D.C. economic development plan unveiled

      D.C. officials have unveiled the city’s new five-year economic development strategy,{ }aimed at bringing 100,000 new jobs and $1 billion in tax revenue to the District.

      The District’s economic development plan, released Wednesday, includes:

      • Create the most business-friendly economy in the nation;
      • Grow the largest technology center on the East Coast;
      • Be the nation’s destination of choice;
      • End retail leakage;
      • Develop a best-in-class global medical center; and
      • Become the top North American destination for foreign investors, businesses and tourists.

      Officials say these visions are tied to 52 initiatives, and D.C. businesses and universities will play a key role in implementing them.

      “My vision for the District is to develop a New Economy that is creative, diversified and capable of preparing our residents to compete in the global marketplace – and this strategy will take us well on our way to achieving that goal,” Mayor Gray said{ }in a statement. “I want to thank the private-sector leaders, members of our university community and D.C. government staffers who helped put this strategy together, because it will leave an indelible mark on our economic future.”