Anacostia Economic Development Corporation

What Anacostia Economic Development Corporation does

Anacostia Economic Development Corporation (AEDC) is a 501(c)(3) Community Development Corporation established in 1969 and headquartered at 1800 Martin Luther King Jr. Ave S.E. in Washington, D.C. AEDC's mission is to address the economic needs of District of Columbia residents, with a focused service area in the Anacostia/Far Southeast community East of the Anacostia River (Wards 7 & 8). The organization operates an integrated portfolio of small business services, real estate development, workforce development, and community revitalization programs. Core assets include the AEDC Small Business Development Center (AEDC-SBDC), a host institution of the DCSBDC Network administered by Howard University School of Business; the Storefront Facade Improvement Program (75% matching grants in Wards 7 & 8); Urban Food Hubs in partnership with UDC CAUSES; the Anacostia Business Improvement District (ABID); and the Albert R. 'Butch' Hopkins Memorial Scholarship Foundation.

AEDC generates revenue through a hybrid non-profit model. Primary funding comes from government grants and pass-through programs administered by the DC Department of Housing and Community Development (DHCD), the U.S. Small Business Administration (via the DCSBDC Network), and corporate support from Capital One. All small business consulting services are provided free of charge to DC-based businesses and residents. The for-profit subsidiary Anacostia Holding Company, Inc. (AHC), incorporated in 1981, holds limited-partnership interests in major real estate developments including the Washington Portals (over 1.5 million square feet of office and retail completed at a total cost exceeding $1.5 billion), Republic Square (600,000 sq ft GPO office), Knox Hill Village (109 affordable townhomes), and is currently developing the 252-unit St. Elizabeths East Campus affordable rental housing project with Flaherty & Collins. AHC also holds one-third ownership of Eastcoast Development Corporation (EDC), a real estate joint venture with TELACU and Commonwealth Holding Company.

AEDC's customer base consists of hundreds of small business owners annually (per SBDC reporting), spanning administrative services, facilities/cleaning, electrical, food and beverage, real estate, beauty/personal care, transportation, and consulting. Underlying "technology" is not applicable; service delivery is human-consultant-led. Notable development partnerships include Anacostia Manufacturing & Development (AMD), a for-profit joint venture with North American Telecommunications, Inc. (NATI) providing electrical installation, LED lighting assembly, construction, and training services. The organization is led by President & CEO Stanley Jackson, with Carlynn Fuller, Esq. as VP of Operations/General Counsel, Crystal Johnson as Comptroller, Thomas Turner as Director of Small Business, Ashley Brown as Executive Assistant/Program Coordinator, and William Hague as VP of Business Development for AHC.

Name

Anacostia Economic Development Corporation

Legal name

Anacostia Economic Development Corporation

Website

https://www.anacostiacdc.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

Anacostia Economic Development Corporation (AEDC) is a 501(c)(3) Community Development Corporation founded in 1969, serving Washington, D.C.'s Anacostia/Far Southeast community (Wards 7 & 8) with free small business consulting, real estate development, workforce training, and commercial revitalization programs through subsidiaries including AHC and AMD.

Ownership category

akta.pro rank

Product category

Community Development Services

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (925), Administration of Housing Programs (925110), Grantmaking and Giving Services (81321)

SIC

Services-Membership Organizations (8600), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industry

Local Entity Setup & Expansion Advisory (Market Entry, Subsidiary Formation) (BPACAHAM)

Keywords

• Community development services
• Small business consulting
• Affordable housing development
• Commercial revitalization programs
• Workforce development services

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Government Grants and Program Funding: AEDC operates as a non-profit Community Development Corporation funded primarily through government grants and programs. The Small Business Development Center receives funding from the DC Department of Housing and Community Development (DHCD) and is supported in part by the U.S. Small Business Administration through the DCSBDC Network administered by Howard University School of Business. Capital One also provides funding support.
2. Real Estate Development: AEDC and its subsidiaries (Anacostia Holding Company) generate revenue through real estate development ventures including office buildings, shopping centers, and residential projects. Partnerships include Washington Portals office project, Republic Square office project, and Knox Hill Village residential project.
3. Construction and Workforce Development Services: Anacostia Manufacturing & Development (AMD), a for-profit venture between AHC and NATI, provides security & electrical installation, LED lighting fixture assembly and installation, training, and general construction activities to create employment pathways for underutilized DC residents.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

AEDC is a Community Development Corporation that provides free small business consulting and training through its AEDC/SBDC, administers a Storefront Facade Improvement matching grant program, and operates real estate development, construction, and urban food hub projects through its subsidiaries to drive economic development in Washington, D.C.'s Anacostia/Far Southeast community.

