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State of Emergency Extended Through January 21
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Mayor Bowser has extended the state of emergency until 3 pm on January 21 - the day after Inauguration. During the emergency, Mayor Bowser has the authority to announce a new curfew if necessary. The National Guard will also be mobilized for 30 days, and approximately 200 National Guard Members are in DC's streets today to monitor activity.
During today's situational update, the Mayor encouraged DC residents to carry on with their day-to-day lives, and did not indicate that additional curfews would be put in place in the coming days. You can
click here
to view the Situational Update presentation.
We recommend you sign up for ALERTDC notifications from HSEMA
here
. For updates, be sure to follow the
DC Police Department
and
DC Police Traffic
on Twitter. Also, tips and information related to yesterday's incidents can be reported to 202-727-9099 or via text at 50411.
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Retail Bridge Fund Applications due Friday
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Retail Bridge Fund
applications
opened on Monday December 14, Entertainment Bridge Fund applications opened on December 21.
The Retail Bridge Fund aims to provide competitive grants to eligible retail establishments that have experienced significant economic distress due to the COVID-19 public health emergency. Local brick-and-mortar retail establishments, such as bookstores, clothing stores, salons, massage establishments, fitness studios, art galleries, and dry cleaners are eligible to apply. The funds will support general operational expenses (rent/mortgage expense, payroll, insurance, and/or utilities), as well as operating expenses related to COVID-19.
Click here for additional information and to apply.
To determine which Bridge Fund program your business may be eligible for,
click here
.
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Robust Retail Grant Applications Open
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DSLBD has opened
applications for their 2021 Robust Retail Grant
.
The deadline to apply is January 28, 2021 at 2 pm
. The purpose of the grant is to support existing DC-based retail businesses maintaining operations and viability during the current small business crisis.
How will grants be awarded, and for how much?
DSLBD intends to award up to $7,500 per business to 106 businesses from the total $800,000 in available funding for Fiscal Year 2021. This grant will be operated as a reimbursement grant, awarded via lottery, to DC retail businesses that have met all eligibility requirements by the final deadline.
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Save the Date
AMPBID Annual Meeting: Tuesday, March 9, 2021
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Adams Morgan Partnership Business Improvement District’s Annual Meeting will be held on Tuesday, March 9, 2021 at 5pm. The meeting will be held online via Zoom. Postcards were mailed to all commercial property and business owners earlier this week.
IMPORTANT:
To attend the annual meeting as a voting member (all commercial property and business owners within the
AMPBID boundaries
are automatically members) you must send us your email address via
this form
. Links to participate in the Zoom meeting and further details (including voting procedures) will be sent via email.
In addition to other business, we will hold elections for five positions on the Board of Directors (3 property owners and 2 business owners whose terms expire in March) at the meeting.
Nominations (per the process in our bylaws) will be accepted until January 29th. Nominating petitions for board members must be submitted to Kristen Barden, Executive Director, at least 40 days prior to the date of the meeting (January 29, 2021). Petitions must have the signatures of at least 10 AMPBID members. The AMPBID’s nominating committee will also nominate candidates.
Please fill out the above form by February 15, 2021 so we can send your ballot. If you have questions, please call Brian at 202.536.9515 or email at bbarrie@admodc.org.
There will be a special meeting of the AMPBID Board of Directors on Tuesday, February 9, 2021 to vote on a new Five-Year plan
All business improvement districts (BIDs) in the District of Columbia must be renewed every five years. The process for renewal is laid out in the law that establishes business improvement districts (DC ST § 2-1215.18). Before re-registering, the BID should develop a business plan for the next five years that includes a proposed budget. The board should approve the new business plan by a 2/3 vote at a meeting called for that purpose.
Also at the February board meeting, the nominating committee will provide a written list of the candidates for board membership to be voted on at the annual meeting on March 9, 2021.
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Valentine's Day Window Contest:
$500 for the winning business!
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This year we are bringing back the Valentine's Day retail window decorating contest. All Adams Morgan businesses with sidewalk-facing windows in the business district are eligible to participate.
Businesses are encouraged to begin decorating their windows as soon as possible. Judging will take place on or around February 12. Winners will be announced on Valentines Day (February 14).
Judging will be based on originality, use of space, overall creativity, and other factors as determined by the judges.
Judging will be conducted by a panel consisting of residents and/or elected officials. None of the judges will have any direct affiliation with participating businesses or be members of the Adams Morgan Partnership BID. The community will also be able to vote on their favorites through an online poll on our website.
Prizes:
1st Place $500; 2nd Place $300; 3rd Place: $200
To participate in the contest, businesses must sign up
using this form
.
