Councilmember McDuffie Releases Committee on Business and Economic Development FY22 Budget Report

Councilmember McDuffie Releases Committee on Business and Economic Development FY22 Budget Report

FY22 Budget, Press Release
Prioritizes addressing the District’s racial wealth gap, tackling systemic barriers to access capital and supporting workers & small businesses most impacted by the pandemic For Release: Thursday, July 1, 2021 Contact: Malcom Fox, 202-227-1701, mfox@dccouncil.us Washington, DC – Today, the Committee on Business and Economic Development released its FY22 Budget report. Chairman Kenyan McDuffie prioritized funding programs that would reduce the District’s stark racial wealth gap, address gaps in access to capital for socially disadvantaged entrepreneurs and provide financial relief for workers and small businesses in industries that have been the most impacted by this pandemic. “The Committee’s budget dollars must facilitate an equitable recovery and address the structural economic barriers for communities of color that predate this pandemic,” said Councilmember McDuffie. “The Child Wealth Building Act and guaranteed basic…
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Committee on Business and Economic Development Budget Report Advances Councilmember McDuffie’s Racial Equity Agenda

Committee on Business and Economic Development Budget Report Advances Councilmember McDuffie’s Racial Equity Agenda

Press Release
Invests in Black entrepreneurs by providing access to capital.Operationalizes racial equity by implementing the REACH Act.Funds a disparity study so more District procurement supports minority and women entrepreneurs. Washington, D.C. -- On Thursday, June 25, 2020, the Committee on Business and Economic Development, led by Chairman Kenyan R. McDuffie, passed its budget report for Fiscal Year 2021. The budget is the culmination of months of work including public hearings, engagement with advocates and stakeholders. This budget report is focused on advancing Councilmember McDuffie's Racial Equity Agenda. With today’s vote in support of the budget report, Councilmember McDuffie said: "Developed through the lens of racial equity and recognizing the disproportionate impact the public health emergency is having on communities of color, specifically black people, the Committee’s budget significantly invests in District…
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McDuffie’s Legislative Language Requiring Utilities Enter into Payment Plans with Residents Included in Latest COVID-19 Response Bill

McDuffie’s Legislative Language Requiring Utilities Enter into Payment Plans with Residents Included in Latest COVID-19 Response Bill

Press Release
Councilmember Kenyan R. McDuffie's Legislative Language Requiring Utilities Enter into Payment Plans with Residents Included in Latest COVID-19 Response Bill Payment programs are required to be offered during the public health emergency and a period after that, depending on the utility Washington, DC – Today, the Council of the District of Columbia unanimously passed the latest in a series of bills in response to the COVID-19 public health emergency, the Coronavirus Support Emergency Amendment Act of 2020 and Coronavirus Support Temporary Amendment Act of 2020. Councilmember Kenyan R. McDuffie, Chair Pro Tempore and Chair of the Council Committee on Business and Economic Development, led the Council’s efforts to require utility providers to offer a utility payment program for customers unable to pay their utility bills due to the public health…
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McDuffie Statement on DC’s Updated Fiscal Forecast and Revenue Shortfall

McDuffie Statement on DC’s Updated Fiscal Forecast and Revenue Shortfall

Press Release
McDuffie Statement on DC's Updated Fiscal Forecast and Revenue Shortfall Washington, D.C. -- Today, Councilmember Kenyan R. McDuffie, Chair Pro Tempore of the Council and Chair of the Council Committee on Business and Economic Development, released the following statement on the DC Chief Financial Officer's updated revenue estimate: "District of Columbia Chief Financial Officer Jeffrey DeWitt just provided the Mayor and Council with an updated financial forecast and now projects a budget shortfall of $722 million in the current fiscal year, and additional downward revisions of $774 million, $606 million, and $568 million over the next three years. Based on all the numbers, the CFO today indicated that we are now in a recession. While that is certainly not welcome news, we all know that this pandemic has had a…
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McDuffie Leads Council on Support for Nightlife Small Businesses and Mortgage Relief

McDuffie Leads Council on Support for Nightlife Small Businesses and Mortgage Relief

Press Release
McDuffie Leads Council on Support for Nightlife Small Businesses and Mortgage Relief The provisions, passed by the Council today, are an expansion and clarification of the previously passed Council legislation in response to coronavirus Washington, DC – Today, Councilmember Kenyan R. McDuffie, Chair Pro Tempore and Chair of the Committee on Business and Economic Development, and his Council colleagues passed legislation that clarified important transparency provisions of the mortgage protections included in the previously passed, COVID-19 Response Supplemental Temporary Amendment Act of 2020 [B23-734] and allow nightclubs to sell alcoholic beverages and food for off-premise purposes. Mortgage Relief Emergency Amendment Act of 2020 [B23-735]Councilmember McDuffie, as Chair of the Council Committee on Business and Economic Development, which has oversight of the DC Department of Banking, Securities, and Banking (DISB), has…
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Councilmember Kenyan R. McDuffie on Passage of Additional Emergency Legislation in Response to Coronavirus

