The DMV is suffering an economic crisis eerily reminiscent of factories shuttering across the Midwest during the 1980s.
The mass shrinkage of the federal workforce has put tens of thousands out of work. The cancellation of vital federal grants is rippling through the nonprofit sector. Restaurants and small businesses are suffering from the loss of customers and workers. It’s the same thing in construction, international development and real estate, with unemployment rising across the metro area.
The future of work and life in the region for homegrown talent is uncertain, at best, and the confluence of unprecedented events like these would normally cripple any region.
Philanthropy can help avert complete disaster. We know, because we’ve helped before. From the tragic events of 9/11 to the economic crises of 2008 and 2011, through repeated federal government shutdowns and our coordinated response to Covid-19, an array of grantmakers and influencers in our region have responded quickly…
Read the full story from the Washington Business Journal.
