Washington Business Journal
Virginia unemployment down, Maryland, D.C. unchanged
The region saw little change in its unemployment rates last month compared with January, with only Virginia seeing a slight decrease.
Gray proposes to cut D.C.'s commercial tax rate, slightly
Mayor Vincent Gray's budget proposal cuts D.C.'s commercial tax rate, repeals the out-of-state municipal bond tax, funds the District's community college, increases spending on the arts and funds a pilot Events D.C. advertising campaign.
Washington jobless rate lowest in nation
The Washington region had the lowest unemployment rate among big cities in the nation in January, even as the local unemployment rate inched up.
Column: Why tonight's NCAA matchup matters to your business
Tonight's game is an underdog story, which a lot of government contractors can relate to these days amid federal budget cuts.
Best place to make a living? Virginia
Virginia ranks No. 1 on MoneyRates.com’s new list of Best States to Make a Living, up from fourth place last year.
Boqueria adds to the D.C. tapas scene
There is a new Spanish tapas joint in town, this one by way of New York.
Pay cuts, possible sale at Washington City Paper
Employees at Washington City Paper are taking pay cuts as its hedge fund owner tries to sell a sister publication in Chicago, and now its D.C. publication and another in Atlanta as well.
SAIC will pay $500M in New York City fraud case
The alleged kickbacks were part of SAIC's CityTime contract with New York City, an automated workforce management system that covers city employees in 65 different agencies.
Discovery Communications licenses shows to Amazon.com
Viewers will be able to stream some of Discovery Communications Inc.'s most popular programs through Amazon.com Inc.'s video streaming service, under a licensing agreement announced Wednesday.
Retirement savings declining
An American worker survey by Principal Financial Group Inc. shows only 14 percent of Americans are very confident they will have enough money to live comfortably in retirement, and the percentage of workers currently saving for retirement has declined.
Anthony Williams to lead D.C. tax review panel
Former D.C. Mayor Tony Williams, perhaps the most respected of the District’s chief executives, will lead a panel of experts in a nine-month review of the District’s tax code.
Defense cuts could hit Va., Md. tax revenue hard
Virginia has aerospace and defense companies to thank for $78.71 million in 2010 taxes paid on state income and total gross revenue, and $75.6 million in individual employee income taxes, according to a study commissioned by the Aerospace Industries Association.
Safeway, Giant Food workers file grievance with labor board
With a month left on its four-year contract, the union representing about 17,000 grocery workers in the Washington region has filed a complaint with the National Labor Relations Board.
Kaiser Permanente expands services in Gaithersburg
Kaiser Permanente will open a new medical center in Gaithersburg this month, replacing services offered at its facilities in Germantown and Gaithersburg and extending available services at the combined site.
Indoor skydiving outfit iFly expanding to Washington market
IFly, which could open its first location here as early as 2013, has 23 indoor skydiving facilities worldwide.
Fairfax County, Falls Church water systems may merge
Fairfax County's water wars could end with a merger between the two parties most embroiled in conflict, as Fairfax Water this week offered to work out a mutually agreeable merger with Falls Church's system.
D.C. projects higher revenue, bets on fewer fed cuts
In his latest quarterly revenue estimate, CFO Natwar Gandhi added $35.7 million to the city's anticipated fiscal 2013 revenue.
Washington Gas part of new $1B pipeline
Washington Gas parent WGL Holdings will be part owner in a new natural gas pipeline stretching from central Pennsylvania to the Washington area.
Chef Ravi Narayanan heads to Acacia Bistro
Chef Ravi Narayanan is taking over the kitchen at the restaurant, located at 4340 Connecticut Ave., NW.
New project planned for Reston Town Center
A 23-story mixed-use project could be coming to Reston Town Center.
Lakeforest Mall on the market
The owners of Lakeforest Mall in Gaithersburg have put the property up for sale after falling behind on loan payments.
Etihad Airways to fly from Dulles
Etihad Airways announced the launch of non-stop daily flights to Dulles International Airport, the airline's fourth destination in North America.
CSC lands $297 million Medicaid contract
Maryland's spending board approved Wednesday a $297 million contract with Falls Church-based IT company Computer Sciences Corp. that is expected to improve Maryland's process for paying tens of millions of dollars in Medicaid claims each month.
Former Domaso Restaurant to become Amuse
As the Hotel Palomar in Rosslyn finishes its transition into Le Meridien Arlington this month, a few more details are emerging about what the rebranded hotel will look like.
Howard Theatre to reopen with celebrity chef menu
Chef Marcus Samuelsson, known for such restaurants as Red Rooster Harlem and Restaurant Aquavit, was brought on to design the menu for the theater's supper club. He will design dinner and brunch menus and help appoint an executive chef to oversee the kitchen.
Fannie Mae to pull out of Herndon's Monument IV
Fannie Mae is planning to pull out of the Monument IV building at 12900 Worldgate Drive in Herndon come June, casting another shadow over the building after its mortgage was transferred to a special servicer fearing just that possibility last spring.
D.C. Mayor Vincent Gray gets earful on recruiting tech talent, taxes
D.C. Mayor Vincent Gray dropped in Friday to the Georgetown headquarters of Personal Inc. for a semi-formal bull session with tech CEOs and investors.



