As reported by the Metropolitan Washington Council of Governments, a coalition of local government, business, and higher education leaders in Greater Washington has been chosen to participate in the Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase. Launched in 2012, GCI helps public and private sector leaders grow their metropolitan economies by strengthening international connections and competitiveness.

Greater Washington, composed of the District of Columbia, suburban Maryland, and Northern Virginia was selected after a rigorous application process. The region will now begin work on creating a data-driven market assessment, which will evaluate the region’s current export economy, support systems, and opportunities for growth. The region will then integrate those findings into a comprehensive metropolitan export plan.

Exports are a critical component of a regional economic development strategy, bringing in outside capital and helping local businesses expand to create more jobs; research shows mid-size firms that export generate notably higher revenues, employment, and wages than counterparts that do not.

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