The Washington, D.C. area economy is the in the midst of dramatic restructuring – largely as a result of declines in federal spending in the region. A group of business and community leaders, along with advocates, philanthropists and funders, have come together to work on strategies for repositioning the regional economy to ensure that the Washington, D.C. area is able to compete in today’s global economy.>
They called this strategy the “Roadmap for the Region’s Future Economy.”
In a series of recent interviews with senior business executives in the region, it was clear that quality-of- life issues—specifically housing and transportation—were key to our economic success. Many business leaders interviewed for this project said that “reducing social inequality across the D.C. region was critical to bolstering the region’s economy” and policies related to affordable housing and transportation were “more important than adjustments to corporate tax policies.”
So, according to the Regional Roadmap project, having sufficient affordable housing is vital to the region’s economic future.