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…
Read More

Statement on D.C. BizCAP Loan Participation Program

Statement
    Councilmember Kenyan R. McDuffie, Chair of the D.C. Council Committee on Business and Economic Development, has released the following statement on the D.C. BizCAP Loan Participation Program:   "I recognize that our small and local businesses are the foundation of our growing city and play a crucial part in providing jobs for our residents. We cannot afford to have our government fail our citizens and local businesses. Connecting small and local businesses, particularly our Certified Business Enterprises (CBEs), to access to capital is one of my top priorities. While today’s article in the Washington Business Journal is deeply troubling, I remain committed to working with the Department of Insurance, Securities and Banking (DISB) to increase access to capital for our businesses. As Chair of the Committee on Business…
Read More