City Profile

Washington DC, the capital of the United States, has a metropolitan population of 5.5 million, extending into Maryland, Virgina and West Virginia. As the centre of the U.S. government, the city's economy is largely based on federal and local government, with a GDP per capita of approximately US$80,000. Washington DC is distinguished not only for its significant political influence but also for its extensive collection of museums, monuments, and cultural institutions, including the Smithsonian museums and the National Gallery of Art.

Washington DC excels in Investor Attractiveness and Assets, primarily due to its role as the U.S. capital and the concentration of federal and governmental institutions.

The presence of numerous think tanks, lobbying firms, and non-profit organisations also contributes to a dynamic economic environment. The greater DC area has the largest data centre capacity in the world, largely concentrated in northern Virginia.

In recent years, the city has invested in nature-based solutions into its urban fabric, enhancing both environmental sustainability and investment appeal. However, a high cost of living, income disparity, and varying levels of public safety across different neighbourhoods impact its attractiveness as a residential city. Enhancing public education and reducing crime rates will also be crucial for raising the quality of life.

Case study

Under the DC Water project, in the District of Columbia, a bond funded the construction of green infrastructure such as green rooftops and landscaped water retention areas to capture stormwater runoff. If the project produces stormwater runoff reduction greater than 41% of the measured baseline, DC Water will make a one-time additional Outcome Payment to Investors of US$3.3 million. In the article "How do we get emerging economies to invest more in large scale nature-based solutions?", Arup explores the potential of nature-based solution projects delivered by blended finance in cities.
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