Councilmember Kenyan R. McDuffie on Passage of Additional Emergency Legislation in Response to Coronavirus

Press Release, Statement
Councilmember Kenyan R. McDuffie on Passage of Additional Emergency Legislation in Response to Coronavirus Legislation includes mortgage relief, support for CBEs, and expanded consumer protections Washington, DC – Today, the Council of the District of Columbia passed the COVID-19 Response Supplemental Emergency Amendment Act of 2020 [B23-733]. Upon passage, Councilmember Kenyan R. McDuffie, Chair Pro Tempore and Chair of the Committee on Business and Economic Development, released the following statement: “Since the Council last met under our current public health emergency, the District has undergone a significant health, social, and economic transformation as the COVID-19 public health emergency touches nearly every resident of our City and region. The District has instituted key provisions of the first emergency, including setting up the Microgrant small business recovery program, a prohibition on evictions,…
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McDuffie on the release of the Disparity Report Framework and Recommendations and the Minority and Women-Owned Business Assessment

McDuffie on the release of the Disparity Report Framework and Recommendations and the Minority and Women-Owned Business Assessment

Statement
Councilmember Kenyan R. McDuffie Statement on the release of the Disparity Report Framework and Recommendations and the Minority and Women-Owned Business Assessment Washington, DC -- Councilmember Kenyan R. McDuffie has issued the following statement upon the release of two reports from the DC Department of Small and Local Business Development (DSLBD), the Disparity Report Framework and Recommendations and the Minority and Women-Owned Business Assessment: "The findings of these reports are troubling, and I am disheartened—not just by what the data revealed, but also because a thorough study could not even be completed due to a lack of data. The reports underscore the necessity of consistent and standardized data collection, and one benefit is that we now have a roadmap to follow to develop a comprehensive study.Despite this, the goals of the CBE program are extremely…
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McDuffie Introduces Bill to Help Long-Term Businesses Stay in DC.

McDuffie Introduces Bill to Help Long-Term Businesses Stay in DC.

Press Release
Councilmember Kenyan R. McDuffie Introduces Bill to Help Long-Term Businesses Stay in DC The ‘Affordable PLACE Act’ seeks to address the problem of long-term local businesses – many owned and operated by people of color – from being priced out of DC. The legislation would create a ‘Legacy Business’ certification, provide for grants and tax abatements to legacy businesses and/or landlords Washington, DC – Today, Councilmember Kenyan R. McDuffie, Chair of the Committee on Business and Economic Development introduced the Protecting Local Area Commercial Enterprises (P.L.A.C.E.) Amendment Act of 2019 or the ‘Affordable PLACE Act’ [B23-432]. The bill supports both legacy and small local businesses by providing technical and financial assistance, incentivizing landlords to enter into or renew leases with legacy businesses, and creating protections to commercial tenants as they…
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McDuffie Introduces Certified Business Enterprise (CBE) and First Source Bill to Address Transparency, Accountability, and Compliance

McDuffie Introduces Certified Business Enterprise (CBE) and First Source Bill to Address Transparency, Accountability, and Compliance

Press Release
Councilmember Kenyan R. McDuffie Introduces Certified Business Enterprise (CBE) and First Source Bill to Address Transparency, Accountability, and Compliance Legislation would create an independent Chief Compliance Officer Councilmember McDuffie: “When it comes to compliance, the CBE program is broken.” Washington, DC – Today, Councilmember Kenyan R. McDuffie, Chair of the Committee on Business and Economic Development, introduced the Independent Compliance Office Establishment Act of 2019 [B23-471]. The legislation would create a new independent Office of the Chief Compliance Officer which would have purview of certification and enforcement over the Certified Business Enterprise (CBE) program and First Source employment program. Those programs are currently located within the Department of Small and Local Business Development (DLSBD) and the Department of Employment Services (DOES), respectively. The new Chief Compliance Officer will serve a…
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McDuffie Leads Council in Passing Emergency Legislation to Ensure Financial Feasibility of MLK Gateway Development

McDuffie Leads Council in Passing Emergency Legislation to Ensure Financial Feasibility of MLK Gateway Development

Press Release
Councilmember Kenyan R. McDuffie Leads Council in Passing Emergency Legislation to Ensure Financial Feasibility of MLK Gateway Development The proposed legislation ensures the financial feasibility of the development by providing an emergency tax abatement and amending the term sheets to allow 1909-1913 Martin Luther King, Jr Avenue, SE to be transferred to a fee simple sale Washington, DC -- Today, Councilmember Kenyan R. McDuffie, Chair of the Committee on Business and Economic Development, led the Council in passing emergency legislation to ensure financial feasibility of the MLK Gateway Development. The MLK Gateway Development team is utilizing new market tax credits as a part of its capital stack, however due to the 35-day federal government shutdown during the end of 2018 the issuance of those credits has been delayed. The delay…
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