About This Letter of Support: Greater Washington Board of Trade signed on to this letter of support with our member Crown Castle, which advocates for implementing Crown Castle’s Rapid Connect fiber construction method, an innovative way of building fiber to expand broadband access in our community.
We are writing to advocate for the implementation of Crown Castle’s Rapid Connect fiber construction method, an innovative way of building fiber to expand broadband access in our community. While the County’s Department of Public Works & Transportation and Department of Permitting, Inspections and Enforcement has been engaged since the spring of 2024, we have yet to see movement on its implementation.
Rapid Connect uses a small moving crew and safety vehicles to simultaneously cut, place, and seal underground fiber. This method meets the highest safety standards, is environmentally conscious, minimizes disruption and community impact, reduces deployment time, and blends seamlessly into our streetscape. As a result of this simplified construction process, Crown Castle can complete fiber construction in weeks instead of months, and at a fraction of the cost.
Data demand is growing quickly. For instance, it’s expected that mobile data traffic in North America will grow by 150% by 2029. Improved connectivity is crucial for improving access to vital resources and services, including educational opportunities, digital healthcare, connected transportation, public safety and many of the Plan Prince George’s 2035 strategies. As connectivity demands surge, Rapid Connect is the fastest and most effective solution to build networks that can keep pace with each community’s growing needs. In Addition, embracing this type of innovation can help communities become broadband ready and more competitive as states allocate funding. Crown Castle has successfully rolled out Rapid Connect in neighboring communities, including Montgomery County, D.C., and Alexandria.
We urge the County to support the adoption of Rapid Connect. Modern life depends on broadband access, and Rapid Connect can expand access much faster than traditional construction methods to foster a more connected community and ensure Prince George’s County remains competitive and prosperous.
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.
The Board of Trade remains focused on advancing the priorities that matter most to Greater Washington. This year, we are committed to tackling a decades-long challenge by working to secure long-term, sustainable funding for the region’s transit system, maintain momentum on public safety to ensure safe neighborhoods and thriving business environments, and build on partnerships like the Potomac Conference to foster inclusive growth and innovation. Our continued efforts to close opportunity gaps will strengthen economic resilience and advance a more equitable and prosperous region.
Local and federal agencies in D.C. continue their preparations for the 60th Presidential Inauguration on Jan. 20, a pivotal time for Downtown D.C. and the Greater Washington region. This update shares information provided by transportation, government, and business leaders. Pay close attention to the resource links below for real-time information on travel and safety.
Rally ahead of Inauguration Day at Capital One Arena on Jan.19
A rally is scheduled to take place ahead of Inauguration Day at Capital One Arena on Sunday, Jan. 19. According to the DowntownDC BID, which is following a variety of closure and parking information for Downtown residents and businesses, these streets will be closed to vehicle traffic on Sunday, January 19, 2025, from approximately 12:01 a.m. to approximately 6:00 p.m.:
WMATA sets route and station closures for Inauguration Day
Beginning Sunday, Jan. 19, until Tuesday, Jan. 21, buses will detour daily due to the 60th Presidential Inauguration and specific Metrorail transit stations will be closed in the Downtown area including Archives-Navy Memorial-Penn Quarter Station, Federal Trianlge Station, McPherson Square Station, Mt. Vernon Square/7th Street-Convention Center Station, and the Smithsonian Station.
Please allow additional travel time and avoid the area if possible. Learn about all the closures WMATA has announced here: https://bit.ly/407R1Rl
D.C. Government & Metropolitan Police Department
D.C. officials and leaders will be on high alert for Inauguration Day and the large number of people and activities going on downtown. Inauguration Day is a National Special Security Event, which helps D.C. get better support from federal law enforcement agencies and the military to keep the District safe. D.C. Mayor Muriel Bowser and her office are helping residents in the region better understand traffic restrictions during Inauguration Day, which can be viewed here: https://bit.ly/4g6bkow
In addition, MPD is working with local and federal authorities to keep people in the downtown area safe and is providing updates here. Please report threats and emergencies to 911. Keep your community safe by reporting suspicious activity by calling 202-727-9099, texting 50411, or visiting iwatchdc.org.
