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GOAL 1:
BUILD CAPACITY OF ENTREPRENEURS TO START, GROW, AND SCALE THEIR BUSINESSES

GOAL 1: BUILD CAPACITY OF ENTREPRENEURS TO START GROW AND SCALE THEIR BUSINESSES
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Strategy 1:
Establish technical assistance "outposts" within the Ward to provide tailored support to entrepreneurs. To spur the growth of minority-owned and female-owned businesses, we should make available accounting and legal resource clinics for local entrepreneurs (online or in community spaces located in the community).

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Strategy 2:
Raise awareness of existing resources and technical assistance offered through local CDFIs, government and nonprofit agencies, such as Capital Impact Partners, LEDC, DSLBD, LISC, WACIF, and Urban League.

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Create “community shared space” for 1-stop business advice and guidance – either in a physical space (e.g., Makers Space on Nannie Helen Burroughs/Deanwood Grow) or a digital home

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GOAL 2:
INCREASE ACCESS TO CAPITAL FOR ENTREPRENEURS AND SMALL BUSINESSES

GOAL 2: INCREASE ACCESS TO CAPITAL FOR ENTREPRENEURS AND SMALL BUSINESSES
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Strategy 1:
Enhance entrepreneurs' business acumen and help small businesses obtain new skills on topics such as financial management, capital raising, and online/digital marketing.

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Strategy 2:
Establish a place-based fund to capitalize ideas from community entrepreneurs and projects that directly benefit residents and businesses.

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Strategy 3:
Source and promote funding opportunities outside of the traditional network, including large philanthropic groups, national, and federal resources (e.g., Healthy Food Financing Initiative).

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GOAL 3:
MOBILIZE AND CONNECT THE SMALL BUSINESS COMMUNITY

GOAL 3: MOBILIZE AND CONNECT THE SMALL BUSINESS COMMUNITY
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Strategy 1:
Create outlets and hold event for small business owners to meet and network (e.g., Co-work, Coffee & Conversation, Sunday Dinners)

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Strategy 2:
Create a centralized, publicly accessible digital directory of small businesses, including names, business specialization, and contact information

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Strategy3:
Establish a community-led, small business constituent group to represent entrepreneurs/business owners on advocacy panels, existing economic development forums, and emerging business councils (e.g., Ward 7 Economic Development Advisory Council, East of the River Business Council via the Anacostia BID)

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GOAL 4:
DEVELOP A FOCUSED ECONOMIC DEVELOPMENT POLICY AND PROGRAMMATIC AGENDA

GOAL 4: DEVELOP A FOCUSED ECONOMIC DEVELOPMENT POLICY AND PROGRAMMATIC AGENDA
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Strategy 1:
Work with ANCs, Ward 7 leadership, and relevant government agencies to develop "TOPA for Business" legislation that gives business owners the first right to purchase the physical structure(s)/real estate where their businesses are located.

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Strategy 2:
Utilize Community Benefit Agreements to offset displacement of small business by larger business entrants – e.g., X% dedicated toward small business upstart or investment.

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Strategy 3:
Work with funding agencies to craft grant opportunities to match the needs of the area and offer technical assistance to applicants who may not have familiarity with grants and funding.

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Strategy 4:
Advocate for the DC government to fund projects that have a "community mandate" that benefits residents and anchors small businesses.

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Strategy 5:
Advocate to the DC Office of Planning, Board of Zoning officials for expansion of 3rd spaces and creative space activation, which can help entrepreneurs and business owners diversify their revenue streams.

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GOAL 5:
BUILD A COMMUNITY-LED ECONOMIC DEVELOPMENT ORGANIZATION

GOAL 5: BUILD A COMMUNITY-LED ECONOMIC DEVELOPMENT ORGANIZATION
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Strategy 1:
Assess the landscape of legacy, community-based organizations and determine their capacity and ability to serve as a springboard for new and emerging economic development activities (e.g., Washington East Foundation, MHCDO, East River Strengthening Collaborative)

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Strategy 2:
Assess the feasibility and sustainability of a Business Improvement District (BID) for the Greater Deanwood, Richardson Dwellings, Lincoln Heights, and Capitol View communities.

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Strategy 3:
Organize a ideation group of business owners, entrepreneurs, and residents who are interested in researching and testing new business ideas that are of high interest/value to the community (e.g., shared commercial kitchen, arts and entertainment venue, etc.).

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Strategy 4:
Conduct an economic development focused asset mapping exercise that maps current community needs, to existing and legacy businesses, and highlights gaps to be addressed.

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GOAL 6: EXECUTE A PR/MARKING STRATEGY

GOAL 6: EXECUTE A PR/MARKING STRATEGY
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Strategy 1:
Develop a community narrative that tells the story that residents want, using available data (e.g., Census, Comp Plan)

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Strategy 2:
Create a dedicated website for residents to post and publish community-sourced content (e.g., small business stories, visionary and positive stories defining our neighborhoods)

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Strategy 3:
Develop a community marketing strategy to outline the economic opportunities, competitive advantages for public and private sectors to invest capital and resources in the area. This info should be available on a website.

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GOAL 7: ENHANCE WORKFORCE CAPACITY AND TRAIN FOR SKILLS OF THE FUTURE

GOAL 7: ENHANCE WORKFORCE CAPACITY AND TRAIN FOR SKILLS OF THE FUTURE
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Strategy 1:
Assess demand/need for a non-governmental workforce development center, like the Skyland Workforce Center in Ward 8

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Strategy 2:
Broaden employment training offerings beyond the construction trades, to include other career and employment opportunities in areas such as ecommerce, coding, digital, analytics, etc.

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Strategy 3:
Work with government, private agencies, and nonprofits to shrink the digital divide and increase broadband access in the community.

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Strategy 4:
Encourage outreach and partnerships with industry and bring them East of the River – e.g., Amazon, Google, healthcare providers, General Assembly, Black Girls, Code/Women Who Code.

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ECONOMIC & WORKFORCE DEVELOPMENT SIDEBAR INFO

Subcommittee Vision Statement: Greater Deanwood, Richardson Dwellings, Lincoln Heights and Capitol View is a self-sustaining, diverse, and restorative community committed to equitable community ownership, empowered local entrepreneurship, a resilient workforce, and building generational wealth.

Subcommittee Facilitator Contact Info:

Talayah Jackson

talayahjackson@gmail.com