|
|
 |
|
The entire study is available online for
viewing or printing. The files are in PDF format.
KnowledgeWay Press Release
Contact us about the study.
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.
|
|
|
| |
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
- 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.
- The region leads the nation in Internet services and is attracting a
growing number of Internet-related companies.
- The region has attracted an entrepreneurial culture spurred by recent
successes of local entrepreneurs and an increasingly strong entrepreneurial
infrastructure.
- Close collaboration between the region's three jurisdictions is required
to ensure the Greater Washington Region's continued success in this sector.
|
|
Top of Page
