The Greater Washington Board of Trade works collaboratively to advance polices, practices, and actions that benefit its members and improve the business environment across the region.
Our members deeply value the elevated networking opportunities offered, which provide near-term economic benefits and capacity building as business is conducted and decision-making is made sharper. They also see a Board of Trade membership as a long-term investment in the region, allowing them to prosper even further.
We focus on the long-term strategic needs of the entire region and will leverage technology and innovation to drive inclusive economic growth and improve livability. The Board of Trade envisions a smart region with a diversified economy that not only embraces technology but evolves new business models, partnerships, and approaches to make Greater Washington a place where everyone can succeed and prosper.
Cities around the United States and the world are increasingly deploying smart solutions to a wide range of issues, from reducing traffic congestion to improving healthcare, and more. Today, digital infrastructure is equally if not more critical than physical infrastructure like transportation networks and housing. Greater Washington must keep pace with these advances in order to improve quality of life, use resources wisely, grow investments, attract and retain talent, and remain globally competitive. If we don’t move quickly, we will fall further behind and catching up will become more difficult.
Sense of Urgency
The challenges of a changing world—population growth, resource consumption, dizzying disruptive technologies, and a constantly changing competitive landscape—demand that Greater Washington innovates solutions or risk losing its competitive edge.
Against this backdrop, our economy is fighting a history of often slow and lopsided growth when compared to other metropolitan areas. A major obstacle is our continued reliance on government and professional services and underinvestment in other industrial sectors. This limits our economy and, therefore, the revenue that can be reinvested in the region so that it can reach its full potential as a world-class metropolitan area. Recent additions to the region, including Amazon and Micron, signal a shift to a more diversified economic portfolio.
The region must also adapt to a growing populace and the additional strains put on transportation, housing, and other resources. The Metropolitan Washington Council of Governments expects that the region will gain 1.5 million people and 1.1 million jobs over the next 30 years – averaging 50,000 new people each year.