Chemonics, EAB Global score tax breaks from D.C. Council

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.


Previous After late career change, Cortner thriving in real-estate business
Next Exclusive: Bay Area tech tenants doubled real estate footprint in the last decade

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *