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Washington, DC Minority Business Development Center
 
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The Washington, DC Minority Business Development Center
64 New York Avenue, NE
Third Floor
Washington, DC 20002
202.671.1552 | phone
202.671.3073 | fax
» info@dcmbdc.org
 
 
The DCMBDC is operated by the
 
 

We recognize that every business is different and each business model will be plagued by different problems. That’s why DC MEDC’s services are all designed to fit specifically in one of three categories.

  • Providing access to capital
  • Providing access to markets
  • Increasing organizational efficiencies

The Process
Eligibility
Capital Procurement
Market Entry
Increasing Efficiency

The Process

During the intake process, DC MEDC conducts a through review in order to identify your business needs. A consultant will evaluate you to determine your eligibility, performing an in-depth assessment to get to know your business. After the initial assessment, we conduct a site visit to learn more about your business environment. After all assessments are complete, we present a proposal for services.

Eligibility

In order to take advantage of our services, DC MEDC clients must be located within the National Capitol Region, must be for-profit entities and at least 51% minority-owned. In addition, our clients must be rapid-growth companies generating $500,000 or more in annual revenues.

Capital Procurement

Lack of capital is too often a barrier to business. When firms do manage to get financing, many are forced to operate with several loans and pay exorbitant interest rates. DC MEDC works with our clients to provide alternatives. We help minority business owners secure low-interest loans and other forms of affordable financing. We also help clients win contracts by eliminating the prior barriers that have rendered them ineligible in the past.

Market Entry

The consultants at DC MEDC have picked up a few connections throughout our years in business in government. We can leverage our relationships and our contacts in all sectors for the benefit of our clients. For those businesses currently serving as sub-contractors to major companies, we can eliminate the middleman. For business owners who have been previously unsuccessful in setting up pivotal meetings, we can leverage our network to set up appointments with key professionals in desired companies or agencies.

And our service doesn’t stop there. We attend meetings with our clients and can even negotiate on their behalf.

At DC MEDC, implementation matters, and we stick with each client until we see results.

Increasing Efficiency

After initially assessing your business processes, we spend time with you on a regular basis to identify your specific problems. We can help you create the efficiency that will reduce the overtime costs from clients working longer hours than necessary. We can work with you to develop standardized operating procedures to provide the consistency which, over time, will improve your cash-flow.

 
 
 Site Requirements