Beyond the Data: 2024 NAEP math results are alarming

Beyond the Data: 2024 NAEP math results are alarming

Below is a letter on the Release of 2024 NAEP Math Results from our member and partner at the Collaborative for Student Success that the Greater Washington Board of Trade has signed on to and supports:

The latest National Assessment of Educational Progress (NAEP) results in mathematics should alarm us all and spur urgent action — particularly as recent research shows that math scores are closely tied to salary at age 30 for children of all backgrounds.1 Yesterday’s release of the Nation’s Report Card highlights significant and ongoing challenges in student math achievement — challenges that must be addressed by states, districts, and schools to prepare students for the workforce demands of today and tomorrow.

“Every time our nation is faced with low results on the NAEP exam, we express shock and dismay at the state of math education in our country,” said Jim Cowen, Executive Director of the Collaborative for Student Success. “But 48 hours later, the headlines fade, and little changes. This time must be different. Let’s commit to concrete action to improve math achievement for all students.”

We, the undersigned, recognize the challenge these results present. Rather than dwell on the numbers, we call on states and districts to take decisive action by adopting policies that will raise student math achievement. United, we ask policymakers to embrace bipartisan solutions that help ensure all kids — especially those from under-resourced communities — have access to a high-quality math education.

Together, we recommend six key strategies, backed by research and practice:

  • Expand access to high-quality instructional materials aligned to rigorous standards.
  • Provide educators with high-quality professional learning focused on effectively using instructional materials in the classroom.
  • Increase instructional time by extending learning opportunities before, during, and after the school day.
  • Automatically enroll students into advanced math courses based on objective assessment results or other data.
  • Hold teacher preparation programs accountable for equipping teachers with the skills and content needed to succeed in math instruction.
  • Leverage math coaches at the school or district level to work closely with teachers to improve classroom practice and, ultimately, student math achievement.

Moreover, we call upon local leaders to directly connect the math needs of our students to the workforce necessities of our communities. There’s no question that the more students that have a strong math education, the stronger our workforce will be.

“Business and industry leaders across our region, and the nation, are seeking applicants with strong math, reasoning, and data analysis skills,” said Jack McDougle, President & CEO, Greater Washington Board of Trade. “Both a child’s potential for success and the future health of our workforce are dependent on equipping students with the skills that math helps form and strengthen.”

Progress is Possible — and Already Happening
States across the country are proving that progress is within reach:

  • Rhode Island and Mississippi alike have taken concrete steps to increase access to high-quality instructional materials in math.
  • Texas, Washington, and North Carolina have implemented automatic enrollment policies to ensure students are not overlooked for advanced math coursework.
  • Arkansas and Massachusetts have strengthened teacher preparation programs, requiring higher standards for math instruction.
  • Alabama and Colorado are offering programs and resources that empower teachers to improve instruction and extend learning beyond the classroom.

These success stories demonstrate that bipartisan action can yield real results. Now is the time for every state and district to follow their lead.

Yes, the NAEP results are concerning — but we cannot let them be the final word. Instead, they should be the starting point for collective action. Together, we can ensure that every student has the opportunity to excel in math.

It is time to move past the data and ensure that our collective actions speak louder than the numbers released yesterday.

Below are companies and organizations that have signed on to support this letter: 

A+ Education Partnership
Best NC
Collaborative for Student Success
EdTrust
EdTrust-West
Educate Texas
Education Reform Now
Educators for Excellence – NY
EmpowerK12
ExcelinEd
Greater Washington Board of Trade
Just Equations
Maryland Out of School Time Network
Maryland STEM Education to Employment Ecosystem
Memphis Lift
Nashville PROPEL
National Alliance for Public Charter Schools
National Council on Teacher Quality
National Parents Union
NewMexicoKidsCAN
OhioExcels
Parent Shield Fort Worth
Powerful Parent Movement
Prichard Committee
STEM Center of Excellence, Inc.
Thomas B. Fordham Institute
TNTP
Zearn Math

Looking Ahead: The Road to 2025 and Beyond for GWBOT Policy Team

The Greater Washington Board of Trade’s Policy team has been busy engaging with key stakeholders, tracking critical legislation, and continuing conversations around crucial initiatives to start the year. As we look forward to an exciting 2025, our policy team is gearing up to tackle a wide range of pressing issues that will shape the future of our community, economy, and workforce. From transportation and technology to workforce development and economic growth, we are committed to addressing the challenges and opportunities that lie ahead.

