Hide your start-ups. Maryland is on the prowl.

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

Lured away: Salsa Labs, an online marketing company currently based in the District, has secured the largest ever investment – $1 million – from the state-run Maryland Venture Fund and will move its operations to Bethesda. For Maryland, it’s the latest in a string of start-ups poached from neighboring states. (OSB)

Satellite reception: Lockheed Martin plans to purchase Austin, Tex.-based Astrotech Space Operations, the satellite launch division of Astrotech Corp. The deal, if approved, is valued at $61 million and would help the Bethesda-based defense giant expand its space systems business. (CAPBIZ)

Buoyed by Beats: Apple’s $3 billion acquisition of Beats Electronics means a significant windfall for one local investment group, which secured a $514 million stake in the audio and music streaming company last fall. (WBJ)

Pay by Bitcoin: Dish Network Corp. will become the largest company yet to accept payments in a new digital currency called Bitcoin. The idea, executives say, came from company employees who had become avid Bitcoin users. (AP)

Go for launch: The U.S. government has given Virgin Galactic, the commercial space flight company owned by billionaire entrepreneur Richard Branson the green light to begin planning space flights. (CNN)

Cause for concern? The American economy took a beating from an especially harsh winter, skidding into reverse for the first time in three years. So why aren’t economists more concerned? (WP)

Claims down: The number of Americans seeking unemployment benefits fell last week to nearly the lowest level in seven years – a sign that hiring may finally be picking up. (WP)

Flood of regulations: Federal regulators have proposed new rules that would expand their oversight of U.S. bodies of water to include, for example, small streams, riverbanks and floodplains. Some worry that could drown some small firms. (OSB)

Checking accounts: Federal prosecutors are conducting 15 criminal and civil probes into whether banks and payment processors ignored signs of fraudulent transactions, according to documents released Thursday by the House Oversight and Government Reform Committee. (WP)

On Wall Street

Stocks rebounded on Thursday, pushing the S&P 500 to yet another record high. Investors, it seems, weren’t deterred by those bleak first-quarter GDP numbers. (Get the latest updates here)

What’s on tap today

Income and outlays report (8:30 a.m.)

Consumer sentiment report (9:55 a.m.)

Lean Startup Machine business workshop at 1776 (6:00 p.m.)

Help: How to start mastering customer analytics (WP)

Follow: Salsa Labs

Extra: Urban cycling is shifting into high gear in Washington (WP)

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he manages the Post's On Small Business blog.
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J.D. Harrison · May 29