Accomplishments

• ERCDC was selected to be one of eight nonprofit organizations out of 500 nonprofit organizations in the DC Metropolitan area to participate in Community Wealth Ventures, a project that assists non profits build successful revenue-generating enterprises that support their mission funded by the Fannie Mae Foundation and the Meyer Foundation.

• In our service as a US Small Business Administration (SBA) micro loan intermediary ERCDC:
  • Loaned more than $500,000
  • Created/retained 122 jobs
  • Generated $600,000 in taxes
  • Provided 700 hours of post-loan technical assistance
• Housed the first state-of-the-art Business and Technology Resource Center in the neighborhood. Small business owners and young entrepreneurs in the community have been able to:
• Create marketing materials
• Develop business plans
• Bid on contracts
• Access the Internet

Community Building

Youth Programs and Services

• Twenty-six young adults received computer instruction through the Youthnet computer program
• Thirty-six young people were introduced to potential careers in landscaping and worked to beautify their community through ERCDC's Corridor Beautification Program
• Fourteen youth completed the ERCDC/NFTE BizCamp and operated Triple Fresh (Produce, Pride & Promise), a produce business that served fresh sweet corn and melons at 2 neighborhood farmer's markets
• In partnership with the Metropolitan Police Boys & Girls Club, ERCDC created a College Information & Resource Center that provides young people in the community access to college related information after school hours.
• In partnership with Olympic Chess House, ERCDC conducted a Summer Chess Camp and chess tournament at the Metropolitan Police Boys & Girls Club (#11).

• Provided training/technical assistance to over 60 individuals interested in creating their own nonprofit organization
• Provided over 60 future business owners with training and technical assistance in starting their own business.

Affordable Housing Production

• Multi-family housing renovations yielded 170 units
• The construction/renovation and sale of seven single family homes
• Phase I, of III, fifty-six town home project completed
• Phase II of town home project in progress
• Renovation underway of seventy-seven unit condominium project
• Land acquisition completed for twenty-one single family homes

• Completed construction of Plaza 8 - ERCDC headquarters -- 1st and 2nd Floor leased by Children's National Medical Center