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Malaysia Chamber of Commerce SME Conference – October 15, 2014

Mayor Vincent C. Gray M. Jeffrey Miller Deputy Mayor for Planning and Economic Development. Malaysia Chamber of Commerce SME Conference – October 15, 2014. DC is the place to be. The District is an increasingly attractive place to live. DC population. Source: Census.

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Malaysia Chamber of Commerce SME Conference – October 15, 2014

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  1. Mayor Vincent C. Gray M. Jeffrey Miller Deputy Mayor for Planning and Economic Development Malaysia Chamber of Commerce SME Conference – October 15, 2014

  2. DC is the place to be

  3. The District is an increasingly attractive place to live DC population Source: Census

  4. Demographics of DC • Fast Facts • Unemployment: 7.6% • Median Age: 33.6 years • 2nd fastest growing state between April 2010 and July 2013 at 7.4% growth

  5. DMPED Real Estate Development 92Projects completed or under construction $7.8B Total project costs 53,082Total jobs 8,038 Market rate housing units 2,698Affordable housing units $5.0B Stabilized tax revenue over 30 years

  6. Real Estate Markets of Comparable US Cities Millions Millions Source: Jones Lang LaSalle, Office Statistics * Denotes Metro DC

  7. Business Development

  8. Five-Year Strategy seeks to create 100,000 new jobs and generate $1 billion in new tax revenue …which defined six bold visions to transform DC Strategic goals for District’s economy… …set forth in The Five-Year Economic Development Strategy… • Most business-friendly economy in the nation • Largest technology center on the East Coast • Nation’s destination of choice • End of retail leakage • Best-in-class global medical center • Top North American destination for foreign investors, businesses and tourists Grow and diversify DC’s economy • Grow existing sectors • Attract, nurture, and grow new innovative sectors • Promote opportunities in neighborhoods Educate and prepare the workforce for a new economy • Educate our youth for the economy of tomorrow • Align residents’ job skills with our growing economy to lower unemployment Outcome 100,000 new jobs and $1 billion new tax revenue

  9. We have made sound progress on implementation with the support of critical District and private sector partners Twenty-two of 52 initiatives are complete, distributed across all six visions

  10. DC Has Consistently Strong Economic Growth

  11. Washington, DC Economic Overview

  12. Greater Washington region boasts a strong, diverse economy More than 20 Fortune 500 companies in the Washington Region Strong ties in the life sciences Information technology hub: 80% of all internet usage in the US goes through the Washington Region Strong presence of major defense industry players

  13. The District is home to a robust educational network The Greater Washington, DC region also boasts names such as Johns Hopkins University, University of Maryland, and George Mason University.

  14. Largest Tech Center on the East Coast:Creating an entrepreneurship hub First investors in 1776, the District’s primary technology entrepreneurship hub in February 2013 • Since launch, 1776 has over 172 member companies with 329 employees • Launched a startup school with partner General Assembly Phone2action Studio Publishing Tech Cocktail The Trip Tribe 10io 1EQ Agricity Bright Bot Bubbl Cayzo CollegeSnapps CommunityRED CrowdTrust Deconstruction Degree Prospects Edbacker GangBox Golfswell Gravtate Imagine If, Inc. Netcito Pelonkey Rebel Desk RidePost Simple Entry, LLC SkillSmart SNOBSWAP Stories Inc. VentureBoard Vinolovers Altitude AppTalia ArtJamz LLC BindFlow LLC BitCoin Foundation BlissInvite BrightRoll Capsoole Inc CareLuLu Catchif CoconutOrchard CollegeAppz Conveyal Curio Road CycloMend Daily Deed DailyHealth Data Community DC DemoHire.com Dipsology Dorsata, Inc. EMQuanta, LLC FairWear Inc. Fanamana Fanaticall Floqker Ghost Note Media Global Go Global Voice Hall gmobileair Good World Handybook Hilltop Energy Partners HomeTrackR ImpactHub InAffinity Networks LLC Infield Health Innovative Integration Interfolio iTrAsset Ivy Standard Kaltura Kickball365 Kitchensurfing KlickOrder KulTek, LLC LaunchPad College LaunchPosse Learnteria LLC Linktank Local Patient Inc. Luminate Health Mah! Brands Ltd. MediCoverage Inc. Mezzobit Inc. MGNFY.it Military Job Networks More Than Money Careers Move2Safety Mpower Sports and Recreation myEDmatch nclud Neighborsations Nettadonna, LLC NewCo NewsiT Nonprofit Metrics Nouri Inc Nutrition Noob Open Cancer Network Optimantra Ordysy LLC Organic Marketing Analytics Ostendio, Inc PlateDate PNT Holdings Poshpacker Inc. PrepFactory PXYM Quume RallyIX Relay Foods Rip van wafels RoadWarrior, LLC sailthru Scalacity Sense Data LLC ShoutOut SimpleTix.com Smart Wedding Registry SmarterVote SnapDash Snaphappi Snare Software Theoretic Soundtrackr Specifix Prep Speek Spend Consciously Subject7 SurveySnap Talent Insight Toomza Transit Labs Urban Bingo Urban Delivery Video Blocks Member Companies Flat World Knowledge Social Tables Hinge TrendPo Cont3nt.com Hitch! TypingClub Democracy.com ID.me Linked Senior (Leg)Cyte Bloompop Omniscience Mobile RideScout STYLECABLE The Wireless Registry Citizenhub HaystaqDNA Her Corner LLC Inteliscale Middleland Capital

  15. Foreign Direct Investment in the District Major American Cities of the Future • #3 for Human Resources • #9 for Infrastructure

  16. Destination for Foreign Investment EB-5 Investment Visa Funding in the District 4 projects received EB-5 Funding totaling $217M Marriott Marquis

  17. City Market at O Street • Status/Milestones: • Closed on November 16, 2011 • First move-ins October 2014 • Giant supermarket opened in November 2013 • Development Program: • 9,677 Retail SF across 5 stores • 79,551SF Giant supermarket • 629 Residential units • 182 Hotel keys • 489 Parking spaces

  18. City Market at O Street • Benefits: • 689 Construction jobs • 388 Permanent jobs • 90 Affordable units • $100M Estimated tax returns (over 30 years)

  19. Parcel 69 400 E Street SW: Hotel and Fire station • Status/Milestones: • Closed on October 31, 2013 • Construction started December 6, 2013 • Benefits: • 510 Construction jobs • 600 Permanent jobs • $111M Estimated tax revenue (over 30 years) • 1,500 Retail SF • 214 Key Hyatt Place Hotel • New fire station for Engine Company 13 Google street view

  20. Marriott Marquis • Status/Milestones: • Grand Opening held June 2014 • Benefits: • 473 Construction jobs • 1,000 Permanent jobs • $700M from FDI • $286M Estimated tax revenue (over 30 years) • 25,000 Retail SF • 1,174 Hotel keys Picture: __ Google street view Picture: __

  21. Questions

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