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

Graphic Shapes

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

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