Product overview

Anacostia Economic Development Corporation (AEDC) is a Community Development Corporation established in 1969 to improve economic conditions in the Anacostia/Far Southeast community of Washington, D.C. The organization operates as a portfolio of interconnected programs and subsidiaries rather than a unified technology product. Core services include the AEDC Small Business Development Center (providing free business counseling, workshops, and plan development), the Storefront Facade Improvement Program, and Urban Food Hubs in partnership with UDC. Subsidiaries include Anacostia Holding Company (real estate development), Anacostia Manufacturing & Development (construction and electrical services), and Anacostia Regional Center (EB5). The organization also runs the Albert R. 'Butch' Hopkins Memorial Scholarship Foundation and initiated the Anacostia Business Improvement District (ABID).

Differentiator

Problem solved

Functional benefit

Products and services

• AEDC Small Business Development Center (AEDC/SBDC) A business consulting and training center affiliated with the DC SBDC Network providing free management and technical assistance to District of Columbia small businesses.
• Small Business Start-up & Counseling Services Tailored consulting services partnering with entrepreneurs to develop strategic solutions for business growth and long-term success.
• Business Plan Development Expert guidance in business planning from market analysis to financial projections and operations to build investor-ready plans.
• Small Business Workshops Expert-led sessions and specialized events providing practical knowledge in finance, marketing, and compliance.
• Storefront Facade Improvement Program A matching grant program providing 75% funding for storefront renovations in Wards 7 & 8, including repairs, doors, windows, signs, and lighting.
• Urban Hydroponic Gardens (Urban Food Hubs) Partnership with UDC College of Agriculture to construct Urban Food Hubs featuring food production, preparation, distribution, and waste/water management for underserved neighborhoods.
• Anacostia Manufacturing & Development (AMD) A for-profit venture between AHC and North American Telecommunications providing security & electrical installation, LED lighting fixture assembly, training, and general construction activities.
• Anacostia Business Improvement District (ABID) A business improvement district providing safety ambassadors, street cleaning, maintenance, beautification, and transportation services for the Anacostia commercial district.
• Albert R. 'Butch' Hopkins Memorial Scholarship Foundation Scholarship program providing college scholarships to deserving seniors of Anacostia and Ballou High Schools, including an annual golf tournament fundraiser.
• Storefront Facade Improvement Grants (Commercial Revitalization) 75% matching grant funding for commercial storefront renovations in Wards 7 & 8 of Washington, D.C.

Quantifiable outcome

• Hundreds of small business owners receive free business counseling, training, and support annually through AEDC/SBDC
• +5 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and major.

