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Tech is a major growth sector in DC and the Golden Triangle has become a magnet for startups and fast-growing tech companies ready to scale. The Golden Triangle BID is working with the George Washington University (GW), DC government, Washington DC Economic Partnership (WDCEP), and other partners to create the Penn West Equity and Innovation District here in the Golden Triangle.
Innovation districts are concentrated urban clusters of tech startups, entrepreneurs, incubators, and associated businesses in STEM-related industries, usually located near anchor academic institutions in walkable, transit-accessible neighborhoods offering room to grow.
The Penn West Equity and Innovation District in the Golden Triangle will build off the existing presence of four key tech sectors in medtech, govtech, fintech, and edtech while focusing on the broader themes of social innovation and digital engagement. The neighborhood is well positioned as DC’s innovation district for many reasons: