A business enterprise shall be eligible for certification as a local business enterprise if the business enterprise: Has its principal office located physically in the District of Columbia; 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; Can demonstrate one of the following: More than 50% of the employees of the business enterprise are residents of the District; The owners of more than 50% of the business enterprise are residents of the District; More than 50% of the assets of the business enterprise, excluding bank accounts, are located in the District; or More than 50% of the business enterprise’s gross receipts are District gross receipts; and Can demonstrate one of the following: The business enterprise is licensed pursuant to Chapter 28 of Title [47]; The business enterprise is subject to the tax levied under Chapter [18] of Title 47; or 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.
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