The Greater Washington Board of Trade and K&L Gates recently hosted the third installment of its 2024 Election Watch series, bringing together regional business leaders, policymakers, and experts to analyze the evolving political landscape and its potential impact on the business community.

This session panel discussion led by Darrell Conner and Karishma Page of K&L Gates, and our President & CEO, Jack McDougle, provided valuable insights into the priorities, challenges, and opportunities presented by a potential second Trump administration, highlighting key issues such as tariffs, federal workforce dynamics, and education policy.

Shifts in Support and Economic Concerns

The discussion opened with a look at demographic support for candidates, noting a trend where higher-income groups leaned toward Vice President Kamala Harris, while other income brackets showed gains for President-elect Trump. The economy remains a pivotal concern for voters and businesses alike, particularly with budget and funding challenges taking center stage.

Audience members shared perspectives on the inflationary impacts of tariffs, a hallmark of Trump’s first term. The panel highlighted the ongoing debate among economists about the long-term effects of these policies, underscoring the complexity of the issue.

Governance and Policy Execution

One of the standout themes was the potential for a shift in governance dynamics. During Trump’s first term, there was frequent uncertainty over whether policy decisions were driven by the White House or federal agencies. The panel suggested we can expect policy to be tightly controlled by the White House, as evidenced by high-profile appointments like Tom Homan as the incoming administration’s border czar.

The panel also explored the vetting and appointment process for cabinet officials, contrasting the more ad hoc approach of 2016 with a potentially more structured strategy for Trump’s second term.

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Key Policy Questions

Attendees raised several pressing policy questions for the panel:

• Federal-State Relations: Emphasizing the growing importance of state-level engagement, particularly on issues like K-12 education. Noting some skepticism within Republican communities surrounding federal involvement in education.
• Earmarks: Observing that while earmarks represent a small portion of overall spending, there has been little recent discussion about their future.
• Executive Orders and Regulation: A second Trump administration could likely issue a wave of executive orders on day one, potentially rolling back pending regulations and leveraging the Congressional Review Act to overturn existing policies.

Business Impacts and Workforce Dynamics

The panel spoke about the broader challenges facing businesses, from geopolitical risks and technological advancements to national security concerns. These factors are placing stress on business operations, with potential implications for federal workforce dynamics.

The panel pointed to the recent history of relocating federal agencies, noting that workforce relocation could remain a contentious issue, swinging with changes in administration.

Higher Education, Immigration, and Geopolitics

Panelists expressed uncertainty about future investments in higher education under a new administration. Immigration policy also remains unclear, though Trump’s “America-first” approach suggests a continued focus on legal immigration reform.

Geopolitical risks were another focal point. The panel discussed how these external factors could influence domestic policies, including presidential immunity and governance. Notably, Trump’s circle of allies has expanded since 2016, suggesting a more organized approach to administration planning.

Closing Thoughts

The session concluded with reflections on the long-term trajectory of U.S. governance and its impact on the business community. Panelists emphasized the need for businesses to stay agile and engaged as geopolitical, technological, and policy dynamics continue to evolve.

Thank you to K&L Gates for sponsoring this three part series that engaged our members and business community across the Greater Washington region. 

Regional transportation leaders and agency executives from across Washington, DC, Maryland and Virginia convened at Martin Luther King Jr. Memorial Library on November 13 for the seventh annual Capital Region Transportation Forum. Co-hosted by the Greater Washington Partnership (the Partnership) and Greater Washington Board of Trade (the Board of Trade). Discussions focused on progress and challenges toward achieving sustainable funding for the Washington Metropolitan Area Transit Authority (WMATA), and transportation opportunities and challenges across the region. The Partnership and the Board of Trade are committed to advancing strategic transportation investments to keep our economy moving. An accessible, inclusive and efficient transportation system is essential to the prosperity of businesses and residents alike.

Partnership CEO Kathy Hollinger opened the forum by outlining priorities from the recently released Blueprint for Regional Mobility 5-Year Refresh. Informed by over 100 stakeholders, this roadmap emphasizes securing sustainable Metro funding, restoring DC as a world-class rail hub and embracing transit-oriented development (TOD).

Randy Clarke, WMATA’s General Manager and CEO, spotlighted Metro’s vital role in the region’s economy, contributing $9.4 billion in economic activity and achieving 43 consecutive months of ridership growth as of October 2024. Clarke emphasized, “Where Metro goes, the region grows,” underscoring the economic implications of a modernized and reliable Metro system. However, he warned that without long-term funding indexed to inflation and upgrades like an updated signaling system, Metro’s ability to continue to serve the region remains at risk.

VIDEO: WMATA General Manager Randy Clarke addresses transportation in Washington DC region

Charles Allen, COG Board Chair and District of Columbia Councilmember, and Paul Smedberg, WMATA Board Vice-Chair and Principal Director, kicked off the DMVMoves panel by sharing updates on the initiative’s progress. They highlighted key improvements in public safety and customer satisfaction, while emphasizing the imperative for sustainable funding for WMATA and urging business leaders to get involved. The subsequent panel, moderated by Nick Donohue, Principal at Capitol Transportation Consulting ,featured, Board of Trade President and CEO Jack McDougle, and Fairfax County Executive Bryan Hill, two leaders on the DMVMoves initiative. Their discussion centered on the ongoing efforts to modernize the region’s transit system and the importance of collaborative action to address the region’s transportation challenges. Panelists stressed that these issues extend beyond Washington, DC, impacting the entire region and similar coalitions across the country. They called for business leaders to play a more active role in supporting a transit system that serves all residents and fosters long-term economic growth.

