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Business Incentives

Washington, D.C. Business Incentives. David Zipper David.Zipper@dc.gov. Many Resources Available to District Businesses. CAPCO’s. Venture funding for District-based businesses poised for growth. Small Business Resource Center. Assistance navigating the District’s business regulations.

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Business Incentives

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  1. Washington, D.C. Business Incentives David Zipper David.Zipper@dc.gov

  2. Many Resources Available to District Businesses • CAPCO’s Venture funding for District-based businesses poised for growth • Small Business Resource Center Assistance navigating the District’s business regulations • E-BIC Free assistance with starting your District-based business • Dept. of Employment Services No-cost assistance with hiring and training employees • Business Incentives Designed to build tax base and create jobs for District residents

  3. Five Business Incentives Discussed Today NET 2000 Supermarket Tax Credit Nonprofit Tax Abatement Enterprise Zones Industrial Revenue Bonds One-page overviews available for each incentive

  4. NET 2000– Benefits for High Technology Companies NET 2000 Supermarket Tax Credit Nonprofit Tax Abatement • 10-year abatement on personal property taxes • Reduction of franchise tax from 9.975% to 6%; elimination of tax for 5 years in some cases • Relocation reimbursements up to $7,500 per person • Wage reimbursement up to $5,000 per person hired Enterprise Zones Industrial Revenue Bonds

  5. Supermarket Tax Credit NET 2000 Supermarket Tax Credit Nonprofit Tax Abatement • 10-year abatement on real property taxes • 10-year abatement on personal property taxes • Abatement of sales and use taxes during construction • 10-year exemption from license feess Enterprise Zones Industrial Revenue Bonds

  6. Nonprofit Tax Abatement NET 2000 Supermarket Tax Credit Nonprofit Tax Abatement • 10-year abatement on property taxes for qualifying 501(c)3 or (c)6 organizations • Available to groups that lease or purchase space • Limited to Anacostia, Capitol Riverfront, Minnesota-Benning, Mount Vernon Triangle, and NoMa, Enterprise Zones Industrial Revenue Bonds

  7. DC Business Incentives Map www.dcbiz.dc.gov Identify available business incentives at a specific address See owner and zoning for each parcel Find eligible areas for each business incentive

  8. For More Information… David Zipper Director of Business Development and Strategy Office of the Deputy Mayor for Planning and Economic Development (202) 615-2397 david.zipper@dc.gov www.dcbiz.dc.gov

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