subject: On The Slow But Sure Transformation Of The Dc Area Into A Major Business Center [print this page] A lot of people associate Washington, DC to politics and government activity. As the nations capital, the city is home to all branches and agencies under the Federal Government. Aside from that, Washington is also home to some international organizations, namely the World Bank, the International Monetary Fund, the Organization of American States and the Pan-American Health Organization.
Although the Federal Government remains the single largest economic entity, Washington and its environs are now aiming to prove the metropolis as a haven for businesses. The Washington Metropolitan Area is already home to enterprises, some of which are Fortune 500 and Fortune 1000 companies. DC area community leaders and officials intend to increase that number.
So far, the effort to promote the DC area as a business haven is bearing fruit. In 2006, Expansion Magazine cited Washington as one of the top ten areas in the country that are favorable for business expansion. Businesses in the areas of biotechnology, science and technology, research and media are all sprouting in the region.
As businesses start to rise out of the DC area, the demand for office and business spaces increases. For instance, there is now higher demand in a typical office space Fairfax has after new businesses relocated there. The same story goes for other communities within the DC area and Washington itself.
Real estate developers in the DC area are jumping on the higher demand for office space Fairfax and other DC area communities. The development of new office buildings and business spaces throughout the region is well underway. For inner city sections of Washington, urban renewal projects have been launched to reestablish old, dilapidated areas as business hubs.
With increase in demand for office space Fairfax and more businesses being launched, DC area officials and community leaders are ecstatic. The prospects of making Washington and its surrounding communities a major business center on the East Coast are high, especially now that entrepreneurs are considering the advantages of doing business in the DC area. The transition of Washington from being a mere center of politics and government towards becoming a full-pledged center of both government and private activities will be consummated sooner or later, thanks to the effort being undertaken by the regions local and community leaders.
