Developing an enduring public-private-academia-civil society collaborative for a stronger and more equitable DMV.

BUILDING A STRONGER AND 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.

GREATER WASHINGTON RANKS

out of 53 metropolitan areas (2008 – 2018)

25th

in growth

36th

in prosperity

40th

in inclusion

52nd

in racial inclusion

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.

Economic Development

Industry & Business

Jurisdiction Governance

Planning

Civil Society

Academia

REGIONAL

ECONOMIC

DEVELOPMENT

STRATEGY

Public Sector

KEY OBJECTIVES

Lay the groundwork for enduring regional economic development collaboration

Identify shared interests, complementary resources, and partnership opportunities

Explore joint actions across talent development, market strengthening and activation, regional branding and marketing, and innovation ecosystem development

Emphasize ways to address linkages between economic renewal and social equity

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

Goal

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

*Approved by the REDS Steering Committee in March 2021.

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. A Working Group of volunteers from 14 organizations is developing actionable recommendations for a final REDS 1.0 report to be released in May 2021.

STEERING COMMITTEE

Public Sector & Economic Development Organizations

Fairfax County Economic Development Authority
Victor Hoskins

DC Office of the Deputy Mayor for Planning and Economic Development
John Falcicchio

Montgomery County Economic Development Corporation
Benjamin Wu

Prince George's County Economic Development Corporation
David Iannucci

Alexandria Economic Development  Partnership
Stephanie Landrum

Regional Organizations

Connected DMV
Stu Solomon

Greater Washington
Board of Trade

Jack McDougle

Metropolitan Washington
Council of Governments

Chuck Bean

 

Consortium of Universities of the Washington Metropolitan Area
Andrew Flagel

Washington Metropolitan Area Transit Authority (WMATA)

Shyam Kannan

Washington DC
Economic Partnership

Keith Sellars

United Way of the National Capital Area

Rosie Allen-Herring

Washington Business Journal

Alex Orfinger

U.S. Deptartment of Commerce (former)

Matt Erskine

Industry & Community Organizations

Manufacturing

Tim O'Brien

Micron

Real Estate & Development

Bob Buchanan
The 2030 Group

Cybersecurity

Julie Xiang
Merlin International

Energy

Felecia Greer

Pepco

Hospitality

Name pending

Marriott

Tourism

Elliott Ferguson
Destination DC

Venture Capital & Private Equity

Phil Bonner
Ardent Ventures

Philanthropy

Travis Reindl
Bill & Melinda Gates Foundation

Research & Public Policy

Jeannette Chapman
The Stephen S. Fuller Institute, George Mason University

Academia

Dr. Anne Kress
Northern Virginia

Community College (NOVA)

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