The DC Chamber of Commerce has just published their 2008 State of the Business Report.

It's fairly predictable in that while there is a national economic slowdown (or use the R word if you wish), the local area is somewhat protected by Uncle Sam and a diverse economy. Notes of caution as unemployment is ticking up, albeit less than the national average. The urban center, DC itself, is higher.

And of course, no economic report can not discuss real estate. The cost of housing is higher relative to income than we'd like, which is not an attraction to business, nor to it's employees.

The report will likely not have thunderbolts of new refreshing thought, but it does compile strengths and opportunities fairly well.