§ 2-1209.01. Purposes.

Current through October 23, 2012

In enacting this subchapter, the Council of the District of Columbia supports the following statutory purposes:

(1) To facilitate the establishment of 1 or more business incubators in the District of Columbia by offering the use of city-owned property, credit support for financing businesses in the incubator, and other incentives to ensure that tenant business costs for space and services are kept to a minimum; and

(2) To design business incubators to assist companies through the conceptual, start-up, and early growth stages of their businesses. The business incubator is not intended to serve merely as inexpensive quarters for established businesses.

                
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(Dec. 12, 1985, D.C. Law 6-71, § 2, 32 DCR 6334.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 1-2231.

Legislative History of Laws

Law 6-71, the "Business Incubator Facilitation Act of 1985," was introduced in Council and assigned Bill No. 6-205, which was referred to the Committee on Housing and Economic Development. The Bill was adopted on first and second readings on September 24, 1985 and October 8, 1985, respectively. Signed by the Mayor on October 18, 1985, it was assigned Act No. 6-95 and transmitted to both Houses of Congress for its review.