Capital Police:
The National Park Service (NPS) has instituted a partial closure in Lafayette Park and along the White House sidewalks for public safety in support of preparation and activities associated with the presidential inauguration. Closures will remain in place through February 2025. The northern part of Lafayette Park remains open for visitors and First Amendment activities. This year, work began Oct. 1 to accommodate additional time needed for a safer and more secure environment for construction activities. The Washington Post has also confirmed that Capitol Police is working with the D.C. National Guard to coordinate response needs better ahead of Inauguration Day.
For those attending Inauguration Day, review this list of prohibited items on U.S. Capitol Grounds: https://bit.ly/40yZIFO
Expect Closure to Museums on National Mall
Most museums on the National Mall in D.C. will be closed on Inauguration Day to help reduce traffic.
Sign up to receive real-time alerts from the District on public safety, traffic impacts, and more on election and inauguration updates by visiting alertdc.dc.gov.
ReadyDC has resources to help businesses create emergency plans, protect critical information, and improve your workforce’s personal preparedness efforts. Learn more by visiting ready.dc.gov/business.
Report suspicious activity. If you see something that doesn’t feel right, report it at iwatchdc.org inform a police officer or call 911 if there is an emergency or you are in immediate danger. Also, keep up-to-date on the latest on Inauguration Day from D.C. Government here.
In 2024, the Greater Washington Board of Trade solidified its role as a catalyst for innovation, economic vitality, and regional collaboration. Through more than 120 engagements—including policy initiatives, leadership discussions, and events—we drove meaningful progress on critical issues shaping our region’s future.
From advocating for unified transit and resilient infrastructure to driving downtown revitalization and amplifying the business voice, we delivered measurable impact. However, transformative change takes time, and our work continues.
This success is made possible by you! To our officers, executive committee, board of directors, committee chairs, initiative partners—and all of our members—thank you. Your contributions are the foundation of our success and help shape not only this organization but the future of Greater Washington.
As 2025 nears, the Board of Trade remains committed to uniting leaders around a shared vision for a vibrant, inclusive, and prosperous region.
LEADING REGIONAL PROGRESS
Greater Washington is a vibrant and dynamic place, and its success depends on anticipating trends, addressing challenges, and seizing opportunities to create lasting prosperity. In a time of change and uncertainty, strategic leadership and collaboration are essential. The Board of Trade works to turn these forces into progress, ensuring our region remains a secure, resilient, and thriving place to live, work, and grow. The details on the following pages reflect this commitment to leadership, vision, and action.
Programs & Policy
Through a wide range of activities—including high-impact events, strategic communication campaigns, closed-door meetings with elected officials, support letters, testimony, committee engagements, and more— Board of Trade members spent 2024 working to:
Impact Through Engagement
At the heart of our success lies the power of connection and collaboration. We convene the people and organizations that drive innovation, growth, and resilience across Greater Washington. In 2024, our unmatched signature networking opportunities, strategic initiatives, and trusted networks created space for leaders to share ideas, combine resources, and achieve results that benefit the entire region.
This year, we welcomed 30 new members and maintained an exceptional retention rate of 92%, exceeding industry standards.
Our signature events—including the Mid-Winter Dinner, Fall Business Classic, and the Annual Meeting—saw unprecedented participation, with 70% of member organizations represented. At the 7th annual Capital Region Transportation Forum we saw 30% increase in member participation. This level of engagement underscores the strength of our network and the enduring value we create together.
We tailored sponsorship opportunities to align deeply with member interests and strategic goals. This includes the revitalized TD Bank Morning Star Series—a 17-year partnership—focused this year on navigating a multi-generational workforce. The series featured three sessions that engaged attendees with discussions, workshops, and actionable strategies, illustrating our commitment to meaningful engagement and value creation.
We revitalized our digital presence by launching a new website, enhancing accessibility and engagement for members and stakeholders. This initiative, combined with a 20% increase in social media engagement, reflects our ongoing efforts to connect and engage meaningfully with our community.
