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Thousands Converge In Washington, Business Owners Eye Higher Profits

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Thousands of gay rights advocates will convene in Washington this weekend for several events and that has some local business owners excited for a possible boost in revenue.

Thousands are expected to march on the national mall Sunday, and President Obama will address the Human Rights Campaign Saturday night.

Some members of the business community, gay and straight alike, hope to turn the big weekend into big profits. Justin Nelson is the president of the National Gay and Lesbian Chamber of Commerce. He says this weekend could inject up to $33 million into the local economy and will put the District's Lesbian Gay Bisexual Transgender policies in the national spotlight.

"If D.C. really wanted to make an example there would be, and I'm not saying things aren't happening, but we'd see a larger push for LGBT owned companies to be a greater part of the supply chain of the city," says Nelson.

LGBT-owned businesses are considered minority companies when applying for D.C. procurement contracts. Nelson claims the District tends to opt for other minority groups first, but hopes this weekend will change that.

Peter Granitz reports...

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