Deputy Mayor for Planning and Economic Development Technology Incubator Grant Emergency Act of 2024

This bill authorizes the Deputy Mayor for Planning and Economic Development to provide emergency grant funding to Capital Factory, a technology incubator located in the District of Columbia. The legislation allocates $500,000 for Fiscal Year 2024 and an additional $1,500,000 for Fiscal Year 2025 to support the incubator's operations. As an emergency act, the funding is intended to be disbursed quickly without the standard administrative delays and will remain in effect for no longer than 90 days.