• Anacostia Business Improvement District (ABID) Founding MemberscoreStrategic or Co-development Partner · 1 January 2012AEDC initiated the formation of ABID with founding members including The Salvation Army, ARCH Development Corporation, Douglas Development Corporation, Curtis/Four Points, LLC, and Anacostia Gateway, L.L.C. ABID was approved by District government in February 2012 with potential to employ 20 East of the River residents in safety, cleaning, maintenance, beautification and transportation roles.
• University of the District of Columbia (UDC) College of Agriculture, Urban Sustainability and Environmental Sciences (CAUSES)coreStrategic or Co-development PartnerAEDC partnered with UDC CAUSES to build capacity in underserved neighborhoods by constructing Urban Food Hubs in Washington, DC. The partnership includes three (3) Urban Food Hubs at UDC Van Ness Campus, Bertie Backus Campus, and P.R. Harris Educational Campus, with two additional Food Hubs in pre-development phase. Food Hubs include four components: food production, food preparation, food distribution, and waste and water management.
• North American Telecommunications, Inc. (NATI)coreStrategic or Co-development PartnerNATI partnered with Anacostia Holding Company (AHC) to form Anacostia Manufacturing & Development (AMD), a for-profit LLC. The venture's goal is to create and sustain pathways for underutilized DC residents to build skill sets and achieve higher paying long-term employment. AMD provides security & electrical installation, LED lighting fixture assembly and installation, training, and general construction activities.
• TELACU Development CompanycoreStrategic or Co-development PartnerTELACU Development Company partnered with Anacostia Holding Company (AHC) and Commonwealth Holding Company to establish Eastcoast Development Corporation (EDC), a for-profit real estate development company. Each of the three entities owns an equal one-third interest in EDC. EDC became a general partner in Portals Development Associates, Limited Partnership.
• Commonwealth Holding Company, Inc.coreStrategic or Co-development PartnerCommonwealth Holding Company partnered with Anacostia Holding Company (AHC) and TELACU Development Company to establish Eastcoast Development Corporation (EDC). Each entity holds equal one-third ownership. EDC is involved in major DC real estate developments including the Washington Portals.
• Howard University School of Business / DCSBDC NetworkcoreStrategic or Co-development PartnerIn 2001, AEDC/SBDC became a 'host institution' of the Washington DC Small Business Development Center Network (DCSBDC Network), administered by Howard University School of Business and supported in part by the U.S. Small Business Administration. The DCSBDC Network is an affiliate of 63 such networks nationally.
• Flaherty & Collins Real Estate DevelopersmajorStrategic or Co-development PartnerAEDC partnered with Flaherty & Collins Real Estate Developers for the St. Elizabeths East Campus residential project currently under development with 252 units of affordable rental housing and over 14,000 square feet of supportive community facility space.
• Development Resources, Inc. (DRI)majorStrategic or Co-development PartnerAEDC joined with DRI in a joint venture known as Anacostia Gateway, L.L.C. (AGLLC) to develop a 63,000 square foot building in 2007, leasing approximately 50,000 square feet to DHCD for relocation to Anacostia.
• Republic Square Limited PartnershipmajorStrategic or Co-development PartnerAHC holds a limited partnership interest in Republic Square LP which developed a 600,000 square foot office development at the Government Printing Office (GPO) site. AEDC provided LSDBE tracking and reporting on behalf of the partnership.
• Knox Hill Village Limited PartnershipmajorStrategic or Co-development PartnerAEDC and AHC joined the Knox Hill Village Limited Partnership to develop 109 affordable semi-detached and detached town homes in the Buena Vista Terrace area of Far Southeast, Washington, DC.
• Portals Development Associates, Limited PartnershipmajorStrategic or Co-development PartnerAHC through its ownership of EDC is a general partner in Portals Development Associates LP, sponsors of the continuing development of the Washington Portals sites in Southwest Washington, DC. Over 1.5 million square feet of office and retail development has been completed with an additional 500,000 square feet at a total cost exceeding $1.5 billion.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• East Los Angeles Community Union (TELACU): TELACU is one of AEDC's actual joint venture partners through Eastcoast Development Corporation (each holds one-third) and operates a near-identical Community Development Corporation model founded in 1968 serving East Los Angeles. It combines housing, business lending, workforce, education, and asset-management subsidiaries — making it the most directly comparable peer.
• Bedford Stuyvesant Restoration Corporation: Founded in 1967 as one of the original CDCs in the US, Restoration serves central Brooklyn with housing, commercial revitalization, workforce, and small business programs. Directly comparable to AEDC in founding era, urban community-development mission, and integrated program structure.
• BRIDGE Housing Corporation: Mission-driven nonprofit developer of affordable and mixed-income housing with community development programs in California and the Pacific Northwest. Comparable to AEDC's Anacostia Holding Company and affordable housing development activity at Knox Hill Village and St. Elizabeths East Campus.
• Capital Impact Partners: Community Development Financial Institution (CDFI) providing loans, grants, and capacity-building to community development projects including affordable housing, health care, and small business. Comparable to AEDC's SBDC small business support and affordable housing development pipeline.
• Structured Employment Economic Development Corporation (SEEDCO): National nonprofit providing workforce development, small business services, and economic opportunity programs in underserved urban communities. Comparable to AEDC's SBDC small business counseling, workforce training, and certification support activities.

Broad incumbents

• Local Initiatives Support Corporation (LISC): LISC is the largest US community development support organization, deploying capital and technical assistance to CDCs and affordable housing developers nationwide. Comparable to AEDC in mission and core SBDC/development work but operates at substantially greater national scale and capital-deployment scope.
• Enterprise Community Partners: Enterprise combines affordable housing development, real-estate-backed capital deployment, and community development programs across dozens of US markets. Comparable to AEDC's integrated development and community-development model but at much larger national scale with substantial programmatic funding streams.
• National Urban League: Historic civil rights and economic empowerment organization with national small business development, workforce, housing, and financial empowerment programs. Comparable to AEDC's community economic development work but operates at national scale across 90+ affiliates.

Emerging players

• The Resurrection Project: Chicago-based CDC building community wealth in Latino neighborhoods through housing, small business, civic engagement, and place-based economic development. Comparable to AEDC in mission-driven integrated model but operates at earlier stage and in a different geographic market.

Regional players

• Midtown Indianapolis Community Development Corporation: Midtown CDC in Indianapolis delivers an integrated portfolio of housing, commercial revitalization, small business support, and community programs serving an urban core neighborhood. Comparable in structure to AEDC but serves a different Midwestern geography without direct market overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Anacostia-Economic-Development-Corporation-218750184850544
• LinkedInlinkedin.com/company/anacostia-economic-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anacostia Economic Development Corporation