A new era for the art of persuasion

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

Lobbying’s new landscape: Once dominated by a handful of big, powerful personalities, the lobbying industry is evolving, with new players, new tactics and more decision makers to influence. Meet four small lobbying shops that are shaking up the sector. (CAPBIZ)

Plaza’s pizzazz: After a 20-month, $40 million makeover, the newly-renovated L’Enfant Plaza makes its formal debut Monday, complete with several popular new retailers and restaurants – and more are on the way. (CAPBIZ)

New spin on cycling: Soul Cycle, a chain of indoor cycling studios, was founded in 2006 and has since developed a cult following, with devotees including Lady Gaga and Anderson Cooper. Now, at long last, the company is coming to Washington. (CAPBIZ)

Gobbled up: District-based financial advice company HelloWallet has agreed to be acquired by Chicago-based investment research firm Morningstar, one of the upstart’s largest stakeholders, in a deal valued at $52.5 million. (CAPBIZ)

Gobbled up II: District-based LetsMoveDown, a sports company founded by three University of Maryland business school graduates, has been acquired by OneUp Sports, a Florida company that builds mobile apps for professional sports teams, including the Redskins. (CAPBIZ)

Stepping down, but not away: After 17 years at the helm, Barbara J. Krumsiek, the president and chief executive of Calvert Investments, plans to step down at the end of the year. However, she will not be leaving the company altogether. (CAPBIZ)

Tesla to Tysons: Electric car maker Tesla Motors is planning to open its first dealership in Virginia off the Dulles Toll Road in Tysons Corner after a long-running legal battle with state officials ended in compromise. (CAPBIZ)

Handshakes aplenty: JM Burkman & Associates signed the most new lobbying clients during the first quarter of the year, according to a new report, but three other lobbying shops were hot on its heels. (CAPBIZ)

Shopping slips: Spending by U.S. consumers dropped 0.1 percent in April, the first time shoppers have pulled back in the past year. Still, analysts aren’t worried, with many expecting the numbers to bounce back in May. (AP)

Opportunity’s knocks: Openings are abundant for what has become the nation’s fastest-growing job – but the work comes with numerous challenges, plenty of stress and low pay. Just ask Tereza Sedgwick.  (WP)

On Wall Street

Stocks climbed last week as investors largely shrugged off the nation’s weak first-quarter output as a temporary setback, not a sign of trouble. Whether they’re right may become more clear when the May jobs numbers are released Friday. (Get the latest updates here)

What’s on tap today

Gallup consumer spending report (8:30 a.m.)

PMI manufacturing index (9:45 a.m.)

Construction spending report (10:00 a.m.)

National Association of Small Disadvantaged Businesses contracting seminar (7:30 a.m.)

ChallengeHER USDA contracting event for women-owned businesses (8:00 a.m.)

Northern Virginia Technology Council’s CFO awards gala (6:00 p.m.)

Appointments: A look at some of the area’s latest movers and shakers

Help: How to respond to bad publicity and negative reviews (YFS)

Follow: How to evaluate the true potential of your business idea (YEC)

Extra: What the Google searches of the unemployed tell us about the economy. (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 30