(a) The Mayor shall define eligibility criteria for business incubators receiving public support. These criteria shall be stated in terms of business and economic development objectives, including, but not limited to, consideration of the following recommendations:
(1) The Mayor shall rank the types of businesses that would be eligible tenants.
(2) The Mayor shall rank-order the District government’s preferences in such a way that businesses with little job creation potential are ranked lower than those businesses which have more employment potential.
(3) The Mayor shall give priority to potential tenant businesses such as light industrial, research and development, and business services companies that are potential major contributors to job creation efforts in the District.
(b) To be an eligible tenant business for occupancy in a business incubator, a business shall be based and incorporated in the District, shall have its corporate headquarters and principal place of business located in the District, and shall not be a subsidiary of another business.
(Dec. 12, 1985, D.C. Law 6-71, § 4, 32 DCR 6334.)
1981 Ed., § 1-2233.
Structure District of Columbia Code
Title 2 - Government Administration
Chapter 12 - Business and Economic Development
Subchapter V - Business Incubator Facilitation
§ 2–1209.03. Eligibility criteria
§ 2–1209.04. Admissions policy
§ 2–1209.06. Mayor may contract for outside management
§ 2–1209.07. Priority to residents
§ 2–1209.08. First source employment agreement required
§ 2–1209.09. Maximum stay policy
§ 2–1209.10. Location of business incubators
§ 2–1209.11. Advisory Board established. [Repealed]
§ 2–1209.12. Duties of Advisory Board. [Repealed]