The D.C. Council on Tuesday approved a $5.2 million property tax break for Chemonics, handing a victory to the for-profit international aid company that plans to consolidate its headquarters in a new office building at The Yards.
The Local Jobs and Tax Incentive Amendment Act of 2018, approved 10-3, also gives EAB Global Inc., a educational spinoff of The Advisory Board Co., a 10-year real property tax abatement of $2.1 million annually beginning in fiscal 2021. That equates to $21 million.
