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White House
 

Washington Monument
Pictured: the Washington Monument, located in nearby Washington, D.C.

   

The Greater Washington region encompasses more than 20 jurisdictions in Maryland and Virginia, plus the District of Columbia.

Business (source: the Greater Washington Initiative)

Growing Metropolitan Region

  • 4th largest U.S metro population (more than 6 million)
  • Population expected to grow 8.5% by 2010
  • Total of 6,000 square miles (15,500 kilometers) encompassing the District of Columbia , Northern Virginia and Suburban Maryland

A Vibrant Economic Center

  • Economy grew 19.6% (inflation-adjusted) in the past five years
  • Over the past 20 years, led the nation in employment growth
  • Gross regional product of $342 billion – 4th largest in the nation
  • Largest number of Inc. 500 companies for nine consecutive years (50 firms in 2005)
  • Median household income of $72,799, the nation’s wealthiest region
  • 54 local companies had a market capitalization of over $1 billion in 2005

Home of the U.S. Government

  • Federal government purchases in the region reached $52.6 billion in 2004 – an increase of 19% over previous year
  • Federal government is the largest single technology consumer in the world

A Strong Biotech Center

  • Third-largest number of bioscience companies in the world and a leader in human genome research
  • Home of the National Institutes of Health, U.S Food and Drugs Administration, and National Institute of Standards and Technology
  • Region’s bioscience workforce has grown to 19,000 public-sector and 14,000 private-sector employees
  • New facilities include $425 million Eli Lilly manufacturing facility and $500 million Howard Hughes Medical Institutes research center

International

  • 700 internationally owned companies
  • Named “best global city for real estate investment”
  • 20% of Greater Washington’s residents speak a language other than English at home

Educational Leader

  • More than 50 colleges & universities – approximately 328,000 full-time higher education students annually
  • Greater Washington leads U.S. in number of k-12 students in “gold rated” schools
  • Newsweek magazine’s list of “top 100 public high schools in the U.S.” includes 13 schools in the region

Highly Educated Residents

  • 42% of the population (older than 25 years old) has a bachelor’s degree or higher
  • 19% of the region’s adults have advanced degrees – the highest percentage in the U.S.
  • One in ten employees, twice the national average, work in the technology field; the region leads the nation in the number of math and computer science employees (194,980)

Well-Connected

  • Three airports serve the region with more than 1,085 daily non-stop flights to 95 domestic locations
  • Direct flights to 34 international destinations
  • Region’s modern METRO system is the nation’s second-most utilized subway

Culture

A Great Place to Live

  • 85 professional theatre companies and more free attractions than any other U.S metro area
  • 234,000 acres of parkland and 800 miles (1,290 kilometers) of bikeways
  • 170 golf courses, and more than 750 gyms, health clubs and spas
  • Seven major professional teams, and hundreds of nationally recognized college sports teams
  • Ranked by Forbes magazine as “second best U.S. city for singles"
Residents and visitors can choose from an ever-changing list of 8,000+ restaurants and bars. Amusement and water parks abound for kids. Washington DC is also home to the Smithsonian Institution, the world's largest museum complex whose extensive facilities are all free of charge.

 

 
 
     
 
©2014 University of Maryland-China Joint Research Park.