Testimony: Board of Trade supports DMVMoves Task Force recommendations to secure sustainable funding for regional transit

Category: Insights

Testimony: Board of Trade supports DMVMoves Task Force recommendations to secure sustainable funding for regional transit

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About this Testimony: 

Jack McDougle, President & CEO of the Board of Trade, speaking as Chair of the Community Partners Advisory Group, delivered strong support for the DMVMoves Task Force’s draft recommendations to secure sustainable funding and regional coordination for transit across the Greater Washington area. New capital funding would generate $460 million annually in dedicated, bondable capital for Metro beginning FY2028, addressing long-standing funding gaps to keep the system safe and modern. Furthering modernization and financial stability for Metro is important for growing our economy and workforce to meet the future needs of this region.

Video of Testimony: 

Written Testimony Submitted: 

DOWNLOAD HERE

October 30, 2025

Dear members of the DMVMoves Task Force, 

Thank you for your leadership and tremendous work that has gone into this process. I’d also like to thank my fellow advisory committee chair, Bryan Hill; the members of both advisory committees; and Clark Mercer and his team at COG, especially Kanti and Monica—for guiding this effort. And thank you as well to Nick Donohue for his thoughtful leadership, technical expertise, and steady facilitation. 

I want to recognize WMATA — General Manager Randy Clarke, his leadership team, and especially Tom Webster — for their responsiveness and for the significant progress they have delivered. Being named APTA’s Transit Agency of the Year reflects real improvement in safety, reliability, and customer experience. Without that progress, we would be having a very different conversation today. 

I’m Jack McDougle, President and CEO of the Greater Washington Board of Trade, and it’s been a privilege to chair the Community Partners Advisory Group. Our committee brought together business, labor, community advocates, and nonprofit leaders. We debated tough issues, and while we didn’t agree on every priority, we reached meaningful consensus around the need for integrated, reliable, and sustainably funded transit across the region. 

This effort is especially urgent as the federal government restructures and disruptive technologies accelerate. Our region must be able to compete for talent, investment, and innovation in a rapidly changing economy. 

If we can’t move people, we can’t move opportunity. That’s why the recommendations before you matter. They provide $460 million per year in new, bondable capital beginning in FY2028—growing three percent annually—to keep Metro safe, modern, and efficient. Securing durable, dedicated capital funding is something this region has struggled to achieve for decades, and reaching consensus on this framework is a milestone worth celebrating. 

The recommendations also set a path to align our 14 transit providers into a seamless regional network—fare policies, service guidelines, training, and priority investments. That’s how we move from a collection of systems to a coordinated platform that supports riders and drives economic growth. 

We’ve heard thoughtful feedback urging us to go further. Continued work on dedicated operating funding, stronger bus-priority implementation, accountability for delivery, workforce transition strategies, and regional studies of tools like congestion pricing and land value capture are all important next-phase conversations. Nothing in these recommendations precludes that work. In fact, they create the structure required to do it responsibly. 

But we must act now. The upcoming legislative sessions present a narrow window to secure long-term stability. If we allow the perfect to become the enemy of the good, we risk losing momentum, weakening public confidence, and slowing economic recovery. Not supporting these recommendations would take us a step backward and push us farther from the work many want to pursue next. 

From the business community’s perspective, this is about competitiveness and quality of life. Metro and our local transit systems support over $25 billion in annual economic activity, connect nearly a million daily trips, and underpin our ability to attract and retain talent and capital. Failing to act would cost far more—in congestion, lost productivity, and diminished trust in our region’s future. 

This plan is not the end of the journey; it is a beginning. We strongly support continuing a community advisory body as COG leads this next phase, with clear milestones, transparent reporting, and regional accountability. That is how we convert recommendations into results. 

Greater Washington has the assets, the talent, and the vision. Now we need the resolve. Let’s move forward together—because when our region moves, our economy moves, and our people thrive. 

Thank you, 

Jack McDougle 

President & CEO 

Greater Washington Board of Trade 

Board of Trade Addresses ‘Workplace of Tomorrow’ at GW Business & Policy Forum

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The Board of Trade joined regional leaders and MBA students at George Washington University’s Business & Policy Forum on October 22 to explore how innovation and policy are shaping the workplace of tomorrow and the region’s economic future.

The George Washington University School of Business reconvened its third annual Business & Policy Forum, “The Future of Work is Now,” to explore the opportunities and implications the future of work holds for technology, organizations, employees, and policymakers. Additional topics ranged from adapting and thriving in the workplace of tomorrow to sustainability and social impact.

