Councilmember Jack Evans (D-Ward 2), who oversees the District’s tax code, called Mayor Vince Gray’s proposal to rewrite some high-tech incentives as a way of keeping daily-deals company LivingSocial based in Washington a “good start.”

Mayor Vince Gray is proposing a revamp of the District’s tax incentives for technology companies that would save LivingSocial $32.5 million between 2015 and 2020 in an effort to keep the comapny based in D.C.

Mayor Vince Gray said at a press conference today that in building the District’s trade relationship with China, the continuous building boom in the world’s second-largest economy could use the knowledge of D.C.’s tech sector.