Economy Of The Washington Metropolitan Area
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Economy Of The Washington Metropolitan Area
The economy of the Washington metropolitan area includes the economy of Washington, D.C., and its suburbs, including parts of Maryland, all of Northern Virginia, and Jefferson County, West Virginia. In 2022, the DC metro area had the country's List of cities by GDP, fifth-highest gross metropolitan product, at $541 billion. The region's economy is highly diverse and includes the principal industries of the US federal government, tourism, information technology, research, hospitality, news media, and bioscience. Key commercial hubs in the Greater Washington area include Downtown, Washington, D.C., Tysons, Virginia, Rosslyn, Virginia, Crystal City, Virginia, Bethesda, Maryland, and Silver Spring, Maryland. As of 2022, according to Washington's comprehensive annual financial report, the top employers by number of employees in the region in 2022 were Georgetown University, Children's National Medical Center, Washington Hospital Center, George Washington University, American Univ ...
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Downtown Washington, D
''Downtown'' is a term primarily used in American and Canadian English to refer to a city's sometimes commercial, cultural and often the historical, political, and geographic heart. It is often synonymous with its central business district (CBD). It may also be a center for shopping and entertainment. Downtowns typically contain a small percentage of a city's employment but are concentrated in services, including high-end services (office or white-collar jobs). Sometimes, smaller downtowns include lower population densities and nearby lower incomes than suburbs. It is often distinguished as a hub of public transit and culture. History Origins The ''Oxford English Dictionarys first citation for "down town" or "downtown" dates to 1770, in reference to the center of Boston. Some have posited that the term "downtown" was coined in New York City, where it was in use by the 1830s to refer to the original settlement, or town, at the southern tip of the island of Manhattan.Fogelson, ...
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