The Board of Trade’s advocacy, convening, and thought leadership activities support regional outcomes that will help Greater Washington grow and adapt for generations to come. The GWBOT Legislative Update shares legislation and policy insights from the Greater Washington region.
Author: Board of Trade
Executive Leadership Roundtable Recap: Leaders Respond to a Changing Economy
On May 9 at our Downtown D.C. office, the Greater Washington Board of Trade convened a candid Executive Leadership Roundtable with Tom Barkin, President & CEO of the Federal Reserve Bank of Richmond. This session brought together senior executives from across the region for an exchange on national economic trends, regional business conditions, and the future of our workforce and markets.
Our members brought candor, insight, and urgency to the conversation, reflecting the realities of leading through disruption. While the economic data offers mixed signals, business leaders are navigating real-time volatility in pricing, hiring, trade policy, and consumer behavior. The conversation underscored that conventional playbooks no longer apply in the same ways, and leaders must adapt to a system defined by speed, decentralization, and growing complexity.
Several recurring themes emerged:
- Persistent labor shortages—not just in volume, but in skills alignment
- Rising operating costs and uncertainty around tariffs, housing, and energy
- The growing impact of AI and automation across internal operations
- A shared desire for better federal-local alignment in economic response
- The importance of timely, trusted data to supplement lagging indicators
The conversation reinforced a critical truth: Greater Washington cannot afford to plan for the economy of the past. Across sectors, leaders are grappling with systems and structures that were built for another era. What’s needed now is not only new solutions, but new ways of thinking.
The Board of Trade will continue to foster these executive-level dialogues, providing space for leaders to test assumptions, exchange strategies, and shape a more resilient, competitive region.
Mark your calendar: Our next Executive Leadership Roundtable with Tom Barkin will take place on October 17. Registration details will be shared soon—stay tuned.
Thank you to the Federal Reserve Bank of Richmond for sponsoring this vital discussion that engages our members and partners in the region.
Agenda Watch: Leading Through the First 100 Days
The first 100 days of a presidential administration are typically seen as a critical window for shaping priorities and building momentum. But as we heard in our latest Agenda Watch session – hosted in partnership with K&L Gates – this administration isn’t waiting around. The pace is so rapid, you can barely compute the first 100 hours, let alone the first 100 days.
Well over 100 executive orders have already been issued – marking a historic pace of presidential action. Senior officials were vetted and ready well before Inauguration Day. Federal agencies are moving quickly to execute an ambitious and sweeping plan to reshape the size, scope, and style of government. What may look chaotic on the surface is in fact a tightly coordinated and years-in-the-making strategy to act with speed and authority – especially in areas where congressional consensus is unlikely.
While much of the conversation centers on specific policy actions, what’s unfolding is part of a broader transformation—one that reflects a shift from the analog operating model of the past century to a digital-first, disruption-driven approach to governance. We’re witnessing the federal system being rewired for a new era: one defined by speed, decentralization, and real-time decision-making. The implications go far beyond politics—they challenge long-standing assumptions about how government functions, and how leaders outside of government must respond.
That’s why we launched Agenda Watch. This program is designed to help leaders in the Greater Washington business community stay ahead of these shifts—not just as observers, but as strategic actors. During our most recent session, we explored what these developments mean for the region and how leaders can adapt in an environment increasingly defined by volatility, speed, and structural change.
The Core Question: How do leaders navigate this moment of compressed change?
Among the key takeaways from the briefing:
- This is more than politics—it’s structural. While many moves reflect a long-standing conservative vision for shrinking government, they also represent a shift in how executive power is being exercised – faster, more centralized, and more willing to sidestep traditional federal processes.
- Executive orders are setting tone and direction. Though not equivalent to permanent law, the early wave of executive actions is already reshaping policy implementation. They signal priorities, shift agency focus, and can lay the groundwork for future regulatory or legislative changes. Their volume and velocity are strategic.
- Engagement doesn’t equal endorsement—but it matters. Business leaders must navigate unpredictability with discipline. Staying engaged across the political spectrum is essential for understanding how decisions are being made, where there’s room to align, and when to proactively offer alternatives.
