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Challenges to Regional Growth Discussed at NAIOP Panel

by Shilpi Paul

Challenges to Regional Growth Discussed at NAIOP Panel: Figure 1
Tysons Corner

On Thursday, NAIOP held a panel discussion near White Flint called Challenges for Sustaining Growth on Both Sides of the Potomac. Representatives from Maryland and Virginia and two economists discussed growth in the region, touching upon housing, jobs and the degree to which Maryland and Virgina see themselves in opposition to each other.

Economist Anirban Basu, Chairman & CEO of Sage Policy Group, was both jokey and honest as he threw out a few statistics comparing Maryland and Virginia. Despite Maryland’s top class public school system, the state has fallen way behind Virginia in regards to unemployment and job growth. In the past decade, the Washington area gained 420,000 jobs. Of those, Fairfax County gained 32,800 and Loudoun County gained 39,500. Amidst the prosperity, however, Montgomery County and Prince George’s County actually lost jobs — 4,100 in MoCo and 4,900 in P.G. County.

Stephen Fuller, Director of George Mason University’s Center for Regional Analysis, touched on housing. As the Center pointed out earlier this year, jobs are coming, people are moving in to take them, and it will be necessary to build up the region’s housing stock in order to accommodate this influx. He encouraged the group to think about the area’s transportation infrastructure when considering development, and lamented the fact that no one was thinking about this topic in regards to the region as a whole.

“We need a regional solution,” to growth, said Fuller. “The biggest challenge is finding common solutions. But we don’t have the structure to think regionally. Nobody is ramping up to do that.”

Basu also encouraged the group to take into account the coming drop in federal jobs, noting the loss of 2,000 jobs between December 2010 and December 2011. “The region needs to be looking for opportunities that have nothing to do with the federal government.”

See other articles related to: job growth, center for regional analysis

This article originally published at http://dc.urbanturf.com/articles/blog/challenges_to_regional_growth_discussed/5229

1 Comment

  1. Concerned Fairfaxian said at 3:06 pm on Friday March 2, 2012:
    The jurisdictions need to work together, and not as rivals. No more beggar thy neighbor inducements to firms to relocate. And we need to coordinate on transport. With the Silver Line, there will be little additional metro capacity in the core - at the two metro river crossings, or the three principal transfer stations in the District. Any additional metrorail capacity in NoVa (such as an extended orange line) requires additional capacity in the core - most likely a seperate blue line (Rosslyn to Georgetown to Convention Center to Union Station and back to the blue line near Benning road. That will cost upwards of $10 billion. The entire region - but esp Va and DC - need to start talking TOGETHER about that.

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