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FY2020 Dream Grants for Ward 7 and 8 Microbusiness

Grants to Washington, DC Emerging Companies
to Support Business Development

Agency Type:

State

Funding Source:

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District of Columbia Department of Small and Local Business Development (DSLBD)

Conf. Date:

09/19/19

Deadline Date:

11/15/19 2:00 PM

Description:

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Grants of up to $10,000 to Washington, DC small and emerging businesses located in Wards 7 and 8 to support business development activities. Funding is intended for market research, product or service development, licensing, customer development, prototype development, and other development purposes.

The grants are to provide business development support to the growth of microbusinesses in Wards 7 and 8. These microbusinesses must be appropriately licensed, have fewer than five (5) employees, the business must be located in Ward 7 or 8, and Ward 7 or 8 residents must have ownership of 50% or more of the of the business.

The funds can be used for the following business development uses:

  1. Product or service development;
  2. Market research;
  3. Customer development;
  4. Licensing;
  5. Developing prototypes;
  6. Providing engineering design;
  7. Leasing equipment; and
  8. Obtaining professional services; such as accounting, tax, and legal services or capital-asset management, or,
  9. Other expenses accepted by the agency not listed as ineligible below.

GrantWatch ID#:

GrantWatch ID#: 183408

Estimated Total Program Funding:

$200,000

Number of Grants:

DSLBD intends to award between 20 and 25 grants.

Estimated Size of Grant:

Up to $10,000 each

Term of Contract:

The “Period of Performance” is after January 1, 2020 and before August 30, 2020, or a shorter period based on a grantees insurance coverage.

Additional Eligibility Criteria:

Only appropriately licensed microbusinesses with fewer than five (5) employees, located in Ward 7 or 8, and with Ward 7 or 8 residents maintaining ownership of 50% or more of the of the business are eligible for funding. Businesses that were awarded a Dream Grant in the last two years are not eligible for the 2020 grants.

The funds cannot be used for any of the following uses:
1. Financing existing debt, including payment of taxes owed
2. Expenses incurred outside of the period of performance
3. Expenses which are reimbursed by a different grant from DC Government
4. Personal use or other uses not related to the business identified in the grant

Pre-proposal Conference:

DSLBD will host an information session regarding the Ward 7 & 8 Microbusiness Dream Grants.

Thu, September 12, 2019
6:00 PM – 8:00 PM EDT
Marshall Heights Community Development Org
3939 Benning Road Northeast
Washington, DC 20019
United States

Additionally, DSLBD will offer a grant eligibility paperwork boot camp.

Thu, September 19, 2019
6:00 PM – 8:00 PM EDT
Marshall Heights Community Development Org
3939 Benning Road Northeast
Washington, DC 20019
United States

Register via the DSLBD eventbrite page: https://www.eventbrite.com/o/department-of-small-amp-local-business-development-7956762164

Pre-Application Information:

Applicants who complete eligibility documentation by October 3, 2019 or October 31, 2019 will receive a courtesy review of their eligibility.

The last date to ask questions about the grant application is November 13, 2019, 2:00 PM.

The deadline to apply online is November 15, 2019 at 2:00 PM.

Grants will be reviewed between November 15, 2019 and January 15, 2020. Notifications to applicants are anticipated by February 1, 2020.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply online:
https://www.zoomgrants.com/gprop2.asp?donorid=2274&rfpid=2465

Written questions may be sent to the Innovation & Equitable Development Team at the Department of Small and Local Business Development at Inno.ED@dc.gov.

URL for Full Text (RFP):

Geographic Focus:

USA: Washington, DC: Wards 7 and 8