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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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Earn Incentives as You Hire

The Work Opportunity Tax Credit reduces the federal tax liability of private-for-profit, and, in some instances, nonprofit employers hiring new employees from eligible target groups(individuals who have consistently faced significant barriers to employment)

This program helps reduce the cost of doing business by decreasing federal income tax liability by $1,200 to $9,600 per employee. There are no limit to the number of new hires you may claim. Employers may hire eligible employees from these target groups:

  • Unemployed veterans, including disabled veterans
  • Temporary Assistance for Needy Families (TANF) recipients
  • Food stamp (SNAP) recipients
  • Designated community residents living in Empowerment Zones or Rural Renewal Counties
  • Vocational rehabilitation referred individuals
  • Ex-felons
  • Supplemental security income recipients
  • Summer youth employees living in Empowerment Zones
  • Qualified long-term unemployment recipients

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Transforming Emerging Corridors with Great Streets

Existing and new small businesses may be eligible for Great Streets Small Business Grants ,which awards competitive grants of up to $50,000 per small business.

The Small Retailer Property Tax Relief Credit provides qualifying DC small businesses up to$5,000 in tax relief. Eligibility information can be found at the Office of Tax & Revenue.

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Retail with Real Incentives

Through the Supermarket Tax Incentive, D.C. waives certain taxes and fees to supermarkets that locate in specific neighborhoods. Qualifying companies receive these benefits for 10 years:

  • Real property tax exemption
  • Business license fee exemption
  • Personal property tax exemption
  • Sales and use tax exemption on building materials necessary for construction

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Reduce Your Business Footprint and Costs

Building owners earn a rebate of $10 per square foot (up to $15 per square foot in targeted sub-watersheds) when they use green, vegetated roofs to manage storm water. Owners of all sizes–residential, commercial and institutional–are encouraged to apply, and there is no cap on project size. There are a lot more Green incentives. DC is a leader in “green” incentives.

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Reducing Financial Burdens of Capital Projects

The District of Columbia Revenue Bond Program provides below-market interest rate loans to help lower the costs associated with capital projects. Bonds may be used to assist in financing:

  • Construction and renovation of a building
  • Equipment acquisition
  • Land and building acquisition
  • Tenant improvements

501(c)(3) nonprofit organizations and developers of public-school facilities are eligible for tax-exempt bond financing. Businesses that qualify as manufacturers are eligible for up to$10 million of revenue bond financing. Projects eligible for funding include:

  • Healthcare and/or health facilities
  • Housing
  • Transit and utility facilities
  • Recreational facilities and/or sports, convention and entertainment facilities
  • Manufacturing
  • Elementary, secondary, college and university facilities
  • Student loan programs
  • Pollution control facilities
  • Industrial and commercial development.

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