Addressing the region’s most pressing challenges demands strong leadership and collaboration across sectors. We’re pleased to announce Ellen M. Granberg (President, The George Washington University), Patrick Ryan (Managing Partner, Washington DC Metro Area, KPMG) and Rob Sharps (Chair, President & CEO, T Rowe Price) have joined the Greater Washington Partnership Board, bringing expertise that will help drive economic growth and strengthen the region’s long-term competitiveness. As leaders in higher education, professional services and investment management, they bring deep expertise that will help advance our mission—driving economic growth, expanding opportunity and strengthening the region’s long-term competitiveness. Their insights will be instrumental as we work to accelerate investments in high-growth industries, build a resilient economy and ensure the region remains a leading place to live, work and do business. Learn more: https://tinyurl.com/p656pz68 #EconomicGrowth #Leadership #RegionalCompetitiveness (fb)

The Partnership’s Regional Economic Snapshot is our comprehensive semi-annual review of economic conditions in the Baltimore, DC and Richmond metropolitan statistical areas. The interconnected corridor – home to nearly 10.5 million residents with a GDP of $1.1 trillion – faces complex challenges this year amid federal downsizing, uneven population growth and a decline in new housing production. Five trends we explore in the data: 🔹Employment: As a whole, the region recovered from pandemic job losses early last year – but the recovery has been uneven across metro areas. 🔹Federal Footprint: The regional economy is highly exposed to cuts targeting federal employment and spending, with federal, state and local government jobs making up the largest industry in the region. 🔹GDP: Over the past five years, economic growth in our region has been stronger than other large metro areas like New York City, Los Angeles and Chicago, but it has trailed behind the fast-growing economies of the South and West. 🔹Population growth: Fewer people moved away from the region in 2024, boosting state-level population growth. Even so, the region remains highly reliant on immigrants for its growth. 🔹Housing: New housing permit approvals declined across the region, even as affordability remains a top concern. Explore the Regional Economic Snapshot: https://bit.ly/3DNYzBK (fb)