Current through codified legislation effective October 30, 2024
Section 2-218.66 - Services to certified business enterprise(a) The Department shall provide the following services to certified business enterprises: (1) Specialized programs to assist certified business enterprises in securing capital and repairing damaged credit;(2) Informational seminars on securing credit and loans; and(3) Access to non-traditional financing sources, as well as traditional lending sources.(b) The Department shall: (1) Develop a catalog of on-line survival and growth tools and resources that certified business enterprises can access through the Internet or other organizations;(2) Enter into a memorandum of understanding with a third-party vendor to provide expert consulting and education to assist certified businesses enterprises at risk of failure, including certified business enterprises that are considering filing for bankruptcy;(3) Develop a formal listing of financing options for business enterprises;(4) Deliver services that assist workers who become unemployed due to economic fluctuations to begin new businesses; and(5) Enter into a memorandum of understanding with a third-party vendor to provide one-on-one counseling with potential borrowers to improve financial presentations to lenders.Oct. 20, 2005, D.C. Law 16-33, § 2366; as added May 27, 2010, D.C. Law 18-159, § 2(g), 57 DCR 3006.