News & Events

Economic Barometer Newsletter


Spring 2007

A Bioscience Hub – Updated Map Highlights Facilities and Companies. Nearly 21,000 employees work in Greater Washington’s bioscience industry, according to an updated GWI Bioscience Industry brochure that includes a map of regional bioscience resources –from federal labs to major bioscience companies.  With increasing federal support allocated to our region, the outlook for continued growth in this sector is strong.

 

Coming Soon: Economic Forecast, Aerospace Industry Overview. Developing quality, relevant regional research is a major GWI priority. Upcoming publications include: 2007 Regional Report that includes an economic forecast through 2012 (June 6 release) and Aerospace & Defense Industry Overview  that features a map with more than 50 aerospace-related firms. (June 15 release). Both publications will be available in print, and online at www.greaterwashington.org. 

 

Human Capital Study: Greater Washington is a Capital for Talent. A major workforce study, released recently by GWI, examines Greater Washington’s “knowledge workers” – people who use, analyze, and develop ideas and information in their work.  Here are key takeaways:

  • Most concentrated knowledge workforce: Greater Washington has 1.1 million knowledge workers, the nation’s highest concentration among all metropolitan areas with more than 1 million people
  • Tops in 3 of 5 categories: Per capita, the region has more knowledge workers in IT, education and research, and professional services than the benchmark regions. The region also leads the nation in professional services and IT among all metropolitan areas with more than 1 million
  • Epicenter for professional services: The region’s largest job sector, professional services, has 433,000 knowledge workers, about 100,000 more than the region’s entire federal workforce. This sector is expected to continue growing well ahead of the national average, reaching nearly a half-million people by 2014.

    • Download the complete study or an Executive Summary at www.greaterwashington.org.  

     

    Site Selection Honors GWI with “Top Group” Award. The Greater Washington Initiative is one of 10 economic development organizations to earn Site Selection magazine’s “Top Group” award and is profiled in the May 2007 issue. The selection was based on various criteria, such as jobs gained, innovative programs, and customer service.

     

    Thanks to all GWI Investors for their ongoing support of our work. Watch for a special Summer issue of the Barometer, featuring highlights of the 2007 Regional Report.

     

    The Greater Washington Economic Barometer is a quarterly communication from GWI for business professionals on regional economic trends and news. For more information on the Economic Barometer or to be added to the distribution list, email greaterwashingtoninitiative@bot.org. To opt-out of this list, please reply to this message with UNSUBSCRIBE in the subject line. For regional statistics and news, visit our web site at www.greaterwashington.org. GWI is an affiliate of the Greater Washington Board of Trade.

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