January 13, 2021
Washington, D.C. – The DowntownDC Business Improvement District (BID) has contracted accounting firm CohnReznik to assist eligible DowntownDC member businesses and non-profits in applying for the Small Business Association’s (SBA) second round of funding through the Paycheck Protection Program (PPP).
A dedicated team of CARES Act experts will be made available to explain the different programs and guide organizations through the processes. The BID will also help businesses find a bank to facilitate the application if they do not have a current banking relationship.
“DowntownDC BID is pleased to help ease the burden of applying for PPP funding by offering technical assistance to our members. The program will provide up to $800 in services for individual businesses, which we have determined should more than cover the average amount of time spent on this task,” said Neil Albert, President and CEO, DowntownDC BID.
The BID’s PPP Technical Assistance Program is available to its members as of Jan. 13, 2021, just a day before the opening of its $1 Million Pandemic Recovery Grant Program.
Interested DowntownDC businesses should visit www.downtowndc.org/ppp_assistance for more information.
About the DowntownDC Business Improvement District
The DowntownDC Business Improvement District (BID) was founded in 1997 and is a private non-profit organization that provides capital improvements, resources and research that keep the BID area clean, safe, economically and environmentally strong and accessible. The DowntownDC BID is a catalyst, facilitator and thought leader in diversifying the economy, promoting public/private partnerships and enhancing the DowntownDC experience for all. This special district, where property owners have agreed to tax themselves to fund services, encompasses a 138-block area of approximately 520 properties from Massachusetts Avenue on the north to Constitution Avenue on the south, and from Louisiana Avenue on the east to 16th Street on the west. For more information, visit DowntownDC.org or follow us on Twitter @downtowndcbid.