1. (a) The Department shall provide the following services to certified business enterprises:

   1. (1) Specialized programs to assist certified business enterprises in securing capital and repairing damaged credit;
   2. (2) Informational seminars on securing credit and loans; and
   3. (3) Access to non-traditional financing sources, as well as traditional lending sources.

2. (b) The Department shall:

   1. (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. (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. (3) Develop a formal listing of financing options for business enterprises;
   4. (4) Deliver services that assist workers who become unemployed due to economic fluctuations to begin new businesses; and
   5. (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.

History

Oct. 20, 2005, D.C. Law 16-33, § 2366

as added May 27, 2010, D.C. Law 18-159, § 2(g), 57 DCR 3006