BETHESDA M O N TG O M E RY CO U N T Y M A RY L A N D
Wisconsin Avenue, Bethesda
National Cancer Institute (NCI)
*Aerial photography courtesy of the Montgomery County Planning Department
Bethesda Row
Downtown Bethesda*
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A DYNAMIC DESTINATION FOR BUSINESS Bethesda is a thriving urban district that is home to numerous businesses large and small, and surrounded by restaurants, retailers and arts venues. Marriott International is building its new HQ in Bethesda as WTTG FOX 5 is also moving its operations to the area. Large developer JBG SMITH is relocating its HQ to downtown Bethesda, in a state-of-the-art building for top tenants like Host Hotels & Resorts and Booz Allen Hamilton. Bethesda’s downtown is also a designated Arts & Entertainment District providing special tax incentives to artists, arts enterprises and developers. Metro accessible and vibrant, Bethesda is a sought-after community for the ideal living and working balance. Montgomery County is a welcoming community and one of the most diverse Counties in the U.S. With 138 languages spoken in Montgomery County households, it is a great draw for employees, executives and their families. Companies choose Montgomery County for our proximity to the nation’s capital, easy access to three international airports, federal agencies and funding, and our stellar talent pool. The Montgomery County Economic Development Corporation (MCEDC) looks forward to welcoming your company. How can we help you?
David Petr President & CEO Montgomery County Economic Development Corporation
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BETHESDA TABLE OF CONTENTS WELCOME
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18 FEDERAL AGENCY HEADQUARTERS
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SPOTLIGHT LOCKHEED MARTIN
10
CLARK CONSTRUCTION
12
ACCESS THE TALENT CAPITAL
14
PIPELINE TO TOP TALENT
16
REGIONAL EXCELLENCE
17
LOCAL CONNECTIONS, GLOBAL DESTINATIONS
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FROM HERE, THE WORLD
20
PICTURE PERFECT URBAN LIVING
22
EXCEPTIONAL HOUSING
24
A WELCOMING, GLOBAL LOCATION
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A DIVERSE AND VIBRANT COMMUNITY
28
DIVERSITY SNAPSHOT
30
INNOVATION DRIVES BUSINESS
32
CREATING A SUSTAINABLE FUTURE
34
INNOVATION IS IN OUR DNA
35
INNOVATION SNAPSHOT
36
INFRASTRUCTURE SUPPORT
38
INCENTIVES
40
HOW MCEDC HELPS
41
CONNECT WITH US
42
ADDENDUM
4
MONTGOMERY COUNTY MEANS BUSINESS
44
CHOOSE MARYLAND FOR BUSINESS
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REGIONAL SNAPSHOT
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MOCO365
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Bethesda Metro Center Plaza
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355 28 270 200
28 ROCKVILLE ASPEN HILL
185 WHEATON-GLENMONT
ROLLINS PARK
355 NORTH BETHESDA
270
187
GARRETT PARK
97 KENSINGTON POTOMAC
495
191
29 190
CHEVY CHASE SILVER SPRING
BETHESDA
410
185 CABIN JOHN
GLEN ECHO PARK NATIONAL PARK SERVICE
TAKOMA PARK
355
VIRGINIA
29 495 MCLEAN
WASHINGTON, D.C.
66
FALLS CHURCH
IA
B E T H E S DA
395
IN
6
50
RG
495
ARLINGTON
VI
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WELCOME BETHESDA, MARYLAND BUILDING A DISTRICT TOGETHER
Ready to get out and play? It’s great to run, bike
Bethesda is a vibrant urban district that bustles
or hike on the Capital Crescent Trail, which runs from
with vitality. As your business continues to grow
Bethesda to Georgetown. Grab a bike at one of the
and evolve, Montgomery County is more committed
many Capital Bikeshare locations. There are plenty
than ever to be a fantastic partner in helping you
of housing options for renters and homeowners.
flourish as a successful company. And as one of the state’s 24 designated Arts & Entertainment Districts, Bethesda is dedicated to supporting businesses
BETHESDA URBAN PARTNERSHIP The Bethesda Urban Partnership promotes the downtown area through innovative marketing
like yours. State, regional, and local resources can
campaigns and large-scale special events that
provide all the assets you need to ensure new
draw folks from near and far. From arts festivals
ventures for years to come.
