The Board of Trade’s advocacy, convening, and thought leadership activities support regional outcomes that will help Greater Washington grow and adapt for generations to come. The GWBOT Legislative Update shares legislation and policy insights from the Greater Washington region.
Category: Policy & Legislative Updates
GWBOT May 2024 Legislative Update
The Board of Trade’s advocacy, convening, and thought leadership activities support regional outcomes that will help Greater Washington grow and adapt for generations to come. The GWBOT Legislative Update shares legislation and policy insights from the Greater Washington region.
Read our May 2024 Legislative Update here
Testimony: Support for DC’s ‘BEST Act’, advancing economic equity and fostering entrepreneurship
About this Testimony:
Board of Trade President & CEO Jack McDougle submitted testimony on May 9, 2024, in favor of fully supporting the BEST Act, which was before the D.C. Council’s Department of Licensing and Consumer Protection Oversight Hearing before the Committee on Public Works and Operations. This piece of legislation would help spark economic equity and allow for a community that fosters entrepreneurship, which is much needed to help spark economic growth in the Greater Washington region.
Submitted Testimony:
On behalf of the Greater Washington Board of Trade, we submit testimony in full support to the BEST Act and underscore its critical importance in advancing economic equity and fostering entrepreneurship in the District of Columbia.
In Mayor Bowser’s Fiscal Year 2025 Budget Proposal, the inclusion of funding for the BEST Act reflects a strategic investment in our city’s economic vitality and the well-being of our communities. By reducing licensing fees, streamlining business license categories, alleviating late fees, and exempting micro-businesses earning less than $10,000 in annual revenue from licensing fees, the BEST Act addresses longstanding barriers to entrepreneurship, particularly for those from traditionally disadvantaged backgrounds.
The Board of Trade recognizes the transformative potential of the BEST Act in promoting economic inclusivity and opportunity. Its provisions align with our commitment to fostering a business environment that empowers entrepreneurs from all walks of life to thrive and succeed. By leveling the playing field and removing obstacles to entry, the BEST Act paves the way for greater economic participation and prosperity for all residents of our District.
Moreover, the Council’s Office of Racial Equity has affirmed that the BEST Act is poised to improve economic outcomes for Black, Indigenous, and other residents of color who seek to establish or grow their businesses. In a budgetary climate marked by heightened challenges for marginalized communities, it is imperative that the Council supports initiatives like the BEST Act, which serve as critical lifelines to entrepreneurship and economic advancement.
Furthermore, the Board of Trade firmly believes that the BEST Act will contribute to the District’s ongoing recovery from the pandemic and promote small business growth. By fostering an environment conducive to entrepreneurship and innovation, the BEST Act will drive job creation, stimulate economic activity, and fortify our city’s resilience in the face of adversity.
In conclusion, I urge you to support and prioritize the full funding of the BEST Act. By doing so, we reaffirm our collective commitment to building a more inclusive, vibrant, and prosperous economy for the benefit of all residents of our District.
Thank you for your attention and dedication to this matter.
GWBOT April 2024 Legislative Update
The Board of Trade’s advocacy, convening, and thought leadership activities support regional outcomes that will help Greater Washington grow and adapt for generations to come. The GWBOT Legislative Update shares legislation and policy insights from the Greater Washington region.
Read our April 2024 Legislative Update here
Letter of Support: Virginia’s budget funding of WMATA and vital regional transportation
About this Letter of Support:
Board of Trade President Jack McDougle wrote a Letter of Support to Virginia Governor Glenn Youngkin, encouraging and praising the efforts of Virginia lawmakers addressing the short-term funding gap that WMATA was facing that could have impacted vital regional transportation in Downtown D.C., Northern Virginia, and suburban Maryland.
Submitted Letter:
Dear Governor Youngkin,
The Greater Washington Board of Trade continues to support Virginia by providing FY25 and FY26 funding for the Washington Metropolitan Area Transit Authority (WMATA).
