Updates

From The Washington Post: Across the street from Discovery Communications’ towering headquarters in downtown Silver Spring, Jay Ayaba eyed the line of customers at the Starbucks where he works as a shift supervisor. It was almost time for an early afternoon surge, overwhelmingly made up of Discovery employees whom Ayaba has come to know by…

From The Washington Business Journal: The loss of Silver Spring-based Discovery Communications Inc.’s global headquarters to New York City “diminishes” the Washington region’s business brand and hurts its efforts to recruit companies that diversify its economy, according to a local economist. “It sends a message to potential investors in the Washington metropolitan area that something is amiss,”…

From Washingtonian: For decades, the booming capital has outpaced the rest of the country. Recent data paints a scarier picture. The collapse begins on Capitol Hill. In 2018, Congress’s failure to pass a budget leads to a 10-percent cut in federal discretionary spending in the Washington area. Contracting firms begin layoffs. The newly unemployed stop…

From The Washington Post: Many economists thought 2017 would be a tough year for the nation’s capital and its outlying suburbs. After all, in one of his first actions, newly elected President Trump imposed a federal hiring freeze as part of his promise to “drain the swamp.” His early budget proposals suggested Republicans would slash…