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The Potomac KnowledgeWay understands what it takes to
foster growth and innovation in the Information and Communications
(InfoComm) sector, and has produced a wide range of programs that
increase regional competitiveness and growth. The following facts
illustrate the strengths and potential of the Greater Washington Region.
- The Greater Washington Region is more than our nation's
capital – it has become one of the most exciting technology
markets in the world. It is the birthplace of the Internet
and home to the entire spectrum of complementary
InfoComm companies.
- The InfoComm sector has evolved because the Greater
Washington Region has an unparalleled collection of
resources and an exceptional quality of life.
- InfoComm is the key driver behind regional growth and is
producing more new high-paying jobs than ever before.
- The region has become fertile ground for a large, growing
entrepreneurial community because it has the right
ingredients to make entrepreneurs successful.
- The region's vast array of research and development sources
provides fertile ground for new technology and products.
- The region is the national and global
hub of the Internet and communications industry.
- Nearly 50% of all the Internet backbone is supplied by
regional companies.
- Almost 50% of online service subscribers are serviced by
local companies.
- The region ranks #2 in highest number of computers
connected to the Internet.
- Six of ten major personal communications satellite systems
are headquartered in the region.
- The region's content industry employs 33,000 people, and
has $13 billion in sales.
- Nearly 30% of the nation's Systems Integration sales are
attributed to the region.
- Since 1968, private sector growth has been responsible for
95% of new jobs.
- Regional InfoComm jobs now outnumber Federal Government
jobs (345,000 vs. 333,000).
- Regional InfoComm companies employ 1 out of 7 workers and
generate $90 billion in sales.
- InfoComm average salaries are almost 50% higher than
average earnings for all private sector jobs in the region.
- For every InfoComm job created in the region, more than one
new non-InfoComm job is created. This "multiplier" effect
is greater than multipliers in any other industry sector.
- Entrepreneurs are one of the key economic drivers of the
region's New Economy. The Internet has become a major
force behind the local entrepreneurial community with more
than 3,000 net-based entrepreneurs located in the GWR.
- The region has consistently had more fast-growing companies
ranked in the INC. 500 list any other metro area.
- The region is home to 44 colleges and universities, and the
source of major federally funded research.
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