As the business community’s voice, the D.C. Chamber of Commerce advocates for over 1,100 members made up of 40% large corporations, mid-size private sector, and professional services, and 60% small and local businesses. Nearly half of the businesses we represent are minority-owned. Government relations and networking are why business leaders join the chamber, so we strive to be influential partners to government and local leaders.
Here is the challenge we now face: Our downtown central business district is struggling to rebound from the lingering pandemic-driven necessity for remote work. As large numbers of employers and their employees — including a number of federal agencies — seem to be adopting a longer-term preference for more offsite work, large offices have closed or downsized. As a result, a myriad of storefront businesses serving these office employees have suffered. Many have left the city altogether.
In addition, as commercial real estate valuations decline, the District…Read the full story from the Washington Business Journal.