Here’s where two D.C. developers think you’ll want to live next

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

New developments: Developers are scooping up property in two of the District’s up-and-coming neighborhoods, with one announcing plans to introduce the first apartments to Union Market, and another bringing condominiums to The Yards in Southeast Washington. (CAPBIZ)

Minority report: New research reveals that minority entrepreneurs are treated much differently (see: worse) than their white counterparts when seeking small business loans – and that bears consequences not merely for those entrepreneurs, but for the broader economy, too. (OSB)

Betting on luxury: D.C.-based Marriott International plans to spend more than $15 billion over the next few years adding more than 200 new luxury and lifestyle hotels – a category the company’s top executive says is currently “stronger than ever.” (USA)

Bye, bye birdies: This will be the last summer of putting and chipping at Montgomery Village Golf Club, as the course will close for good at the end of November. The club had been on short notice since it fell into bankruptcy two years ago. (CAPBIZ)

On further review: Sen. Claire McCaskill (D-Mo.) has called for a review of counternarcotics contracts after an investigation found that Northrop Grumman and DynCorp improperly charged the federal government more than $100 million in “questionable” costs. (WP)

Striking out: Some 32,400 federal workers have challenged their sequestration-related furloughs, seeking back pay from the government. So far, not one of them has been given a dime back. (WP)

Wait just a minute: Days after the D.C. Council gave its initial nod to a broad package of tax changes, one that could leave $225 million in taxpayers’ pockets over the next five years, objections to some of the proposed revisions have started to mount. (WP)

Food fight: Tyson Foods, the largest U.S. meat processor, on Thursday made a $6.2 billion offer for the maker Jimmy Dean sausages and Ball Park hot dogs, topping a bid made two days earlier by rival poultry producer Pilgrim’s Pride. (AP)

Cranking up: New orders for American factory goods rose for a third straight month in April and top automakers reported strong vehicle sales in May – both signs that the economic recovery may pick up speed this summer. (REUT)

On Wall Street

Stocks edged lower on Tuesday, receding from record highs a day earlier.  (Get the latest updates here)

What’s on tap today

MBA purchase applications (7:30 a.m.)

ADP employment report (8:15 a.m.)

International trade report (8:30 a.m.)

Beige book released (2:00 p.m.)

D.C. Chamber of Commerce Emerging Professionals Program kickoff event (5:00 p.m.)

Help: How to run a sales promotion that actually works (KS)

Follow: D.C. Chamber of Commerce

Extra: Could this turn every disappointed customer into a happy one? (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.
SECTION: {section=business/capitalbusiness, subsection=null}!!!
INITIAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, comments_period=14, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=2, source=washpost.com, allow_photos=false, maxitems=7, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!!

UGC FROM ARTICLE: !!!

FINAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, comments_period=14, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=2, source=washpost.com, allow_photos=false, maxitems=7, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!
Comments
SECTION: {section=business/capitalbusiness, subsection=null}!!!
INITIAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, comments_period=14, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=2, source=washpost.com, allow_photos=false, maxitems=7, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!!

UGC FROM ARTICLE: !!!

FINAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, comments_period=14, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=2, source=washpost.com, allow_photos=false, maxitems=7, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!
Show Comments
Next Story
J.D. Harrison | June 3