The importance of Metro to Virginia’s economic development cannot be overstated. Proximity to frequent, safe, and reliable Metro service is instrumental in attracting major investments, corporate relocations, the expansion of our regional workforce, and our overall quality of life. The economic activity supported by Metrorail contributes an estimated $1 billion annually in state tax revenues, benefiting not only Northern Virginia but the entire Commonwealth.
We commend your efforts to work with lawmakers to reach a consensus on the biennium budget and urge you and the General Assembly to prioritize funding for Metro. The General Assembly had allocated $65 million for FY25 and $87 million for FY26, both to be matched by Northern Virginia jurisdictions. These funds constitute the essential minimum required to address Metro’s operating funding shortfall and meet formula commitments made by DC and Maryland.
Metro is making progress as it rebuilds from the fallout caused by the pandemic, leading the nation in recovering passengers. Still, there are long-term governance, operating, and financial deficiencies that must be addressed. We are prepared to play a significant role in the recently announced effort between WMATA and the Metropolitan Washington Council of Governments to address these issues to ensure the system remains viable for the long-term.
I urge you and the General Assembly to work towards a budget that includes adequate support for this essential transportation system. Thank you for your attention to this matter and for your dedication to the prosperity of Virginia.
GWBOT March 2024 Legislative Update
The Board of Trade’s advocacy, convening, and thought leadership activities support regional outcomes that will help Greater Washington grow and adapt for generations to come. The GWBOT Legislative Update shares legislation and policy insights from the Greater Washington region.
Read our March 2024 Legislative Update here
How our policy team and partners are making an impact in the Greater Washington region
Our policy team and policy partners have helped our members address critical issues in various legislative and advocacy forums. This includes G.S. Proctor & Associates in Maryland, McGuireWoods Consulting in Virginia, and Holland & Knight and Georgetown Public Affairs in Washington D.C. With the Greater Washington region being so vast, our policy partners allow us to get more work done across the region, especially as 2024 legislative sessions have continued in Annapolis and Richmond.
In Maryland, focused attention was given to transportation and workforce development matters. Testimonies were presented supporting legislative measures such as HB0198, which is part of the Metro Funding Act, aimed at enhancing funding for the Metro system facing a funding gap that could impact transit services across the region. Additionally, our team and partners have helped the Board of Trade voice our endorsement components of the Growing Apprenticeships in Public Safety Act, recognizing the imperative of apprenticeships in bolstering public safety initiatives.
Simultaneously, in Virginia, the Board of Trade has also been engaging legislators about the funding of WMATA in the region. Discourse has also centered on the pivotal role of data centers in the state’s economic landscape. The Board of Trade has emphasized the importance of supporting and nurturing this industry through oral testimonies, citing its contribution to economic growth and innovation.
Meanwhile, in Washington, D.C., the Board of Trade actively advocated for the passage of the Secure DC Omnibus, emphasizing the urgent need for comprehensive measures to address escalating crime rates. Additionally, a compelling op-ed authored by our President & CEO, Jack McDougle, published in the Washington Business Journal, delineated actionable steps to tackle public safety challenges within the district.
Across these jurisdictions, our policy team and partners demonstrated unified commitment to advancing legislative agendas and addressing pressing concerns on behalf of the Board of Trade’s membership, underscoring the importance of collaborative advocacy efforts in effecting positive change.
The Board of Trade is looking forward to this March, where we can engage appointed and elected officials at our 104th Mid-Winter Dinner, presented by PNC Bank. This black-tie event at the Washington National Cathedral gathers 600 key leaders from across the region, including state attorneys general, state cabinet secretaries, DC Mayor Muriel Bowser, DC councilmembers, officials from Maryland and Virginia, university presidents, and other business leaders.
GWBOT February 2024 Legislative Update
The Board of Trade’s advocacy, convening, and thought leadership activities support regional outcomes that will help Greater Washington grow and adapt for generations to come. The GWBOT Legislative Update shares legislation and policy insights from the Greater Washington region.
