Mayor Bowser to award more than $4.2 million to 19 businesses expanding in Washington

Washington Mayor Muriel Bowser will announce at 11:00 a.m. on Monday, November 16, more than $4.2 million in awards through the District's Vitality Fund and Growth Fund to 19 businesses expanding or establishing operations in Washington, D.C. The Mayor's Office announced the event on November 15.

477 new jobs expected

According to the Mayor's Office, the investments are expected to create 477 new jobs, retain 538 existing jobs, generate $33 million in private investment, and support the occupancy of approximately 300,000 square feet of commercial space. The two funds are part of Bowser's Growth Agenda, which focuses on attracting businesses, creating jobs and diversifying the District's economy.

$9.4 million invested over four years

Over the past four years, the District has invested $9.4 million through the Vitality Fund and Growth Fund to support 37 businesses, resulting in commitments for $68 million in private investment and approximately 1,400 new jobs. The announcement will take place at CannonDesign, 805 15th Street NW, near the McPherson Square Metro station; Deputy Mayor for Planning and Economic Development Nina Albert and CannonDesign Executive Director for the East Region James Miner will also attend.