Business News: Washington Business Journal
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Raytheon, Lockheed Martin battling it out to build $3B 'space fence'
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 22 May 2013 | 4:49 amThe U.S. Air Force is expected to pick a winner this summer to build an advanced radar system capable of tracking an estimated half a million pieces of manmade space junk, floating in orbit, before it can threaten satellites used[…]
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Gateway Arts District gets $240,000 grant to foster arts
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 21 May 2013 | 5:52 pmThe partners involved in the Prince George's County Gateway Arts District are about to start thinking a lot bigger. The District — which encompasses Hyattsville, Brentwood, North Brentwood and Mount Ranier — just received a $240,000 grant from ArtPlace America,[…]
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Draft D.C. budget report returns $5M for D.C. Water relocation at The Yards
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 21 May 2013 | 5:16 pmD.C. Council Chairman Phil Mendelson wants to return $5 million of the $8 million that a council committee stripped from a Capitol Riverfront economic development project. The draft fiscal 2014 Budget Request Act, dropped by Mendelson Tuesday ahead of Wednesday's[…]
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District sues Labor Department over CityCenterDC wage ruling
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 21 May 2013 | 4:28 pmThe District filed suit Monday against the Labor Department in U.S. District Court, seeking to overturn a ruling that could spike the cost of the CityCenterDC project by $20 million. The D.C. Office of the Attorney General contends that the[…]
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Air Force pulls the plug on $6.9B NetCents 2 award. Again.
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 21 May 2013 | 3:50 pmYou have to laugh: The Air Force has again pulled the plug on a decision to award eight contracts worth up to $6.9 billion for the product portions of its Network-Centric Solutions-2 information technology program. Keep in mind, this is[…]
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Demand down again for law firms
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 21 May 2013 | 3:45 pmThe economy in general continues its slow recovery, but clients still aren't returning to law firms. Demand for legal services declined 3.4 percent in the first quarter, according to the Thomson Reuters Peer Monitor Index, a regular survey of major[…]
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N. Va. biotech has always been weak. How that could change.
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 21 May 2013 | 3:42 pmBiotech has never quite taken flight in Northern Virginia. Whether that's due to the lack of a big corporate anchor or blue-chip research university, the dearth of wet labs, the attraction of a stronger scene in Montgomery County or pure[…]
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RapidAdvance takes subprime commercial lending to prime time (Video)
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 21 May 2013 | 2:35 pmRapidAdvance is takings its easy money message to the airwaves with its first TV advertising campaign. As far as financial commercials go, this one is pretty cool. The one-minute ad, which you can view, is done in Broadway musical style,[…]
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Employee exodus drains D.C. economic development agency of key personnel
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 21 May 2013 | 1:45 pmThe District's economic development agency is experiencing a bout of brain drain. In the last six months, the Office of the Deputy Mayor for Planning and Economic Development has lost a raft of key employees who oversaw some of the[…]
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Sweetgreen coming to Yards in Capitol Riverfront
Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal 21 May 2013 | 1:38 pmSweetgreen Inc. plans to open a restaurant next year at The Yards project in the Capitol Riverfront. The restaurant will be in the Twelve12 building, a residential property under construction in the Forest City Washington development. The sweetgreen, at 1212[…]
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