Tag Archives: DC

DC Startup Scene Continues to Attract Out-of-Town Venture Capital

As we noted in an article published last year, the DC metro area has become a hotbed for venture capitalists, entrepreneurs and technology companies. In fact, Philadelphia’s Osage Venture Partners recently announced Series A financing for Brazen, an enterprise-focused chat platform located in Arlington, Virginia. The Washington Business Journal’s Kasra Kangarloo interviewed OVP’s managing partner […]

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New Limitation to D.C. High Technology Tax Incentives (QHTC)

The D.C. Council recently enacted legislation that will result in a number of D.C. taxpayers no longer qualifying for certain high technology tax incentives. On October 10, 2014, the  Council narrowed the definition of “Qualified High Technology Company” (QHTC) with an amendment to the District’s Fiscal Year 2015 Budget Support Congressional Review Emergency Act of […]

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D.C. Tax Reform Passes After Council Overrides Mayor’s Veto

On July 14th, the District of Columbia Council voted 12 to 1 to override Mayor Vincent Gray’s veto of the District’s Fiscal Year 2015 Budget Support Act of 2014 (B20-0749).  The legislation includes tax rate decreases for both individuals and businesses, as well as the heavily publicized “yoga tax” (i.e., sales tax on health club […]

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D.C. Moves Closer to Significant Tax Reform

On June 24, 2014, the District of Columbia Council will have its second vote on the District’s fiscal year 2015 budget (Fiscal Year 2015 Budget Support Act of 2014, B20-0750), which includes tax rate decreases for both individuals and businesses. The reduced tax rates, and a number of other tax reform items, were last minute […]

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Incubators, Accelerators and Helping Entrepreneurs

In the DC Metro area, Montgomery County recently announced it was closing one of the region’s largest biotech incubators to open a cybersecurity center.  Fortify Ventures recently announced it was closing its DC-based accelerator, “The Fort,” after accelerating 17 tech companies over the last several years to focus on growing and running their venture fund, […]

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