Dear <<First Name>>
On Wednesday, November 6, 10 am, the DC Council Committee on Business & Economic Development will hold a Public Hearing on the below Legislations. These acts could define DC’s priorities for small business development and shape our city for years to come.
Think Local First will be taking part in these hearings on Wednesday and would love for you to join us by testifying and/or attending. Testify before the DC Council on three proposed acts! You MUST sign up by COB Monday, November 4 email Brian McClure: firstname.lastname@example.org or call 202-727-3888.
B23-432, "Protecting Local Area Commercial Enterprises (PLACE) Amendment Act" Introduced by Councilmember McDuffie,
B23-438, “Small and Local Business Assistance Amendment Act of 2019” Introduced by Councilmember Charles Allen,
- Would create grants of up to $50,000 a year for businesses that have operated in DC for at least 10 years,
- Landlords who rent to small businesses would be eligible for a reduction in property taxes.
B23-439, “Longtime Resident Business Preservation Amendment Act of 2019” Introduced by Councilmember Allen,
- Would create a tax credit of 20 percent (max $10,000 a year) for the portion of a small business' rent that goes toward their landlord's property taxes,
- Landlords who rent to small businesses would receive a 10% (max $100,000) relief off the building's value when paying property taxes,
- The bill would create credit enhancement services for small businesses, including a program to provide rent guarantees to landlords who rent to small businesses (as opposed to larger, national chains)
If you are interested in coordinating your testimony with Think Local First DC or have any questions, please contact Che Ruddell-Tabisola (email@example.com) or Raj Aggarwal (firstname.lastname@example.org), TLF DC's Policy Committee.
- Would provide grants up to $1.5 million or low-interest loans up to $2 million for capital improvements for small businesses that have been operating in DC at least 20 years (15 years for smaller businesses),
- It would provide rent stabilization of up to 10 percent of the average commercial rent if the business is at risk of displacement.
We hope you will stay involved, helping to shape small business and local independent businesses and ensuring our city is a place where businesses can stay and thrive, and find new opportunities.
Think Local First DC