Our top priorities for this year include:
- Increase affordable housing. Through partnerships with District housing agencies, DMPED will look to continue to produce, preserve and protect affordable housing. Key initiatives include the Mayor’s Preservation Strike Force, Inclusionary Zoning updates, and continued investment in affordable housing through the Housing Production Trust Fund (HPTF) and land disposition.
- Grow our technology and innovation employment sector. DMPED will continue to support the diversification of DC’s economy through strategic partnerships and high-return investments in technology and innovation. DMPED sees inclusive and diverse innovation as a comparative advantage of the District and will seek to leverage this advantage for the future. Key initiatives include South by Southwest (SXSW), the Howard Hub, the Innovation & Technology Inclusion Council, innoMAYtion, 1776’s Challenge Festival, pitch competitions, and continued use of Qualified High-Tech Companies (QHTC) for key employers.
- Achieve significant progress on large-scale and neighborhood real estate development projects. This year DMPED will continue to make unprecedented process moving its real estate portfolio forward. Key large projects include The Parks at Walter Reed, St. Elizabeths East (infrastructure, Entertainment and Sports Arena, and Phase 1), DC United Stadium, New Communities, and McMillan Sand Filtration redevelopment.
- Create a vibrant and competitive place for job creation, relocation, and growth. This year, DMPED will continue our efforts to ensure that the District of Columbia is a place that is friendly to job creation. Key initiatives include corporate attraction and retention, international missions, institutional partnerships, regulatory review and improvements, and business support services.
- Make DMPED a more open and transparent agency. This year DMPED will continue its efforts to better engage residents, businesses, advocates, and other stakeholders through as many vehicles as possible. From community meetings to social media to open websites, DMPED will seek not only to continue to provide more information than ever, it will also seek to ensure its receives feedback. Key indicatives will include: OurRFP, Economic Intelligence Dashboard, public real estate pipeline, Affordable Housing Tracker, affordable housing primer, and our under-development Ward analysis tool.
Business Attraction and Retention
The goal of this program is to bring federal, nonprofit and private partners together to expand the District's tax bases, attract and retain businesses of all sizes, bring good-paying jobs to residents and strengthen the business climate. Targeted services to advance this effort include the Development Ambassador's Program, a comprehensive set of Incentives for businesses and a dedicated team marketing to and working key audiences to sell the message of Washington, DC as a superior business location.
Creating vibrant and stable neighborhoods, rebuilding retail corridors and working hard to ensure that every District investment yields real benefits for residents and local businesses are the ideals that surround our neighborhood revitalization strategy. With an expertise in Real Estate Development, DMPED manages a portfolio of projects worth more than $13 billion. Located across all eight District Wards, the projects vary in size from small-scale neighborhood retail to the $10 billion initiative to reclaim the long-neglected Anacostia Waterfront.
Job Creation and Government Coordination
Coordinating a cluster of government agencies that regularly work with the business community, DMPED is leading the charge to create jobs for our residents by growing and supporting businesses currently in the District and attracting new businesses. To ensure District residents have the training necessary to compete for these new jobs, DMPED is creating a Workforce Intermediary that will connect residents with jobs while working closely with the Department of Employment Services to provide increased workforce development opportunities.