Industrial Bank has earmarked $80,000 in the form of five grants that will help local small businesses get a leg up on the competition. The grants will include four Enterprise Awards, each in the amount of $15,000, and one President’s Award in the amount of $20,000. "The benefits for receiving this grant are endless and we, along with our partners, came up with this strategy hoping that it would make a significant difference in advancing companies from our community forward," said Industrial Bank President B. Doyle Mitchell, Jr. "It’s a shot in the arm for a business whose revenue totals less than $1 million annually... Entrepreneurship is growing in and around the District and we believe that a lot of new jobs will come from start-up companies."