MBAs Explore Opportunities for Improving DC’s Business Improvement Districts
As part of the Initiative for a Competitive DC, two current MBA students and one recent graduate of Georgetown University’s McDonough School of Business completed a rigorous economic development analysis for the District of Columbia Office of Small and Local Business Development this summer.
The consulting team of Andrew King, Mitsuru Misawa, and Talha Ocal presented their report to Deputy Mayor Victor Hoskins on August 16. The team analyzed the possibilities for creatively expanding and improving Business Improvement Districts throughout the city in low-density areas. They also focused on the emerging H Street Corridor and the challenges faced by old-time retail and service firms, such as new competition, changing demographics, and rising rents.
The project was arranged and supervised by Richard America, an adjunct professor at Georgetown McDonough, who has led the Initiative for a Competitive DC for 17 years. The work of King, Misawa, and Ocal sets the stage for several more projects during the academic year and in future summers for the client.