Washington, DC is a resilient city that pivots and grows in the face of challenges. We will continue to be the best city in the world to do business, bring big ideas to life, and set the standard for inclusive prosperity.

DMPED is updating Washington, DC’s economic development strategy to guide economic development efforts for the next five years. The new strategy will replace DC’s current Economic Strategy, which expires in 2022.

To address the racial disparities in homeownership and household wealth in the District, Mayor Bowser created a Black Homeownership Strike Force.

Various existing and new grant programs will be available through the DMPED cluster in fiscal year 2022 to support economic recovery by providing support to businesses and entrepreneurs. Check here for Program details.

DMPED's FY23 budget makes significant investments across all program areas with a focus on equitable economic development across all eight wards, and an emphasis on revitalizing Downtown. 

October 1, 2021 - September 30, 2022
While we continue to take all precautions to protect public health during the ongoing pandemic, DC is open! Events play an important role of making DC a wonderful place to live and visit, and provide economic impact to local businesses and entrepreneurs. As such, they are a critical part of our economic recovery. In FY22, Mayor Bowser will provide various new resources to support events that benefit DC communities.