Our President & CEO, Jack McDougle, joined fellow panelists to discuss the future of workforce and technology, sharing insights on how our region can adapt, invest, and lead in a rapidly changing economy. Jack outlined the strengths of the Greater Washington region: a highly educated workforce, deep federal roots, and a vibrant entrepreneurial ecosystem that now ranks fifth nationally in venture capital investment. Yet, he warned that the same proximity to government that fuels stability can also breed risk aversion. For the region to fully leverage its advantages, both the public and private sectors must embrace a mindset of experimentation.

He pointed to Washington, D.C.’s delayed legislation on autonomous vehicles, noting how it has affected investment from Waymo and other innovators in the field—highlighting the region’s technical strength but cautious regulatory pace. “If we want to position ourselves as a global hub for innovation,” he said, “we need to demonstrate that we are willing to take on innovative technologies.”

The panel holistically closed with a reminder that, despite the promises of technology, progress depends on people’s willingness to adapt and challenge the status quo, underscoring the urgent need for cultural and institutional agility as the region prepares for the next wave of economic change. And that forward-thinking companies and organizations must be willing to experiment, collaborate, and rethink the traditional definition of workforce to best be equipped to thrive in the future.

We also heard from George Washington University President, Ellen Granberg, about how the university is helping grow opportunities and engage the community.

Forum attendees not only heard from several of the most influential figures in the future of work, but also enjoyed a premier networking opportunity to engage with key players, discover the innovations shifting business landscapes, and learn to adapt to changing work environments.

Thank you to The George Washington University and The George Washington University School of Business for helping grow Greater Washington! Events like this highlight the power of collaboration across business, government, and education to strengthen our region’s competitiveness and inclusive growth.

Learn more about where the Board of Trade is positioned on certain policy and legislation efforts in our region: https://bit.ly/4qu3Odh

Executive Leadership Roundtable Recap: What Regional Leaders Are Watching

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When conditions feel wobbly underfoot, the horizon matters most. Near-term signals can shake; what counts is the broader trajectory—and how leaders adapt. To compare notes on shifting conditions in the region, senior executives met on October 17 at Akin Gump Strauss Hauer & Field’s Washington, D.C., office for a candid Executive Leadership Roundtable with Tom Barkin, President & CEO of the Federal Reserve Bank of Richmond. The value came from leaders comparing notes in real time, connecting front-line experience with broader economic context.

Several recurring trends emerged

People & Demand

Hiring remains muted but stable—a low-hire/low-fire posture with attrition doing most of the work. Candidate availability has improved across many roles, but skilled trades, childcare, and eldercare remain tight. On the demand side, consumers are choosier and value-seeking, trading down (e.g., private label; repair vs. replace), with meaningful variability by sector.

Productivity & Operating Models

To protect margins, many firms are leaning into process redesign, automation, and practical AI—especially in support workflows (documentation, collections, customer contact). In practice, these moves often substitute for incremental hiring while leaders monitor service quality and outcomes.

Systems & Infrastructure

Capital planning assumes multiple interest-rate paths rather than a single trajectory. Supply chains continue to localize (“local-for-local”) where feasible as trade policy evolves. Meanwhile, accelerating demand from AI/data centers is colliding with long lead times for generation and transmission—raising near-term questions about power readiness. In commercial real estate, office softness (particularly B/C space in large cores) contrasts with relative strength in industrial, logistics, and data-center assets; the DMV feels the office adjustment more acutely than many markets.

Why it matters

The throughline wasn’t a single indicator; it was operating adaptation. Old playbooks map poorly to today’s pace and complexity. What’s working now: diversified talent strategies, productivity investments (including practical AI), financial flexibility, and regional alignment on housing and transportation to keep our talent advantage.

What leaders are watching next

  • Labor fit: Will skills pipelines (training, credentials, migration) keep pace with role requirements?
  • Cost pass-through vs. productivity: Can process/tech gains continue to offset input costs without eroding service?
  • Grid readiness: How quickly can generation/transmission investments meet data-center demand without bottlenecks?

The Board of Trade will continue convening executive-level dialogues that surface timely insights and connect them to practical action for our region.

​​Thank you to the Federal Reserve Bank of Richmond and Akin Gump Strauss Hauer & Field for partnering on this vital discussion that engages our members and partners in the region.

