December 17, 2009
WDCEP’s 2009 Annual Meeting and Development Showcase kicked off the month of December with some pizzazz!
The Development Showcase drew over fifty exhibitor booths, displaying projects such as The Yards, CityMarket at O Street, Constitution Square, Howard D. Woodson High School, Canal Park. This year’s sold out luncheon featured remarks from Mayor Fenty and Deputy Mayor Santos, with Keynote Address provided by James Chung, President, Reach Advisors, who impressed the audience with his cutting edge analysis of demographic and economic trends, both nationally and locally.
One noteworthy trend voiced by Chung is the different education and salary for Generation Y men and women: In 1972, men were 1.5 times more likely than women to get a college degree. Today, women are 1.5 times more likely to get a college or advanced degree. However, women today earn only about 79% of a man’s income. But here in DC, women in their 20s earn 108% of their male counterparts. In terms of development, Chung noted that key changes for future development include Generation Y and the gender gap (women); the browning of America; shifting income dynamics; and the graying of America (baby boomers).
The stage was also graced by WDCEP Board members Ed Rogers of Arent Fox, Monty Hoffman of PN Hoffman, Olivia Shay-Byrne of Reed Smith, and Michael Stevens of the Capitol Riverfront BID. The meeting featured videos of emerging neighborhoods Capitol Riverfront and NoMa. Liz Price of NoMa BID and William Liggins of DMPED also spoke.
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