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Toward a New Economy
Merging Heritage with Vision in the Greater Washington Region

A Study of the Information and Communications Cluster of Industries
 
KnowledgeWayVOICE
New Economy Study
 
Executive Summary
(1,500K PDF File)
Scope
(801K PDF File)
From Heritage to Vision - Internet Trends
(861K PDF File)
Vision - The Voice of the Entrepreneurs
(254K PDF File)
Heritage
(1,200K PDF File)
Appendices
(1,100K PDF File)
InfoComm Industry Study
KnowledgeWayVOICE
2005:Digital Economy
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Overview

This study analyzes the Information and Communications (InfoComm) Cluster in its current form and trends in the Internet related segments pointing toward a New Economy in the Greater Washington Region. The analysis used both quantitative and qualitative information, including interviews with industry representatives and roundtable discussions with executives from emerging companies in the region.

 
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The Greater Washington Region
The Greater Washington Region is defined as the Northern Virginia counties of Loudoun, Fairfax, Prince William, Arlington, Fauquier, Stafford and Spotsylvania; the Suburban Maryland counties of Howard, Prince Georges, Montgomery, Anne Arundel, Frederick, Baltimore, Charles, Calvert; and Washington, DC. Although specific examples are cited of companies based in D.C., Maryland, or Virginia, the research looks at the region as a whole.

The InfoComm Cluster
The Information and Communications (InfoComm) Cluster has three components, which have many complementary and often interdependent products and services.

  • Core Industries: communications and content companies
  • Enabling Industries: computing and systems intergrations companies
  • Internet Service Industries

The strength and impact of the InfoComm Cluster in the Greater Washington Region is as follows:

  • Over 3,000 regional InfoComm companies have sales greater than $1 million.

  • InfoComm generates $90 billion in sales by companies headquartered here.

  • InfoComm companies employ 1 out of 7 workers in the region, totaling 328,000 employees –nearly as many as Federal employees (340,000).

  • InfoComm supports an employment base that is more than 5 times the region's share of total employment in the U.S.
Findings
  1. The Greater Washington Region has become a hub for the InfoComm Industry, which has emerged as one of the most significant sectors in the region's economy.

  2. The region leads the nation in Internet services and is attracting a growing number of Internet-related companies.

  3. The region has attracted an entrepreneurial culture spurred by recent successes of local entrepreneurs and an increasingly strong entrepreneurial infrastructure.

  4. Close collaboration between the region's three jurisdictions is required to ensure the Greater Washington Region's continued success in this sector.
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