Why your next park visit might be up in the air

Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.

Mimicking Manhattan: Six design teams are competing to build a new park high above the Anacostia River on top of the former 11th Street bridge in the District, complete with recreational, social and cultural space (similar to New York City’s High Line Park). Here’s a look at some of collaboration and concept art so far. (CAPBIZ)

Flea flop: Organizers behind the District Flea, a spinoff of the hugely popular Brooklyn Flea market in New York, have called it quits just weeks after kicking off their second season – catching vendors by surprise. (WP)

Breaking their silence: Tysons Corner-based MicroStrategy will resume quarterly earnings calls with investors after nearly a decade after mounting criticism of Michael Saylor’s stewardship as chief executive. (CAPBIZ)

Funding redirection: D.C.’s health panel has voted to redirect $22 million of $23.5 million originally marked for a new hospital on St. Elizabeth’s east campus to other projects – most of them in one ward. (WP)

Inside scoop: In the summer of 1978, two friends opened an ice cream parlor in an old gas station in northern Vermont. Three decades later, Ben and Jerry look back on those first few years in business. (OSB)

Teaming up: Some of the country’s largest retailers are banding together in hopes of protecting consumers’ personal and financial information from hackers and thieves. And yes, Target is part of the group. (AP)

Bringing back breaks: A bill to renew more than 50 expired tax breaks, includes a key business tax credit for research and development, cleared a key hurdle on Tuesday. But there are still obstacles in the way. (WP)

Price hike: The prices U.S. companies receive for their goods and services rose by the most in seven months in April, led by more expensive food and higher retail and wholesale profit margins. (AP)

On Wall Street

Stocks slid lower on Wednesday after consecutive days of record highs. But with several noteworthy reports slated for this morning, analysts say stocks could very well return to record territory today. (Get the latest updates here)

What’s on tap today

Consumer price index (8:30 a.m.)

Unemployment claims report (8:30 a.m.)

Industrial production report (9:15 a.m.)

Housing market index (10:00 a.m.)

Challenge cup, smart cities semifinals at 1776 (4:00 p.m.)

Tech Council of Maryland’s Industry Awards Celebration (5:30 p.m.)

Co-learning lab event: How to build an entrepreneurial brand (6:00 p.m.)

Help: How to find the right #hashtags to market your business (KG)

Follow: Michael Saylor, CEO of Microstrategy

Extra: The cracks have been repaired. But apparently, the Washington Monument’s elevator’s need some work, too. (WP)

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he runs the On Small Business blog.
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J.D. Harrison · May 14