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Great Streets TIF, Successful Contracting Series, LEDC Business Series, OCP Wins Award, Upcoming Business Classes
1. Great Streets Initiative Convenes Meetings About Potential Neighborhood Tax Increment Financing Districts The Great Streets Initiative within the Office of the Deputy Mayor for Planning and Economic Development (DMPED) announced today a series of meetings to discuss the potential for four Neighborhood Tax Increment Financing (TIF) sub-districts along the designated Great Streets corridors. TIF involves earmarking certain real property and sales taxes within an area to pay for public and private investments. This public / private partnership tool allows the District to pledge future tax revenues–revenues not already committed to meeting citywide operational needs or debt service–to support private investment in key redevelopment projects in addition to supplemental infrastructure and public space improvements. An overview of TIF and how it works as well as technical analysis about the estimated potential revenue streams for each respective TIF sub-district will be presented to an audience composed of property and business owners, developers, and neighborhood and business associations. Attendees will be asked to provide input on how the District might prioritize spending within their sub-districts. Meeting information for the four proposed sub-districts is as follows: H Street, NE (2nd Street, NE to 17th Street, NE)* Martin Luther King, Jr. Avenue, SE and South Capitol Street (Ridge Place, SE to Danbury Street, SW)* Georgia Avenue – Petworth / Park View (Kenyon Street, NW to Varnum Street, NW)* Georgia Avenue – 7th Street, NW (O Street NW to Howard Place NW)* For more information about the Great Streets Initiative, visit DMPED.
2. OCP and Howard University SBDC Successful Contracting Workshops Begin September 12 The District of Columbia Office of Contracting and Procurement (OCP), and the Howard University DC Small Business Development Center Network (HUDC SBDC) will begin their series, Successful Contracting for Local, Small and Disadvantaged Business Enterprises (LSDBEs), beginning September 12, 2006. The series will provide practical, hands-on business development workshops designed to help prospective and existing LSDBEs advance their skills in doing business with the Government of the District of Columbia. The monthly OCP Procurement Awareness Roundtable Series, also set to begin in September, will kick off on September 20 with one-on-one discussions with key contracting personnel responsible for agency and commodity group buying throughout the District. "We encourage certified LSDBEs, and those considering certification by the Department of Small and Local Business Development, to register for the workshops and roundtables," said Tillery. "It is important for entrepreneurs to get it right in order to receive an award and then to perform to the highest standards. By teaming with the HUDC SBDC, OCP is again expanding services to the LSDBE community of businesses." For a description of the series and a registration form, please select the links below: Businesses are encouraged to continually visit OCP for more information about this and other opportunities. To review eligibility criteria for LSDBE certification, please visit DSLBD or call (202) 727-3900.
3. LEDC Presents a Free Seminar Series to Improve Your Business Featuring the Expertise of The Wander Group In response to the changing dynamics of DC's revitalized commercial districts, Latino Economic Development Corporation is offering two classes in conjunction with The Wander Group. Capturing a Changing Market Business Life Cycle For more information on these classes, visit LEDC.
4. National Institute of Governmental Purchasing Recognizes OCP Technical Applications with National Award The National Institute of Governmental Purchasing, Inc. (NIGP) announced that the Washington, DC Office of Contracting and Procurement (OCP) was presented with the 2006 Best Practices in Public Procurement Award. The award, announced on August 8, 2006, at the NIGP Annual Forum, was presented to OCP in recognition of its seven year evolution from paper-dependent practices to an electronic-based contracting and procurement system. OCP employs advanced procurement forecasting and analytics tools, provides vendor contracting and notification services via the web, and uses back office functions that increase efficiency and effectiveness. With an annual expenditure of $1.2 billion and 21,000 contracting transactions per year, the transition to an electronic-based contracting and procurement system was imperative. Today, with the capability to generate and organize information in real time, OCP is better equipped to respond to the needs of the 60 District agencies it supports as well as the contractor community. Internal customers gain access to contract status and vendor performance information, while government suppliers can register online with the DC government, access current business opportunities, and view contract awards. Commenting on OCP's achievement, NIGP's Chief Executive Officer Rick Grimm said, "OCP demonstrates the initiative and professionalism that represent the standard of excellence we at NIGP nurture and encourage." Founded in 1944, NIGP is an international not-for-profit educational and professional services association supporting public purchasing agencies at all levels of government. Learn more about NIGP.
5. Upcoming Business Classes on the BRC website Monday, September 4 Tuesday, September 5 Thursday, September 7 Friday, September 8 Tuesday, September 12 Wednesday, September 13 Thursday, September 14 Monday, September 18 Tuesday, September 19 Wednesday, September 20 Thursday, September 21 Friday, September 22 To learn more about these classes, visit the BRC.
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