Coffee & Conversation Recap: Confronting Hunger and Economic Insecurity in Greater Washington

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October’s Coffee & Conversation featured leaders from the Capital Area Food Bank (CAFB), who shared key findings from their 2025 Hunger Report – a sobering look at how economic pressures, wage stagnation, and federal workforce transitions are shaping food insecurity across the region. 

According to CAFB’s research with NORC at the University of Chicago, 36% of households in the DMV are food insecure, a rate that has remained elevated for two consecutive years. County rates range from 22% in Arlington to 49% in Prince George’s County, underscoring how widespread and persistent this challenge has become. The report points to deepening strain on working families as inflation outpaces wages and pandemic-era support expires. 

“We see families borrowing against their futures to meet today’s basic needs,” said CAFB President & CEO Radha Muthiah. “People are skipping savings, taking on credit-card debt, and even withdrawing from retirement accounts just to put food on the table.” 

Many food-insecure households include employed adults – teachers, healthcare workers, and public servants – earning too little to meet the region’s $140,000 living-wage threshold for a family of four. The conversation highlighted that solving hunger isn’t simply about distributing more food – it’s about strengthening the systems that enable financial stability. 

CAFB leaders shared examples of innovative partnerships that bundle food assistance with healthcare and workforce training, including Food Is Medicine programs with area hospitals and grocery-card stipends for college students pursuing credentials in high-demand fields. These integrated approaches aim to improve both individual well-being and regional productivity. 

Board of Trade President & CEO Jack McDougle closed by underscoring the economic stakes: 

“Food insecurity isn’t just a social issue; it’s an economic one. If we want Greater Washington to reach its full potential, we need to connect more people to opportunity and stability.” 

 

What the Business Community Can Do 

The conversation turned to practical steps the private sector can take to help reverse these trends: 

  • Advocate and support efforts that protect access to nutrition and healthcare programs like SNAP and school meals, which help working families stay afloat. 
  • Promote “Food Is Medicine” partnerships by engaging with healthcare systems and nonprofits to strengthen community health and workforce resilience. 
  • Invest in upskilling and talent pathways—collaborate with colleges and training providers to recruit, mentor, and support individuals moving into living-wage careers. 

By working together across sectors, employers can help address the root causes of hunger while building a healthier, more productive regional economy. 

Read the full 2025 Hunger Report: Capital Area Food Bank Hunger Report 2025 

About Coffee & Conversation

Coffee & Conversation brings Board of Trade members together for interactive, member-led discussions on timely topics shaping Greater Washington. Each session features a concise expert briefing, open dialogue, and time for coffee and networking – offering valuable insights, peer exchange, and meaningful professional connections.

Visit boardoftrade.org/events for more programming.

​​Thank you to the Capital Area Food Bank for partnering on this vital discussion that engages our members and partners in the region.

GWBOT October 2025 Newsletter

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The Board of Trade remains focused on advancing the priorities that matter most to Greater Washington. This October newsletter shows a variety of engagements we have had across Greater Washington 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 October 2025 Newsletter here

Voices from the Table: September Insights

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When leaders in Greater Washington gather around a table, bonds form and conversations deepen. At the Board of Trade’s weekly Executive Meals, those connections become catalysts — helping executives see challenges differently, surface new opportunities, and drive change for the Capital Region. 

A Region in Transition 

September’s conversations reflected both the pressures and possibilities of this moment. Leaders acknowledged workforce stress, the pace of technological change, and cultural polarization. Yet the dialogue pointed less to obstacles and more to strengths — adaptability, optimism, and collaboration. 

Board of Trade President & CEO, Jack McDougle, emphasized that the Capital Region is not defined by its federal footprint. With only one-fifth of jobs tied directly to government, our future depends on how we cultivate talent, embrace innovation, and invest in infrastructure. 

Leadership tone also stood out as a competitive asset. Calm, integrity, and optimism aren’t just virtues — they shape how organizations, and the region as a whole, navigate turbulence. 

Executives also highlighted the foundations needed to scale a digital economy: reliable energy, cybersecurity, and modern infrastructure. Federal spending tied to industrial policy and technology adoption creates clear opportunities for regional firms and talent. But seizing these gains must be balanced with protecting nonprofits, universities, and services that risk being left behind. 

