Top Economic Development News
We are just a few weeks into the New Year, and 2019 is already proving to be an exciting year. In early January, OED and County Executive Gardner accepted the 2019 County Innovations Award from the Maryland Association of Counties (MACo) for ROOT - our business and technology innovation center located at 118 North Market Street in downtown Frederick. Read more about this exciting news below. Thanks to our many partners at ROOT who make this initiative a success.
Hot off the press is OED's 2018 Annual Report, which takes a look back at company openings and expansions and top economic development results from last year, as well as a preview of what's to come in 2019. 2018 was a monster year for economic development in Frederick County - check out our video and annual report publication to find out why!
Along with our annual report, we're excited to announce the 2019 Top 50 Frederick, in partnership with Frederick Magazine. This Top 50 edition recognizes the incredible leadership talent of Frederick's Top 50 CEOs in the business and non-profit community and is full of inspirational leadership stories, company turn-around successes, and more.
Finally - we know small businesses are always looking for new ways to market their businesses. In case you missed it, last summer OED launched the Pitch Room @ ROOT to give Frederick County businesses a new way to perfect their pitch and tell their story. Find out more about this new service, and book your spot in the Pitch Room, at A huge thanks to our sponsors for the Pitch Room - Rural Maryland Council, M&T Bank, techfrederick, McShea Properties and Frederick County Bank.

Helen Propheter, Director
Frederick County Office of Economic Development
ROOT Wins Statewide Innovation Award
Frederick County was recognized at the Maryland Association of Counties (MACo) Winter Conference with an Innovation Award for ROOT,  our business and innovation center in downtown Frederick.
Frederick's Top 50 CEOs Revealed

Frederick's Top 50 CEO list recognizes outstanding leadership in Frederick County. OED received 146 nominations for lead executives, founders, entrepreneurs and company owners of for-profit and not-for-profit organizations.

2018 OED Annual Report Now Available
This year's annual report includes gives a glimpse into the success stories and achievements that made 2018 a monster year for Frederick County economic development.  
OED Director Named to Board of Directors for Business Finance Group
OED's Director Helen Propheter was recently named to the Board of Directors for Business Finance Group, a regional Certified Development Company with a mission to partner with traditional lending institutions on SBA 504 loans to spur job growth and economic development.  Read More
Take on the New Year with a Fresh Perspective from Homegrown Frederick
Is one of your New Year's resolutions to eat healthier, or maybe to buy more local products? Check out Homegrown Frederick, OED's website dedicated to all things agriculture in Frederick County, to find tools to help you achieve your "get healthy" goals including local products, CSAs, farmers' markets and more.  Read More

Ernest W. Angell, Jon-Mikel Bailey, Dr. Scott Barao and Jeff Barber are the Top 50 CEOs highlighted this month.  The Top 50 CEO list includes criteria based on the CEO's individual responses on the following: Strategic leadership concepts, Significant growth under his or her leadership, Number of employees, Tenure, Company's turnover rate, Company's median salary, Number of nominations the CEO received and CEO's involvement in the community.
The award-winning Worman's Mill Planned Neighborhood Development provides upscale amenities with an emphasis on fine living and wellness. With 27,340sf of ground floor retail, this opportunity is located at the center of community life where approx. 5,000 people can walk to this destination. There is a total of 16,425sf available and spaces range from 900-4,950sf, which includes restaurants, shops, a bank, salon, medical offices and more. 

     Center, Inc (FITCI) Annual Report   
  • 41 Current Clients
  • 800 jobs created since 2014
  • 1,343 visitors
  • Increased FITCI-client generated revenue by 30% since 2016
  • Received $450,000 in grants for FY2019 to expand services
The Frederick Center for Research and Education in Science in Technology exists to provide a STEM-focused research and education hub in Frederick that enhances access to graduate education and facilitates research partnerships that drive economic development.  Learn More  

February 7 @ 4:30pm
February 7 @ 7:30am
February 12 @ 6:00pm
Frederick County Office of Economic Development
118 N. Market Street, Suite 300
Frederick, MD  21701