- National security—not just economic policy—is the driving lens. Decisions about AI, energy, workforce policy, and trade are increasingly shaped by geopolitical risk and the desire for U.S. self-reliance. That includes efforts to reduce dependence on China for critical materials, strengthen domestic manufacturing, and secure technological leadership. While these objectives are clear, their policy paths may feel contradictory or disjointed at times.
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This goes beyond politics and policy—it’s about leadership in flux.
For leaders across business, government, and the civic sector, the challenge isn’t just responding to change – it’s anticipating and absorbing it. The rules of engagement are evolving, but so are the expectations for how organizations show up, plan, and lead.
As the session concluded, four guiding principles emerged to help frame decision-making in this climate:
- Acknowledge volatility as a constant
Volatility is not episodic anymore – it’s systemic. Economic, regulatory, and political disruptions are happening in shorter, faster cycles.
- Balance long-term strategy with short-term agility
You need both a long-term strategy and the flexibility to pivot. Resilience lies in the ability to move between the two without losing your direction.
- Embrace calculated risk to stay competitive
Managing risk is no longer about avoidance – it’s about understanding, adapting, and acting. Those who take thoughtful risks will be better positioned to lead through disruption.
- Own your narrative—and ground it in shared outcomes
Don’t let others define your organization’s values or voice. Ground your message in shared economic outcomes, practical problem-solving, and the ability to work across divides.
The Board of Trade will continue to provide tools, insights, and convenings to support our members in this shifting landscape. Through Agenda Watch and other programming, we’re committed to elevating nonpartisan analysis, amplifying regional priorities, and helping our members lead through uncertainty with clarity and confidence.
Thank you to K&L Gates for sponsoring this vital discussion that engages our members and partners in the Greater Washington region.
Letter of Support: ‘District of Columbia Fiscal Autonomy Act’ advancing to House floor
About this Letter of Support: Greater Washington Board of Trade President & CEO Jack McDougle submitted a Letter of Support to the United States House of Representatives (including House Speaker Mike Johnson, and both Senate and House members that represent Greater Washignton) commending congressional leadership for advancing the District of Columbia Fiscal Autonomy Act to the House floor. This bipartisan legislation safeguards D.C.’s right to use its locally generated revenue, at no expense to the federal government. Its passage is critical to avoiding a $1.1 billion budget gap and maintaining funding for essential public services that support the District’s economic stability and the broader region’s prosperity.
Dear Mr. Speaker (Mike Johnson),
On behalf of the Greater Washington Board of Trade, I write to commend your leadership in advancing the District of Columbia Fiscal Autonomy Act to a floor vote this week. Your decision to move this legislation forward marks an important step toward restoring budget certainty and fiscal stability for our nation’s capital.
The Board of Trade has consistently advocated for the District’s ability to manage its locally raised revenues without Congressional interference. As outlined in our previous letters to Congress, we view local budget autonomy as essential to D.C.’s economic vitality, public service delivery, and long-term competitiveness as the hub of a dynamic regional economy.
We are also encouraged by the continued support of the region’s Congressional delegation, who have championed this issue on behalf of the District’s residents and businesses.
Bringing this legislation to a vote sends a strong signal about the importance of responsible governance and pragmatic leadership. Thank you for taking this step to advance a solution that promotes stability, preserves local control, and supports the broader regional economy.
Sincerely,
Jack McDougle
President & CEO
Greater Washington Board of Trade
Building Greater Washington’s Future—Together
Across the region, leaders are asking: what will it take to make Greater Washington a globally competitive, inclusive, and future-ready economy? One thing is clear—no single organization or jurisdiction can answer that question alone. Our region’s success depends on deep collaboration, clear vision, and bold, long-term strategy.
That’s the driving force behind the reimagined Potomac Conference—not just a one-day convening, but a year-round initiative led by the Board of Trade in partnership with the Metropolitan Washington Council of Governments, the Consortium of Universities of the Washington Metropolitan Area, and the Greater Washington Partnership. Together, we’re aligning efforts across sectors to activate the region’s full economic potential.
Over the past several months, that work has accelerated. Through roundtables, executive lunches, one-on-one conversations, and formal convenings, we’ve engaged regional chambers, economic development leaders, nonprofits, academic institutions, and business executives to surface shared priorities and begin building a more unified path forward. Across all of these forums, one message is clear: Greater Washington’s future depends on a stronger collective voice and coordinated action.
