McDuffie Introduces Bill to Help Long-Term Businesses Stay in DC.

McDuffie Introduces Bill to Help Long-Term Businesses Stay in DC.

Press Release
Councilmember Kenyan R. McDuffie Introduces Bill to Help Long-Term Businesses Stay in DC The ‘Affordable PLACE Act’ seeks to address the problem of long-term local businesses – many owned and operated by people of color – from being priced out of DC. The legislation would create a ‘Legacy Business’ certification, provide for grants and tax abatements to legacy businesses and/or landlords Washington, DC – Today, Councilmember Kenyan R. McDuffie, Chair of the Committee on Business and Economic Development introduced the Protecting Local Area Commercial Enterprises (P.L.A.C.E.) Amendment Act of 2019 or the ‘Affordable PLACE Act’ [B23-432]. The bill supports both legacy and small local businesses by providing technical and financial assistance, incentivizing landlords to enter into or renew leases with legacy businesses, and creating protections to commercial tenants as they…
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