China Posted August 16, 2011 Share Posted August 16, 2011 Government dollars fuel wealth: D.C. enclaves reap rewards of contracting boom Millions of dollars worth of federal contracts transformed Anita Talwar from a government accounting clerk into a wealthy woman — one who can afford a $2.8 million home in the Washington suburbs with its own elevator, wine cellar and Swarovski crystal chandeliers. Talwar, a 59-year-old immigrant from India, had no idea that she and her husband would amass a small fortune when she launched a company providing tech support to the federal government in 1987. But she shrewdly took advantage of programs for minority-owned small businesses and rode a boom in federal contracting. By the time Talwar sold Advanced Management Technology in 2004, it had grown from a one-woman shop to a company with more than 350 employees and $100 million in annual revenue — all of it from government contracts. Talwar’s success — and that of hundreds of other contractors like her — is a key factor driving the explosion of the region’s wealth over the last two decades. It also has exacerbated the gap between high- and low-wage workers, which is wider in the D.C. area than almost anywhere else in the United States. Washingtonians now enjoy the highest median household income of any metropolitan area in the country, and five of the top 10 jurisdictions in America — Loudoun, Howard and Fairfax counties, and Falls Church and Fairfax City — are here, census data shows. Click on the link for the full article Link to comment Share on other sites More sharing options...
twa Posted August 16, 2011 Share Posted August 16, 2011 blood sucking leaches :pfft: Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted August 16, 2011 Share Posted August 16, 2011 Man the bubble in this area will pop hard if military spending is truly cut. Just within a 5 minute drive of my house are the HQ's of 3 major defense contractors (multi billions in business per year) Link to comment Share on other sites More sharing options...
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