We are a non-profit incorporated in the District of Columbia under Title 29, Chapter 4 of the DC code. We are organized within the meaning of section 501(c)(4) of the Internal Revenue Code as a social welfare organization dedicated to promoting the common good and the general welfare of the residents of the District of Columbia through a more robust and dynamic economy. Economic Growth DC accompli
shes this goal by engaging primarily in three activities: 1) Advocating before all elements of the government of the District of Columbia on behalf of legislation, regulations and policies that enhance economic growth; 2) Supporting local and neighborhood business associations, business improvement districts, economic development corporations, civic associations and other civic groups dedicated to establishing and maintaining an environment conducive to robust economic growth; and 3) Supporting pro-growth candidates for elective office in the District of Columbia. Our mission is to catalyze an acceleration in the rate of growth of the economy of the District of Columbia and ensure its permanence. We strive to make the District an easier, better and less expensive place to do business — a place where existing businesses would like to relocate to in order to take advantage of our highly educated workforce, and a place where entrepreneurs come to start new businesses. The District’s economy grew at an average rate of 1.28% from 2006 to 2014. The District has a number of spending priorities from affordable housing to Medicaid to the fight against homelessness to its education system. To fully fund these priorities, economic growth must accelerate substantially. In addition, the District derives over 35% of its gross state product from government spending. The national average is 12%. Enhancing economic growth is the best way to improve our GDP to government spending ratio. Economic Growth DC believes that the District of Columbia has two economic imperatives: a) to accelerate the rate of growth of the District’s economy into the 3.5-4% range and keep it there; and b) grow the private sector portion of our economy fast enough so that the percentage of our state domestic product derived from government spending drops to under 17% by 2025.
