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Committee on Business and Economic Development Passes Budget Report Featuring Investments in District Small Businesses and Communities

Committee on Business and Economic Development Passes Budget Report Featuring Investments in District Small Businesses and Communities

Investments for the upcoming fiscal year include support for District businesses and commercial infrastructure with funds that support Certified Business Enterprise (CBE) capacity building, Main Street revitalization and expansion, financial stability, workforce investment, small business lending, and significant capital project financing.

On Wednesday, May 1, 2019, the Committee on Business and Economic Development, led by Chair Kenyan R. McDuffie, passed its budget report for Year 2020. The budget is the culmination of months of work including public hearings, meetings with advocates and stakeholders, and a budget engagement forum in Ward 5.

With today’s vote in support of the budget report, Councilmember McDuffie said:

“Developed through the lens of racial equity, the Committee’s budget significantly invests in communities that have traditionally not received the investment other areas in the District have enjoyed. It expands proven programs and makes sound investments in other sectors such as education, public safety, health, and affordable housing.”

Support for Small Businesses:
Representation:
Violence Prevention:
Supporting Seniors and Vulnerable Citizens:
Affordable Housing:
Education and Childcare:
Recreation:

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