ARLINGTON, VA—The Arlington County Board is reportedly considering expanding tax breaks it currently offers to large technology businesses to firms with less than 100 workers.
The Board is also expected to vote at its session on Saturday on whether to expand the eligibility for a technology company to qualify for the tax breaks. The ordinance lists a broad range of eligible businesses, but since it was last updated seven years ago firms in new sectors, such as social media, have been left out, according to Arlington Now.
“The fundamentals of the local real estate market have changed,” the staff report, prepared by Arlington Economic Development, states. “Today tenants may choose among more available spaces and sites than ever before. Large deals may come about, but more often an assortment of small and medium deals is required to fill buildings. In many cases, the smaller firms have the most growth potential. They are expanding in a variety of digital economy and creative enterprises such as e-democracy, social media and healthcare data services.” See story at Arlington Now.
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