At our Spring Board Meeting, members took part in a facilitated exercise—Mapping Greater Washington’s Economic Future—to explore where the region might be by 2035 and what decisions today could help us get there. The discussion underscored both the urgency and opportunity of the moment. Themes like the need for deeper regionalism, bold long-term bets, and business-led action were echoed in other forums as well.
In April, we met with regional chamber executives for a frank dialogue on economic pressures and policy uncertainty. Despite differing local contexts, there was unanimous agreement that collaboration is essential. The group is now drafting a joint letter to the Governors of Maryland and Virginia and the Mayor of D.C. to reinforce a united regional business agenda.
Economic development leaders (CEDO) are also shaping the strategy from the ground up. With deep jurisdiction-level knowledge, they’ve helped identify three region-wide priorities: attracting growth-stage capital, aligning industry cluster strategies, and strengthening education-to-workforce pipelines. Their next working session will begin turning those ideas into actionable plans.
At the same time, the Board of Trade continues to serve as a strong advocacy voice for the region’s business community. Whether it’s advancing workforce and mobility solutions, supporting local fiscal authority, or pushing back on federal overreach, we’re engaging where it counts—testifying before the D.C. Council, submitting letters to Congress, meeting with elected officials, and mobilizing member input to shape smart, business-forward policy. This unique capacity—to both convene and advocate—allows us to translate insight into action and ensure the voice of regional business is heard and heeded.
Together, these efforts are informing the long-term vision of the Potomac Conference and helping to establish the building blocks of a more competitive, resilient region.
This is the work of regionalism—not flashy, but foundational. It’s technical, behind the scenes, and at times slow. But it’s also powerful. Because when we align our voices, share data, and commit to a common direction, we unlock what’s possible for Greater Washington. We look forward to continuing this work—with you.
GWBOT April 2025 Newsletter
The Board of Trade remains focused on advancing the priorities that matter most to Greater Washington. This March newsletter shows a variety of engagements we have had across the region with members and public officials, while also showcasing meaningful updates on priorities we are following in the region. We also have a variety of member news updates that showcase regional collaboration!
Read our April 2025 Newsletter here
TD Bank Morning Star Speaker Series: Strategic Leadership & Emotional Intelligence Workshop
The Board of Trade kicked off its 2025 TD Bank Morning Star Speaker Series with an energizing workshop centered on “Strategic Leadership & Emotional Intelligence,” held April 23 at the Salamander Hotel in Washington, D.C. The interactive event set the tone for the year’s programming with a deep dive into emotional intelligence as a cornerstone of effective leadership.
The featured speaker, Dr. Irvine Nugent, an internationally recognized expert on emotional intelligence and nonverbal communication, brought his decades of experience to life with an engaging, hands-on session that encouraged participants to reflect on how they show up as leaders. Drawing from real-world scenarios and guided exercises, attendees explored how empathy, self-awareness, and emotional regulation can elevate not only individual performance but also team cohesion and organizational outcomes.
“Leadership is not just about strategy; it’s about connection,” Dr. Nugent emphasized. “And connection starts with understanding yourself and others.”
Attendees were invited to explore emotional triggers, practice mindfulness techniques, and engage in peer-based activities that fostered vulnerability and trus, which an approach that mirrors the “Unexpectedly Human” ethos that TD Bank weaves into its community partnerships.
The overarching takeaways from this immersive workshop with Dr. Nugent helped leaders:
- Assess and enhance self-awareness, adaptability, and decision-making
- Foster trust and collaboration to lead high-performing teams
- Engage in peer-driven exercise to refine leadership presence
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The Morning Star Speaker Series is designed to go beyond traditional lectures. Each session offers immersive, skills-based experiences tailored to empower regional leaders. This year’s lineup reflects a commitment to holistic leadership development, combining personal growth with practical tools that attendees can immediately apply in their organizations.
These programs aim to equip business leaders with the self-awareness and agility needed to thrive in today’s evolving regional economy.
Stay connected with the Board of Trade to register for future sessions and learn how the Morning Star Speaker Series continues to inspire and elevate leadership in Greater Washington.
Upcoming sessions in the 2025 series include:
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June 2025 – Leadership Decision-Making Through Culinary Teamwork: An interactive kitchen experience that simulates high-pressure decision-making and team dynamics.
