Top Economic Development News

We couldn't be more excited with our partnership with the staff at the Jacob France Institute at the University of Baltimore. The research they conducted and the report they unveiled at the end of April provides a comprehensive plan for our county to move economic development forward. The Growth Opportunity (GO) Strategy revealed:
  • Frederick County's millennial population growth rate is higher than Maryland and the Washington DC metro area.
  • Frederick County is growing more jobs at a faster rate than Maryland and both Baltimore & the DC Metro areas.
  • Frederick County employment is forecasted to grow 32% from 2015 to 2045.
Please read the report to see what recommendations we have to seize these opportunities for the best economic growth for the county. We welcome your thoughts as we move forward with the recommendations in our GO Strategy.

This month, I am very proud of our team for winning the statewide economic development award for our work in craft beverage growth and also to our assistant director Heather Gramm for winning the 2018 Rising Star award. We have a dynamic team who does great work for Frederick County every day.


Sincerely,




Helen Propheter, Director
Frederick County Office of Economic Development
GO Strategy To Lay Foundation for Job Attraction and Creation
"The recommendations will strengthen our economic foundations, attract jobs and position us for the future." Read More
Watch the unveiling on Youtube

Craft Beverage Growth Program and OED Assistant Director Win at Statewide Economic Development Conference
OED's work in growing craft beverages has won a Maryland Economic Development Association (MEDA) Award and Assistant Director Heather Gramm is MEDA's 2018 Rising Star. Read More

Frederick County Craft Beverage Growth Program - Read the Case Study

Nominate a Top CEO in Frederick County
We're looking for the Top 50 CEOs, lead executives, founders, entrepreneurs and company owners of for-profit or not-for-profit organizations in Frederick County. Deadline to nominate is May 31, 2018.  Nominate Now

Shaking Things Up with Washington Labs CEO Mike Violette
What would happen to your cell phone in space, in -85 degree temperatures or in a hurricane? Washington Labs, who recently doubled their square footage in Frederick, could show you, but it might not be pretty.  Learn More

Come for the View - Stay for the Shopping, Dining and Events
An economic development update on what's happening in the Town of Middletown.   Read More
FREDERICK'S TOP 50 BUSINESSES 
Costco Depot, Carey International and Dairy Maid Dairy 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.
 
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PROPERTY OF THE MONTH
Monocacy Trading Center, located at 8301 Retreat Rd in Walkersville, is a 200,000 SF facility that has been renovated and converted to multi-tenant use. Flexible dock and at-grade loading options combined with an open floor plan and outside storage availability make the facility ideal for a wide variety of industrial uses. Lease rates at $4.95/SF NNN further enhance tenant value. 
 
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STAY IN THE KNOW
BUSINESSES IN THE NEWS 
BY THE NUMBERS
  • Unemployment Rate (March) - 4.1% compared to MD 4.5% and US 4.1%
  • Educational Attainment (2012-2016) - 39.7% Bachelor's degree or higher ages 25+, compared to MD avg 38.4% and US 30.3%
  • Population  (2017) - 252,022, a change of 8.0% since 2010
YOUTH WORKFORCE OPPORTUNITIES AVAILABLE
Have you heard about Youth WORKS! Summer Jobs Program, an annual program of Frederick County Workforce Services, that gives the youngest members of our workforce opportunities for summer employment? 
UPCOMING EVENTS
Frederick County Office of Economic Development
301-600-1058
118 N. Market Street, Suite 300
Frederick, MD  21701
www.discoverfrederickmd.com