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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 ...
Empowerment zone designations were set to expire at the end of 2011, but were extended until December 31, 2013 after President Barack Obama signed into law the American Taxpayer Relief Act of 2012. Under rules from the Internal Revenue Service , all Empowerment Zone designations were extended unless they actively requested not to be extended.
Urban enterprise zone. An urban enterprise zone is an area in which policies to encourage economic growth and development are implemented. [1] Urban enterprise zone policies generally offer tax concessions, infrastructure incentives, and reduced regulations to attract investments and private companies into the zones. They are a type of special ...
Renewal community. Renewal Communities (RCs) and Empowerment Zones (EZs) are distressed urban and rural communities in the United States where qualifying businesses are eligible for billions of dollars in tax incentives. They were created in the Community Renewal Tax Relief Act of 2000, which was eventually passed as part of the Consolidated ...
The District of Columbia statehood movement is a political movement that advocates making the District of Columbia a U.S. state, to provide the residents of the District of Columbia with voting representation in the Congress and complete control over local affairs . Since its establishment by the "District Clause" in Article I, Section 8 ...
The eight wards each elect a member to the Council of the District of Columbia and are redistricted every ten years. As the nation's capital Washington, D.C.'s local neighborhood history and culture is often presented as distinct from that of the national government.
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 ...
In 2020, the District had a population of 689,545 people, with a resident density of 11,515 people per square mile. [1] The District of Columbia had relatively few residents until the Civil War. The presence of the U.S. federal government in Washington has been instrumental in the city's later growth and development.