Small and Local Business Credit Enhancement Amendment Act of 2025

This bill establishes the Small and Local Business Credit Enhancement Program within DC's Department of Small and Local Business Development. It directly affects qualifying small and local businesses (over 98% of DC businesses) by providing rent guarantees to help them compete for commercial space. Key provisions include a 3-year rent guarantee: 100% coverage in year one, 50% in year two, and 25% in year three, contingent on businesses submitting required financial documents like tax returns and personal financial statements to qualify. The program aims to make small businesses more competitive with national chains and encourage developers to lease to local entrepreneurs.