Here’s an overview of the key issues we’ll be focusing on in the coming year: 

Transportation: Budget Negotiations, Autonomous Vehicles, and Regional Connectivity  

In 2025, transportation remains a critical area of focus. The Washington Metropolitan Area Transit Authority (WMATA) funding will be a central issue as we work to ensure the sustainability and reliability of the region’s transit network. Securing stable, long-term funding for WMATA is essential for maintaining services and improving infrastructure to meet growing demand, which is an effort that Jack McDougle, President and CEO of the Greater Washington Board of Trade, has played a pivotal role in advancing as the DMVMoves Community Partners Advisory Group Chair for the DMVMoves initiative. The coalition brings leaders in the District of Columbia, Maryland, and Virginia together to develop a unified vision that will deliver a more efficient, reliable, and seamless experience for transit users across our region. Enhancing rail infrastructure can reduce congestion, lower emissions, and improve access to economic opportunities across the region. 

Additionally, the rise of autonomous vehicles is poised to revolutionize how we approach transportation, and our team will be monitoring regulatory developments and opportunities for integration. We will continue to advocate for policies and opportunities that support innovation while ensuring safety and accessibility.  

Technology: AI, Data Centers, and Digital Transformation 

In the technology sector, 2025 will bring an increasing focus on artificial intelligence (AI) and the growth of data centers, which will play a critical role in shaping industries, workforces, and policies across the Washington, D.C. region. As digital transformation accelerates, AI will continue to revolutionize sectors like healthcare, defense, cybersecurity, and education, creating new opportunities and challenges. In tandem with this technological evolution, the region is seeing a surge in the development of data centers, which are essential for supporting the vast amounts of data AI systems require to function effectively. These data centers not only support the AI-driven innovations but also enable the broader digital economy by providing the backbone infrastructure for cloud computing, storage, and high-speed connectivity.  

On the heels of President Trump’s recent announcement of  an investment of $500 Billion over the length of his presidency, the policy team will remain engaged with stakeholders to ensure that AI and data centers are developed in a manner that meets our region’s growing demands for a robust technological infrastructure such as reducing the digital divide, fostering workforce development in AI and tech sectors, and creating a balanced, equitable approach to inclusive economic growth.  

Follow news and updates on policy and legislation in the region on our GWBOT Policy & Priorities web page

Workforce Development: Federal Workforce Return to Office, Public-Private Partnerships, Automation  

The return to a full, five-day workweek for federal employees, as outlined in recent executive action taken by President Trump, will have significant implications for workforce development. Our team will monitor the impact of these changes, and we will also continue to support initiatives that foster workforce development, particularly as industries evolve in response to technological and workplace advancements. 

Federal workforce initiatives will remain a priority as we work to ensure that government agencies attract and retain top talent in an increasingly competitive job market. This includes advocating for policies that promote professional development and training programs to equip workers with the skills they need to succeed in the digital age, as well as taking a comprehensive well-round approach to what attracts skilled workers to the region including housing affordability, cost of living, and opportunities for advancement.  

Economy: Tax Reform, Housing Affordability, and Hospitality 

In 2025, our team will also focus on key economic issues, including possible tax reform initiatives in Virginia, Maryland, and the federal government. Recent state legislation in both Virginia and Maryland has proposed tax reforms aimed at easing the financial burdens on residents and businesses, such as efforts to reduce income taxes, automobile taxes, and reform business taxes to encourage investment and job growth. Housing affordability remains a significant challenge, as the D.C. metro area continues to experience high demand as a desirable location to settle in. Meanwhile, the hospitality sector, a key driver of the regional economy, is undergoing change once again as it responds not only to the COVID-19 pandemic but also to the impending return-to-work executive order, which is expected to drive up demand for these services and have an impact on the Downtown DC Revitalization Plan. 

As we monitor and engage on these economic issues, our goal will be to ensure that tax policies, housing strategies, and support for hospitality contribute to a thriving, resilient regional economy. Our team will stay engaged with stakeholders to ensure that reforms foster economic growth, improve quality of life, and enhance the D.C. region’s competitive position. 

