Search results
Results from the WOW.Com Content Network
The empowerment zone employment credit provides businesses with an incentive to hire individuals who both live and work in an empowerment zone. (An exception applies to the Washington, DC empowerment zone. Individuals who work in the Washington, DC empowerment zone may live anywhere in the District of Columbia.) You can claim the credit if you ...
The Washington metropolitan area, also referred to as the D.C. area, Greater Washington, the National Capital Region, or locally as the DMV (short for District of Columbia, Maryland, and Virginia), is the metropolitan area centered around Washington, D.C., the federal capital of the United States. The metropolitan area includes all of ...
The economy of the Washington metropolitan area includes the economy of Washington, D.C., and its suburbs, including parts of Maryland, all of Northern Virginia, and Jefferson County, West Virginia. In 2022, the DC metro area had the country's fifth-highest gross metropolitan product, at $541 billion. [1]
Under rules from the Internal Revenue Service, all Empowerment Zone designations were extended unless they actively requested not to be extended. [ 5 ] On June 11, 2013, Senator Jay Rockefeller (D-WV) introduced the New Markets Tax Credit Extension Act of 2013 ( S. 1133 ), which would make one component of the Community Renewal Tax Relief Act ...
HUBZone. HUBZone is a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Under-utilized Business Zones (HUBZones). The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998. [1] Based on the Act, small businesses will be ...
Three primary means were used: renewal communities, empowerment zones, and community development entities. [2] The bill also created the New Markets Tax Credit Program, which has been renewed several times and is still in effect. [3] One provision of the Community Renewal Tax Relief Act of 2000 was the creation of 40 "renewal communities". [2]
According to the United States Census Bureau, the city has a geographical area of 68.3 square miles (176.9 km 2), 61.4 square miles (159.0 km 2) of which is land, and the remaining 6.9 square miles (17.9 km 2) (10.16%) of which is water. The Anacostia River and the smaller Rock Creek flow into the Potomac River in Washington.
The area is designated by the Office of Management and Budget (OMB) as the Washington–Baltimore–Arlington, DC–MD–VA–WV–PA Combined Statistical Area. It is composed primarily of two major metropolitan statistical areas (MSAs), the Washington–Arlington–Alexandria, DC–VA–MD–WV MSA and the Baltimore–Columbia–Towson ...