Top Economic Development News

Opportunity Knocks this month! From federal Opportunity Zones, to efforts to boost Frederick County's cyber security industry, a new chapter of StartUp Grind in Frederick, and to new Future Minority Business Leaders graduating who are ready to do big things, there is opportunity everywhere.

October brings Manufacturing Month nationwide and I can't think of a better way to celebrate it locally than with recognizing three recent award-winning manufacturers recently named Champions of Maryland Manufacturing by RMI. Our department's own manufacturing business developer Jodie Bollinger was also selected as an Emerging Leader Winner in Manufacturing. Congratulations to them all!

It's also National Cyber Security Awareness Month and our local cyber industry has been building momentum. Check out the article below to learn more about what our companies and partners are doing to keep our information systems safe.

But, perhaps my favorite reason to celebrate October is because it's Business Appreciation Week and Economic Development Week for the state of Maryland. Our staff is out of the office this week visiting over 100 businesses to thank them for all they do. I want to take this opportunity to also thank you and your business for helping to make Frederick County's economy strong.

Helen Propheter, Director
Frederick County Office of Economic Development
Opportunity Zone Website Launched

Frederick County, in collaboration with the City of Frederick and City of Brunswick, has launched a Frederick County Opportunity Zone website to help connect investors with existing local ventures eligible for the federal Opportunity Zone incentive program.
Frederick County Graduates 17 Future Minority Business Leaders
The program was established in 2017 by OED as way to help grow minority business leaders through resources, networking and business education that inspires future leaders.
Read More 

Cyber Frederick County
October is Cybersecurity Month and Frederick is fortunate to be a prime location for businesses in general, and for those specifically tapping into the Cybersecurity industry's regional growth.
Learn More

Business Appreciation Week (BAW) 2018 in Full Swing
Between October 15-19, 60+ ambassadors will be visiting over 100 businesses to thank them for all they do. 

StartUp Grind is Coming to Frederick
Startup Grind is the largest independent startup community, actively educating, inspiring, and connecting more than 1,500,000 entrepreneurs in 450 cities. They nurture startup ecosystems in 120 countries through events, media, and partnerships with organizations like Google for Entrepreneurs. 
GOEFER Launches Energy Saving Technology Pilot Program at ROOT
Early-stage technology company GOEFER has teamed up with ROOT's five partner organizations to conduct a pilot program of the company's proprietary energy technology, which analyzes energy usage and gives users greater control.
Congratulations to Regional Manufacturing Institute of Maryland (RMI)'s Champions of Maryland Manufacturing
Rooster BioGrowth and Productivity
Phoenix Mecano - Growth and Productivity
STULZ Air Technology Systems - Energy and Sustainability
Jodie Bollinger, OED Business Development Specialist, Manufacturing - Emerging Leader
Miscellaneous Metals, Morgan-Keller Construction, Music & Arts and The Frederick National Lab for Cancer Research 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.  
Aspen Ridge Professional Center is a 7.72 acre, 3 building, Class A professional business campus located in the heart of Frederick's medical corridor and less than one mile from Ft. Detrick's entrance on Opossumtown Pike. The two story building has 23,865 SF floor plates and can be leased in its entirety to one user or broken down into 2,500 SF or greater suites. The site is zoned Professional Business and parking is at ratio of 4.3/1000 SF.

  • Number of Businesses - 181, 7% growth
  • Number of Jobs - 5,150, 7% growth
  • Average Weekly Wage Per Worker in Manufacturing - $1,214, 4% growth
  • Annual Wages Paid in Manufacturing - $81,280,309, 10% growth
TRANSIT Services of Frederick County is seeking service feedback from employers, their employees and potential riders in the Route 85 corridor.  Take the Survey  
October 18 @ 5:00pm
October 20 @ 10am and October 21 @ 12pm
October 25 @ 4:30pm

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