Helping Small Businesses Succeed Through Training and Funding
Like so many Americans, small business owners and entrepreneurs in Washington, D.C., were hit hard by the economic recession of 2008 and have struggled to access the loans and investments they need to succeed. The impact of these struggles has been felt not just by business owners, but by residents, as these businesses create jobs and are critical drivers of the local economy. In response, the District of Columbia Business Capital Program (DC BizCAP) was established in 2010 to help businesses navigate opportunities for maintaining, rebuilding or growing their businesses. Mayor Muriel Bowser is committed to expanding these initiatives while also looking at ways to generate more financing and support for small business owners.
FUSE Fellow Flavian Marwa will develop a plan to assess current programs, recommend improvements to better utilize the district's resources and reach more residents, and begin implementation of those recommendations. Flavian will also play a key role in identifying and developing strategic partnerships with the private sector to help leverage allotted federal funds that benefit small businesses.