The Washington, DC Economic Partnership Releases Its Economic & Fiscal Impact Study
This recent analysis of one of DC’s key economic organizations show how it has positively influenced the District’s economy and contributed to significant job growth
Julie Y. Weber
+1 202 661-8679
WASHINGTON, DC (December 18, 2014) – The Washington, DC Economic Partnership (WDCEP) released its Economic and Fiscal Impact Study, completed in September 2014, by Delta Associates, a third-party, national research and forecasting consulting firm. The report provides a detailed overview of WDCEP’s positive impact on Washington, DC’s economy including building leases, job growth, and sales tax generation since its inception in 2000.
The analysis was designed to measure the impact of the WDCEP’s business attraction and retention efforts, revealing that the organization is responsible for attracting and retaining 13,032 jobs, contributing $86.3 million annual in sales tax revenue, and the generation of 4.6 million square feet of new leases and development transactions. This is the second time the WDCEP has hired Delta Associates to produce this report.
“This study proves how the Washington, DC Economic Partnership is an integral influence on the growth of our city’s economy,” says Keith Sellars, president & CEO. “We are the leading business resource for developers, brokers, retailers, and entrepreneurs. Through this study, we prove that our mission is to promote business and enhance the District’s economy through job creation, increased tax revenues, retaining existing business and attracting new ones is working.”
To review the report in detail, please visit www.wdcep.com. Copies of the Economic and Fiscal Impact Study may also be picked up at WDCEP’s headquarters located at 1495 F Street, NW. For additional information regarding the WDCEP, please visit www.wdcep.com.
About Washington, DC Economic Partnership
The Washington, DC Economic Partnership (WDCEP) is a 501(c)(3) organization aimed to promote business opportunities throughout the District and enhance the city’s economy through jobs creation, increased tax revenues, retaining existing businesses, and attracting new businesses. The WDCEP facilitates economic development through business attraction and business retention programs and activities including site location assistance, educational seminars and workshops, networking and relationship building events, and serves as a key resource for DC economic development information. The WDCEP publishes several reports throughout the year including the DC Development Report, DC Doing Business Guide, and Neighborhood Profiles. For additional information, please visit www.wdcep.com.