Only the Greater Washington region is home to the nation’s capital and the power and prestige that conveys.
Companies are increasingly recognizing the unique advantage provided by close proximity to the federal government. Local businesses are uniquely positioned to benefit from the activity and money generated by the federal government and unrivaled in their expertise in working with the federal government.
The federal government has been a major factor in the region’s continued resilience and economic performance:
- Overall, federal spending is highest in Greater Washington; in 2008, federal procurement in Greater Washington totaled $74.8 billion—surpassing every state in country.
- According to the World Knowledge Competitive Index, Greater Washington ranks No. 1 in the world in per capita research and development expenditures by government.
- Greater Washington has the greatest number of federal laboratories in the entire U.S., including the National Cancer Institute, the National Institute of Health, and the National Science Foundation.
Federal Procurement in Greater Washington vs. Top 10 States