D.C. Updated Businesses Database 01/07 v.1.0.0
47,634 Database Records
This business database is available for immediate download and contains updated business listings for all District of Columbia businesses that filed changes of demographic, location or contact information for the month of January 2007. Complete D.C. marketing information is available for each of the businesses in this website content database. This District of Columbia download database can be purchased as a single item using the links provided or you can subscribe to our Updated Businesses Database Service.Business development grew strongly in Washington DC during 2006. A number of statistics indicate that well over 30,000 jobs were added during the first quarter. By the second quarter of 2006, Washington DC experienced a growth rate of 1.5 percent. While it was a bit lower than the first quarter, it was still higher than the national average. The employment growth in this region continued to remain stable throughout 2006, outpacing many other states in the U.S. In addition to Washington DC, economic growth was particularly pronounced in the Bethesda metropolitan center. The businesses which grew the fastest were those related to research and development, as well as the service sector.
The unemployment rate for Washington DC was approximately 4.1 percent, which is lower than the national average. The businesses in the Washington DC area created approximately 62,000 jobs by August. However, it should also be noted that nearby states such as Maryland have experienced a deceleration in job growth, and this may also be reflected in Washington DC. Real estate has increased in this region, and the real estate market stood at 9%, much higher than the national average of about 7%. It should also be noted that the rental industry has become tighter. The sale of real estate has went from sellers to buyers.
Overall, the sale of single family homes fell in Washington DC. In contrast, the sale of condominiums have continued to increase. While the appreciation of housing is much higher than the national average, it fell to over 16% by the second quarter of 2006. In the Bethesda region, the appreciation of housing fell to below 12%. The price of housing will continue to be heavily dependent on employment and interest rates, as well as the cost of the homes. These factors will be effected by business growth in the region. While the housing market in Washington DC has become much slower, the rental industry experienced an expansion.
The performance of banks in Washington DC remained high during 2006. While the return on assets was 0.83% during the first quarter of 2006, it rose to 0.91% by the second quarter. While the cost of funding continued to increase, the banking industry dealt with these factors by working with assets that gave them higher yields. Because of this, the net margin for interest is a bit higher than 4 percent. The performance of loans remain high in Washington DC. The number of past due credit products experienced a decline in 2006, and the percentage for loans in default was approximately 0.79 percent.
Like many other states, the manufacturing industry was negative in 2006, sitting at -2.1 percent. At the same time, the service producing industry remained positive at 1.9 percent. The unemployment rate was 3.8%, and government jobs were relatively strong, which should be expected in this region. The sale of single family homes was one of the weakest business industries in the region, and the rate for 2006 was approximately -20.1 percent.