Regionalism: How the Region Continues to Engage with the Federal Government 

The Washington, D.C. region is home to a remarkable concentration of federal agencies, business and thought leaders, innovators, entrepreneurs, scholars, to name a few. This unique proximity enables unparalleled collaboration between the federal government, local, and state governments, fostering an environment where policies can be developed, implemented, and refined efficiently. The concentration of federal agencies in this region not only enhances governance and drives innovation, but also generates billions in economic activity, creating jobs and supporting businesses of all sizes. The synergies created by this ecosystem contribute to the broader regional economy, particularly through federal investments.  

Projects like the Metro expansion exemplify how these investments can improve quality of life while stimulating economic growth. Furthermore, effective coordination between federal, local, and state leaders ensures that investments in vulnerable communities—ranging from affordable housing to workforce development—reach those who need them most, helping to realize the vision of a thriving, inclusive region. The Greater Washington Board of Trade will continue to work together across all levels of government, to ensure that the Washington, D.C. business community and government can continue to collaborate to maximize the region’s economic and societal impact. 

Looking Ahead: The Road to 2025 and Beyond 

While these issues are top of mind, our policy team remains vigilant in identifying emerging challenges and opportunities on the horizon. Whether it’s navigating policy shifts or advancing crucial regional efforts, we are committed to adapting and leading the way in shaping policies that benefit our community and economy. In the coming year, we will continue to collaborate with stakeholders, engage in thoughtful dialogue, and advocate for evidence-based solutions that drive progress and innovation. Together, we look forward to making meaningful contributions toward a prosperous and sustainable future. 

Virginia gubernatorial candidate Abigail Spanberger meets with Greater Washington’s business community

Former Congresswoman and current Virginia gubernatorial candidate Abigail Spanberger recently engaged with our members in a discussion hosted at our office in Downtown D.C. that highlighted critical issues shaping Virginia’s future. 

Spanberger shared her vision to make Virginia the best place to live, work, and raise a family, focusing on workforce development, transportation, housing, and innovation. Her approach emphasizes collaboration between both the public and private sectors in our region to address regional challenges and capitalize on opportunities for growth. 

Explore her insights on transportation priorities, technological innovation, and workforce development in our detailed recap below:

Strengthening Virginia’s Workforce 

Spanberger underscored the importance of preparing Virginia’s workforce to be ready on day one post-graduation. She aims to prioritize education, workforce training, and initiatives like paid family leave to create an environment where families and businesses thrive. A well-trained workforce, she noted, is the backbone of the economy, driving innovation and growth across sectors. 

Transportation and Infrastructure Priorities 

Transportation remains a critical area for Virginia’s economic vitality. Spanberger highlighted the integral role of the Metro system, particularly in Northern Virginia, in connecting the region and boosting the local economy. She advocated for sustained funding for regional transit systems like Metro, emphasizing their impact on commuting, tourism, and business operations. Additionally, Spanberger called for a unified statewide strategy on infrastructure, including bridges, roads, and broadband, to ensure equitable development across urban and rural areas. 

Affordable Housing and Economic Development 

Affordable housing is a widespread challenge in Virginia, affecting industrial, factory, and service workers in both urban and rural areas. Spanberger supports innovative public-private partnerships to increase housing supply and affordability, tailored to the diverse needs of the workforce. Her vision includes leveraging cross-state insights and working with builders to address unique regional challenges. 

Innovation and Technology 

Former Congresswoman Abigail Spanberger sees technology, particularly AI, as a powerful tool for advancing Virginia’s capabilities. She encouraged leveraging AI to streamline operations, identify irregularities, and drive efficiencies across sectors. By embracing AI and other innovations, Virginia can position itself as a leader in tech-driven growth. 

Veterans and Second Careers 

With its significant military presence, Virginia has a unique opportunity to attract veterans transitioning to civilian careers. Spanberger stressed the need for better communication about resources that are available to veterans through the Virginia Department of Veterans Affairs, ensuring veterans have access to employment opportunities and support networks. 

Public-Private Collaboration 

Spanberger emphasized the importance of collaboration between government and businesses. From expanding broadband access to addressing workforce challenges, she pointed to public-private partnerships as essential for achieving lasting solutions. Engaging businesses in the legislative process through white papers and research ensures policymakers are informed and equipped to address evolving challenges. 