and summer concerts to film festivals and
BEST PLACE TO LIVE
culinary events, Bethesda is well known for
Bethesda consistently ranks as one of the best
its ever-widening events line up.
places to live in the U.S. And with a diverse population, convenient public transportation including Metro, and popular community celebrations—it’s easy to see why. Business is booming and area residents have a myriad of things to do. Locals and visitors can sample fantastic international cuisine, a live music or local theater performance, and retail shopping up and down lively streets. It all adds up to an exciting and
DOWNTOWN BETHESDA The area commonly known as “Downtown Bethesda,” is centered at the intersection of Wisconsin Avenue, Old Georgetown Road and East-West Highway. More great assets: • Top-rated Montgomery County Public
balanced lifestyle.
School system
A SMART BUSINESS DECISION
• Ranked #1 Most Educated Place in the U.S.
Employees enjoy easy access to Bethesda’s Metro
by NerdWallet
station and a great mix of ethnic restaurants and you from Point A to Point B—at no charge.
• Easy access to three major international airports • Just a few miles to the nation’s capital
“
shops. The downtown Bethesda Circulator takes
YOU CAN GO GLOBAL FROM MOCO. IT HAS ALWAYS BEEN A MAGNET FOR PEOPLE INTERESTED IN CONNECTING BUSINESS AND VALUE. — Seth Goldman, Co-Founder and TeaEO, Honest Tea
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FEDERAL
AGENCY
HEADQUARTERS
PROXIMITY TO REGIONAL U.S. GOVERNMENT FACILITIES MAJOR FEDERAL PRESENCE IN THE COUNTY
THE NATIONAL INSTITUTE OF STANDARDS
With proximity to numerous federal agencies in DC,
AND TECHNOLOGY (NIST)—GAITHERSBURG
Montgomery County is home to 18 federal agency
Measures the smallest of technologies to the
headquarters, including:
largest and most complex of human-made creations—founded in 1901.
THE NATIONAL INSTITUTES OF HEALTH (NIH) BETHESDA
THE NATIONAL CYBERSECURITY CENTER
The nation’s medical research agency, making
OF EXCELLENCE (NCCOE)—ROCKVILLE
important discoveries that improve health and save
Part of NIST, NCCoE is a collaborative hub where
lives. The agency encompasses 27 Institutes and
industry organizations, agencies, and academic
Centers, including the National Cancer Institute.
institutions address pressing cybersecurity issues.
THE NUCLEAR REGULATORY COMMISSION (NRC)
U.S. DEPARTMENT OF HEALTH & HUMAN
Located in the Pike District, the NRC is an
SERVICES (HHS)—ROCKVILLE
independent regulatory agency that oversees the
Enhances and protects the health and well-being
civilian use of Nuclear Power in the U.S., helping to
of all Americans and foster advances in medicine,
protect public health and safety, and the environment.
public health, and social services.
THE FOOD AND DRUG ADMINISTRATION (FDA)
NATIONAL OCEANIC & ATMOSPHERIC
SILVER SPRING
ADMINISTRATION (NOAA)—SILVER SPRING
Protects the public health by ensuring the safety,
Enriches life through science from the surface of the
efficacy, and security of human and veterinary drugs,
sun to the ocean’s depths. The agency helps inform
and biological products.
citizens about their changing environment.
BALTIMORE
141 miles to Philadelphia
FREDERICK 29 miles to Frederick
Port of Baltimore
HOWARD 227 miles to New York City
Potomac River
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DEPT. OF ENERGY
NCI NCATS NCCOE
NIST CVM IBBR
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HHS NRC
VIRGINIA
120 miles to Richmond
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CIT NATL ARTHRITIS/ MUSCULOSKELETAL VHA FDA NIH NHGRI CPSC NOAA
Washington Dulles Int’l Airport (IAD)
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NCCAM
8
Baltimore-Washington Int’l Thurgood Marshall Airport (BWI)
35 miles to Baltimore
MONTGOMERY
WASHINGTON, D.C.
