Mayor Bowser to Kick Off Small Business Week and Announce $1.25 Million Inclusive Innovation Equity Impact Fund Award Recipients
Washington, DC (STL.News) On Monday, May 2, at 11:30 am, Mayor Muriel Bowser , the Office of the Deputy Mayor for Planning and Economic Development (DMPED) and 1863 Ventures will kick off Small Business Week and announce the first round of recipients of the $1.25 million Inclusive Innovation Equity Impact Fund (IIEIF), which is designed to address the gap in capital for businesses that would otherwise not receive investment through conventional financing. In the first round of IIEIF funding, 16 businesses will be awarded investments ranging from $30,000 – $150,000.
The Department of Small and Local Business Development (DSLBD) will also announce the winners of the Equity Impact Enterprise Grants. DSLBD intends to award up to $5,000 per grant from the total of $1,500,000 in available funding for the Fiscal Year 2022 to CBEs with the sub-designation of Equity Impact Enterprise (EIE).
Monday, May 2, at 11:30 am
Mayor Muriel Bowser
John Falcicchio, Deputy Mayor for Planning and Economic Development
Kristi Whitfield, Director, Department of Small and Local Business Development
Saudia Davis, 1863 Ventures
K.J. Hughes, Owner, Manifest
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