To help small business owners, especially those that are struggling, maintain, rebuild, or grow their businesses, the District of Columbia Business Capital Program (DC BizCap) was established by The Department of Insurance, Securities and Banking (DISB). FUSE executive fellow Flavian Marwa worked with DISB to assess current programs, optimize the use of district resources, and reach more residents.
Flavian evaluated the effectiveness of DISB’s current programs by bringing together key stakeholders, including internal staff, financial institutions, community partners, small business owners, and entrepreneurs, as well as representatives from broader local and federal government agencies. Flavian assessed the programs, and drew lessons from other states about how to partner strategically and effectively with the private sector to better leverage public funding. Flavian’s work expanded initiatives to offer assistance to minority and underserved populations, improved stakeholder engagement, and cultivated partnerships with the private sector to provide business capital to D.C’s entrepreneurs and small businesses.