We amplified our voice as a leader in the region through strategic communication efforts—placing thought leadership pieces in prominent media outlets such as the Washington Business Journal and WTOP. From op-eds on regional economic challenges and public safety, to appearances on Fox5 and at key events like the Maryland Economic Development Association Winter Conference, we positioned the Board of Trade as the go-to resource for forward-thinking solutions that shape our collective future.
2024 New Members
2024 Sponsors
LOOKING AHEAD TO 2025
As we build on the successes of 2024, the Board of Trade remains focused on advancing the priorities that matter most to Greater Washington. In the coming year, we will drive the DMV Moves initiative to secure long-term regional transit funding, maintain momentum on public safety to ensure safe neighborhoods and thriving business environments, and build on partnerships like the Potomac Conference to foster inclusive growth and innovation. Our continued efforts to close opportunity gaps will strengthen economic resilience and advance a more equitable and prosperous region.
The Board of Trade’s strength lies in the engagement and dedication of its members. Together, we have demonstrated what is possible when we align around a shared mission for this dynamic region.
As we look ahead to 2025, we know there will be challenges, but also countless opportunities. And as we have for 135 years, the Board of Trade stands ready.
WELCOME 2025 BOARD OFFICERS
Board members contribute to the Board of Trade’s success in several ways: they weigh in on strategic decisions; assist with the recruitment, retention, and on-boarding process of members; lend resources and make connections to bring projects closer to their goals; attend and support board meetings and other Board of Trade events throughout the year.
Not yet a member? Please consider joining us –as a members, as partners for change, or both – the Board of Trade is open for business and eager to team with any organization committed to our common goal of a Greater Washington region.
Our Greater Washington region must continue to invest in all types of transportation and supply-chain infrastructure to ensure our communities and businesses can thrive and adapt in the coming years.
With that, promising news has been announced concerning the two biggest ports that serve our region. Funding for the Port of Baltimore and Port of Virginia will increase after announcements from the federal and state level of U.S. government were made in recent weeks.
President Joe Biden recently announced at the Port of Baltimore that $147 million in awards for the Maryland Port Administration will support jobs by enabling the purchase and installation of zero-emission port equipment, charging infrastructure, and power improvements. It is part of $3 billion in funding from the Inflation Reduction Act that will go towards ports across the country. This is even furthered by the $580 million from the Bipartisan Infrastructure Law to fund 31 port improvement projects in 15 states and one U.S. territory.
As for the Port of Virginia, money from the Commonwealth of Virginia in the amount of $2.4 million for the cities of Norfolk, Newport News, and Portsmouth, all of which are vital communities that support the Port of Virginia and its efforts to serve the region’s commerce and supplies needs. The federal government has also invested $380 million in funding to bolster sustainability efforts that hope to make the port more energy efficient, and this stems from the same money being given to the Port of Baltimore through the Inflation Reduction Act.
According to the U.S. Environmental Protection Agency, the U.S. consists of over 360 commercial ports that account for over 95% of cargo containers that come into the country. Additionally, a study from the American Association of Port Authorities, shares that $2.9 trillion in GDP and 21.8 million American jobs stem from our country’s vital port system.
The U.S. economy depends heavily on America’s ports to connect our communities to international trade, facilitating the movement of goods between the country and the global market and generating substantial employment opportunities for workers. This dynamic of impactfulness on the U.S. economy was recently highlighted by the Port of Baltimore worker’s strike that created inflation fears for the region.
About this Testimony: The Greater Washington Board of Trade has expressed strong support for the Downtown Arena Revitalization Act of 2024, emphasizing its potential to drive economic development, boost regional vitality, and enhance downtown Washington, D.C. recovery efforts. Highlighting the Capital One Arena’s legacy of hosting over 47 million visitors and 4,500 events since 1997, the Board underscores the significant impact of this district on local businesses, tax revenue, and the city’s cultural fabric.
Dear Chairman Mendelson,
On behalf of the Greater Washington Board of Trade, I am writing to convey our strong support for the Downtown Arena Revitalization Act of 2024. This legislation presents a significant opportunity to advance economic development, enhance our region, and preserve the dynamic atmosphere of downtown Washington, D.C. This initiative is particularly important as we strive to recover from the economic challenges of recent years.
