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As the largest private sector employers in the District of Columbia, colleges and universities continue to expand and add new facilities to their DC campuses. Hospitals, libraries and performing arts centers add not only to the quality of life of students, but to the entire community as well.
New dormitories, athletic facilities and classrooms allow these institutions to attract and graduate new students, who supplement the city's workforce through internships and employment.
With over 40,000 employees and more than 70,000 students, this economic engine pumps nearly $4 billion directly into the area economy through salaries, procurement, capital investment and research programs.
The table below highlights the significant education development occuring in the District of Columbia. For up-to-date education development information please visit our on-line Development Database.
| Education Development1 (August 2006) | | Projects | Sq. Ft. | Project Cost2 | | Completed in 2004 | 17 | 1,155,481 | $351 million | | Completed in 2005 | 11 | 494,332 | $107 million | | Completed in 2006 YTD | 7 | 655,320 | $195 million | | Under Construction | 11 | 609,700 | $151 million | | Planned | 24 | 1,530,354 | $371 million | | Proposed | 8 | 1,146,000 | $129 million | | TOTAL3 | 117 | 8,534,815 | $2 billion |
(1) includes Medical projects which may not may not be associated with Universities
(2) project cost may include non-education components
(3) Totals include 2001, 2002 & 2003 figures (not shown in table) |
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