Bloomberg Businessweek ran the following article: June 15 (Bloomberg) –
One of the hallmarks of Vincent Gray’s mayoral campaign in 2010 was a promise to create a five-year economic development strategy for Washington, D.C., a plan he took action on shortly after he took office in January 2011. First he reached out to a prominent multinational consulting firm for help in crafting the plan, but they quoted the mayor’s office a figure exceeding $1 million dollars, says David Zipper, director of business development and strategy at the deputy mayor’s office for planning and economic development. Says Zipper: “It was much more than the city could afford at a time when we were facing a budget deficit.”
The city went back to the drawing board and soon found a more creative and cost-effective way of getting help: utilizing the resources of four local business schools in the D.C. area. The mayor’s office was able to set up a partnership with George Washington University’s School of Business, Georgetown University’s McDonough School of Business, Howard University’s School of Business, and American University’s Kogod School of Business.