Cranes in the air, vital communities and a progressive push to change the image of a diverse federal district are signals evolving in the District of Columbia. As the robust housing construction at affordable prices and the development of retail sales continues, the economic boom of DC is a common benefit for residents and businesses.
Under the leadership of Mayor Muriel Bowser, the district has taken proactive steps to build relationships with the business community, making sure that not only locals in the neighborhood who are job seekers have a good shot in terms of economic prosperity through the First Source program, but they also allow continuous investment and support for communities in which businesses grow.
local workforce and infrastructure is a collaborative effort at city level. The district is the first in the nation to create a local government agency dedicated to public-private partnerships. Launched in 2015, the Public Partnership Bureau specifically focuses on expanding economic opportunities for the Sector by meeting infrastructure needs and government services.
For a private business to work with the District, this gives them access to the human capital of skilled and trained residents to prioritize projects. Through the DC Department of Employment Services, a private business can continue to invest in the sector’s workforce by facilitating workforce development programs and specialized training for residents in residential areas, faced with barriers or difficulties in terms of employment
. The $ 16.75 million investment in the Ward 8 Pepco DC Infrastructure Academy has contributed more than $ 5 million to workforce development programs that will be offered to the academy as part of the Exelon fusion agreement
Pepco or other companies working with the district are expanding a diversified and skilled local labor market, especially for demand industries such as solar, IT, construction, infrastructure and health care. This can also translate to the longevity of business in the District, which increases the economic vision of the city. When a business is not only committed to bringing its services to the District and investing its contributions through partnerships with local government agencies and community organizations, it is a demonstration of how the business is of major importance in cultivating a healthy local economy within the District  Investments and partnerships with the private sector contribute to lowering the unemployment rate at national and local levels, especially in areas where it is critical. While the district faces a global fall in unemployment, Sections 7 and 8 are still facing high unemployment rates. In April, the Washington metropolitan area added more than 15,000 jobs, helping to reduce the unemployment rate in the district.
US Mayors Conference has recently released a report showing the economic growth of metropolitan regions across the country. According to the report, in 2017, metropolitan areas across the nation added 1.9 million jobs, representing 91.6% of personal salary. The US Mayors’ Conference clarifies that metropolitan regions are the driving force of the nation’s economy.
As the city horizon changes with newly built residential and commercial buildings, the district remains committed to continuing to work actively with the business community to achieve the vision of ensuring that residents in the district are on a path of economic prosperity , making a strong and sustained workforce