If you don't sign up you will not be eligible to win prizes. A list of all participating businesses will be published on our website.
Last year's winners were:
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New Paycheck Protection Program (PPP) Guidance
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Yesterday, the IRS issued guidance that it will allow businesses that got their Paycheck Protection Program loans forgiven to write off expenses paid for with that money. This guidance overrides previous rules that PPP loan recipients that had been forgiven couldn't claim deduction for the wages, rent, utilities and other expenses covered by the loans, according to The Washington Post.
SBA released additional PPP guidance:
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Small Business Assistance: COVID-19 Stimulus Funding
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From DC Mayor Muriel Bowser:
My Administration, with guidance from the Department of Small and Local Business Development (DSLBD), wants to ensure that you—our local businesses—are prepared to take advantage of the much needed extra COVID-19 stimulus funding. Of the $284 billion for the Paycheck Protection Program (PPP), $12 billion will disbursed through Community Development Financial Institutions (CDFI) which will play an important role in supporting the District’s small business community.
As a first step, we strongly encourage you to reach out to your lender and let them know if you are considering applying for loans supported by this new COVID stimulus. If you do not have a preferred lender, the Small Business Administration (SBA) has a list of approved CDFIs and small lenders which is available by visiting
this link
.
The SBA is the best source for information about funding options and COVID-related business resources. These funding options and resources can be found by visiting
this link
. You can also reach out to the SBA directly at 800-827-5722 or via mail at answerdesk@sba.gov.
Though we will not be administering these funds, the DLSBD team is ready and available to provide technical support and assistance in the preparation of applications. If you need any additional assistance, please do not hesitate to contact DSLBD’s DC PTAC Team at
dslbd.ptac@dc.gov
or 202-727-3900 (select option #7).
Also, the Bowser Administration has been working to protect the residents and businesses who make the District great during this time of COVID. For more information about what the District is doing to help individuals, families, and businesses, or for the latest safety guidance, go to coronavirus.dc.gov.
In addition, please know that the next weekly check-in from the Office of the Deputy Mayor for Planning and Economic Development is tomorrow, Tuesday, January 5, 2021 at 4:00 p.m. For more information on how to register or view, please
click here
.
This help has been a long time coming and we encourage everyone in the small business community to submit their applications early. Once again, if you received assistance in the past, please start by reconnecting with your SBA-approved lender.
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Info Session About Paycheck Protection Program 2.0
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Congress approved a new COVID-19 relief package which includes a new round of the Paycheck Protection Program (PPP). In this webinar, we will be informing you about what we know about this new round and how you can prepare for it.
At the end, we will have a Q&A session where we will address any questions you might have.
Thursday January 14th @ 12:00 PM via ZOOM.
Click here
for more information and to register
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Upcoming LEDC Workshops & Events
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SBA Extends Application Deadline for COVID-19 Economic Injury Disaster Loan Program
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This week, SBA announced that the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan has been extended to December 31, 2021.
To date, SBA has approved $197 billion in low-interest loans, which provide U.S. small businesses, non-profits, and agricultural businesses working capital funds. Economic Injury Disaster Loan applications will continue to be accepted through December 2021, pending the availability of funds.
Loans are offered at affordable terms, including a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. All eligible small businesses and nonprofits are encouraged to apply.
Learn more and apply
for an Economic Injury Disaster Loan
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Taking Advantage of the Employee Retention Tax Credit
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January 19 | 12-1:30PM | FREE |
Register
Having a PPP loan no longer disqualifies a business from taking this credit. In this webinar, learn the mechanics of the credit and how you can translate that credit into refund checks for your business.
Updates to PPP, EIDL, SBA and Other Programs
January 26 | 12-1:30PM | FREE |
Register
This webinar will review recent changes made by the new pandemic relief and stimulus package that could impact small business owners, including some changes that are retroactive to 2020.
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DCRA Small Business Workshops for January:
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Webinar: Franchise Your Business: A Proven Strategy For Growth And Success
Monday, January 11, 2021
Webinar: Department Of Insurance, Securities And Banking “Coffee & Capital” At DCRA
Tuesday, January 12, 2021
Webinar: Learn How To Become A Certified Business Enterprise (CBE)
Wednesday, January 13, 2021
Webinar: All Things Non-profit
Thursday, January 14, 2021
Webinar: DCRA At Your Neighborhood Library - Learn The Process Of Starting A Business Virtually
Tuesday, January 26, 2021
Click here
for more information and to register.
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SPONSORSHIP OPPORTUNITIES
Sponsor one of our community events! Partner with our community while reaching some of the city's most desirable demographics. For details, contact
Kristen Barden
at
202-997-0783.
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©
Adams Morgan Partnership
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