NOFA: FY2021 Inclusive Innovation Equity Impact Fund Grant Program

The Office of the Deputy Mayor for Planning and Economic Development (“DMPED”) invites the submission of proposals for a fund manager to administer the FY2021 Inclusive Innovation Equity Impact Fund Grant Program (“EIF Grant Program”).

The primary goal of the Fund is to:

  1. Increase access to capital for eligible businesses that would not otherwise receive early-stage funding through conventional financing.
  2. Create a pipeline of equity impact enterprises (as defined in the Act) that are attractive investment opportunities in the District, and to provide technical assistance and mentoring to equity impact enterprises that have not received similar assistance in the past.

Eligible Applicants:

Private financial organizations, including partnerships, corporations, trusts, limited liability companies, Community Development Financial Institutions, or a consortium of partnerships, corporations, trusts, limited liability companies, or Community Development Financial Institutions, whether organized on a profit or not-for-profit basis, that have as its primary activity the investment of capital into businesses.

Award:

DMPED will award one (1) grant up to $1,250,000.00 to a successful applicant to manage the Fund.

RFA Release:

The Request for Applications (RFA) and the grant application will be released on Friday, May 7, 2021 and posted at www.dmped.dc.gov. The application deadline is Monday, June 7, 2021 at 4PM EST.

For more information:

To view the RFA visit https://dmped.dc.gov/service/grant-opportunities.

DMPED will host a virtual information and live web chat sessions. Once confirmed, details about the information sessions will be posted on the DMPED website at www.dmped.dc.gov.

Questions regarding this competitive funding opportunity should be directed to the Grants Team via email at dmped.grants@dc.gov.

Leave a Reply