The proposed act aligns with the Board of Trade’s mission to advance a prosperous, inclusive, and vibrant regional economy. The revitalization of the downtown arena district, which is home to Capital One Arena and supported by our member organizations, including Monumental Sports & Entertainment, Clyde’s Restaurant Group, Capital One Bank, and the Washington Metropolitan Area Transit Authority (WMATA), will have a meaningful impact on the region. Since 1997 the Capital One Arean has hosted 47 million people and more than 4,500 events that support local businesses, drives tax revenue, and contribute significantly to the cultural fabric of our city. A revitalized arena district will build upon this success by attracting more visitors, creating new job opportunities, and catalyzing further investment in downtown Washington.
Our members recognize the critical role that a modernized arena district can play in sustaining and expanding these benefits. For instance, Monumental Sports’ commitment to enhancing the fan and visitor experience will be a boon for tourism, hospitality, and retail sectors, which are vital components of the downtown economy. WMATA also stands to benefit through increased ridership, connecting more residents and visitors with downtown events and activities, and supporting the ongoing financial health of our public transit system.
We urge the D.C. Council to move forward with this legislation and invest strongly in our community’s future. We appreciate your consideration and look forward to working together to realize the full potential of this bill.
Thank you for your leadership and commitment to a stronger, more dynamic Washington, D.C.
The Board of Trade’s policy team has tracked high-profile elections across D.C., Maryland, and Virginia that help our members and greater business community understand what changes may be coming as policy takes center-stage to start 2025 as chambers open session.
We congratulate the newly elected members of Congress, State Assemblies, and local offices and applaud their commitment to public service and the trust their constituents have placed in them. As the region’s leading non-partisan business organization since 1889, the Board of Trade is dedicated to fostering collaboration on key priorities like transportation, technology, workforce development, and economic sustainability. We look forward to working together to advance initiatives strengthening the Greater Washington region and its business community.
Angela Alsobrooks (D)
U.S. Senator for the State of Maryland
Formerly the County Executive of Prince George’s County.
Virignia – 7th District – U.S. House of Representatives
Represents Orange, Culpepper, Spotsylvania, Green, Madison, Fredericksburg, Caroline, King George, and Stafford counties. Also represents parts of Prince William and Albemarle counties.
The Greater Washington Board of Trade celebrated its 135th Annual Meeting, presented by Kaiser Permanente, on November 22, 2024, at The Ritz-Carlton in Washington, D.C. This signature event has been a cornerstone of the organization’s efforts since 1889, bringing together members and partners to reflect on the year’s accomplishments and strategize for the future.
Maryland Governor Wes Moore kicked off Annual Meeting by delivering an inspiring keynote address that focused on collaboration and partnerships with the business community that resonated deeply with our commitment to advancing the Greater Washington region. With many of our members operating across this vibrant and ever-evolving area, engaging with state leaders like Governor Moore helps us stay connected and aligned with regional progress.
Attendees had the opportunity to hear directly from key leaders driving the organization’s mission forward. Outgoing 2024 Chair Steve Proctor of G.S. Proctor & Associates reflected on the year’s accomplishments, highlighting milestones in transportation, public safety, and inclusive economic growth. Jeremy Blank of Deloitte, the incoming 2025 Chair, shared his vision for the year ahead, emphasizing continued collaboration and innovation. President & CEO Jack McDougle underscored the importance of member engagement and outlined strategic priorities to ensure the Greater Washington region’s long-term prosperity.
A Year of Progress and Collaboration: The meeting spotlighted achievements in regional transportation through the DMVMoves initiative, collaborative public safety advancements like the Secure DC Act, and inclusive economic growth efforts, such as Pathways to Prosperity.
Looking Ahead to 2025: Attendees discussed the strategic vision for next year, including plans to advance economic revitalization and secure key designations to support regional innovation and growth.
Networking and Recognition: With robust attendance from industry leaders and member organizations, the event served as a premier networking opportunity and a celebration of collective milestones.
