D.C. economic development plan unveiled

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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.”

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