A Growing Tech Incubator
Tech is a major growth sector within the District of Columbia, and the Golden Triangle in particular has become a magnet for second-stage startups and fast-growing, established tech companies. The number of tech and innovation firms in the BID has grown by 50% since 2014, accounting for almost 16% of all employees in the BID in 2017. What attracts these companies is the prevalence of high-quality, flexible office space, easy access via transit, biking, and walking, and a collaborative pool of like-minded innovators. Check out this Market Snapshot for more facts about innovation in the Golden Triangle.
Golden Opportunities for Innovation
Tech and innovation firms in the Golden Triangle span a wide range of industries, including digital media, consulting, and software, represented by such well-known firms as Tableau and Vox Media. They vary in size from one-person startups to mature businesses expanding their footprint to major national companies. Many tech tenants in the BID seek out unique, amenity-rich spaces that foster collaboration and serve as innovation incubators, often co-working spaces or member-only workspaces like Alley by Verizon. Exciting events like the Golden Cinema and Tech Trends series, as well as the BID’s weekly Outdoor Office, also make the area a unique home for up-and-coming tech firms.
Resources & Information
To better support existing tech firms in the Golden Triangle and to attract new businesses, the BID offers useful resources about relevant incentives, promotes District-wide initiatives, and organizes periodic events focused on this sector.
- If you’re an entrepreneur or startup looking for a home base, check out the Co-Working Spaces Map!
- If you’re curious about DC government incentives and initiatives that might help your business, check out the Growing Tech in the BID page.
- We’ve run events in the past highlighting tech in the BID, including Art of the Office panel events and Tech Trends demos and learning labs. To stay informed about upcoming events, sign up for our Market Report newsletter and follow us on Twitter.