Region’s ‘Human Capital’ is a key driver of economic growth
Work of ULI Washington featured in new report by Metropolitan Washington Council of Governments
The future economic prosperity of metropolitan Washington will rely on the region’s investment in its residents and their collective knowledge, skills, and abilities, according to a new report released by the Metropolitan Washington Council of Governments (COG).
According to the State of the Region: Human Capital Report, the region’s prosperity can be attributed to its enterprising residents who are attracted to the area for its rich professional opportunities.
To provide a full snapshot of metropolitan Washington’s human capital, the report analyzes the region’s demographics, growth forecasts, and workforce trends. For example, the report notes that the region will add more than 1.5 million people and 1.1 million new jobs by 2045. In addition, while nearly half (49 percent) of the region has a bachelor’s degree or higher—the highest level in the nation—73 percent of the job openings in metropolitan Washington require this degree. The report also considers how community organizations like ULI Washington are uniquely positioned to provide valuable insight into what residents need to thrive and succeed.
Read more about how our work, like our Millennial Study and UrbanPlan program is contributing to the success of the ‘Human Capital Region’: www.mwcog.org/humancapital