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Greater Washington Population Facts

• 6.02 Million in 2006
• Increase of 400,000 since
• 2000
• 4th Largest U.S. Region

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Greater Washington Population Facts

• Booming growth By 2010, Greater Washingtons
  population is expected to grow by 8.5, which is
  three times the projected growth of New York
  City, twice the growth of Chicago and four times
  that of San Francisco.
• Changing faces In 2010, minority populations
  will represent nearly half (46) of the total
  population in Greater Washington. Greater
  Washingtons Hispanic and Asian communities are
  expected to grow by over 20 by 2010.
• International suburbs Montgomery County,
  Maryland and Fairfax County, Virginia have a
  higher density of foreign-born residents than
  Chicago, New York, and San Francisco.

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Federal and Private Employment
SOURCE GWI Analysis of Bureau of Labor
Statistics and Maryland DLLR Data, 2005 NOTE
Percents will not add to 100. State and local
government data is not included
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Greater Washington Employment
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Major Employers in Greater Washington, 2006
SOURCE Washington Post 200, May 1, 2006
Washington Business Journal Book of Lists, 2006
GWI analysis
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Fortune 500 Headquarters
Most Fortune 500 companies in the U.S. for 9
consecutive years!

• 49 Fortune 500 companies
• Fannie Mae
• Lockheed Martin
• General Dynamics
• Sprint Nextel
• Capital One
• Marriott International
• Gannett
• Danaher
• Coventry Health Care
• Host Marriott

Source Fortune Magazine, Fortune 500, 2006 Note
Freddie Mac not included due to late reporting
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2005 Fast Growing Companies
SOURCE Inc. Magazine, 2005.
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Technically Diverse Clusters

• Aerospace
• Bio-Infomatics
• Defense
• eLearning
• Network Security Internet Security
• New Media
• Photonics
• Satellite Communications
• Systems Integration
• Telecommunications
• Wireless

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Five-Year Employment Growth, 2000-2005
SOURCE GWI Analysis of Bureau of Labor
Statistics and Maryland DLLR Data, 2005
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U.S. Government Budget

• More than 3 Trillion
• 330 Billion of spending on goods and services
• 60 of all technology procurement goes to
  Washington area companies
• 4.4 billion went to internationally-owned firms
  in the region

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Federal Procurement Growth(Index 1993 100)
Quadrupled in past 15 years!
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Population with BA or Higher

Bachelors


Advanced

SOURCE US Census Bureau, 2000
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Median Household Income
SOURCE Claritas, 2005
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Brain Drain Talent Retention Attraction
(National Average 1.00)
Source GWI Analysis, 2006. U.S. Census,
American Community Survey, 2005.
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Technology Workforce
(Number of Workers per 100,000 Residents)
Source GWI Analysis, 2006. U.S. Bureau of Labor
Statistics, 2005.
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International Economy

• 41.4 billion-13 of the GRP
• 700 internationally owned companies from over 39
  countries
• 400 international associations
• 180 embassies

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International Economy

• 700 internationally owned companies identified in
  region
• 9 increase from 2000
• Headquarters in 29 countries
• 89 of international firms are in the
  professional services sector
• Countries with most firms in the region
• United Kingdom (121)
• Japan (86)
• France (66)
• Canada (59)
• Germany (58)

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Threats to the Region

• Global / National Forces
• Federal Spending and Procurement Policy
• Labor Force Availability, Quality and Cost
• Housing Affordability and Supply
• Transportation Cost / Congestion
• BRAC

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15 Largest Job MarketsRanked by Unemployment
RateJune 2006

U.S. 4.8
3.3
Data not seasonally adjusted
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• We need to ensure whoever we hire can tie into a
  global organization, and the hiring pool in
  Greater Washington is very good. We find people
  with an entrepreneurial spirit and a global
  outlook.
• Karl Pringle
• General Manager, Strategic Thought, a U.K.-based
  company with offices in Northern Virginia

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Venture Capital Deals in Greater Washington
Source PriceWaterhouseCoopers and the National
Venture Capital Association, 2005
Telecommunications, Networking and
Media/Entertainment Electronics/Instrumentatio
n, Semiconductors, Computer/peripherals, and
Medical Equipment
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Wall Street Journal

• Early-stage venture capital investment is
  flourishing in the Washington, DC region.
  Washington now accounts for 9.6 of the total
  amount invested in the U.S. in seed and
  start-ups, up from just 3.6 a decade ago .
• March 2006

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Key Takeaways

• Federal spending has quadrupled since 1990
• Major transformation to high tech economy
• Region has led nation in job creation, with
  270,000 jobs in past five years
• Creative and educated workforce, includes 700,000
  in professional services
• By 2010, 46 of the regions population will be
  minority

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GWI Services
Are you thinking about an expansion into Greater
Washington? Our complimentary confidential
services will help you
UNDERSTAND Stats and trends about Greater
Washingtons key industry clusters. COMPARE
Greater Washington to other U.S. regions, to
determine if it is the right place for your
company. LOCATE Real estate and economic
development information to determine the most
strategic site within the region. INTEGRATE
Contacts and resources from legal and
accounting to venture capital and staffing to
hit the ground running!
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Client/Competitor Mapping
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Useful Contacts

• Real Estate
• Banking/Financing
• Legal
• Accounting
• Executive Search/Staffing
• Outsourced HR

• Insurance
• Venture Capital
• Relocation Services
• PR/Media
• Associations
• Local Political Leaders

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• Michael Baughman
• Director, North American Business Development
• Washington, DC
• 1 202.857.5982
• michaelbaughman_at_bot.org

www.greaterwashington.org