Job growth tax credit eligibility.

The Mayor shall approve any job growth tax credits allowed by § 47-1807.52 if, during a credit period, a project shall: Bring a net job growth of at least 10 new jobs to the District of Columbia with an average yearly wage of at least 120% of the average yearly wage of residents of the District of Columbia; Increase income tax and payroll revenue for the District of Columbia; Result in the retention of any new positions proposed by the project for at least one year; and Be approved by the Mayor only if the project would not occur but for the job growth tax credit.