WASHINGTON (CBSDC) — District of Columbia Mayor Vincent Gray doesn’t want to bank on the federal government to keep the city’s economy afloat, so he’s turning his focus to the technology sector.
In Gray’s weekly radio address, heard Sunday morning exclusively on All-News 99.1 WNEW, he said giving tech start-ups the resources to get off the ground — and stay there — are keys to turning D.C. into an East Coast tech hub.
“For the District to keep growing and prospering, we, much like a start-up, must pivot to new sources of success,” Gray said.
Gray highlighted the success of 1776, a tech incubator on 15th Street that provides office space in the District to start-up businesses at a low cost. He says 75 small companies already have signed up, filling up the first floor of the office building just blocks from the White House.
“The beauty of it is being able to interact with others who are working on projects that may be unique to them but the interaction will facilitate the development of both,” Gray said.
Gray’s goal is to create 20,000 jobs in the technology industry over the next five years.
“We’ve got a lot of young professionals who are attempting to develop their careers and a lot of them are interested in technology,” he said.
Listen to Gray’s weekly radio address in its entirety: