If you don't see images, click here to view
Story Ideas  Events 

To ensure delivery, please add newsletter@bisnow.com to your address book, learn how
Tech Bisnow
Real EstateLegalAssociationMedicalThe SceneWomen
December 2, 2008
Jones Lang LaSalle

The New Washington?

Big shout-out to great sponsor The George Washington University! Earn a Master's in Molecular Biotechnology at GWU. Learn more at their upcoming info session on Wed, Dec 3. Click here.


Early this morning 550 business execs from the tech, legal, trade association, and real estate worlds gathered for a little crystal ball gazing at the National Press Club to divine what ’09 holds for Washington business. The theory is that the confluence of crises, coupled with the advent of activist government, means a new era of power and influence for the Nation’s capital. And for Federal IT? “Procurement reform,” says former DHS Secretary Tom Ridge. “Nothing stimulates the imagination like a budget cut,” he said. “It’s time for everyone to refocus on how to be realistic.”


Tom is now heading Ridge Global LLC, an international security and economic advisory firm, and is a senior advisor to Deloitte. He cited a GAO report that studied 95 DoD weapons projects last year and found they were on average 26 percent over budget and delivered 21 to 24 months late. “I don’t think the defense budget will be cut, but we need to rethink how we operate to focus more on completing projects and not just how much we spend. Doing that will completely change Washington,” Tom says.


Here’s Tom with our other featured speakers J.E. Robert Companies CEO (and Fight Night founder) Joe Robert and Carlyle Group founder David Rubenstein. David told the audience his fear is that the now-declining cost of gasoline will cause the public to avoid demanding alternative sources. “I hope the threat of global warming will scare people to develop these technologies not for profit, but society,” he said, noting the Model T got 22.4 miles to the gallon, the same the average car produced in Detroit gets today.


Qorvis Communications budget guru Stan Collander, Deloitte Managing Partner Gary Tabach and National Federation of Independent Business CEO Todd Stottlemyer. You remember Todd as the former CEO of Apogen Technologies that grew to 900 employees and $200 million in revenue. Stan said Washington is about to become the center of the business world – kind of like Hollywood with the movies – because all of the major companies are going to need business offices and employees (not just lobbyists) in D.C. to work closer with the government than ever before.


Orr Partners president (and big-time contractor) David Orr and Lee Technologies CEO John Lee (wonder how they picked their company names?). John tells us his company just celebrated its 25th anniversary and is busy building data centers around the world, expecting to add 15 percent to its budget next year. David is looking to make a splash too, putting together an emergency fund to purchase unused office space (he did this in the early 90s and got real estate in Tysons for $40 a square foot). If you think that’s impressive, David just bought a Beech Bonanza (that’s a plane).


D.C. Chamber of Commerce CEO Barbara Lang and Deloitte Public Sector Industry Leader Greg Pellegrino. Greg told the audience federal contracting has grown double digits each year since 9/11 and he expects growth in contracting and IT to continue to grow, although at a smaller rate. He said the areas to watch for growth in the future include healthcare, sustainable energy and infrastructure development, along with hot button government issues like cyber and IT security. Greg also said he expects a boost in Web 2.0 companies.


Everyone’s go-to forecaster Steve Fuller, Director of the Center for Regional Analysis at GMU and Cardinal Bank Chief Economist, said the Metro area has received an extra $13 billion in homeland security spending because of 9/11 that has helped keep Washington’s economy growing while others major cities have declined. “We’ll always have a lower unemployment rate because it’s difficult to find qualified employees to do government work for the right price, but Washington always has an advantage because of the feds.”


IMC CEO Sudhakar Shenoy, Strelmark president Hilary Fordwich and Cyveillance CEO Panos Anastassiadis. Panos tells us his cyber intelligence firm actually gets busier the worse the economy gets. “As money gets tighter, you see more fraud cases and recently released employees looking to get back at their former employer,” says Panos, a noted chef who cooked the side dishes at Thanksgiving, but left the bird to his wife. “The secret to fluffy mash potatoes? Celery root,” Panos tells us, five days too late.


Mobile Access’ Ron Kaiser (former CFO of OTG Software and Trusted Information Systems) with Digital Sandbox co-founder Bryan Ware. Bryan tells us his firm’s celebrating its 10th anniversary this Thursday. [Poke Bryan to congratulate him!]

Gotten enough federal IT? We hope not, because we’ve got Karen Evans tomorrow! Send story ideas to David@Bisnow.com 

Cardinal Bank
Nixon Peabody
Silver Companies
Advertise with Bisnow

This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identified in the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error, please accept our apologies and unsubscribe below. ? 2008, Bisnow on Business, Inc., 1323 Connecticut Avenue, NW, Washington, DC 20036. All rights reserved.

Zegna Adrian Jules Dormeuil email Tech Bisnow Sent Using iContact