The objectives of this Association are:
To work as an advocate for its member businesses located along or in the area of the Georgetown
Promote a clean and healthy business friendly environment in which all businesses can grow and prosper
Georgetown Business Association Objectives
The Georgetown Business Association (GBA), established in 1976, is a non-profit membership organization committed to maintaining and improving the climate for conducting business in Georgetown. Members are offered opportunities to connect through events such as monthly networking receptions and various outreach initiatives.
The GBA also advocates on behalf of Georgetown businesses and professionals by monitoring legislation from the DC city council, actions from the ANC Board and relevant government and community organizations. Leaders and members actively attend and speak at hearings while engaging political figures to achieve an optimal business environment in Georgetown.
Frequently Asked Questions
We often hear, “I don’t live or work in the area can I still join?”
The answer is yes!
Any individual, association, corporation, partnership, limited liability company, or office of government having an interest in the objectives of the Association shall be eligible to apply for membership upon payment of applicable dues.
Is millennial entrepreneurship increasing?
Advocacy research shows that in 2014, millennials were less likely to be self-employed than older individuals. This research also shows that the rate of self-employment among individuals age 15 to 34 has been gradually declining since 1990. Source: “The Missing Millennial Entrepreneurs,” February 2016.
How are small businesses financed?
The most common source of capital to finance business expansion is personal and family savings (21.9% of small firms), followed by business profits and assets (5.7%), business loans from financial institutions (4.5%), and business credit cards from banks (3.3%).
How are most small businesses legally organized?
The majority of nonemployer establishments are sole proprietorships (86.4%), while only 14.4% of establishments at small employer firms are sole proprietorships. Nearly half of the establishments at small employer firms are S-corporations. Table 3 shows details.