Bowser Administration Celebrates 25th Anniversary of V-Tech Solutions and Grand Opening of the Holt Building
The Bowser Administration celebrated V-Tech Solutions' 25th anniversary and the grand opening of the Holt Building in Ward 2. This $4. 5 million renovation, supported by over $929,000 in grants, will serve as V-Tech's headquarters and accommodate other local ventures like the Dripbar IV MedSpa and the Holt Family Foundation. Founded by Victor P. Holt, a US Air Force veteran, V-Tech is a Certified Business Enterprise that actively contributes to strengthening the DC economy.
Deputy Mayor Nina Albert stated that the funding programs are essential for local businesses to establish sustainable operations and create long-term job opportunities. Holt, also Vice Chair of the National HUBZone Council, advocates for policies to enhance small business development in underserved communities. The event underscores the District's strategy to invest in technology and entrepreneurship for economic resilience. Key investments include $2. 4 million for the Technology Ecosystem Fund and $52 million through the DC Venture Capital Program.
These initiatives aim to expand access to capital for early-stage businesses and help local entrepreneurs thrive.