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Fall 2025 – NextGen Leadership Storytelling: A workshop exploring the art of authentic storytelling to strengthen executive presence and professional influence.
Thank you to TD Bank for sponsoring this vital speaker series that engages our members and partners in the Greater Washington region.
From the Classroom to Congress: Don Beyer discusses the future of Artificial Intelligence
The Board of Trade hosted a dynamic and thought-provoking fireside chat on artificial intelligence featuring Virginia Congressman Don Beyer and Jamil Jaffer, Founder & Executive Director of the National Security Institute at George Mason University.
The conversation focused on the future of AI policy, innovation, and the balance between rapid technological advancement and the need for safety, trust, and governance. Congressman Beyer — who is currently taking graduate-level courses on AI at George Mason University to understand the field better — spoke about his commitment to informed policymaking and his sponsorship of the bipartisan CREATE AI Act, which seeks to expand access to AI research tools across the country.
The conversation also explored critical issues such as national security (including how AI technology is increasingly being integrated into our defense systems), the importance of balanced federal oversight that supports both developers and end users, and the potential implications of AI on key sectors like infrastructure and financial markets.
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Congressman Beyer has been involved in AI policy issues at the congressional level for some time now. He discussed his leadership in advancing the AI Foundation Model Transparency Act and his ongoing work with the House Task Force on AI. Beyer has also been a part of other AI-focused Congressional bodies, including the AI Caucus and the AI Working Group.
In a truly engaging moment, both students and business professionals had the opportunity to ask Congressman Beyer direct questions about the implications of AI for industry, public policy, and workforce development. The exchange highlighted the critical importance of cross-sector collaboration as the technology continues to evolve.
Thank you to everyone who joined us for this important conversation on one of the most transformative technologies of our time. Stay tuned for more events at the intersection of innovation and policy.
THANK YOU TO OUR SPONSORS FOR SUPPORTING THIS EVENT
Testimony to DC Council: Workforce Strategies Must Support Economic Growth and Resilience
About this Testimony: The Greater Washington region is at a pivotal moment when it comes to workforce development. Shifts in the federal employment landscape, combined with long-standing challenges around talent access and equitable opportunity, demand a bold, coordinated response. On behalf of the Board of Trade, President and CEO Jack McDougle delivered the following testimony to the D.C. Council’s Committee on Executive Administration and Labor. His remarks emphasize the need for a modern, regionally aligned workforce system, one that bridges gaps between employers and talent, supports economic resilience, and ensures D.C. residents and businesses can thrive in a rapidly evolving economy.
Chairperson Anita Bonds and members of the Committee,
Thank you for the opportunity to testify on behalf of the Greater Washington Board of Trade. My name is Jack McDougle, and I am President and CEO of the Board of Trade. Founded in 1889, we represent hundreds of employers—with thousands of workers— across the Washington region who rely on a skilled, adaptable, and inclusive workforce to compete—and who are committed to helping strengthen the workforce in the District and throughout the metro area.
Workforce challenges aren’t new. This region has long been home to one of the most highly educated and skilled workforces in the country. We have some of the best universities, research institutions, and federal expertise anywhere. But employers still struggle to find the right talent at the right time. And too many residents still face barriers to getting their foot in the door.
Now, those long-standing challenges are intersecting with something bigger and more immediate.
The federal government—long the backbone of our regional economy—is changing. Telework, digitization, automation, and agency consolidation are reducing the federal footprint, especially in downtown D.C. That’s affecting not just jobs, but office occupancy, small business vitality, and city revenues. Thousands of workers are being displaced or restructured, many of them with valuable skills—but without a clear path forward. Meanwhile, many D.C. residents are still disconnected from the workforce entirely.
So, we’re facing a multi-sided problem: how to help people enter the workforce, how to help experienced professionals transition into new roles and how to attract and retain the talent we need to compete.
Solving this isn’t just about creating more training programs. It’s about building a coordinated, regional system that connects people to opportunity—wherever the job is—and helps employers find talent—wherever that talent lives.
Why a Regional Approach Matters
The District lies at the economic center of a much larger labor market. Roughly two-thirds of jobs in D.C. are held by people who live in Maryland or Virginia. At the same time, tens of thousands of District residents commute to jobs outside the city every day.
