From around the DMV (D.C., Maryland, Virginia) area comes the latest business news and announcements. 1776, Washington, DC’s startup incubator, hopes to lead a revolution and unleash an army of disruptive companies on the greater Washington area and the world as well. Conservative leaders in Maryland argue that the state is in critical need of a better business climate as federal spending cuts begin creeping in. Virginia Tech is one of three mid-Atlantic universities, Tech, the University of Maryland and George Washington University, picked to set up a regional program helping to turn innovative research into new products. USB Payment Processing, a leading credit card processing company focused on helping small businesses succeed, today announced its entry into the online Group Buying category with the launch of My Business Network, a program focused on delivering unique deals and discounts to small businesses. One of Greater Washington’s largest general contractors, Turner Construction Company, will begin an eight-week seminar next month to give small business owners the inside scoop on how to land a subcontract and break through the gap that keeps many of them from becoming big businesses. University of Maryland, College Park and two other East Coast schools will share $3.75 million from the National Science Foundation to develop a regional hub for turning university research into marketable products and services.
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