The Board’s leadership emphasized the importance of continuing to foster partnerships and maintaining engagement from members to drive initiatives forward. Members were encouraged to stay involved by attending events, engaging with staff, and leveraging opportunities to contribute to the organization’s mission.
Thank you to all our members for contributing to the work of the Board of Trade that helps our region and business community to stay competitive, engaged, productive, and inclusive to all who live and visit!
The Annual Meeting underscored the Board of Trade’s role as a powerful convener and advocate for the Greater Washington region.
In 2025, we anticipate fresh challenges coupled with abundant prospects. Drawing from our enduring legacy in this region, the Board of Trade is unwavering in its dedication to amplifying your achievements and bolstering our region’s competitiveness. We’ll advance this by nurturing stronger connections, advocating more powerfully across federal, state, and local arenas, conducting in-depth analyses, and rolling out specific programs and initiatives.
The Greater Washington Board of Trade and K&L Gates recently hosted the third installment of its 2024 Election Watch series, bringing together regional business leaders, policymakers, and experts to analyze the evolving political landscape and its potential impact on the business community.
This session panel discussion led by Darrell Conner and Karishma Page of K&L Gates, and our President & CEO, Jack McDougle, provided valuable insights into the priorities, challenges, and opportunities presented by a potential second Trump administration, highlighting key issues such as tariffs, federal workforce dynamics, and education policy.
Shifts in Support and Economic Concerns
The discussion opened with a look at demographic support for candidates, noting a trend where higher-income groups leaned toward Vice President Kamala Harris, while other income brackets showed gains for President-elect Trump. The economy remains a pivotal concern for voters and businesses alike, particularly with budget and funding challenges taking center stage.
Audience members shared perspectives on the inflationary impacts of tariffs, a hallmark of Trump’s first term. The panel highlighted the ongoing debate among economists about the long-term effects of these policies, underscoring the complexity of the issue.
Governance and Policy Execution
One of the standout themes was the potential for a shift in governance dynamics. During Trump’s first term, there was frequent uncertainty over whether policy decisions were driven by the White House or federal agencies. The panel suggested we can expect policy to be tightly controlled by the White House, as evidenced by high-profile appointments like Tom Homan as the incoming administration’s border czar.
The panel also explored the vetting and appointment process for cabinet officials, contrasting the more ad hoc approach of 2016 with a potentially more structured strategy for Trump’s second term.
Attendees raised several pressing policy questions for the panel:
Federal-State Relations: Emphasizing the growing importance of state-level engagement, particularly on issues like K-12 education. Noting some skepticism within Republican communities surrounding federal involvement in education.
Earmarks: Observing that while earmarks represent a small portion of overall spending, there has been little recent discussion about their future.
Executive Orders and Regulation: A second Trump administration could likely issue a wave of executive orders on day one, potentially rolling back pending regulations and leveraging the Congressional Review Act to overturn existing policies.
Business Impacts and Workforce Dynamics
The panel spoke about the broader challenges facing businesses, from geopolitical risks and technological advancements to national security concerns. These factors are placing stress on business operations, with potential implications for federal workforce dynamics.
The panel pointed to the recent history of relocating federal agencies, noting that workforce relocation could remain a contentious issue, swinging with changes in administration.
Higher Education, Immigration, and Geopolitics
Panelists expressed uncertainty about future investments in higher education under a new administration. Immigration policy also remains unclear, though Trump’s “America-first” approach suggests a continued focus on legal immigration reform.
Geopolitical risks were another focal point. The panel discussed how these external factors could influence domestic policies, including presidential immunity and governance. Notably, Trump’s circle of allies has expanded since 2016, suggesting a more organized approach to administration planning.
Closing Thoughts
The session concluded with reflections on the long-term trajectory of U.S. governance and its impact on the business community. Panelists emphasized the need for businesses to stay agile and engaged as geopolitical, technological, and policy dynamics continue to evolve.
Thank you to K&L Gates for sponsoring this three part series that engaged our members and business community across the Greater Washington region.
