GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Business Incentives Jenifer Boss W ASHINGTON, D.C.

GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Many Resources Available to District Businesses CAPCO’s Venture funding for District-based businesses Small Business Resource Center Assistance navigating the District’s business regulations Business Incentives Designed to build tax base and create jobs for District residents Dept. of Employment Services No-cost assistance with hiring and training employees Business Incubators Flexible office space, technical assistance

GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Four Business Incentives Discussed Today DC Tech Incentives Supermarket Tax Credit Work Opportunity Tax Credit Industrial Revenue Bonds One-page overviews available for each incentive

GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development DC Tech Incentives– Benefits for High Tech Companies DC Tech Incentives Supermarket Tax Credit 5 year exemption from corporate income tax New hire credits up to $10,000 Relocation reimbursements up to $7,500 per person 10-year abatement on personal property taxes Exemption from sales tax on hardware and software purchases Work Opportunity Tax Credit Industrial Revenue Bonds

GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Supermarket Tax Credit DC Tech Incentives Supermarket Tax Credit Work Opportunity Tax Credit Industrial Revenue Bonds 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 fees

GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Industrial Revenue Bonds DC Tech Incentives Supermarket Tax Credit Work Opportunity Tax Credit Industrial Revenue Bonds Low interest loans for property acquisition and interior improvements Capital expenditures must exceed $2 million Available for 501 (c)(3) in the District of Columbia Available for manufacturers within the DC Enterprise Zone

GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Work Opportunity Tax Credit DC Tech Incentives Supermarket Tax Credit Work Opportunity Tax Credit Industrial Revenue Bonds Federal tax credit for employers who hire veterans Employers generally can earn a tax credit equal to 25% or 40% of a new employee's first-year wages The maximum tax credit ranges from $1,200 to $9,600 lt.cfm

GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development DC Business Incentives Map Find eligible areas for each business incentive Identify available business incentives at a specific address See owner and zoning for each parcel

GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development For More Information… Jenifer Boss Director of Industry Sectors, Business Development Unit Office of the Deputy Mayor for Planning and Economic Development