Neighborhood Cluster 4

Creating Neighborhood Economic Development

Sep 06, 2000

CREATING NEIGHBORHOOD ECONOMIC DEVELOPMENT. The Mayor's goal for economic development is to put our strong economy to work in your community. "Economic development means local development-the arms of a strong economy should reach the neighborhoods and communities in a city," said the Mayor. To spur this economic growth:

+ Giant Foods has committed to building a grocery store in Ward 7, East of the River.
+The Newseum is moving to Pennsylvania Avenue, spurring growth in Wards 2 and 6.
+The city is revitalizing Georgia Avenue, creating a corridor of neighborhoods, with strong businesses, improved city services and economic opportunity in Ward 4.
+In conjunction with our local and federal partners, we opened the Georgia Avenue Business Access Center, to serve small and local businesses in Wards 1 and 4.
+We achieved our Scorecard goal of awarding 40% of contracts for the new Convention Center to local businesses. In actuality, we awarded 54% - a total of $173 million.