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LivingSocial Falls Short of D.C. Tax-Break Requirements

10-7-lsLivingSocial has neither the manpower nor office size to qualify for tax breaks in the District of Columbia.

The Georgetown-based deals giant could be qualifying for $32.5m in D.C. Council-approved tax breaks – originally designed to keep the company in the area – if only it hadn’t made so many layoffs.

At the time of the tax package’s approval, LivingSocial seemed on track to fulfill the requirements, but smart-sizing gradually took its toll.

To qualify for the breaks, LivingSocial would need at least 1,000 D.C.-based employees, as well as a local headquarters measuring 200,000 square feet.

A slew of layoffs over the past year has cut the company’s D.C. workforce down to 602, only 244 of whom are residents of the District.

Georgetown Patch

Jason Campbell

Jason Campbell is a Junior Editor @ Daily Deal Media
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