We’re helping Greater Washington attract new business for a strong and diversified economy.
The Washington, D.C. metropolitan area has the fifth largest economy among metropolitan areas in the United States. Historically, the U.S. federal government and its contractors were the backbone of our economic growth. This heavy reliance on the federal government has kept our region afloat during economic downturns, but it has also brought business to a sudden halt during government shutdowns.
Diversifying the Greater Washington economy will lower risks while giving the region’s many graduates more options for building a life and career in the region that gave them their education.
Amazon and Technology Sector Growth
The Board of Trade was a vocal supporter of the region’s effort to secure Amazon’s second headquarters. This work included campaigning for and securing dedicated Metro funding via the MetroNow initiative and supporting Arlington County’s performance agreement. Both efforts made Crystal City a more attractive location for Amazon and other companies looking for a highly-educated workforce, reliable infrastructure, and a welcoming policy environment.
Council of Economic Development Organizations (CEDO)
The Board of Trade hosts officials from area economic development organizations 3-4 times per year for open discussions on the region’s economic development opportunities.
The Board of Trade hosts executives and chairs of area chambers of commerce for dinner 3-4 times per year to discuss regional issues facing the business environment and opportunities for collective advocacy. Recent topics for discussion include:
- Diversity and inclusion
- Affordable housing
- Highway bills in MD and VA
Greater Washington Initiative
The Board of Trade founded the Greater Washington Initiative (GWI) in the 1990s to attract businesses from other parts of the country and the world. Board of Trade staff and members traveled to other metro areas, from Silicon Valley to London, to make the case for business expansion in the D.C. region. GWI has marketed the region as an optimum location to live and conduct business, thereby spurring economic growth and job opportunities.