Economic Incentives that Pay Off
Doing business in Washington, DC has its obvious perks – highly educated labor supply, global accessibility, and connections to influencers and policymakers. Companies choosing the District can contribute to the stable and diverse economy by optimizing their growth potential with the city’s attractive financial incentives.
New to DC or a long-standing business, you may be eligible for a variety of tax credits, small business grants, rebates, certifications, and access to special capital improvement financing to grow or expand your business. Explore the District’s additional benefits for investments in technology, sustainability, workforce, housing and retail.
We’ll help you find the right economic incentives to maximize resources, and together, create jobs to build an even stronger, more viable District of Columbia. Additional incentives can be found by downloading Washington, DC Business Incentives or by visiting incentives.dc.gov.
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High-Tech with High-ROI
As a high-tech hub, Washington, D.C. offers attractive credits, exemptions and other benefits to technology businesses.
- Thrive in DC includes a 0% corporate income tax rate for five years, then a reduction in the corporate income tax rate to6% for the following five years. It also provides an increased business expense deduction up to $40,000 for depreciable assets
- Grow in DC offers wage reimbursements of up to$15,000 annually (for 24 months) for each qualifying employee, a new hire retraining tax credit up to $20,000 per qualifying employee, and a 10-year tax exemption from the date of acquisition on personal property used for operating your business
- Move to DC offers relocation reimbursements up to $7,500 for each employee who relocates to the District and a five-year freeze on real property taxes for office improvements.
To be eligible, an individual or entity organized for profit must maintain an office, headquarters or base of operations in D.C. and have at least two employees in the district. At least 51% of revenue earned in D.C. must be from qualifying high-tech activities.
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