D.C. Mayor Vincent Gray launched a plan Wednesday to enlist the help of local universities to craft a new economic development strategy for the District aimed at targeting industries and programs that will help drive growth and create jobs in the city.
In a kick-off announcement held at the Carnegie Library building, Gray said his 5-year plan aims to look beyond one-off projects and find ways of embracing the District’s business community as a whole. The plan is expected to cost about $400,000 and to be completed by late August. Gray plans to release the report to the public in September.
Deans of the business schools at American, George Washington, Georgetown and Howard universities have pledged their support and that of their students to help the District craft a new strategy. In detailing the strategy, Deputy Mayor Victor Hoskins said it is essential that private businesses help to drive the economic development strategy...