Thursday, July 31, 2014
August 1 2014 - National Crowdfunding Services, LLC (NCS) announced the company will partner with the District of Columbia government to pilot crowdfunding for District small businesses. Specifically, NCS will provide crowdfunding services to selected grantees of the District's Great Streets Initiative through a pilot program called “The Washington DC Crowdfunding Challenge." This program will supplement the Small Business Capital Improvement Grant to support small businesses, retail corridors, and the goals of the Great Streets Initiative.
Great Streets “is the District's multi-year, multi-agency commercial revitalization initiative to transform emerging corridors into thriving and inviting neighborhood centers. Led by the Office of the Deputy Mayor for Planning and Economic Development (DMPED) in conjunction with the Office of Planning (OP) and the District Department of Transportation (DDOT), Great Streets has grown into a multi-year, multi-agency program that utilizes public actions and resources to leverage private investment in retail, office space, housing, and cultural facilities across the District.”
DC native and Howard University graduate William Michael Cunningham, Managing Partner at National Crowdfunding Services said, “We are honored. NCS has long been regarded as a leader in the crowdfunding space, providing not only the most in-depth research and analysis, but also providing thought leadership. We will use crowdfunding to address critical small business market development and financing needs. We believe crowdfunding is a critical emerging tool in the small business development and financing toolbox, and are glad the Government of the District of Columbia agrees. We look forward to working with the many extraordinary businesses along the Great Streets corridors.”
NCS will help the City evaluate six Great Streets Grantees who will be selected for the DC Crowdfunding Challenge. NCS will work with the six finalists to launch and manage crowdfunding campaigns.
For complete details about the DC Challenge contact Henry W. Burger, Director of Business Development, National Crowdfunding Services at
nationalcrowdfundingservices.com or front.office@