DOING BUSINESS IN WASHINGTON, DC
Washington DC Economic Partnership
202-661-8673
dford@wdcep.com
wdcep.com
“With a 6.5% increase in GDP and a rising population, Washington, DC is experiencing significant growth. Our Vitality Fund eases entry into the nation’s capital for businesses in key sectors like cybersecurity, artificial intelligence, and others. DC is open for business!”
— Derek Ford, President & CEO,
Washington DC Economic Partnership
TOP PROJECTS
COMPANY | SQUARE FOOTAGE |
Monumental Sports | 200,000 |
American Enterprise Institute | 27,581 |
American Clean Power Association | 27,000 |
Meridiam | 20,000 |
Kellen Company | 17,000 |
TARGETED GROWTH SECTORS
Cybersecurity: Washington, DC has positioned itself as the center of the cybersecurity industry with a projected 41% increase in cyber-related employment by 2028.
Artificial Intelligence: Washington, DC has emerged as a beacon of innovation in the artificial intelligence sector. U.S. government spending on artificial intelligence contracts totaled $3.3 billion in 2023, with AI companies in DC benefitting from direct access to federal contracts.
Management Consulting & Think Tanks: Washington, DC, is home to the world’s leading consultancies and think tanks with direct access to policymakers and global nonprofit headquarters.
FAST FACTS
Population (2023 est.): 678,972¹
Real GDP (2023): $146 billion²
¹ U.S. Census Bureau
² Bureau of Economic Analysis, U.S. Dept. of Commerce
INCENTIVE PROGRAM
The Vitality Fund is a multi-year, performance-based incentive program designed to support companies in target industries actively planning to relocate, expand, or retain their physical location in Washington, DC, and to encourage the creation of new jobs.
TOP BUSINESS FACILITIES RANKINGS
Top 10 AI Growth Hubs | 2024 State Rankings |
#3 Life Sciences Growth | 2024 Metro Rankings |
#3 Tech Talent Leaders (over 125k) | 2024 Metro Rankings |
Top 5 Fintech Leaders | 2024 Metro Rankings |
Top 5 Sustainable Cities | 2024 Metro Rankings |
Top 10 AI Growth Hubs | 2024 Metro Rankings |
Top 5 Financial Centers (North America) | 2024 Global Rankings |
