business incentives
DESCRIPTION
Washington, D.C. Business Incentives. David Zipper [email protected]. 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. - PowerPoint PPT PresentationTRANSCRIPT
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
Business Incentives
David [email protected]
WASHINGTON, D.C.
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive 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
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive 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
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive 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
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive 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
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive 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,
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive 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
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive 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) [email protected]
www.dcbiz.dc.gov