Local Business

D.C. Mayor’s Green Book Sets $917M Spending Goal for Small Businesses

D.C. Mayor Muriel Bowser aims to spend nearly $1 million on assistance for small businesses in the coming fiscal year, her office said this week.

The goal was announced as part of the mayor’s release of the Small Business Enterprises Opportunity Guide for fiscal 2021, also known as the “Green Book.”

The document outlines the city’s spending priorities and available resources to increase access to procurement opportunities.

For fiscal year 2021, the city’s goal is to spend $917 million on small business enterprises, up from $910 million the previous year. The District eventually ended up spending more than $976 million in fiscal 2020.

“Small businesses are the backbone and driving force behind our local economy. When they succeed, so do our neighborhoods and residents,” Bowser said. “This year’s Green Book is about giving our small businesses a fair shot by investing in them through the procurement process. And, each year, we’ve increased our spending goal so we can enhance equity and create even more economic opportunities for our entrepreneurs. We will continue to support our small business community, no matter the economic climate.”

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