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Thursday, January 14, 2016

Report: Federal government losing control of local economy

WASHINGTON — A sobering new economic report shows the federal government is losing its steam in the D.C. region.

In 2010, the federal government accounted for 40 percent of the local economy. By 2020, it’s expected to drop to less than 30 percent, according to a new report by the Metropolitan Washington Council of Governments.

“We have ranked 93rd out of 100 regions over the last several years,” COG Chairman Roger Berliner said. “We have to change. This cannot be ‘a company town.’ This has to be a different kind of company town — an innovative economy.”

Berliner, a councilman in Montgomery County, said local communities should work together to attract investment and promote the region’s resources, which include biomedical and cybersecurity expertise.

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3 comments:

Anonymous said...

Maybe with some better job prospects....right now, all I see is a bunch of non-qualified civil servants living off the government dole.
Until the government quits hiring for 'diversity' instead of quality, that area will continue to be a cesspool!

Anonymous said...

The gubmint udder-suckers sobering up - that's rich!

Anonymous said...

Since when is the Federal Gubmint supposed to be in control of local gubmints?