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GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Business Incentives.

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Presentation on theme: "GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Business Incentives."— Presentation transcript:

1 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Business Incentives David Zipper David.Zipper@dc.gov W ASHINGTON, D.C.

2 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 poised for growth Small Business Resource Center Assistance navigating the District’s business regulations E-BIC Free assistance with starting your District-based business 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

3 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 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 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 NET 2000– Benefits for High Technology Companies NET 2000 Supermarket Tax Credit Nonprofit Tax Abatement Enterprise Zones Industrial Revenue Bonds 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

5 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 NET 2000 Supermarket Tax Credit Nonprofit Tax Abatement Enterprise Zones 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 feess

6 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 Nonprofit Tax Abatement NET 2000 Supermarket Tax Credit Nonprofit Tax Abatement Enterprise Zones Industrial Revenue Bonds 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,

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

8 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… 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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