Last Updated on August 7, 2022 by Danielle McDonald
The District of Columbia’s annual federal grants total more than $12,022.00 millions dollars. There are also additional funding sources from local governments of $9,659.00million dollars. Therefore, this ensures that the bulk of federal grants go to the business sector each year. Small businesses and large corporations are the backbone of economic growth. The state of District of Columbia has 16,728 businesses and these establishments are broken down into the following:
District of Columbia Business Sector Breakdown by Size:
- 7,820 businesses in the District of Columbia have between 0 and 4 employees. This breakdown includes those who work from home as sole proprietors.
- 2,664 businesses in the District of Columbia have between 5 and 9 employees.
- 1,818 businesses in the District of Columbia have between 10 and 19 employees.
- 2,203 businesses in the District of Columbia have between 20 and 99 employees.
- 966 businesses in the District of Columbia have between100 and 499 employees.
- Over 1,257 businesses in the District of Columbia have over 500 employees.
District of Columbia Business Sector Breakdown in Service Industries:
- The Professional, Scientific and Technical Services sector have 4,607 District of Columbia Businesses under its registry
- The Administrative, Support, Waste Management, and Remediation Services sector have 1,101 District of Columbia Businesses under its registry
- The Accommodation and Food Services sector have 2,219 District of Columbia Businesses under its registry
- The District of Columbia has more than 4,087 registered companies. They are service-oriented businesses that are not yet included in the above categories.
You may also be eligible for grants for small businesses if you work in the agriculture industry. District of Columbia has no farms.
Small Businesses in the District of Columbia
It is difficult to start and manage a small business within the District of Columbia. In the District of Columbia, more than $30,236,461,000.00 US dollars is spent on employee salaries and payroll. So every year, over 1,257 companies declare bankruptcy. The federal government doesn’t provide grants to expand or start businesses, but in the District of Columbia some grants are available to small business owners for their growth and maintenance. Grant recipients don’t have to repay the government funding. Therefore, it is worth looking into small business grants to help fund your business.
Contact us to apply for District of Columbia business grants Financial aid agencies in District of Columbia.
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state:
You can also find Virginia small business grants on our site.