It’s the Economy

Washington, D.C. has been actively working on various initiatives to boost economic development. Here are some key highlights:

1. Office-to-Anything Program: This initiative aims to convert vacant and underutilized office spaces into new commercial uses.
2. DC Venture Capital Fund Program: A $26 million fund designed to make equity investments in pre-seed, seed, and early-stage tech companies based in Washington, D.C.
3. Housing in Downtown Program: Expected to support the District in reaching 90% of the goal to add 15,000 residents downtown by 2028.
4. Small Business Census: Conducted to better understand the small business community and ensure that DC is a place where small business owners of all backgrounds can thrive.

The Washington DC Economic Partnership (WDCEP) also plays a significant role in fostering economic growth by connecting the public sector to national and international corporations. They provide support for business relocation, growth, and offer key insights from local executives2.