greater washington

Regional Overview and Focus on the ITC/digital Space

UK Digital Mission Masterclass
July 11, 2011
Matt S. Erskine

greater washington region- an overview

Greater Washington includes Washington, DC, Northern Virginia, and Suburban Maryland, encompassing twenty-six jurisdictions and a population of 6.2 million people Unique metropolitan region in the US with two states and federal district Three world-class airports The Greater Washington Initiatives definition of the region differs slightly from the traditional government definition of the metropolitan statistical area (MSA), making it more expansive and representative of the true economic interdependence and dynamism of the region

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story of greater washington now and moving forward

Greater Washington has an unrivaled portfolio of assets that has fueled the regions impressive economic performance over the past two decades and will continue to do so in the years ahead. Increasingly, the world is recognizing Greater Washingtons leading position in such areas as: Economic growth, stability, and resilience Educational attainment Talent attraction Economic and workforce diversity Global connectivity.

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story of greater washington now and moving forward

No. 1 Metros Where The The nation's capital is emerging from the recession better than any Recession Is Easing other major metropolitan area in Forbes the country. Forbes Washington DC is the only No. 2 Top Metros for metropolitan area east of the Mississippi River characterized by Quality of Life and 10 high levels of growth, diversity, Best Places for Young and educational attainment. Adults No. 1 US Metros for Brookings Institute Portfolio.com Real Estate Investment Washington, DC is increasingly Association of Foreign drawing in the young and wealthy. Investors in Real Nielsen Claritas Estate The region is chock-full of job prospects, entertainment venues and great No. 2 Major Metro Best Metros for neighborhoods, and it is the Next Decade booming. Kiplingers Kiplingers
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economic strength and stability

Greater Washington is firmly established as the fifthlargest regional economy in the US, with a 2009 Gross Regional Product of $443 billion. Greater Washington has outperformed virtually every other major metropolitan area in recent years, with an average annual growth rate of 5.3% since 1990.

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economic strength and stability

Greater Washington boasts the second-highest gross regional product per capita in the US. At 5.9%, Greater Washingtons unemployment rate remains far below that of all other major metropolitan areas. Greater Washington had the largest over-the-year percentage increase in employment among large metro regions.

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economic diversity

Business and Professional Services is the largest single employment sector, employing 22.8% of all workers in the region. Education and Health Services employment has grown by more than 26% since 2001 and is projected to post significant increases in the years ahead.

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economic diversity

Since 2000, Greater Washingtons Business and Professional Services sector has increased by nearly 118,000 workers. During this same period, no region has added even half the number of jobs gained by Greater Washington in this sector.

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workforce diversity

Greater Washington is number one among major metropolitan regions for female executives, as well as for median earnings of the female workforce. Greater Washington attracts the worlds best minds nearly 42% of the regions foreign-born workforce possesses a bachelors degree or higher.

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knowledge production & attraction

Greater Washington has the most the most highlyeducated workforce of any major metropolitan region in the US. There are more college educated people in Greater Washington than in Austin, Charlotte, San Jose, and Raleigh combined.

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knowledge production & attraction

Each year, Greater Washingtons world-class colleges and universities produce more than 70,000 college graduates. Six of the countrys ten most educated counties are located within Greater Washington (including the top five most educated counties in the US).

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knowledge production & attraction

Greater Washington ranks first in the proportion of its workforce in todays most promising occupations: Business & Financial Computer and Mathematical Science Life, Physical, & Social Science Legal Occupations.

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innovation & entrepreneurship

Greater Washington has led the country in the number of Inc. 500 companies for the past 13 consecutive years. In 2010, Greater Washington featured 58 Inc. 500 companiesmore than anywhere else in the US.

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innovation & entrepreneurship

Research and development activity continues to support innovation in the regions key industries. In 2008, regional universities and colleges received $3.6 billion in federal research and development expendituresdwarfing the level of investment of every other region in the country.

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information & communication technology

Greater Washingtons Information and Communication Technology workforce is second only to New York, with more than 200,000 workers. Greater Washingtons top ten university computer science programs produced 20,600 graduates in 2009a 158% increase since 2005.

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information & communication technology

In 2009, venture capital firms invested nearly $200 million in regional firms representing such sectors as software and telecommunications. Of the 48 Inc. 500 fastest growing companies in the US that are headquartered in Greater Washington, ten of them are in IT services, software, and telecommunications.
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international business

Greater Washington is home to almost 1,000 foreign-owned firms representing more than 50 countries throughout the world. More than 1.2 million people in Greater Washington speak at least one other language in addition to English.

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greater washington ranks 5th in the US for the number of foreign-owned firms
Seattle

Boston New York San Francisco / San Jose Los Angeles Dallas Houston Miami Chicago Philadelphia Greater Washington

Atlanta

2,500 2,000 1,500 1,000 500 0 NYC DAL SF/SJ MIA LA PHILLY

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CHI SEA
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GW

ATL

HOU

BOS

greater washington foreign-owned firms analysis: industry and country of origin breakdown
Top 5 Industries
250 200 150 100 5 0 0
ICT I MANUFACTURING ENGINEERING PROFESSIONAL SERVICES A/D/S+

Top 5 Countries of Origin

200 200 150 150 100 100 5 50 0 0

ENGLAND GERMANY

FRANCE

CANADA

JAPAN

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global connectivity

With combined domestic and international service to more than 40 global cities, Greater Washington is connected to 80 percent of the worlds economy.

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north america market access

Sixty percent of the US and Canadian economies nearly 20 percent of the worlds gross domestic product is within a two-hour flight from Greater Washington

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federal government foundation

In 2009, federal procurement in Greater Washington totaled approximately $75 billion. Greater Washington continues to outperform every state in the US in federal procurement.

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quality of place & culture

Higher incomes and lower cost of living equals a powerful and attractive combination - Greater Washingtons cost of living ranks well below other US cities such as New York, Los Angeles, San Francisco, and Chicago. Health care costs in Greater Washington are among the lowest of any major metropolitan region in the US.

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energy efficiency & sustainability

While regions throughout the world are quick to proclaim their commitment to Energy Efficiency and Sustainability, few areas compare to Greater Washington. Greater Washingtons leadership and comprehensive integration across a portfolio of assets human capital, research and development, thought leadership, private enterprise, green expenditures, and a culture of sustainability will drive business success in this industry unlike anywhere else. July 11, 2011

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greater washingtons health care costs are lower than most competitor regions
Annual Health Care Costs Per Employee

Greater Washington Atlanta Boston 18.3% Chicago Dallas 21.1% Los Angeles New York City Philadelphia 21.2% San Francisco

17.5% 20.6%
Source: Hewitt Associates

20.3%

16.7% 12.5%

31.2%

$0
25 2005

$2,000
2009

$4,000

$6,000

$8,000

$10,000

(05 09 Growth Rate in White)

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2005 U.S. AVERAGE 2009 U.S. AVERAGE

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