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A business enterprise shall be eligible for certification as a local business enterprise if the business enterprise:
(1) Has its principal office located physically in the District of Columbia;
(2) Requires that its chief executive officer and the highest level managerial employees of the business enterprise perform their managerial functions in their principal office located in the District;
(2A) Can demonstrate one of the following:
(A) More than 50% of the employees of the business enterprise are residents of the District;
(B) The owners of more than 50% of the business enterprise are residents of the District;
(C) More than 50% of the assets of the business enterprise, excluding bank accounts, are located in the District; or
(D) More than 50% of the business enterprise's gross receipts are District gross receipts; and
(3) Can demonstrate one of the following:
(A) The business enterprise is licensed pursuant to Chapter 28 of Title 47;
(B) The business enterprise is subject to the tax levied under Chapter 18 of Title 47; or
(C) The business enterprise is a business enterprise identified in § 47-1808.01(1) through (5) and more than 50% of the business is owned by residents of the District.
Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 2-218.31. Local business enterprises. - last updated January 01, 2020 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-2-218-31/
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