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GWSB Students Help Craft District’s New $1 Billion Economic Development Plan

Washington’s new five-year economic development plan was unveiled at a news conference attended by, from left to right, Richard Lake of Roadside Development; Deputy Mayor Victor Hoskins; Mayor Vincent Gray; Georgetown McDonough School of Business Dean David A. Thomas; and Dean Doug Guthrie.

D.C. Mayor Vincent C. Gray last week unveiled an economic development strategy for the city – created with input from GWSB graduate students – designed to create 100,000 new jobs and attract $1 billion in revenue over the next five years.

“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,” said Gray, who released the plan Nov. 14 with Deputy Mayor for Planning and Economic Development Victor L. Hoskin.

Dean Doug Guthrie and Georgetown McDonough School of Business Dean David A. Thomas joined Gray, who engaged the city’s business schools to help develop the plan in the spring, at the news conference.

“From the time I arrived in Washington, I have been keenly interested in figuring out how our business school could help serve the D.C. community and work with the city,” Guthrie said.

“Our spirit of engagement and desire to bring about positive change was the impetus to embed our school, faculty and students more deeply in our community and address the economic issues facing society,” he said.

Guthrie and Thomas worked with the deans of other business schools in the city, and 16 GWSB and Georgetown MBA students worked on the plan, sifting through economic data and conducting interviews.

The strategy that emerged includes six transformative visions for the District:  creating the nation’s most business-friendly economy; growing the largest technology center on the East Coast; being a national “destination of choice;” ending retail leakage (residents spending more for products than local businesses capture); developing a global medical center; and becoming the top North American destination for foreign investors, businesses and tourists.

To read the five-year economic development plan, go here.

To read more about the GWSB students’ involvement in GW Today, go here.


Posted by gwsb on November 20, 2012 | Filed under: GWSB News.

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MBA Admissions and Experience Blog

The members of the MBA Admissions team contribute to the blog with postings about recruitment tours, events, interviews with current students, and insights about the admissions process. The team is composed of:

Christopher Storer, Executive Director
Jason Garner, Associate Director
Patsy Torres, Assistant Director
Jason Smith, Assistant Director
Shelly Heinrich, Admissions Consultant
Jessica Page, Coordinator