The Penn West Global Soft Landing Program provides companies with a flexible, discounted real estate solution. Program participants will land at Studio by Tishman Speyer, a premium coworking space located at 900 19th Street NW. Studio is part of the Penn West Equity and Innovation District (Penn West) in the heart of Washington, DC’s bustling Golden Triangle neighborhood and just blocks from the White House.
Penn West is a collective effort by our partners to grow the area as a premier destination for uniting technology with public policy, equity, and social impact. Penn West is home to prestigious universities, tech institutions, government agencies, and international development organizations. For established and growing businesses, as well as startups, Penn West provides access to a highly educated and diverse workforce, connections to government and policymakers, and a range of real estate offerings, from trophy buildings to coworking spaces.
The Penn West Global Soft Landing program provides companies with a streamlined process to easily access a world-class landing spot, helping you expedite your entry into Washington, DC and build your network.
Benefits of the Program
- Unrivaled location in the epicenter of global decision-making: Located in the core of the nation’s capital, Penn West is home to George Washington University, a world-renowned research university with over $200 M in annual R&D, as well as other prestigious universities, leading tech companies, and international development organizations.
- Class A real estate with world-class amenities: Priced at 20% below market rate and 50% of initial setup fees, an exclusive discount for program participants.
- Flexible commitment (minimum 3 months): Flexibility is crucial for any business decision. Our 3 month minimum lease commitment allows you to scale your company in the nation’s capital and encourage long term investment.
- Networking opportunities throughout the Penn West Equity and Innovation District in partnership with Golden Triangle Business Improvement District, Deputy Mayor’s Office for Planning and Economic Development, DC Chamber of Commerce, Greater Washington Hispanic Chamber of Commerce, Greater Washington Black Chamber of Commerce, and more.
- Ongoing support from key economic development stakeholders: Our team of experts will work with you throughout the duration of the program to solidify your relationships and commitment to Washington, DC.
Eligibility
- Strong, verified interest in establishing a presence in Washington, DC within the next 12 months.
- Company will have at least one full-time employee physically staffed at the soft landing space for the duration of program participation.
- Must commit to a minimum of 3 months in the soft landing space.
- Proven ability to pay rent.
Process
Ready to take the next step?
Submit an intake form to determine eligibility and learn more about the program.
Frequently Asked Questions
Who should apply?
International and/or domestic companies with strong verified interest in establishing a presence in Washington, DC within the next 12 months.
How do you apply?
Complete the intake form and a representative from WDCEP contact you to determine eligibility. Once you are deemed eligible, you will receive the program application link.
When should you apply?
1-6 months prior to expanding to Washington, DC.
How long does the application take to review?
Up to 2 weeks from the date all requested materials have been submitted to WDCEP.
What are the expectations of program participants?
- Participate in orientation upon arrival in soft landing space.
- Maintain regular communication with Penn West Global Soft Landing program partners, including progress updates on U.S. growth plans.
- Participate in ongoing Penn West networking and community events.
- Collaborate on press release to announce participation in the Penn West Global Soft Landing program.
Are there costs associated with the program?
There is no cost to apply or participate in the Penn West Global Soft Landing program.
Participants are responsible for paying for their below market-rate, flexible lease at the designated landing spot for program participants (Studio by Tishman Speyer), as well as general operating costs of opening a business, and relocation costs for employees.
What information is needed to submit an application?
- Business plan indicating further growth considerations for Washington, DC
- Name, Title, and plan for authorization to work in the US, for all employees participating in the Penn West Global Soft Landing program
- Desired start date
- Description of real estate needs (e.g., how many desks, shared or private office space, desired length of lease term)