Read our February 2024 Legislative Update here
Mayor Bowser addresses regional business leaders through engaging conversation on important issues facing Washington DC
The Greater Washington Board of Trade’s Regional Policy Leadership Series (RPLS) brought Washington DC Mayor Muriel Bowser together with the region’s business community for an intimate in-person conversation in the heart of the Central Business District to discuss regional issues. Mayor Bowser’s discussion bridged regional transportation, public safety, regulation of new disruptive technologies, downtown revitalization, and what can be done to better the District’s business environment as the post-pandemic economy continues to evolve.
The conversation was presented in sponsorship by Holland & Knight and was held at the Downtown DC office of the multinational law firm located on 17th Street NW. It set the perfect backdrop for the important conversation Mayor Bowser had with the discussion’s moderator Janene D. Jackson, Partner at Holland & Knight’s DC office.
The event began with remarks from Nina Albert, DC’s Deputy Mayor for Planning and Economic Development, who addressed the audience on some of the key pillars to revitalization of the Central Business District. She also discussed the next steps in creating a continued high growth economy, promoting cultural experiences that make DC unique, and creating more affordable housing, ahead of Mayor Bowser’s discussion.
Mayor Bowser didn’t waste time diving into issues vital to the region’s business community, including the future of Metro funding from the District (engaging on the WMATA budget deficit impacting regional transportation) and newly introduced crime legislation which takes major strides toward providing law enforcement with the tools that they need to combat the epidemic of crime facing the region (including major public safety concerns in the Central Business District). On the latter of which, she expressed concerns regarding the defunding of the DC Police force by the federal government that has impacted the District’s public safety, reducing the standing force by 300 officers.
Mayor Bowser’s discussion also covered technological investments that will better position the region’s workforce to contend with competitor cities nationally and internationally. Federal dollars to extend broadband and internet connectivity in the District have helped tremendously to expand and upgrade infrastructure. She spoke specifically about the Internet Essentials Partnership Program and how this public-private partnership with internet service providers like Comcast has connected families and small businesses in underserved District communities to broadband internet. The mayor shared that “while everyone can connect to the internet, not everyone can afford to connect,” and it’s partnerships like these that elevate our region.
Mayor Bowser briefly covered the effort to try and keep the region’s professional sports teams in the District, including her hopes of retaining the Wizards and Capitals, whose parent company, Monumental Sports, recently released plans of moving the teams to a new entertainment district in Northern Virginia’s Potomac Yard. The mayor has worked with DC Council to approve a $500 million arena refurbishment funding package.
Conversation then turned to wooing the Commanders back to a new stadium in the District at the site of the old RFK Stadium in Northeast DC, a 10-year long campaign thus far with the federal government, which owns the site. Plans still involve building a new “NFL-sized” stadium at that location regardless of the Commanders’ plans, which would help the District hold larger concerts and outdoor events that currently cannot be held in DC due to the smaller size of some of its entertainment venues.
Now in her third term in office, the most difficult term for any mayor, Mayor Bowser was asked how she sees her legacy, looking back through her tenure making her the second longest-serving mayor in DC’s history. With so much to be proud of it’s hard to choose any single accomplishment, she pointed to her ability to uplift communities in Ward 8 via affordable housing, through the building of a new hospital and creating meaningful jobs in DC’s most challenging ward from an economic and equity standpoint.
This is the first RPLS event of 2024. We look forward to continuing to connect the business community to information directly from policymakers through our Regional Policy Leadership Series, ensuring that our members have the best up-to-date knowledge about how the region’s governments are planning for and reacting to a constantly changing environment.
Special thanks to our presenting sponsor: Holland and Knight LLP, and our series supporting sponsors Comcast, First National Bank, Fox Rothschild LLP, G.S. Proctor & Associates, Inc., Giant Food LLC, MGM National Harbor, and McGuireWoods LLP, McGuireWoods Consulting, and Uber Technologies, Inc.
GWBOT January 2024 Legislative Update
The Board of Trade’s advocacy, convening, and thought leadership activities support regional outcomes that will help Greater Washington grow and adapt for generations to come. The GWBOT Legislative Update shares legislation and policy insights from the Greater Washington region.
