Washington, DC is a world-class city that boasts tremendous assets and opportunities. A highly educated workforce, a prosperous business climate, and a hub for the world’s most influential decision makers and innovators are just a few of the reasons our nation’s capital is a great place to do business.
The District of Columbia creates an environment for economic development for businesses ranging from home-based sole proprietorships to large publicly traded companies. The growth of the District's employment base and number of residents closely tracks the increase in locally based companies. Several agencies and organizations lead the planning, technical assistance, and revitalization projects necessary to capitalize on potential economic development opportunities.
DC has one of the most highly educated and competitive workforces of any city in the world, sustaining the competitive edge of the region’s knowledge-based economy. The area’s abundance of universities and growing number of accelerators and incubators have provided strong supporters of startup firms in the city. The region’s colleges and universities provide research grants, assistance, and business incubation critical to local business development, making the DC area one of the leading research centers in the U.S.
DC is home to the nation’s capital, 16 universities, and several hundred government and private-sector research institutions, making the District a global hub for innovation in technology, policy, finance and many other disciplines. Governors, mayors, heads of state, university presidents, CEOs of energy companies, utilities, and hospital groups — all of these decision makers come through Washington on a regular basis, making DC a prime location for technology companies in regulated industries!