The Community Foundation for the National Capital Region

In 2011, the Washington Regional Association of Grantmakers began to explore an emerging enterprise development project, the Metropolitan Washington Community Wealth Building Initiative, and hired The Democracy Collaborative to conduct a feasibility study. After that study was completed, the association appointed The Community Foundation for National Capital Region as the leading funder to oversee implementation of a network of green, employee-owned businesses creating wealth-building jobs in low-income communities and connected to anchor demand, for which it retained CDFI City First Enterprises and business consultancy Next Street. The first business planned is an employee-owned clean water management company, for which New Markets Tax Credits and other funding is currently being sought.

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