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The D.C. area could have it tough in the next five to 10 years, economically speaking.
While raising the minimum wage in Maryland could mean more money for workers, the move could cause some major concerns including an increase in the cost of living in the Old Line State, according to an expert.
The partial government shutdown could erase the entire year's projected economic growth for the Washington region, if it continues for three weeks, said Stephen Fuller, director of George Mason University's Center for Regional Analysis.
Stephen Fuller, director of the Center for Regional Analysis at George Mason University, says the region's economy is still growing, housing prices are up and the unemployment rate is still low.
If Congress fails to strike a budget deal before year's end and the nation falls over the "fiscal cliff," the cost in local jobs is projected to be enormous.
If federal budget cuts automatically take place in January, the Washington region could see lose about 65,000 federal jobs and 96,000 federal contractor positions, according to Stephen Fuller, director for the Center for Regional Analysis at George Mason University.
The region needs to know and its competitive advantage over other major metropolitan areas to attract businesses. Stephen Fuller, director of the Center for Regional Analysis at George Mason University, says businesses want to locate in areas that have access to public transit.
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