The Minimum Wage

Posted by & filed under Blog, Front Page.

On first reading, the DC City-Council voted 8-5 to institute a two-tiered minimum wage system in the District. The current minimum wage for all workers is $8.25 per hour, a dollar more than the federal minimum wage and a dollar more than the minimum wage in Maryland and Virginia. If the new law is implemented,… Read more »Read more

Gay Marriage

Posted by & filed under Blog, Front Page.

Today’s twin decisions from the Supreme Court represent a watershed moment in the pursuit of marriage equality. Congratulations to all who’ve supported this struggle for many years. We moved here from Cleveland, OH in 2003. I grew up in Catholic circles in Columbus, OH and Indianapolis. We did not have gay friends. At least in… Read more »Read more

Sales Tax

Posted by & filed under Blog, Front Page.

Economic Growth DC welcomes the slight decrease to the city’s sales tax. This will provide incremental help to small retailers, making their goods less expensive compared to Virginia and Maryland. It may seem counter-intuitive, but lowering the individual and corporate income tax rates would lead to an increase in tax collections for both these taxes…. Read more »Read more

Gentrification

Posted by & filed under Blog, Front Page.

The Washington Business Journal is currently running a poll asking readers whether they think DC is gentrifying in a positive way. When I clicked on the survey, 65% of respondents said yes. I think that reflects their mainly white professional class readership. If the Informer did such a poll, I doubt the results would be… Read more »Read more

Economic Conditions June 2013

Posted by & filed under Research.

McKinsey’s latest report on global economic conditions, indicating considerable uncertainty around the world. The U.S. is a bright spot. Economic Conditions Snapshot June 2013 McKinsey Global Survey resultsRead more

IRS Status Letter 6/25/13

Posted by & filed under Blog.

The fund received the attached status letter from the IRS today. Unfortunately, it does not tell us much about when our application will be approved, but it is a step forward. IRS Status Letter 6-25-13Read more

WBJ Article 6.20.13

Posted by & filed under Blog.

Yesterday, I (Dave Oberting, Executive Director of Economic Growth DC) conducted a telephone interview with Michael Neibauer of the Washington Business Journal. His article ran online yesterday as well. There is a link to the piece below. While I was quoted correctly and in context, there were a couple of things that I said in-artfully… Read more »Read more

Board Meeting

Posted by & filed under Blog, Front Page.

Yesterday, Economic Growth DC conducted the first public meeting of its board of directors. Dave Oberting was elected Chair of the board. Lisa Pintner and J.R. Meyers were appointed directors and the organization’s bylaws were adopted by the board. The agenda and a copy of the bylaws are posted below. The next meeting of the… Read more »Read more

Jobs That Should Stay in the District

Posted by & filed under Blog, Front Page.

We hope the District’s policymakers are paying attention to what Living Social has done with its workforce. It should be a major alarm bell. Even with the large (many say too large) package of economic incentives the District granted Living Social, they are ¬†eliminating jobs in the District and shifting them to Arizona, where they’ve… Read more »Read more