Center for Regional Analysis

We're thrilled to announce the release of a new report highlighting GO Northern Virginia Region 7's commitment to fostering industry and technology leadership!   The report emphasizes the region’s proactive approach in prioritizing the expansion of multi-skilled tech talent pathways to meet the surging demand from employers. With 48,000 new tech jobs projected across data infrastructure, software development, and cybersecurity by 2032, it’s clear that the future of innovation lies in a well-prepared, skilled workforce. GoVirginia Region 7 is leading the charge in ensuring that the workforce pipeline remains strong, adaptive, and ready to meet the demands of a rapidly evolving tech landscape. By investing in these key sectors, the region is laying the foundation for continued growth and success in the tech industry.   Read the full report and explore how we can continue driving innovation and workforce excellence: https://lnkd.in/e5_nK8ng For more information or to discuss how you can contribute to these efforts, don’t hesitate to reach out to Susan Baker! susan.baker@gonorthernva.com   #TechTalent #WorkforceDevelopment #GoVirginiaRegion7 #InnovationLeadership #Cybersecurity #SoftwareDevelopment #DataInfrastructure   This project was funded in part by GO VIRGINIA, a state-funded initiative administered by the Virginia Department of Housing and Community Development (DHCD) that strengthens and diversifies Virginia's economy and fosters the creation of higher wage jobs in strategic industries.

“If I had to throw a number out, the odds are north of 80% that we tip into a technical recession,” Keith Waters told the Washington Business Journal's Ana Lucía Murillo. “Just due to the job loss that the Trump administration is trying to achieve.”

🌟 Join us for "Navigating Today: A Convening for Leaders" on Tuesday, March 18th! Explore the ever-evolving landscape, learn to lead with purpose, and transform challenges into opportunities. This unique event welcomes participants from all sectors—whether you're in for-profit, nonprofit, government, or any other field, connect with like-minded individuals ready to take dynamic action. We are excited to welcome insights from our speakers Keith Waters, AD at Center for Regional Analysis; Director, Stephen S. Fuller Institute, George Mason University - Schar School of Policy and Government and Yesim Sayin, Founding Executive Director at D.C. Policy Center Attend in person or via Zoom from 5:30 pm to 8 pm and be part of a collaborative effort to strengthen our communities. This is your chance to amplify your impact and turn frustrations into meaningful progress. Register now! https://ow.ly/bxfP50V9GiQ #NavigatingToday #LeadershipMontgomery

While employment and spending reductions from the new administration will have substantial negative impacts on the region, the Washington Region has been underperforming relative to peers and the U.S. as a whole for over a decade in job growth and economic output. Another tangible expression of this underperformance is in terms of median household income. Here, we examine the median household income of selected jurisdictions in the Washington Region and compare them to that of the U.S. overall. While Virginia outperforms DC and Maryland, the District has been the only jurisdiction to record increases in median household income relative to the U.S. from 2011 to 2023. Read the full Regional Economic Note - https://lnkd.in/e7GibGQA

Check out NVAR and regional real estate industry leaders sharing their insights on what to expect for the 2025 housing market in Northern Virginia. NVAR - Northern Virginia Association of REALTORS® Northern Virginia Magazine George Mason University Terry Clower Casey Menish Thai Hung Nguyen Todd Hetherington Holly Worthington @SherryRahnama National Association of REALTORS® Bright MLS

The economic impact of our region’s higher education institutions is undeniable. Led by Andrew Flagel, the latest Consortium of Universities of the Washington Metropolitan Area report highlights their vital role in job creation, innovation, and shared prosperity. As competition for talent and business grows, these institutions remain a cornerstone of our region’s success. The Greater Washington Partnership looks forward to working with Andrew and his team to drive meaningful partnerships and lasting investments. Read the report: https://bit.ly/3XiSDHv

Updated 2/27/2025 - While initial claims for unemployment insurance in D.C. increased 112% from 768 filed in the week ending 1/25/205 (the first week of the new administration) to 1,626 filed in the week ending 2/15/2025, they are down 3.3% from the week prior. It is likely initial claims will climb higher in the coming weeks. Initial uninsurance claims increased in MD and VA are in-line with prior readings. Note - Federal workers are covered by UCFE, and are not included in these data.

Congratulations to Arsène Perrot on winning the Tiebout Prize 2025! It is a great pleasure to congratulate Arsène Perrot on receiving the prestigious Tiebout Prize 2025, awarded by the Western Regional Science Association (WRSA). This prize honors the best graduate student paper in regional science, recognizing outstanding research contributions in the spirit of Charles M. Tiebout's legacy. Winning this award is a testament to Arsène’s academic excellence and commitment to advancing research and innovation in regional economics. A well-deserved recognition! Bravo! SCIENCE REGIONALE ASRDLF Jaewon Lim GSSI - Gran Sasso Science Institute André Torre Abdelillah Hamdouch Fabien Nadou Alessandra Faggian Marco Modica Geoffrey Hewings

With uncertainty continuing to loom over our business community, one thing is clear—Virginia is open for business, and NVC is actively engaged in shaping its future. This morning at Capital One’s headquarters in McLean, Governor Glenn Youngkin unveiled Virginia Has Jobs, a bold initiative designed to unlock the Commonwealth’s full economic potential by connecting Virginia’s 250,000+ job opportunities with a highly skilled workforce. Governor Youngkin also announced the Federal Worker Support Resource Package, ensuring Virginians affected by federal workforce changes have the resources they need to navigate transitions and continue contributing to our economy. NVC President & CEO Julie Coons and VP of Government Relations Nick Clemente, attended the event and were joined by regional powerhouses who support the work of NVC: 🔹 Terry Clower – George Mason University, Professor 🔹 Jim Dyke – McGuireWoods Consulting, Senior Advisor, State Government Relations 🔹 Steve Partridge – Northern Virginia Community College, VP of Strategy, Research & Workforce Innovation 🔹 Victor Hoskins – Fairfax County Economic Development Authority, President & CEO 🔹 Mike Batt – Fairfax County Economic Development Authority, VP of Talent Program 🔹 Cathie Vick – Transurban, VP of Government & Corporate Affairs Also in attendance: 🔹 Caren Merrick – Caren Merrick & Co., Secretary of Commerce and Trade for the Commonwealth of Virginia 🔹 Kate Bates – Arlington Chamber of Commerce, CEO As Virginia adapts to evolving business challenges, NVC remains at the forefront—driving critical conversations, fostering economic growth, and championing our business community. Together, we are shaping a future of innovation, opportunity, and success. View the Governor's press release: https://lnkd.in/eWtGrnZT #VirginiaHasJobs #EconomicGrowth #NVCLeads

Schar School Professor and Director of the Center for Regional Analysis, Terry Clower, was recently quoted in the The New York Times commenting on the Trump Administration's federal workforce cuts. "The human story is getting ignored” he said. Read the full article below.