Mayor Bowser Unveils Transformational Growth Agenda for a Stronger DC

Mayor Muriel Bowser unveiled her economic growth agenda for Fiscal Year 2026, focusing on job creation and business attraction in light of potential federal job losses. The budget includes $171 million for improvements at Capital One Arena, highlighting the significance of sports in driving local economic growth. Key initiatives involve investing $1. 1 million for events during the arena's construction and $250,000 for the Chinatown Renewal Initiative to maintain cultural identity. The plan also allocates $2.

2 million to revive the Qualified High Technology Companies tax incentive, positioning Washington, DC as a tech hub. Bowser emphasized the urgency of these investments, stating that the budget aims to catalyze change and generate new tax revenue. The district's economic landscape faces challenges, prompting this proactive approach to enhance local vibrancy. This agenda not only targets immediate economic needs but also aims for long-term resilience in the face of federal job reductions. The proposed investments reflect a commitment to revitalizing downtown and supporting diverse sectors like tech and entertainment.