District hospital systems, universities, and utility companies come together to support the growth of local DC-Based Minority-Owned Businesses
WASHINGTON, DC | The Coalition for Nonprofit Housing and Economic Development (CNHED) is thrilled to announce one of its flagship initiatives, the DC Community Anchor Partnership (DCAP) has successfully aided in the distribution of $250 Million to Washington, DC-Based Minority-Owned Businesses (MBEs) since the program’s launch in 2017.
This milestone was celebrated through an announcement event in partnership with the District of Columbia’s Executive Office of the Mayor on Thursday, September 28th at 11am at the Washington Gas Penthouse. Attendees enjoyed remarks from special guests Mayor Muriel Bowser and Councilmember At-Large Kenyan McDuffie.
DCAP is a high-impact initiative that engages large local “anchor institutions” (placed-based entities including hospitals, universities, and utility companies) and local MBEs to re-engineer institutional procurement systems and reduce their barriers to contract opportunities. DCAP works closely with minority business owners to help them better navigate the procurement process and submit RFPs for large local contracts for which they might not have been competitive in the past.