FALL 2020

NAACP ANNOUNCES HEADQUARTERS MOVE TO THE DISTRICT

The iconic civil rights organization will relocate to the District in a mixed-use building along the historic 14th & U Street corridors. Read More.

 

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Workforce & Economy

District of Columbia Enacts $100 Million Grant Program for Businesses Hurt by COVID-19
DC commits additional $100 million grant for local businesses to support the local economy. The $100 million grant will be made available in addition to the $33 million in “microgrants” that the city awarded to businesses in July. This is the largest effort yet in the region to accelerate recovery efforts. Read More

More to Know:

• DC-based Ibex Ltd., a provider of outsourced customer service products closes public offering
• European Hotel Brand Still Moving Forward with DC Expansion despite Pandemic
• A quarter of WeWork’s Black-owned business grants went to DC-area companies
• DC’s Rethink Impact just raised $182M for female founders
• Companies in the DC region raised 81% more in VC funding than last quarter. Some DC companies include: Mpower, Aquicore, Transformative

Real Estate & Housing

The District Announces $66M in Affordable Housing Investments to 10 projects
The DC government is funding the production and preservation of affordable housing units with the $66M investment from its Housing Production Trust Fund. This investment signifies the District’s continued effort to create an inclusive and equitable city by adding and preserving affordable housing. Read More

More to Know:

• The District created a tax credit program for affordable development and Investors are already lining up
• Confidence in the District’s real estate market is still high in as evidenced by several groundbreakings including office, residential, and mixed-use projects
• Amazon continues its investment in grocery stores in the DC-area including its signature Amazon Go Grocery stores

Transportation & Infrastructure

Dulles Airport Adds Non-stop Flights to Multiple Domestic and International Destinations
Air carriers at Dulles International provide air service to 56 non-stop international destinations and 88 non-stop U.S. destinations. Serving more than 24.7 million passengers in 2019, Dulles offers travelers 47 percent more non-stop destinations than any other airport in the region, according to the Metropolitan Washington Airports Authority (MWAA). Non-stop air service to new and expanded international destinations in 2020 will include Spain, Poland, Switzerland, and Japan. Read More

More to Know:

• Government officials adopt plan to expand DC regional trail network to 1,400 miles
• The District is on track to build 3 more miles of bus lanes this year
• Capital Bikeshare and Lyft are rolling out an ebike fleet in the DC area

DC In the News

• The DC area ranks #1 nationally in tech office leasing for Q2
• DC area hospitals consistently ranked among the best in the nation including Children’s National which ranked #7 in 2020-21 Best Children’s Hospital and Johns Hopkins which ranked #3 in the nation.
• The District ranks #5 on LendingTree’s most valuable city in the country
• The District earns gold medal for pedestrian safety policies in a report published by CityHealth and Smart Growth America