A Regional Perspective 

Spanberger also reflected on how federal policymakers perceive Virginia and the Greater Washington region. While the proximity of Northern Virginia to federal institutions offers advantages, it can also lead to regional issues being overshadowed by other priorities. Building stronger relationships between regional stakeholders and federal decision-makers is key to advancing collective goals. 

Moving Forward: A Call to Action 

Spanberger’s insights underscore the importance of collaboration and strategic planning to tackle Virginia’s most pressing issues. Whether through policy initiatives, public-private partnerships, or workforce investment, her vision offers a roadmap for creating a vibrant, equitable, and innovative Virginia. 

More policy discussions with the Board of Trade in the months to come

Thank you to Abigail Spanberger for joining us for this important discussion. We look forward to further policy discussions with leaders this spring and summer, including seperate discussions with both Virginia Lt. Governor Winsome Earle-Sears and Maryland Lt. Governor Aruna Miller. We also have a firstside chat on airtificial intelligence with Don Beyer in early-April.

Upcoming Opportunities for Regional Government and Business Leaders:

Join us for our 105th Mid-Winter Dinner, presented by G.S. Proctor & Associates, Inc., and enjoy an evening of elegance and entertainment at the Washington National Cathedral! This black-tie gala includes a delicious three-course dinner and allows you the opportunity to mix and mingle among the region’s most prominent business leaders and government officials. This is one of our premier networking events that helps our member and partner organizations fully take advantage of the Board of Trade and its connections with the community that we continue to help grow.

CLICK HERE TO LEARN MORE

Join us for Coffee & Conversation, where member executives engage in interactive, peer-to-peer discussions on timely topics impacting the business community. These conversations play a vital role in shaping programs and policies that drive the region’s economic resilience, workforce development, transportation systems, technological progress, and overall health and wellness.

CLICK HERE TO LEARN MORE

Inauguration Day Regional Safety & Travel Guide

Stay Safe & Connected on Inauguration Day

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.

View the Public Walking Safety Map provided by Federal Officials

Safety & Transportation Information

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.:

  • 7th Street from H Street NW to E Street NW
  • 6th Street from H Street NW to E Street NW
  • 5th Street from H Street NW to E Street NW
  • G Street from 9th Street NW to 7th Street NW
  • G Street from 6th Street NW to 4th Street NW
  • F Street from 9th Street NW to 4th Street NW

Learn more about the rally from here: https://bit.ly/4gV2evM

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.

Learn more about these closures here: https://bit.ly/40a8pVH

Advice For Downtown Businesses

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.

2024 Year in Review and 2025 Outlook

 

A YEAR OF TRANSFORMATION

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.

JOIN US!

To get involved, connect with our team to explore ways to engage your entire organization. Follow our work—subscribe to our newsletters, connect on XLinkedIn & YouTube, and visit our newly revitalized website for insights, initiatives, and member highlights. Our events have seen unprecedented demand this year—selling out time and time again—so be sure to secure your spot early and be part of these powerful conversations and engagements.

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.

Waterway Economics: Funding increases for region’s Port of Baltimore and Port of Virginia

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. 

Testimony: Downtown Arena Revitalization Act of 2024 (DC B25-1004)

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. 

Exploring 2024 Election business implications for the Greater Washington region

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.

VIEW MORE PHOTOS FROM THIS SERIES

Key Policy Questions

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. 

2024 Capital Region Transportation Forum engages DMV community, government stakeholders

Regional transportation leaders and agency executives from across Washington, DC, Maryland and Virginia convened at Martin Luther King Jr. Memorial Library on November 13 for the seventh annual Capital Region Transportation Forum. Co-hosted by the Greater Washington Partnership (the Partnership) and Greater Washington Board of Trade (the Board of Trade). Discussions focused on progress and challenges toward achieving sustainable funding for the Washington Metropolitan Area Transit Authority (WMATA), and transportation opportunities and challenges across the region. The Partnership and the Board of Trade are committed to advancing strategic transportation investments to keep our economy moving. An accessible, inclusive and efficient transportation system is essential to the prosperity of businesses and residents alike.

Partnership CEO Kathy Hollinger opened the forum by outlining priorities from the recently released Blueprint for Regional Mobility 5-Year Refresh. Informed by over 100 stakeholders, this roadmap emphasizes securing sustainable Metro funding, restoring DC as a world-class rail hub and embracing transit-oriented development (TOD).

