Local Business Enterprise – A Local Business Enterprise must have its principal office physically located in the District of Columbia. DC requires that the LBE chief executive officer and the highest level managerial employees maintain their offices and perform their managerial functions in the District and that it is licensed pursuant to Chapter 28 of Title 47 of the DC Official Code, or that it is a business enterprise identified in 47-1808.01 (1) through (5) of the DC Official Code with more than 50% of the business owned by DC residents.