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Business
in Washington DC |
The
perception of Washington as only a governmental city couldn't
be more wrong and outdated. The entrepreneur spirit is
flourishing in the greater Washington region driven by
the growth of technology industries. In
fact the number of people employed by the federal government
has decreased from 23% of the total workforce to only
13% in the last twenty years.
Greater Washington has a diverse private-sector economy,
with strong technology, international business and tourism
sectors. The region is also an association capital. It
is by several measures the largest high-tech market in
the country; and also considered an ideal location for
firms looking to gain global exposure and access to federal
policy makers. Among the highest educated workforce in
the country, nearly 40% of the region's population has
a college degree. The region also has one of the highest
average income levels of any U.S. metro region. |
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The
region thrives on easy access. Three modern airports provide
the region access to markets across the nation and around
the world. A world-class metro system helps connect the suburbs
to the capital city.
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The
United States is generally regarded to be leading in the
field of bio-informatics, typically represented by a handful
of major regional science clusters. One of these clusters
can be found in the Greater Washington DC Region, encompassing
the District of Columbia, The State of Virginia, and the
State of Maryland. This strong cluster reflects perfectly
the rapid growth of emerging enablers such as bio-informatics.
So too the regional bio-informatics development reflects
the opportunities and challenges this field represents.The
Greater Washington DC region alone is home to one of the
largest biotech clusters
in the US with almost 400 biotech companies (almost 300
in Maryland alone). This cluster benefits from its proximity
to the National Institutes of Health, the Food and Drug
Administration (FDA), the National Science Foundation,
the National Institute of Standards and Technology and
many other federally funded laboratories and agencies.
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| IT
& Telecom and Fairfax County |
Fairfax County
is estimated to be one of the five leading high technology
centers in the country and the home to the largest concentration
of high-tech service firms in the US. Although, Internet
related industry has grown exceptionally all over the
world, Fairfax County maintains its dominance in the field
today. According to a recent Washington Technology article,
10 percent of the approximately 250 national Internet
access providers are located in Fairfax County and three
of the nine U.S. full-access Internet services providers
were founded here.
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Swedish-American
Chamber of Commerce Washington, DC
House of Sweden
2900 K Street, NW
Washington, DC 20007
E-mail: sacc@sacc-dc.org
Phone: (202) 536-1570
Fax: (202) 536-1501
Web administration: Maja Persson
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© 2000 Swedish-American
Chamber of Commerce Washington, DC.
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