In April, regional leaders came together for the Third Annual Roadmap for Greater Washington's Economic Future.
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Get follow site services at affordable rate in UK. We provide quality proofreading dissertation for college students by professional writers. Global Government Power Center. As our nationâ€™s capitol and the worldâ€™s number one government power center, the region is home to foreign governments and consulates, which enable top business leaders and cultures to connect regularly. This provides the region with a uniquely attractive business ecosystem.
Reinforcing this unique ecosystem are the regionâ€™s high quality of life, cultural diversity, world-class education centers, and its highly-educated and skilled workforce.
Seven advanced industrial clusters have been identified as well-positioned to accelerate the regionâ€™s economic growth over the coming decade.
If we reduce our historic dependence on federal spending and successfully diversify our economy across the advanced industrial clusters that are well-positioned to succeed here, the implications could be huge.
Challenges and Opportunities
The Roadmap findings have spurred high-level discussion about the best way to reposition and diversify our economy.
Regional leaders across a variety of sectorsâ€”business, government contracting, philanthropic, health, tech, and academicâ€”regularly convened over the course of this past year to discuss and debate the Roadmapâ€™s research findings. As a result, the coalition behind the Roadmap has identified and prioritized key challenges and opportunities necessary to move forward and set ourselves up to succeed in a globally competitive era.
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Improve the region’s mobility and connectivity. Consider the formation of a regional transportation authority to address our transportation issues.
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Identify solutions, such as a regional housing compact, to address housing affordability issues that negatively impact our quality of life and ability to attract and retain talent and businesses.
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Strengthen the collaboration between the academic and business communities to spur workforce development and ignite an entrepreneurial culture.
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Develop and promote a brand that advances the Washington region as a global business center.
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Institute region-wide collaboration on economic development efforts. Consider establishing a non-compete alliance to reduce poaching among local jurisdictions.
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The Roadmap has awakened the spirit of regional collaboration across the District, Maryland, and Virginia and has created a strong cross-sector coalition that will be the backbone behind the economic development of the region for years to come.
This coalition has already begun to move the bold, game-changing initiatives coming out of the Roadmap forward and has established working groups that will take a deeper dive into each initiative.
Roadmap Research Reports
- The Roadmap for the Washington Regionâ€™s Future Economy
- Roadmap for the Washington Regionâ€™s Economic Future: Seven Key Economic Clusters
- The Roadmap for the Washington Regionâ€™s Economic Future Growth Opportunities and Constraints: Perspectives from CEOs and High-Ranking Executives
- The Roadmap for the Washington Regionâ€™s Economic Future: A State and Local Level Economic
Greater Washington requires a world-class transportation system to remain competitive in a global economy.
Metro was once one of the regionâ€™s greatest assets, but today it is a growing liability. We can change that. Effective governance and dedicated, sustainable funding are needed in order to reverse this trend, improve operations, and restore Metro to the world-class system it was intended to be.