Nov 10 | Deadline to apply for Industrial Bank's DC Grant Initiative
Industrial Bank's DC Grant Initiative supports DC residents, DC based small businesses, and DC based non- profit organizations that are providing programs/support for District residents and District based small businesses. To further efforts in COVID recovery, the Bank is looking to support residents who experienced home mortgage delinquencies as a result of the Pandemic, organizations that have and/or shall provide services to primarily District residents and District based small businesses that have been negatively impacted by the Covid-19 Pandemic.
This Program is being funded, partially or fully, through the District of Columbia Executive Office of the Mayor - Office of the Deputy Mayor for Planning and Economic Development.
Prior to applying, please be certain you meet all the eligibility requirements listed below:
SELECTION CRITERIA (Residents)
District residents that have experienced layoff, furlough, or a reduction in hours of the applicant or of a spouse or co-homeowner due to the Covid-19 pandemic
District residents that have fallen behind in their mortgage payments
District residents that have exhausted or nearly exhausted other assistance programs from their current lender.
SELECTION CRITERIA (Non-Profits)
Non-Profit organizations that provide educational and informational services that will
allow residents or businesses to become aware of, get access to, or further their understanding of how to navigate programs or processes related to COVID-19 recovery.
Non-Profit organizations that provide forgivable loans and/or grants to District-based small businesses in the District of Columbia.
Non-Profit organizations that can demonstrate they have been negatively impacted by the Covid-19 pandemic.
SELECTION CRITERIA (Small Businesses)
Small businesses with a high level of revenue decline since March 2020 as compared to prior fiscal year ends.
Small Businesses who began operations before Jan.1,2020 and can demonstrate the effects of COVID-19 on the business.
Small Businesses that can provide evidence of continuing solvency.
Applications Open: October 20, 2021
Submission Deadline: November 10, 2021
Click Here To Apply!
Please email questions to dcgrant@industrial-bank.com