Developing an enduring public-private-academia-civil society collaborative for a stronger and more equitable DMV
Building a Stronger & More Equitable DMV
The DMV boasts a wealth of talent, institutions, access, and assets but lags in economic competitiveness vis-a-vis peer regions. Historically, our region’s development has been constrained by jurisdictional fragmentation, limited cross-sector coordination, and socioeconomic inequities. The COVID-19 pandemic has further highlighted the inherently regional nature of our economy. In July 2020, the COVID-19 Strategic Renewal Task Force commissioned a Regional Economic Development Strategy (REDS) to tackle these systemic challenges by proposing the basis for an enduring regional model addressing economic renewal and social equity.
REDS Mission:
To establish a regional alliance to shape a cross-sector platform to enhance cooperation, communication, and collaboration for equitable economic development
REDS GOALS
ALIGN
regionally across DC, MD, and VA
POSITION
for long-term equitable economic success
FOCUS
on innovation, talent, and capacity building
ENGAGE
industry, government, academia, and civil society
around joint interests and a regional brand
UNITE
Guiding Principles
ALIGN
Enduring:
Grounded:
Shared:
Building sustained and structured collaboration for regional economic development
Acting regionally to accelerate growth for all while remaining grounded in local priorities
Sharing functions to optimize resources and benefit all
POSITION
Visionary:
Equitable:
Data-Driven:
Driving innovative, bold, and improved outcomes for a higher quality of life
Prioritizing opportunity and growth in historically under-invested communities
Delivering with clear goals, metrics, and reporting for transparency and accountability
FOCUS
Innovative:
Cultivating:
Fostering:
Sustaining a robust and collaborative innovation environment that attracts investment
Developing, attracting, and retaining talent for a 21st century economy
Building capacity across organizations, sectors, and jurisdictions for greater impact
ENGAGE
Connected:
Shaping:
Diversified:
Engaging industry, academia, society, & philanthropy in integrated planning & development
Creating cross-sector opportunities and engines of economic growth
Growing new and existing areas of specialization within the region
UNITE
Respectful:
Together:
Celebrated:
Maintaining prospect confidentiality and refraining from solicitations within the region
Creating one regional brand and marketing jointly to compete globally
Celebrating growth and development successes across the region
Goal
Establishing an Enduring Collaboration
REDS 1.0 will establish a regional blueprint geared at improving the competitive advantage of the region both nationally and globally. A Steering Committee comprised of regional public, private, non-profit, and academia leaders is providing guidance and oversight.
Steering Committee Members
Public Sector
Regional Organizations
Industry Organizations
Fairfax County EDA
Victor Hoskins
DC DMPED
John Falcicchio
Montgomery County EDC
Benjamin Wu
Prince George's County EDC
David Iannnucci
Alexandria Econ. Dev. Partnership
Stephanie Landrum
Connected DMV
Stu Solomon
Board of Trade
Jack McDougle
Council of Goverments
Chuck Bean
Consortium of Universities
Andrew Flagel
WMATA
Shyam Kannan
Wash. DC Economic Partnership
Keith Sellars
United Way of Nat'l Capital Area
Rosie Allen-Herring
Washington Business Journal
Alex Orfinger
Services/Consulting
Matt Erskine
Booz Allen Hamilton
Philanthropy
Travis Reindl
Bill & Melinda Gates
Real Estate & Development
Bob Buchanan
The 2030 Group
Public Policy
Jeannette Chapman (Fuller Institute)
Manufacturing
Tim O'Brien
Micron
Venture Capital
Phil Bonner
Ardent Ventures
Cybersecurity
Julie Xiang
Merlin International
Tourism
Elliot Ferguson
Destination DC
Energy
Felecia Greer
Pepco
Hospitality
Marriott
Aerospace & Defense
Lockheed Martin
