D.C.’s (very quiet) quest to host the 2024 Olympics

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

Let the games begin: A group that includes some of the D.C. area’s most deep-pocketed, well-connected business leaders has been trying to persuade the U.S. Olympic Committee to nominate Washington to host the 2024 Summer Games. So, what are the chances of actually landing the games, and what would it mean for the region? Here’s what you need to know. (WP)

Heading overseas: With defense budgets tightening, Lockheed Martin, the nation’s largest defense contractor, plans to boost funding for internal research and development and to grow its international sales – starting with its new fighter jet. (WP)

All in the margins: Sales at the new Science Applications International Corp. declined in the first quarter – but it wasn’t all sour news for the McLean-based contractor on Tuesday. Just look at those profits. (CAPBIZ)

Consistent growth: The median price for a home in the D.C. area rose to a record high for the month of May, according to data released Tuesday. That’s the 28th consecutive month of price growth in this region. (WP)

Gains and losses: Over the past three years, the federal government has eliminated 61,400 jobs. During that period, the District took the biggest blow, losing 9,423 federal jobs. Question is, how did Maryland manage to add more than 4,000? (FT)

Weigh in: What do you think downtown Bethesda look like? Montgomery County planners want to know, and they have extended the deadline for public input on the future of the area’s streets, gathering spots and landscaping. (WP)

Chopping block? Critics of the health care law, including many business owners, have long bemoaned a provision that requires employers to provide health insurance. Now, some of the law’s supporters are turning against the rule, too. (OSB)

Upbeat on Main Street: Optimism among small business owners hit to the highest level in May since 2007, according to the latest report by the National Federation of Independent Business. So why aren’t they hiring? (WSJ/OSB)

Millions of millionaires: More than a million Americans joined the millionaire’s club last year, bringing the country’s total to 7.1 million, more than any other nation in the world. And we’re not slowing down. (TS)

On Wall Street

Stocks finished about where they started on Tuesday, with the Dow eking out a record-high. (Get the latest updates here)

What’s on tap today

MBA purchase applications (7:00 a.m.)

EIA petroleum prices report (10:30 a.m.)

U.S. Treasury budget report (2:00 p.m.)

Greater Washington Board of Trade workshop on community engagement (8:30 a.m.)

Google Analytics Boot Camp in Montgomery County (10:00 a.m.)

Women entrepreneurship event on capital and financing at 1776 (6:30 p.m.)

Baltimore Washington Investors Meetup (6:30 p.m.)

Help: How to lure more shoppers to your Web site (INC)

Follow: SAIC

Extra: Soccer fans are excited about the World Cup. So are cybercriminals. (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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