Washington, DC, is a business-friendly city, offering great opportunities for companies to prosper as well as a competitive market for workers to find secure and good-paying jobs. As an economic hub, the District is home to government-related industry, technological innovation and an expanding knowledge sector.
The District’s unique economic climate has drawn international attention and national accolades, bringing city to the forefront:
- #1 City for Women in Tech, Forbes 2017
- #1 Restaurant City, Bon Appetit 2016
- #1 Coolest City, Forbes 2014
- #1 Best City for Tech, SmartAsset 2016
- #1 for Women’s Employment and Earnings, 2016
- 1st LEED Platinum City in the World
District businesses are the lifeblood of our community and everything we do is dedicated to delivering the capital those businesses value. The DC Chamber’s business retention and expansion initiatives help our members secure access to public and private sector resources they need to succeed.
DMPED is using economic data to drive positive change and build good government for District of Columbia residents. We focus on collecting and compiling information about our city, in particular on D.C.’s economic development priorities that create more pathways to the middle class: jobs, quality affordable housing, and community-focused development.
Want to learn more about the District? Check out the Office of the Deputy Mayor for Planning & Economic Development (DMPED) Economic Intelligence Dashboard.
Annual Economic Development Events
South by Southwest: The Washington, DC Economic Partnership (WDCEP) leads the District’s efforts to woo new businesses at the annual South by Southwest (SXSW) conference. The WDCEP, Mayor Muriel Bowser and various city partners come together to promote DC as the most inclusive city for innovation in tech, arts, sports, music and film.
International Council of Shopping Centers’ Real Estate Convention (RECon): Since 2001, Washington, DC Economic Partnership (WDCEP) has led Washington, DC’s retail attraction efforts at the RECon, which brings more than 30,000 real estate professionals from around the world together to look at potential retail development opportunities.
Current Areas of Expansion and Opportunity in the District:
Hill East, formerly known as Reservation 13, comprises 67 acres and is bounded by Independence Avenue Southeast on the north, 19th Street SE on the west, the Congressional Cemetery on the south and National Park Service land on the east. The District plans to redevelop 50 acres of Hill East to be transformed into a mixed-use urban waterfront community in accordance with the Hill East Master Plan approved by the DC Council in 2002. (5 million square feet; between $1 billion and $1.5 billion)
Poplar Point represents one of the last, large-scale sites for the District to redevelop in order to support the needs of a growing city and advance inclusive prosperity. At 110 acres, the land is prominently located on the east side of the Anacostia River and bordered by 11th Street Bridge, South Capitol Street Bridge and Interstate 295. The site has unique potential for signature waterfront development and highly productive mixed-use development. (3 million square feet; $500 million)
RFK Stadium Site plan is to restore and transform this space into a destination that provides benefits for our residents, their families and visitors alike. Short-term proposals include programmatic elements—Market Hall, RFK Memorial, pedestrian bridges, multipurpose fields and a sports and recreation complex. The long-term plan incorporates stadium concepts. (500,000 square feet; between $500 million to $2 billion)
Solar and Micro Grid Projects would be spread throughout the District, with the development of solar arrays, micro grid systems, integrated battery storage and other alternative energy solutions. These systems could be built on or at existing public facilities such as the District’s hundreds of acres of rooftop, brownfields, parking lots or in cooperation with private property owners. (Under construction; about $100 million)
St. Elizabeths East campus sits upon 183 acres atop the hills of Congress Heights. A former hospital for those with mental illnesses, St. Elizabeths is an iconic destination that presents a unique opportunity for innovative mixed-use development. (5 million square feet; between $200 million to $1 billion)
Former Walter Reed Army Medical Center calls for the preservation of several historic buildings, the addition of mixed-use and mixed-income residential housing, over 66+ acres of green space, support services for seniors and veterans, and will accommodate office, retail, medical and educational uses. (3.1 million square feet; $1 billion)
West Virginia Avenue Works campus will house all of the DC Department of Public Works facilities in a single campus located in the 1900-2000 blocks of West Virginia, Northeast. The project would include the design, build, finance and maintenance of this new campus. There could be additional opportunities for private activity such as residential, commercial and retail uses. (318,000 square feet; about $350 million)