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InDC Economic Trendsetters: DC Economic Development Outlook March 25, 2011. Harriet Tregoning, Director. DC is no longer a government town. Total DC Jobs (000’s): 728.3 Private Sector : 479.4 ( 65.8%) Government Sector 248.9 (34.2%)

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indc economic trendsetters dc economic development outlook march 25 2011

InDC Economic Trendsetters:DC Economic Development OutlookMarch 25, 2011

Harriet Tregoning, Director

dc is no longer a government town
DC is no longer a government town

Total DC Jobs (000’s): 728.3

  • Private Sector: 479.4 (65.8%)
  • Government Sector 248.9 (34.2%)

Eds and Meds: second largest source of DC private sector jobs:

#1: Prof/Business services 159.3 (21.9%)

#2: Education & health 111.1 (15.3%)

Source: Louis Dreyfus Property Group

eds and meds top employers in dc
Eds and Meds: Top Employers in DC
  • Georgetown University
  • The George Washington University
  • Washington Hospital Center
  • Children's National Medical Center
  • Howard University
  • Georgetown University Hospital
  • American University
  • Fannie Mae
  • Catholic University of America
  • Providence Hospital
  • Howard University Hospital
  • Sibley Memorial Hospital
  • George Washington University Hospital
dc s eds meds where do their employees live
DC’s Eds & Meds: Where do their employees live?
  • DC Hospitalsemploy over 25,000 people from the region
  • 23 % of these employees live in DC

Source: DC Hospital Association, 2005

meds what kinds of jobs
Meds: What kinds of jobs?

Hospital Jobs:

  • 28%: registered nurses
  • 21% service occupations
  • large numbers of office & administrative support workers

All Healthcare sector jobs:

32%: service occupations

44%: professional occupations

18%: office and administrative support

4%: management, business, and financial operations

eds what kinds of jobs
Eds: What kinds of jobs?
  • 67 % are professional and related occupations
  • Other Types of Jobs:
  • Management, business, and financial occupations (6%)
  • Service occupations—food preparation and serving, building cleaning, child care (11%)
  • Administrative and office support occupations (11%)
  • Installation, maintenance, and repair occupations (1%)
regional tech snapshot
Regional tech snapshot
  • Highest concentration of technologists (computer and math scientists, computer software engineers and network systems analysts) in country
  • Second only to Boston for information and communication technology degree production
  • Robust innovation infrastructure, including key research and development institutions
  • Region receives $21 billion in federal R & D spending
  • Leader in capturing R & D funding but lags in patent production and commercialization
dc s changing entrepreneurial base
DC’s Changing Entrepreneurial Base…

9

  • DC named as #1 city for young professionals and #3 for entrepreneurs
  • 75,000 creative jobs generating $5bn income annually
  • Twenty-three universities and several hundred research institutions leading innovation
  • 47% DC residents have college or post-graduate experience
  • 81% have access to internet
  • Influx of young professionals attracted to vibrant neighborhoods, with an increase of 10.8% of 25-34 year olds between 2000 and 2009
  • Development of residential products that suit young professionals, mixed use
slide10

13,000 tweets by 2434 people

  • 10 day digital arts and technology festival
  • Almost 6,000 registrants
  • Entrepreneurship and business start-up focus
  • Pop-up Digital Arts and Technology Lab
growing entrepreneurs neighborhood businesses
Growing entrepreneurs & neighborhood businesses
  • Creative DC Action Agenda
  • Retail Action Strategy, pop-up retail
  • Actionomics [DC]
slide12

DC Week:Raising the profile of DC’s tech community

actionomics [dc]: Digital Capital Week

future entrepreneurship factors for a favorable environment
Future entrepreneurship: factors for a favorable environment
  • Wealth of talent in city and region
  • Availability of infill and 2nd floor space in established and emerging neighborhoods
  • Underleveraged business to business and VC opportunities
  • Increasing support infrastructure, e.g. Net2000 incentive, Digital Capital Week
  • However..
  • Lack of incubation, commercialization and tech transfer activities
  • Limited affordable space for start-ups in sought-after creative neighborhoods
  • High capital gains tax compared to region
anchoring future tech growth st es innovation hub
Anchoring Future Tech Growth – St Es Innovation Hub
  • DC firms captured largest share DHS tech procurement in region
  • Large firms specialize in computer systems and integration
st es innovation strategy drivers
St Es Innovation Strategy ‘Drivers’
  • Federal grant to support local innovation strategy in tandem with regional
  • Strategy led by OP and DMPED, in collaboration with agency partners assistance from industry experts, input from public and private sector
for more information
For more information

Harriet Tregoning

Director

District of Columbia Office of Planning

1100 4th St. SW, Suite 650E

Washington DC 20024

202-442-7600

harriet.tregoning@dc.gov

www.planning.dc.gov

appendix dc hospital employees state of residence
Appendix: DC Hospital Employees State of Residence

Note: Calculations exclude Greater Southeast Community Hospital Specialty Hospital of Washington, psychiatric and federal hospitals.

Source: 2005 DCHA Financial Indicators Survey.