If we’re serious about increasing economic opportunity for D.C. residents, we can’t limit our thinking to only jobs within city limits. Likewise, if we want to strengthen D.C.’s job base and bring people back into our downtown corridors, we need to make it easier for talent across the region to access those jobs.
This requires a level of policy alignment, data sharing, and joint investment that we simply do not have today.
Some progress is underway. Virginia’s G3 program, for example, offers tuition-free community college in high-demand fields like IT, healthcare, and skilled trades—paired with employer engagement. Maryland is investing in apprenticeship expansion and industry-led partnerships through its Employment Advancement Right Now (EARN) initiative.
Virginia has also taken steps to streamline its workforce system by consolidating dozens of fragmented programs under the purview of the newly established Virginia Office of Education and Labor, with the goal of improving coordination, reducing duplication, and aligning training more directly with employer needs.
And in D.C., we’re seeing promising models too—like the Infrastructure Academy’s partnerships with Pepco and WMATA to prepare residents for real jobs in energy and transportation. But we need more coordination across the region, and better data to guide investment.
What the Council Can Do
Here are five ways the District can lead in FY26—and help build a workforce system that reflects how people live, work, and move across this region.
- Support a Regional, Data-Driven Workforce Strategy
Our region lacks a shared, real-time understanding of workforce supply and demand. Employers, educators, training providers, and governments all make decisions based on partial or outdated information. We strongly urge the District to partner with neighboring jurisdictions—Maryland, Virginia, and regional planning bodies—to develop a unified baseline of current labor market conditions. This should include disaggregated data by industry, occupation, skills, demographics, and geography.
Such a baseline would allow all of us to align efforts, avoid duplication, target investment, and measure progress consistently.
Recommendation:
Support the creation of a Regional Workforce Intelligence Hub, in partnership with MWCOG, Consortium of Universities, the Workforce Investment Council, and workforce leaders in Maryland and Virginia.
- Helps align training programs with actual job demand
- Track skill gaps and mobility across jurisdictions
- Provides clear, actionable data for jobseekers, employers, and policymakers alike
This is core infrastructure for smarter decisions and stronger outcomes.
- Expand Employer-Led Training with Cross-Jurisdiction Portability
We need to move even further beyond traditional classroom models and embrace demand-driven, work-based learning. The Council can promote public-private partnerships that create apprenticeships, industry bootcamps, and employer-sponsored credentials—especially in high-growth sectors like IT, clean energy, healthcare, and advanced manufacturing.
Recommendation:
Invest in Workforce Innovation Grants that support partnerships between employers and training providers focused on:
- Industry-designed curricula
- Paid apprenticeships and bootcamps
- Credentials recognized across D.C., Maryland, and Virginia
- Reducing administrative barriers for employer participation
This builds on successful approaches already in motion. We’ve seen how employer-driven programs at UDC, the Healthcare Workforce Partnership, and the Tech Apprenticeship Program at Northern Virginia Community College can deliver talent that’s job-ready from day one.
- Launch a Federal Workforce Transition Program
Thousands of federal and contractor workers are being impacted by the ongoing restructuring. Many have transferable skills—but need targeted support to pivot into new fields.
Recommendation:
Create an integrated Federal Transition Upskilling Program to provide:
- Training in high-demand private-sector fields (e.g., cybersecurity, project management, clean energy)
- Career coaching and job placement support
- Incentives for regional employers to hire transitioning talent
This helps retain experienced professionals in the region and prevents talent loss from the city’s core.
- Invest in Wraparound Supports for Jobseekers
Access to training is meaningless if people can’t show up. We hear this all the time from employers and community partners—people are ready to work but face real barriers.
Recommendation:
Prioritize supports that make workforce participation possible:
- Childcare for jobseekers and trainees
- Free or subsidized Metro, MARC, VRE or other mobility access
- Navigation and coaching services that help residents see—and pursue—what’s possible across the region
These supports may seem small, but they’re game-changers for residents balancing work, family, and training.
- Strengthen the District’s Workforce Infrastructure
The District’s workforce system needs to be agile, integrated, and built to partner—both internally and across borders. We encourage the Council to break down silos—between workforce, education, economic development, and human services—and between the District and its regional peers. The economic fate of this region is shared. No single jurisdiction can go it alone.
Recommendation:
Further support DOES and the Workforce Investment Council to:
- Modernize operations and digital tools for job matching and tracking
- Improve coordination across education, training, and economic development
- Evaluate long-term outcomes—not just short-term placements
This ensures our systems are working smarter, not just harder.
