Check out this downtown key facts and trends snapshot to learn why downtown matters, how it is in transition, and what we are doing about it.

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.

Every five years, the District of Columbia updates its economic development strategy. The strategy is a tool for identifying challenges and opportunities, setting goals and priorities, guiding action and investments, and aligning stakeholders to achieve a shared vision.

View more information about the FY24 DMPED Budget Overview.

Various existing and new grant programs and procurement opportunities for DC businesses will be available through the DMPED cluster in fiscal year 2023. Program details and updates will be added here as they become available. Check here for Program details.

In March 2022 Mayor Muriel Bowser proposed the Housing in Downtown program to encourage the creation of new housing in downtown; the Council amended and finalized the incentive during the FY23 budget process.