Top Economic Development News

OED has wrapped up another successful Business Appreciation Week, visiting 109 businesses in one week! We learned that more businesses than ever have plans to expand over the next two years. 71% of businesses also reported that business was better this year than last year. 2018 has been a good year for many, including our office!

As we begin to wind down 2018, we're making plans for the 3rd Annual Frederick Real Estate Dealmakers (FRED) Awards in April, which means we're looking for the best commercial real estate deals and dealmakers of this year. Let us know who you believe is most deserving of this honor by submitting a nomination today.

I'm ecstatic to be able to share the good news in our life sciences industry which continues to experience impressive growth - from global giants like Thermo Fisher Scientific who recently expanded, establishing their North American distribution hub right here in Frederick - to a German-based cancer research firm planting their U.S. headquarters here. These companies are advancing healthcare R&D around the world. This is the kind of news that makes me so thankful to be able to do economic development in Frederick County.

Happy Thanksgiving and please remember to Shop Small on November 24!

Helen Propheter, Director
Frederick County Office of Economic Development
Nominate a commercial real estate project or dealmaker for the 2018 Frederick Real Estate Dealmakers Awards! Entries are being accepted until 
December 7, 2018. ---> Nominate Here
BAW 2018 Results Are In

A record number of Frederick County businesses expect to expand in the coming two years, according to feedback received during the county's 18th annual Business Appreciation Week (BAW) visits.

Indivumed Plants U.S. Headquarters in Frederick
Earlier this month, a German-based cancer research company opened its US Headquarters in Frederick County, and has its sights set on growth.
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Thermo Fisher Expansion Creates Life Science Distribution Hub; Brings Cybersecurity Jobs 
"Thermo Fisher Scientific expanded the distribution center and added a new facility dedicated to handling cryogenic storage and the National Cancer Institute Repository for Clinical Trials. The center will now be the distribution hub for life sciences in North America." 
New Market Named County's 5th Main Street Community
The Town of New Market joins Downtown Frederick, City of Brunswick, Town of Middletown and Town of Thurmont with the statewide designation. Frederick County now has the largest number of Main Street communities in the state of Maryland.
Regional Partnerships Bring Key Industry Groups to Frederick
The Cybersecurity Association of Maryland, Inc. and ULI-Baltimore members toured Frederick last month. 
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Mark Your Calendar for SMART PROC 2018
The 16th Annual SMART PROC GOVCON connects attendees with government, academia and industry leaders discussing trends in defense and civilian agency program priorities and upcoming requirements in the Mid-Atlantic.
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The Plamondon Companies, Prolist, Pleasants Paving and Stulz are highlighted for their impacts and contributions to Frederick County's economy.  Frederick's Top 50 Businesses for 2018 is a metrics-driven list using analyzed data including: number of local employees, annual property taxes paid, square footage occupied, location sales volume and year established.  
The Patrick Center is a 7-story Class A office building with 66,269 sf in the heart of downtown Frederick across from the Frederick District Courthouse. This building has undergone significant renovations in the lobby and common areas. Two suites are available, including Suite 101 (3,575sf) and Suite 300 (2,210sf). Covered parking is also available.

Fort Detrick Campus - 9,100
Frederick County Board of Education - 5,624
Frederick Memorial Healthcare System - 2,379
Leidos Biomedical Research, Inc - 2,200
Frederick County Government - 2,034
Wells Fargo Home Mortgage - 1,708
Frederick Community College - 1,086
City of Frederick Government - 872
United Health Care - 750
AstraZeneca/MedImmune - 700
TRANSIT Services of Frederick County is still seeking service feedback from employers, their employees and potential riders in the Route 85 corridor.  Take the Survey  
November 24 @ all day
December 11 @ 9:00am
December 12 @ 5:00pm

Frederick County Office of Economic Development
118 N. Market Street, Suite 300
Frederick, MD  21701