eesh Wrote:
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>
http://www.bizjournals.com/washington/stories/2010
> /08/09/daily19.html
>
>
> "This is equivalent to a recession if it happens
> all at once," Fuller told WTOP.
>
> Fuller said it is more likely that the economy
> will "grow more slowly." And, the cut "will affect
> the office market, certainly," he said.
>
> Because defense contracting is so specialized, if
> contracts aren't renewed or are cut by the
> Pentagon, those jobs disappear from the local
> economy.
>
> "These jobs are gone. They just don't move over to
> the private sector," Fuller said.
Yup - I've been saying for years that this county needs to diversify.
Compare Fairfax and Montgomery - where is our research university? Where is our biotech? Where is our IT research? Where is our science park?
We also missed a real opportunity to site a major secure defense or intelligence campus in the west of the county post 911, rather than random office buildings - now everything is being BRAC'd to Belvoir and Meade