News Highlight

COG's Chuck Bean talks 'human capital' and economic growth on CBS DC

Apr 3, 2017

In March, COG Executive Director Chuck Bean was a guest on CBS DC’s "Washington Report," where he discussed the importance of the region’s human capital to its current and future economic success. 

COG’s State of the Region: Human Capital Report notes that the region has the highest level of educational achievement in the country, with almost half (49 percent) of residents holding a bachelor’s degree or higher. According to Bean, the region needs to harness strengths like this and ensure that more residents are prepared for the 1.1 million jobs that are forecast to become part of the region’s economy by 2045.   

There are a lot of federal government jobs in the region—approximately 364,000—but that is just 11 percent of area jobs, said Bean.

“I think a key message is that we need to diversify our economy, change faster, pivot off of the strengths of the federal government, and find new industries to work in,” he said. 

Listen to the full interview with "Washington Report" host Stevie Bridgwaters: 

MORE: COG report: region's 'human capital' is a key driver of economic growth

Back to news

Related News

  • George Washington University's commencement

    Kenyan McDuffie: How does the region maximize our skills base?

    June 15, 2017

    As graduation season wraps up in metropolitan Washington—a time to celebrate achievements and the possibilities for the future—it is important that government,...

  • Construction_at_National_Harbor

    Commercial construction rebounds in metropolitan Washington, COG reports

    May 23, 2017

    Commercial construction in the metropolitan Washington region is beginning to rebound, increasing 69 percent between 2015 and 2016, according to the...

  • News

    COG report: region's 'human capital' is a key driver of economic growth

    February 8, 2017

    The future economic prosperity of metropolitan Washington will rely on the region’s investment in its residents and their collective knowledge, skills,...