Tax Breaks For Tech In The District

Tax Breaks For Tech In The District

The District is offering a $32.5 million tax deal to keep LivingSocial local, and while critics say it's a giveaway, others say it's key to nurturing a nascent tech industry.

It's the holy grail for a region aiming to develop a tech sector: a homegrown start-up skyrocketing to success. LivingSocial is now a big fish in the tech pond, and the District is offering a $32.5 million tax deal to keep them here. Critics say it's a giveaway with no guarantees for the city, while others say it's key to nurturing the industry. And the debate won't end with LivingSocial -- the D.C. Council votes Tuesday on a bill offering help and other tax breaks to tech start-ups.

Guests

Ed Lazere

Executive Director, D.C. Fiscal Policy Institute

David Zipper

Director, Business Development and Outreach, Office of the Deputy Mayor for Planning and Economic Development

DJ Saul

Chief Marketing Officer, iStrategy Labs

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The Kojo Nnamdi Show is produced by member-supported WAMU 88.5 in Washington DC.