VIDEO: DMVMoves Taskforce addresses regional transportation issues at CRTF 2024

We were joined by United States Senator Mark Warner for a keynote presentation. Sen. Warner highlighted the regional benefits of the Bipartisan Infrastructure Law and highlighted three key priorities to ensure the vibrancy and vitality of our regional economy and future of transit: 1. Come together as a region to emphasize the expertise and efficiency benefits of concentrating federal workers in the region; 2. Accelerate return-to-office in both the public and private sectors; and 3. Continue to grow and expand regional cooperation initiatives.

VIDEO: Senator Mark Warner addresses transportation in Washington DC region

The final panel, moderated by NBC News Anchor Adam Tuss, gathered regional transportation agency executives to discuss recent progress and collaborations on regional transportation initiatives. The panelists, Virginia Secretary of Transportation W. Sheppard Miller III, Maryland Transportation Secretary Paul Wiedefeld and Director of the District Department of Transportation Sharon Kirshbaum, shared insights on their administrations’ respective visions and regional priorities. Major long-term transportation projects discussed included the Purple Line in Baltimore, the Expansion of Union Station in Washington DC and the construction of The American Legion Memorial, each of which will support the region’s transportation system.

VIDEO: Transportation secretaries discuss transit funding, traffic congestion in Greater Washington

The region’s future depends on bold decisions and sustained collaboration to address evolving challenges. By advancing modernized, innovative transportation solutions, we can ensure a thriving and connected economy for years to come.

Special thanks to our moderator, NBC News 4’s Adam Tuss, and our sponsors—Transurban, HNTB, EXP, Northeast Maglev and WSP—for making this important event possible.

Together, we can shape the future of transportation in our region.

Watch the full recording of the 2024 Capital Region Transportation Forum:

The Board of Trade held the second part of its 2024 Election Watch series at the Downtown D.C. office of our series sponsor K&L Gates to engage members on how the 2024 Presidential Election could impact the Greater Washington region. It came only a couple weeks after the debate between Vice President Kamala Harris and former President Donald Trump. 

A wide range of critical topics were discussed, reflecting the complex intersection of current political, economic, and social challenges. Attendees expressed interest in key areas such as tax policy, higher education, workforce development, and the uncertainty surrounding regulations.

Tax Policy was a central focus, with a noted emphasis on the expiration of the Tax Cuts and Jobs Act in 2025. The looming cost of extending these cuts, estimated at $4.6-$8 trillion, sparked intense debate. Republicans are inclined towards making tax provisions permanent, reducing taxes on manufacturers, and increasing taxes on large university endowments. On the other hand, Democrats emphasize no tax increases on individuals making less than $400,000, enhancing startup expense deductions, and addressing affordable housing.

Higher Education and Workforce Development were also critical themes. Multiple member representatives underscored the importance of adapting educational programs to meet the evolving needs of the workforce. They highlighted that education is not only a domestic issue but also intricately tied to global competitiveness.

The Uncertainty of Regulation was discussed from both corporate and policy angles. Member representatives pointed out the challenges of navigating shifting regulatory environments. This has been a pressing issue across sectors, affecting infrastructure, workforce, and corporate decision-making.

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Infrastructure and Reauthorization of major public works projects emerged as another priority, member representatives focused on the need for updated transportation infrastructure in the Greater Washington region, while ensuring sustainable financing.

Regionalism continues to shape local policy initiatives, which Board of Trade members discussed. It emphasized the significance of fostering cooperation between states and local governments to ensure regional development aligns with broader national priorities.

A recurring theme was Election Integrity, as multiple attendees raised concerns about the impact of electoral processes on governance. Notably, K&L analysts stressed that for Democrats to win the Electoral College, they would likely need to secure the popular vote by a margin of at least 3%, citing challenges in accurately polling certain voter demographics, particularly Trump supporters.

The discussion also touched on identity politics, with insights about how the 2024 elections may be shaped by which candidates best represent the values and identities of voters, rather than focusing solely on political experience, such as Vice President Kamala Harris’s tenure.

Geopolitical Issues also took center stage, with concerns about the international landscape affecting domestic policy. The reliance on Chinese goods, border policies, and ongoing conflicts such as those in Gaza, Israel, Russia, and Ukraine all create external pressures that influence voters and policymakers alike.

Looking forward, the general consensus is that policymaking will remain reactive, shaped by an interplay between state and local governments. The slim majority in Congress, regardless of which party holds control, will necessitate bipartisan cooperation to move forward on key initiatives, ranging from energy policy to AI and tech workforce development.

In sum, the policy environment is in constant flux, with a wide aperture for new issue areas while balancing ongoing legislative challenges. Voters face issues ranging from housing and education to energy and international affairs, all of which will demand innovative, cross-sector solutions in the next legislative session.

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