| News updates for Greater Washington's business leaders |  |
- Obama's domestic policies may loom in Va. gubernatorial race
President Barack Obama's decisions to bail out large corporations, seen by some as a failure to live up to his campaign promises, is having an effect on Virginia's gubernatorial race. Candidates are keeping public opinion about the president's domestic policies in mind as they tailor their campaign rhetoric. The president will campaign today for Democratic state Sen. R. Creigh Deeds. The Washington Post
(8/5)      
| Economic Stimulus and Financial Reform |  | |
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- Changes to accounting rules sway banks' balances
An accounting expert studied the earnings reports of financial firms and found that 45 posted higher earnings in the first quarter because of a recent change in accounting rules. Bank of New York Mellon and other large companies were able to post profits instead of losses because of the change. The Financial Accounting Standards Board is considering another change that could force financial institutions to take paper losses, reversing the paper gains. The Washington Post
(8/5)
| Deals and Development | | |
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- $550M convention hotel could transform neighborhood
Officials hope a long-delayed convention hotel project that received approval from the D.C. Council last week will help usher in a renaissance for the Shaw neighborhood. The $550 million, 14-story Marriott Marquis hotel would span more than 1 million square feet at Massachusetts Avenue and Ninth Street NW, and would incorporate the old headquarters of the landmark American Federation of Labor building. The Washington Post
(8/2)
| Going Green | | |
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- Report: Value of energy efficiency is underestimated
The American Council for an Energy-Efficient Economy says predictions about how the American Clean Energy and Security Act would affect the economy are inflated because they fail to take into account the financial benefits of energy-efficiency. An analysis says energy efficiency would save money for individuals as well as businesses. GreenBiz.com
(7/30)
- O'Malley will ask feds to fund Purple Line
Maryland Gov. Martin O'Malley announced this week that he will ask Congress for funds to build the proposed $1.5 billion Metrorail Purple Line between Bethesda and New Carrollton. Passengers could begin riding the rail line as soon as 2016, although some officials say 2020 is a more likely timetable. The Gazette (Gaithersburg, Md.)
(8/5)
| Board of Trade Opportunities and Benefits | | |
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"Stimulus Is Here" Resource Binders and Audio Recordings Now Available
On July 21, the Board of Trade convened stimulus experts from the public and private sectors to provide Greater Washington's business community with insights into stimulus opportunities available in this region. Participants at the "Stimulus is Here" conference received comprehensive resource binders with information about stimulus funding guidelines, timelines, deadlines and more. These resource binders, complete with an audio recording of the conference, are available for $75. To purchase a binder, visit www.boardoftrade.org.
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Executive Networks Accepting Applications
Executive Networks, Greater Washington's business boot camp, brings together business and civic leaders to establish meaningful relationships and gain a broad knowledge of the challenges facing our region. The program meets six times over three months and includes briefings on the regional economy and its industry sectors, dinners with alumni and other networking opportunities. Only 30 slots are made available. Applications are due Sept. 8. For more information, call 202-857-5940. Download application.
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Morning Star Speaker Series Presents Sam Zell, Co-Founder and Chairman, Equity International Investments, Sept. 10
Don't miss Sam Zell, a legendary real estate innovator, when he speaks at a special Morning Star Speaker Series breakfast on Sept. 10 at the Capital Hilton. Zell will speak about his experience in the real estate market and his role as the co-founder and chairman of Equity Group Investments and owner of the Chicago Tribune, Los Angeles Times and Chicago Cubs. Come hear from a leading economic indicator in person! Register.
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| About the Board of Trade |
The Greater Washington Board of Trade is the leading regional business network. Founded in 1889, the Board of Trade enjoys a long history of helping its members' businesses grow by
providing content-rich programs, connecting business leaders and marketing Greater Washington's economic opportunities. The Board of Trade also addresses business concerns, including
transportation, emergency preparedness, green as a competitive advantage and workforce issues. Learn more at www.boardoftrade.org.
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| | Recent Board of Trade SmartBrief Issues:
- Wednesday, July 29, 2009
- Wednesday, July 22, 2009
- Wednesday, July 15, 2009
- Wednesday, July 08, 2009
- Thursday, July 02, 2009
| | | Lead Editor: Devlyn Ray
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