D.C.

D.C. economic development plan unveiled

Comment
Decrease Increase Text size

D.C. officials have unveiled the city’s new five-year economic development strategy, aimed at bringing 100,000 new jobs and $1 billion in tax revenue to the District.

The District’s economic development plan, released Wednesday, includes:

• Create the most business-friendly economy in the nation;
• Grow the largest technology center on the East Coast;
• Be the nation’s destination of choice;
• End retail leakage;
• Develop a best-in-class global medical center; and
• Become the top North American destination for foreign investors, businesses and tourists.

Officials say these visions are tied to 52 initiatives, and D.C. businesses and universities will play a key role in implementing them.

“My vision for the District is to develop a New Economy that is creative, diversified and capable of preparing our residents to compete in the global marketplace – and this strategy will take us well on our way to achieving that goal,” Mayor Gray said in a statement. “I want to thank the private-sector leaders, members of our university community and D.C. government staffers who helped put this strategy together, because it will leave an indelible mark on our economic future.”

Would you like to contribute to this story? Join the discussion.

Recommended For You
comments powered by Disqus