Food for Thought 

These conversations didn’t aim for answers, but for sharper questions. Among those, the region must keep asking: 

  • How can we unlock adaptability by aligning talent, innovation, and infrastructure? 
  • What does optimism in leadership look like when uncertainty surrounds us? 
  • How do we turn AI into an engine for both opportunity and responsibility? 
  • What bold steps would move the Capital Region from fragmented to united? 
  • How do we capture the upside of federal investment in energy and technology while protecting the nonprofits and services our communities rely on? 

Looking Ahead 

The Capital Region’s competitiveness will not be defined by uncertainty, but by how we adapt together. The Board of Trade will continue convening these conversations, ensuring that executive voices shape not only individual strategies but the collective future of our region together. 

Unlocking Connection Through Storytelling: Leadership Lessons from the O Museum

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As today’s leaders navigate increasingly complex environments, the 2025 TD Bank Morning Star Speaker Series reminds us that leadership growth is strengthened through the stories we tell, the challenges we share, and the connections we build.

On September 24th in Washington, D.C., the Board of Trade, in partnership with TD Bank and the O Street Museum (O Museum), hosted the final session of this year’s series: The Power of Storytelling in Leadership. Surrounded by hidden doors and eclectic artifacts, attendees explored how storytelling can turn everyday interactions into meaningful experiences.

Change, Connection, and the Stories Between

The conversation wove together insights from H. Leonards, founder of the O Museum, and David Hargadon of TD Bank. Leonards reminded guests that creativity, curiosity, and imagination create space for growth and “real change comes from changing one heart at a time.” Hargadon built on this message, sharing how storytelling can strengthen relationships and leadership presence. Networking, he emphasized, isn’t about exchanging cards but about sharing short, memorable moments that reveal values, build trust, and humanize leadership.

Those ideas came to life as participants set out on a scavenger hunt through the museum, using artifacts as prompts for conversation. A vintage guitar might spark a story about teamwork; a hidden door could inspire reflection on navigating change. What could have been ordinary networking quickly became an exercise in discovery, showing how curiosity and shared experience can turn small interactions into genuine connection.

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Lessons That Last

The morning’s conversations left participants with reminders to carry forward:

  • Connection matters: Memorable anecdotes make conversations more impactful.
  • Identity is built through story: Consistent messages reinforce both personal and organizational brands.
  • Resilience inspires: Sharing challenges demonstrates courage and motivates others.

Celebrating the 2025 Series

This session concluded the 2025 TD Bank Morning Star Speaker Series, which over three installments focused on emotional intelligence, collaboration, and storytelling. Across the year, participants gained practical tools, shared experiences, and meaningful dialogue that turned leadership concepts into human connection.

As the Board of Trade looks ahead, that spirit will continue, creating opportunities for Greater Washington leaders to grow and lead in ways that are, in the words of TD Bank, unexpectedly human.

Special Thanks

The Greater Washington Board of Trade extends its thanks to TD Bank for 18 years of partnership in fostering unexpectedly human leadership experiences, and to the O Museum for hosting this imaginative and engaging session.

Founder of the O Museum and beloved figure in Washington, H. Leonards has devoted her life to building spaces that spark curiosity, creativity, and social change. She is also the visionary behind 51 Steps to Freedom®, an app and living trail that turns D.C. into the largest outdoor museum, bringing history to life for a new generation.

Building Momentum for RFK Stadium Redevelopment Project

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The future of RFK Stadium is moving closer to reality after September 17, when D.C. Council voted again in favor of the RFK stadium redevelopment legislation. Redeveloping RFK is not just about building a stadium; it’s about creating a 21st-century destination that reflects the values and ambitions of the District and its residents. The Board of Trade is proud to be a leading voice in shaping that future, and we will remain engaged as the process advances.  (Statement: D.C. Council final vote for redevelopment funding on Sept. 17)

This project represents more than bricks and mortar; it is a chance to reshape an iconic site into a destination that drives economic growth, improves connectivity, and enhances the quality of life across the District and region. The project will create 14,000 construction jobs and 2,000 permanent jobs, generating $4 billion in tax revenue and more than $15.6 billion in direct spending over 30 years. Spanning about 180 acres of the former RFK Stadium site, the campus will transform today’s underused riverfront parcel into a vibrant mixed-use neighborhood.

