A new report from the Alexandria Economic Development Partnership showed that the 22314 zip code — Old Town and Carlyle — received more funding in business grants than the rest of Alexandria combined.
A breakdown of grant dollars by zip code showed that Old Town and Carlyle businesses received $3.5 million in grant funding. The next closest was the 22304 zip code in the West End, totaling $1.1 million.
That funding would be centered in Old Town isn’t too surprising, considering that’s where roughly 50% of the city’s businesses are located. AEDP President and CEO Stephanie Landrum told ALXnow last year that’s also where around 60% of the grant applications come from, despite an effort by the organization specifically to reach out to non-Old Town businesses and encourage them to apply.
The rest of Alexandria, combined, received $2.4 million in grants.
In total, AEDP distributed $6.4 million in federal and local grant funding to 648 Alexandria businesses.
The grants were fairly evenly split between male and female-owned businesses — 46% and 44% respectively — with 9% not identifying their gender and 1% identifying as trans or non-binary.
Roughly 74% of the funding went to businesses with less than 25 employees, which were a focus of AEDP’s grand campaign.
The report also showed that 47% of businesses that received grants were white-owned, followed by 21% as Asian-owned businesses. Black-owned businesses in Alexandria comprised 11% of grant funding, and Hispanic or Latino-owned only 8%.
Overall, the report also took stock of the pandemic’s devastating impact on local businesses:
- 81% of small businesses reporting very-to-extreme disruptions to business operations
- 77% of small businesses reporting year-over-year revenue declines
- 9.9% Alexandria unemployment rate in April 2020 (an increase of 7.9% from April 2019)
- $30.2M projected loss of business and consumer-based tax revenue in the City
Photos via AEDP
Recent Stories
At a town hall meeting last Sunday, most City Council members said — in no uncertain terms — that they are opposed to a ward system in Alexandra. Currently, all…
Alexandria is bracing for a federal government shutdown at midnight on Sunday (Oct. 1). The city is preparing a package of services for impacted city residents, should Congress not come…
Shuttles are running between the Potomac Yard Metro station and National Airport Metro station after a derailment this morning. Washington Metropolitan Area Transit Authority (WMATA) said there were no injuries…
Just Listed includes a 1 BD/1 BA freshly painted condo with an in-unit washer/dryer, hardwood floors and built-in cabinetry.
If you had a chance to enhance a child’s future with a time commitment of less than 2 hours a week, how would you respond? You have that opportunity right now to join over 200 Alexandrians as a reading tutor volunteer with the Alexandria Tutoring Consortium (ATC).
ATC tutors work with one child in kindergarten, first, or second grade in Alexandria public schools who need extra help with reading. Tutors meet with their Book Buddy 1-2 times each week for 30 minutes October-May at school, during school hours. Many struggling readers only receive one-on-one instruction through this program, and it makes all the difference. Last year, ATC served 195 children, of whom 82% ended the year reading on grade level and 96% made substantial reading gains. But the need is great, and we are still seeing learning lags from the pandemic.
This year, ATC plans to significantly increase the size of the program to reach over 250 students and to serve every elementary school in Alexandria. This is very exciting news, but we will only succeed if we can recruit more tutors. ATC trains you, matches you with a child, and provides ongoing lesson materials and support.
If you have been thinking about buying your first home or haven’t owned one in the last three years, THIS IS FOR YOU!
In the DMV area, it can be difficult to save the downpayment necessary for you to get into your own home. We have a solution. The Funder’s Summit!
We have assembled a summit with different municipalities to tell you how to access their funds for your home purchase.
2023 Alexandria Fall Festival
Food trucks, bounce houses, pony rides, magic shows and more at the 2023 Alexandria Fall Festival, an Alexandria Living event presented by The Patterson Group. Join us at River Farm on Sunday, Nov. 5 from 11 a.m. – 4 p.m.
