Top Economic Development News

In November, we observe Veterans Day and this year marks the inaugural Maryland Veterans Month. Frederick is home to Fort Detrick so we have a deep appreciation of those who serve our country and the economic impact to our community. Thank you to all who have served to keep us safe and free.

We are so proud of the first class of graduates from our Future Minority Business Leaders program who graduated in October. Please meet them in this month's newsletter and watch for great things from them in future. 

Lastly, November signifies the beginning of the holiday season. It is difficult for me to imagine my community without small, local businesses. Their impact on our economy is rich and we hope you'll shop small and shop local on Small Business Saturday and throughout the holidays. Maybe I'll see you out and about at some of my favorite shops on November 25th!


Helen Propheter, Director
Frederick County Office of Economic Development
Frederick County Graduates First Future Minority Business Leaders Class

"Ultimately, we want a community of minority business leaders to help mentor the next generation."  Learn More

Save Energy, Save Money with New Business Incentive
The Commercial Property Assessed Clean Energy Loan (C-PACE) provides commercial loans for businesses and nonprofits who want to invest in energy efficiency, renewables and water conservation projects.  Learn More

You're Invited to Shop Small on November 25th

The kick-off to the holiday season and Small Business Saturday are fast approaching! Not sure where to shop or why shopping small matters?  Learn More about Frederick County's downtowns. 

Small Business Procurement Opportunities at SMART PROC 2017 
Find out what it takes to thrive in today's competitive federal, state and local procurement arena at this two-day small business procurement conference.  Register today!

OED Named Tourism's 'Ambassador of the Year'
"The Office of Economic Development has been a key partner in promoting and advancing tourism initiatives over the past year."  Learn More

STULZ USA employs more than 380 in Frederick County and is a major contributor to our economy.
MASAI Technologies Corp (MTC)
MTC is a minority-owned IT and business consulting company founded in 1997, employing 10 people.
5 910 Frederick Crossing  L ane, Frederick, MD 
This 2,000 square foot first floor medical office suite is conveniently located in the Guilford Office Condominium Center.  The space has ample parking and convenient access to I-70 and I-270 along with its excellent visibility.  Currently set up for a medical practice with a reception area and exam rooms, this move-in ready space could easily accommodate a medical practice or office user.
Contact: Sunshine Management Corporation - William S. Zahler  301.663.8383 x216 or Dan Mangan 301.663.8383 x219
  • Unemployment rate  (Sept) - 3.1 % compared to MD rate of 3.8% and U.S. rate of 4.2%
  • Commercial Real Estate Sales  - 2017-Q3 saw $89.9M in sales transactions - on pace to top $400M by year end
  • Commercial & Industrial Construction Costs (YTD)  - $165.2M compared to last year YTD $94.5M and five year average $144.2M
Sherman Coleman
Sherman is OED's Small and Minority Business Champion.

November 16 @ 4:30pm-7:00pm
November 30 - December 1 @ 8:00am
December 6 @ 3:30pm to 7:00pm

Frederick County Office of Economic Development
118 N. Market Street, Frederick, MD  21701