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%)
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 DC1. Georgetown University
2. The George Washington University
3. Washington Hospital Center
4. Children's National Medical Center
5. Howard University
6. Georgetown University Hospital
7. American University
8. Fannie Mae
9. Catholic University of America
10.Providence Hospital
11. Howard University Hospital
12.Sibley Memorial Hospital
13.George Washington University Hospital
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DC’s Eds & Meds: Where do their employees live?
• DC Hospitals employ over 25,000 people from the region
• 23 % of these employees live in DC
Source: DC Hospital Association, 2005
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?
• 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
• 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
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DC’s Changing Entrepreneurial Base… • 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
• 10 day digital arts and technology festival
• Almost 6,000 registrants • Entrepreneurship and business
start-up focus • Pop-up Digital Arts and Technology
Lab
13,000 tweets by 2434 people
Growing entrepreneurs & neighborhood businesses
• Creative DC Action Agenda• Retail Action Strategy, pop-up
retail• Actionomics [DC]
actionomics [dc]: Digital Capital Week
DC Week: Raising the profile of DC’s tech community
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
• DC firms captured largest share DHS tech procurement in region
• Large firms specialize in computer systems and integration
St Es Innovation Strategy ‘Drivers’
Workforce development• Context: 14,000 jobs at new DHS
headquarters; growth in occupations
e.g. compliance, tech• Connect DC residents, particularly
Wards 7 and 8, to range of DHS jobs • Align workforce service providers
training with employers’ needs• Help match existing skills to
upcoming jobs
Business development• Context: $14 billion annual
procurement activity; few top
contractors in DC • Help DC firms and entrepreneurs
benefit from innovation economy with
access to investment capital and
procurement• Attract and grow new HS firms• Link new anchor employers with local
firms
Real estate & support infrastructure• Context: Unique campus-like buildings
on East Campus in need of major
renovations and upgrades • Build facilities and infrastructure to
support innovation hub• Housing strategy, e.g. Live Near Your
Work
Education• Context: 300+ security-related
programs• Explore potential for education
programs at St Es• Attract Higher Ed partners to tap
innovation hub potential• Create professional linkages between
students and St. E’s• Identify roles for St. E’s in DC’s pre-K
to 24 strategy
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
Harriet TregoningDirectorDistrict of Columbia Office of Planning1100 4th St. SW, Suite 650EWashington DC [email protected]
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.
Percentage of District Hospital Employees Residing in D.C., Maryland and Virginia
District of Columbia
Maryland Virginia Other
Children’s National Medical Center 24.82% 60.03% 14.47% 0.69% George Washington University Hospital 21.16% 49.35% 29.29% 0.19% Georgetown University Hospital 24.90% 42.56% 31.12% 1.43% Howard University Hospital 28.98% 63.04% 7.87% 0.11% National Rehabilitation Hospital 16.01% 71.19% 12.79% 0.00% Providence Hospital 25.21% 67.70% 6.24% 0.85% SHW-Hadley Memorial Hospital 24.80% 69.07% 6.13% 0.00% Sibley Memorial Hospital 22.02% 56.24% 21.59% 0.14% Washington Hospital Center 21.50% 66.48% 11.38% 0.65%