Randy Clarke, WMATA’s General Manager and CEO, spotlighted Metro’s vital role in the region’s economy, contributing $9.4 billion in economic activity and achieving 43 consecutive months of ridership growth as of October 2024. Clarke emphasized, “Where Metro goes, the region grows,” underscoring the economic implications of a modernized and reliable Metro system. However, he warned that without long-term funding indexed to inflation and upgrades like an updated signaling system, Metro’s ability to continue to serve the region remains at risk.

VIDEO: WMATA General Manager Randy Clarke addresses transportation in Washington DC region

Charles Allen, COG Board Chair and District of Columbia Councilmember, and Paul Smedberg, WMATA Board Vice-Chair and Principal Director, kicked off the DMVMoves panel by sharing updates on the initiative’s progress. They highlighted key improvements in public safety and customer satisfaction, while emphasizing the imperative for sustainable funding for WMATA and urging business leaders to get involved. The subsequent panel, moderated by Nick Donohue, Principal at Capitol Transportation Consulting ,featured, Board of Trade President and CEO Jack McDougle, and Fairfax County Executive Bryan Hill, two leaders on the DMVMoves initiative. Their discussion centered on the ongoing efforts to modernize the region’s transit system and the importance of collaborative action to address the region’s transportation challenges. Panelists stressed that these issues extend beyond Washington, DC, impacting the entire region and similar coalitions across the country. They called for business leaders to play a more active role in supporting a transit system that serves all residents and fosters long-term economic growth.

VIDEO: DMVMoves Taskforce addresses regional transportation issues at CRTF 2024

We were joined by United States Senator Mark Warner for a keynote presentation. Sen. Warner highlighted the regional benefits of the Bipartisan Infrastructure Law and highlighted three key priorities to ensure the vibrancy and vitality of our regional economy and future of transit: 1. Come together as a region to emphasize the expertise and efficiency benefits of concentrating federal workers in the region; 2. Accelerate return-to-office in both the public and private sectors; and 3. Continue to grow and expand regional cooperation initiatives.

VIDEO: Senator Mark Warner addresses transportation in Washington DC region

The final panel, moderated by NBC News Anchor Adam Tuss, gathered regional transportation agency executives to discuss recent progress and collaborations on regional transportation initiatives. The panelists, Virginia Secretary of Transportation W. Sheppard Miller III, Maryland Transportation Secretary Paul Wiedefeld and Director of the District Department of Transportation Sharon Kirshbaum, shared insights on their administrations’ respective visions and regional priorities. Major long-term transportation projects discussed included the Purple Line in Baltimore, the Expansion of Union Station in Washington DC and the construction of The American Legion Memorial, each of which will support the region’s transportation system.

VIDEO: Transportation secretaries discuss transit funding, traffic congestion in Greater Washington

The region’s future depends on bold decisions and sustained collaboration to address evolving challenges. By advancing modernized, innovative transportation solutions, we can ensure a thriving and connected economy for years to come.

Special thanks to our moderator, NBC News 4’s Adam Tuss, and our sponsors—Transurban, HNTB, EXP, Northeast Maglev and WSP—for making this important event possible.

Together, we can shape the future of transportation in our region.

Watch the full recording of the 2024 Capital Region Transportation Forum:

RPLS: Maryland officials engage region’s business community on public safety

Recently, the Board of Trade hosted the Regional Policy Leadership Series with Maryland State Senator William C. Smith, Jr. (District 20, Montgomery County), Prince George County Council Chair Jolene Ivey, Prince George’s County Chief of Police Chief Malik Aziz, and moderator Melonie Johnson, President and COO of MGM National Harbor.

As influential leaders dedicated to public safety and its vital role in our region’s growth, the panel engaged in a thought-provoking webinar. Their work is crucial to our local business community, as they focused on key policies, priorities, and issues affecting us all.  Discussions addressed critical issues such as justice reform, workforce development, community collaboration, and initiatives to support small businesses through community policing and youth intervention programs. Together, they explored long-term sustainable solutions that can create a lasting impact on our communities.

A special thank you to Senator William C. Smith, Jr., Prince George County Council Chair Jolene Ivey, Prince George’s County Chief of Police Chief Malik Aziz, and moderator Melonie Johnson, President and COO, MGM National Harbor, for participating in this insightful and informative webinar! Watch the entire conversation in the YouTube video above.

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