 

This RFK Stadium stie redesign rendering is provided by KATO. See more here: https://www.rfknewstadium.com/

 

Earlier this year, the Board of Trade, city officials, and other local and regional groups testified before the D.C. Council in support of legislation that would unlock the potential of the RFK site and allow the city to move forward with a transformative vision, including: 

  • Letters of support were submitted to the D.C. Council outlining the opportunity to transform the District through a 65,000-seat roofed stadium for the Washington Commanders, designed to host not only football but also up to 200 annual events, including concerts and cultural gatherings.
  • In initial testimony before the D.C. Council, the case was made for legislation to unlock the potential of the RFK site and advance a broader vision for redevelopment. The testimony highlighted priorities such as strong transit connections, economic competitiveness, and community benefits. Specific elements included 6,000 new housing units (with at least 30% affordable), hotel rooms, new restaurants and retail, parking, an $89 million youth sportsplex, activation of the Fields at RFK, expanded green space, riverfront access, and walkable parks. (read our testimony here)  
  • Subsequent testimony supported the RFK Stadium funding bill and underscored the importance of timely action to prioritize infrastructure, affordable housing, and adherence to construction timelines. (read our second testimony here) 
  • In addition, Mayor Bowser and community leaders convened engagement events, including a rally at the Wilson Building and a stakeholder event hosted by the Mayor, to highlight the redevelopment’s potential business opportunities. These gatherings drew attention to the broad community and economic impacts of this once-in-a-generation project.

Throughout the entire process, we have been in ongoing dialogue with the Washington Commanders to ensure that the project balances economic competitiveness with community needs — from workforce opportunities to improved transit access and mixed-use development that serves residents and businesses alike. With upgraded utilities, new roadways, improved transit access, and vibrant hospitality districts like the Riverfront and Plaza, the project will revitalize the site and surrounding neighborhoods. It will serve as a community anchor by blending housing, commerce, recreation, and entertainment into a powerful driver of growth for the District.

The Board of Trade will continue to champion this redevelopment as an engine of growth, connectivity, and opportunity for the entire region. We look forward to continuing conversations with the Commanders, community leaders, and stakeholders to unlock all that the RFK site has to offer.  

Learn more about how we engage with leaders at the federal, state, and local levels to ensure that the voices of Greater Washington’s business community are heard: https://www.bot.org/business-policy-greater-washington-dc/

Both man and machine are causing big changes in the Washington, D.C. region | WTOP

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This content is sponsored by EagleBank and was originally published on WTOP. 

“Our region is undergoing a fairly significant transformation,” said Jack McDougle, the President and CEO of the Greater Washington Board of Trade, “probably the greatest transformation it’s ever seen.”

The reasons: major shifts in the federal government and the rise of artificial intelligence.

However, McDougle believes government restructuring actually presents an opportunity.

“For the longest time, our region has aspired to develop an economy that wasn’t quite as reliant on the federal government… this is accelerating it.”

“Our region comes to this with a significant resource base,” he said. That includes a highly skilled workforce, a significant university network and other types of research and development activities.

McDougle adds that this region boasts “the third most productive biotech corridor in the country.”

“We’re the fifth largest recipient of venture capital money in the country,” he said.

Further, he states the region will still have a strong presence in the hospitality and tourism area. “If you think about our cultural assets in this region, and our monuments and our parks, that still is a significant draw for a global audience,” he said. “It still will be a pretty broad-based economy.”

Finally, some federal employees are leaving their jobs and starting their own businesses, “which is pretty interesting,” he said.

While those changes are the largely end result of political actions, there are also concerns that A.I. could affect the local economy.

Artificial intelligence itself may not be coming for your job, McDougle said, “but somebody who is equipped with artificial intelligence will be.”

“So it’s in everyone’s interest to figure out how it is that they will work with, use and learn to coexist with artificial intelligence.”

The region’s many small businesses could stand to benefit from A.I.

For businesses grappling with talent issues, “utilizing artificial intelligence now can make them more effective, quicker, (and) more productive with their current staff,” McDougle said.

“The challenge, though, is how do they really adopt those tools? How do they use those tools, and how do they invest in them?”

Despite all the upheaval, McDougle describes himself as optimistic about the region, long-term, because of the resources we have.

“And when you think about…deploying those resources more effectively, we’d be untouchable.”

Those resources include not only access to the federal government, but also “something that’s different about our workforce.”

“Our workforce is a little different because it’s mission driven,” McDougle said. “It’s civic-oriented.”

“And so if we can get out in front on the policy side, the regulatory side, the technology side, the capital and investment side, that’s a really unique combination that no one else has.”

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