Conclusion: Shared Workforce, Shared Responsibility
The workforce challenges we face—recruitment, retention, displacement, inequity, skills misalignment—don’t stop at jurisdictional borders. Our solutions can’t either.
The District has a chance to lead—not only in reimagining how we support residents and businesses, but in showing what regional collaboration can look like when it’s done right.
Let’s connect the dots between employers, workers, and opportunity—no matter where they’re starting from. Let’s build a workforce system that reflects how people actually live and work across the region.
Sincerely,
Jack McDougle
President & CEO
Greater Washington Board of Trade
See Additional Testimonies and Letters of Support we have submitted recently:
Letter of Support: ‘Local Funds Act of 2025’ Protects DC’s Authority to Spend Locally Raised Revenue
Testimony: Submitted to DC Council, Committee on Business & Economic Development
Letter to Congress: Addressing Concerns with House Concurrent Resolution 14
Congress Should Preserve DC’s Home Rule and Withdraw the Bowser Act | WBJ Viewpoint
Letter of Support: ‘Local Funds Act of 2025’ Protects DC’s Authority to Spend Locally Raised Revenue
About this Letter of Support: Greater Washington Board of Trade President & CEO Jack McDougle submitted testimony to the United States House of Representatives showing strong support for the District of Columbia Local Funds Act of 2025 (S. 1077), a bipartisan bill that protects D.C.’s authority to spend its locally raised revenue, without cost to the federal government. Passage of this legislation is essential to preventing a $1.1 billion budget shortfall and ensuring continued funding for core public services that underpin the economic health of the District and the entire metropolitan region. The following testimony outlines the business community’s position and the critical importance of timely congressional action.
Dear Mr. Speaker (Mike Johnson) and Representative Hakeem Jefferies,
On behalf of the Greater Washington Board of Trade — representing the business community of the D.C. metropolitan region since 1889 — I write to express our strong support for the District of Columbia Local Funds Act of 2025 (S. 1077).
This bipartisan legislation, which passed the Senate unanimously on March 14, affirms D.C.’s authority to spend its locally raised revenues and averts an immediate $1.1 billion budget shortfall. It is essential to sustaining the economic stability of the District and the broader regional economy. We urge the House to pass this bill without delay.
The District raises the vast majority of its revenue independently—there is no cost to the federal government. In fact, the Congressional Budget Office confirms that S. 1077 has no impact on the federal budget. What it does do is allow the District to implement its Fiscal Year 2025 budget, which Congress already approved through continuing resolutions in September and December (P.L. 118-83 and P.L. 118-158).
These funds are critical to the operation of public services and infrastructure that underpin D.C.’s and the region’s economic health — transportation, public safety, healthcare, education, and more. Without them, the resulting budget gap would ripple across the region, weakening consumer confidence, shrinking business revenue, and putting jobs at risk. The impact wouldn’t stop at the District’s borders — it would affect the entire regional economy, including D.C.’s 700,000 residents and the nearly 26 million visitors who came to the nation’s capital last year.
From retail and real estate to hospitality and professional services, businesses across sectors would feel the blow. Abrupt cuts at this scale would increase costs, slow investment, and threaten the momentum of recovery and growth – especially needed as efforts continue to transform the federal government.
We fully support the importance of fiscal responsibility, including reducing the national debt. But for over two decades, every continuing resolution has included language allowing D.C. to spend its own locally passed, balanced budget. This year should be no different.
Economic strength in the Greater Washington region is not just a local issue — it’s a matter of national importance. Congress must give the District the certainty it needs to manage its finances and sustain the services that drive this region forward.
We respectfully urge you to support S. 1077, and we stand ready to work with you to keep our region strong, stable, and growing.
Sincerely,
Jack McDougle
President & CEO
Greater Washington Board of Trade
See Additional Testimonies and Letters of Support we have submitted recently:
Testimony to DC Council: Workforce Strategies Must Support Economic Growth and Resilience
Letter to Congress: Addressing Concerns with House Concurrent Resolution 14
Testimony: Submitted to DC Council, Committee on Business & Economic Development
Congress Should Preserve DC’s Home Rule and Withdraw the Bowser Act | WBJ Viewpoint
