March 12, 2024

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Concerns on the Horizon for the Region’s Economy

New data suggests that the Washington Region is in dire need of a laser focus on our pressing economic challenges. It reveals that Washington’s economy is hitting a plateau, with signs of long-term growth stalling in recent years. As noted in this chart, in a study conducted by Area Development and Patrick Clapp of Chmura Analytics, Greater Washington’s overall economic strength of 314 indicates the health of our regional economy is dramatically lower than it should be – raising red flags for Regional business and policy leaders. This alarming data sparks many questions and concerns among those invested in, not only the Commonwealth, but Greater Washington as a whole.   


While the Greater Washington Region remains a powerhouse for high-demand industries, with new initiatives taking place every day, we need to take steps to reinvigorate our Region’s growth. Creating an ecosystem that markets Greater Washington as a prime location for business investments, as well as a location that supports business development, is what attracts and retains long-term success. Moreover, focusing on cost-accessible housing, a robust workforce, and efficient transportation would greatly increase the likelihood of a positive economic trajectory.


In the data above, Washington’s total economic strength is assessed on several factors including infrastructure development and the Regions’ ability to meet supply...

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NEWS YOU CAN USE

IN CASE YOU MISSED IT

Chamber Members Named to 40 Under 40 List

Please join us in congratulating Chamber members named to the Leadership Center for Excellence's 2024 Northern Virginia 40 Under 40 list: Laahiri Vijaykumar Chalasani, Northern Virginia Science Center Foundation; Eliza Chappell. The SkillSource Group, Inc.; Jewelyn Cosgrove, Melwood; Debbie Peterson, MetroStar; and Michael Schindler, HNTB.

IN PERSON

UPCOMING SIGNATURE EVENTS

members only event

C-Suite Roundtable

March 13th | 11:30AM-1PM | The Tower Club

Artificial Intelligence (AI) has been dominating recent headlines. This game-changing technology holds the potential to improve our lives and businesses many times over. In our next C-Suite Roundtable, guest speaker Todd Marks, CEO of Mindgrub Technologies, will discuss “AI in Action.” He will help you uncover the many facets of artificial intelligence, categories of models like neural networks and language models, and how these technologies function. Furthermore, this special Roundtable will explore how enterprises can harness the power of artificial intelligence to enhance operational efficiency, improve staff productivity, and positively impact patient outcomes within the healthcare sector.


In this open-discussion Roundtable, we will tackle how and why health executives are using AI to tackle historic issues like nursing shortages, resource optimization, and gaps in patient care while reviewing applied examples of generative AI being used in enhancing patient engagement, streamlining workflows, and improving outcomes.



Our C-Suite Roundtables are for Chamber members and by invitation only. Please contact Carmen Sevilla, Chamber Director of Membership, if you'd like to attend this or other C-Suite Roundtable events.

partner event

NOVA VetNet: The Entrepreneur's Journey to Small Business Ownership and Social Impact

March 20th | 5-7PM | Thundercat Technology

Small businesses are the engine of our economy and the engine for change in communities like Northern Virginia. According to SBA, there are more than two million Veteran-owned small businesses in America, employing 6 million people, and Veterans are 45% more likely to own a small business than civilians. Moreover, 14% of Veterans own a franchise, making them twice as likely to own one than our civilian counterparts. All hiring, all growth, and all impact are achieved at the local level, and Veterans, as small business owners can be at the forefront of change as it relates to perceptions about Veterans and the ability to influence the propensity to serve amongst our next generation of warfighters 



Join us on March 20th and hear from three successful Veteran entrepreneurs who will share their journey, lessons learned, and practical advice for building a successful small business in the private sector.

Register Here

partner event

How to Develop a Top Virginia Internship Program & Recognition Event

April 9th | 9:30-10:30AM | Chamber Office

Employers in the Region are concerned about access to a flexible, well-trained workforce. Internships and work-based learning experiences, however, can change that. The importance of offering opportunities to build talent pipelines through educational career readiness efforts — paving a path to a robust workforce — is in the hands of employers across Greater Washington.


Join the Chamber and Virginia Talent and Opportunity Partnership (V-TOP) to learn more about implementing and organizing an internship program. Recognize companies with top programs and hear about the benefits internships can have on your business, from their unique perspective.



As an attendee, you will:

  • Learn about resources the V-TOP program has to offer including free education on how to develop a successful internship program at your organization, fundamentals for getting started, and time-saving resources. From how to develop internship postings to helping interns cultivate their skills while with your organization.
  • Hear from leading companies, recognized as having Top Virginia Internship Programs, to learn how internships benefit their business.  
  • Discover which employers have been recognized as having top work-based learning opportunities for students.
Register Here

Get to Know the GovCon Awards

April 18th | 9-10AM | Chamber Office

Attention Government Contractors, Come Learn How to Apply for the GovCon Awards! Register now for the exclusive GovCon Awards sneak peek event, on April 18th. Join the Chamber to hear directly from members of the nominations and selection committees, along with past winners, as they share their unique perspective on the award application process - with tips on how to make your application stand out from the rest! As we delve into the Greater Washington Government Contractor AwardsTM , attendees get the exceptional opportunity to gain valuable insights and insider knowledge on how to better your odds as a candidate.


As an attendee, you will:

  • Gain a comprehensive understanding of the GovCon Awards nomination and selection process.
  • Explore the diverse categories recognized by the GovCon Awards.
  • Benefit from firsthand perspectives of the selection committee on what distinguishes standout applications.


Don't miss this opportunity to elevate your GovCon profile and position your nomination for success. Reserve your spot, space is limited.

Register Here

VIRTUAL

UPCOMING MONTHLY EVENTS

DEI Connects - members only event

March 19th | 2-3PM

Featured Speaker: Dawnita Wilson, Chief Diversity, Equity, and Inclusion Officer, WETA

Register Here


Greater Washington Apprentice Network

April 2nd | 2-3PM

Featured Speaker: Bobby Mahon, Business Engagement Manager, The SkillsSource Group/Talent Up Fairfax

Register Here


MEMBER NEWS

Deltek announced today that Bob Hughes will join Deltek as President and CEO to succeed Mike Corkery, Deltek’s current President and CEO. Mike will transition to a full-time operating Group Executive role at Roper Technologies, Deltek’s parent company, effective April 10th. Bob brings over 20 years of experience and a track record of success. Learn more here.


McLean Community Center & Old Firehouse have wonderful seasonal summer job opportunities available! We're looking to hire: Camp Counselors (must be 16 years of age); Camp Specialists; Assistant Camp Director, Recreational/Event intern (must be 21 years of age or older). First Aid/CPR/AED and other training will be provided. Learn more here.


Volunteer Fairfax has extended the application deadline for the Volunteer Service Awards until March 15th. Honor an executive or company who has been a longtime advocate for the community with a reputation for excellence in corporate social responsibility. The award ceremony will take place on May 9th at the Country Club of Fairfax from 4-6PM. Learn more here.

Would you like to include your member organization's news in our next Doing Business issue? Sharing news is free for all members! All you have to do it complete the form on our website found here. The deadline to submit news is Friday at 12PM prior to our Tuesday newsletter.

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Doing Business is the Northern Virginia Chamber of Commerce's weekly e-newsletter focused on member-relevant news and upcoming events. Subscription sign-up and past issues may be found on our website.

Northern Virginia Chamber of Commerce
7900 Westpark Drive | Suite A550 | Tysons Corner | VA | 22102
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