44 miles to Annapolis
PRINCE GEORGE’S
Ronald Reagan Washington National Airport (DCA)
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National Institutes of Health (NIH)
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SPOTLIGHT LOCKHEED MARTIN ENGINEERING A BETTER TOMORROW
A GLOBAL COMPANY
At Lockheed Martin, they push the boundaries of
Headquartered in Bethesda, Maryland, Lockheed
scientific discovery and global security—turning
Martin is a global security and aerospace company
science-fiction concepts into reality. Solving the great
that employs approximately 100,000 people
problems of our times, Lockheed Martin creates
worldwide. It is principally engaged in the research,
innovative technologies that define generations.
design, development, manufacture, integration and sustainment of advanced technology systems,
As a company that operates worldwide, the
products and services.
majority of Lockheed Martin’s business is with the U.S. Department of Defense and U.S. federal
AERONAUTICS
government agencies. In addition, Sikorsky (a
Lockheed Martin’s operating units are organized
Lockheed Martin Company) provides military and
into broad business areas. Aeronautics, with
rotary-wing aircraft to all five branches of the U.S.
approximately $20.1 billion in 2017 sales, includes
armed forces, along with military services and
tactical aircraft, airlift, and aeronautical research
commercial operators in 40 nations. The remaining
lines of business.
portion of Lockheed Martin’s business is comprised of international government and commercial sales
With approximately $7.2 billion in 2017 sales, the
of products, services and platforms.
Terminal High Altitude Area Defense System and PAC-3 Missiles are some of its high-profile programs.
FULL SPECTRUM LEADERSHIP Corporate culture grows from the bottom up, as
ROTARY AND MISSION SYSTEMS
shifting social and economic realities weave their way into an organization. And it flows from the top down, as leaders recognize the inevitable changes taking place in the world and how they serve the
MISSILES AND FIRE CONTROL
Sikorsky military and commercial helicopters, naval systems, platform integration, and simulations make up this $14.2 billion line of business.
best interests of the organization. Full Spectrum
SPACE
Leadership allows the company to create its own
Approximately $9.5 billion in sales last year came
destiny and ensure that it will continue to thrive in
from space launch, commercial satellites, government
the face of new competitive challenges.
satellites, and strategic missiles divisions.
“
WE BELIEVE THAT TO DEVELOP A STRONG, CAPABLE WORKFORCE, EVERY SECTOR MUST DO ITS PART TO PROMOTE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH—FROM GRADE SCHOOLS AND UNIVERSITIES TO APPRENTICESHIPS AND WORKER RETRAINING. —M arillyn Hewson, Chairman, President and CEO, Lockheed Martin
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Lockheed Martin
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SPOTLIGHT CLARK CONSTRUCTION EXCEEDING EXPECTATIONS
BETHESDA OFFICE
Clark Construction Group is one of the most
From secure government buildings to stately
experienced and respected building and civil
museums and massive sports complexes, Clark’s
construction firms in the United States. They have
Mid-Atlantic Division has shaped our nation’s capital
been transforming the ideas and visions of clients
region for over a century. Co-located with the
into award-winning projects. Building with the
company’s corporate headquarters in Bethesda,
intention of exceeding expectations for safety,
Maryland, the office manages Clark’s construction
quality, functionality, and aesthetics—they deliver
operations along the Eastern Seaboard—nearly $2
finished products that stand the test of time.
billion of work annually. Consistently recognized as the area’s top builder, both in volume and revenue,
LOCAL TO NATIONAL
they’ve delivered over 900 projects for public and
Clark Construction prides itself on being a local
private clients in virtually every market sector.
builder with national reach. Their 4,200 employees are spread across offices and job sites throughout
Area projects include:
the United States. Though their presence today is
• International Spy Museum
larger than ever before, they are deeply rooted in the
• Museum of the Bible
communities where they build and live.
• The Wharf • National Museum of African American History & Culture
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YOU CAN’T OVERSTATE THE POSITIVE IMPACT THAT CLARK CONSTRUCTION HAS HAD ON THE WASHINGTON COMMUNITY, NOT ONLY AS ITS LARGEST GENERAL CONTRACTOR AND ONE OF THE REGION’S LARGEST EMPLOYERS. —M ichael Glosserman, Managing Partner, JBG Smith Properties
Watch these videos about other successful businesses in Bethesda. MARRIOTT INTERNATIONAL
HONEST TEA entrepreneurs Seth
KOOLSPAN provides secure
hotels have continued to set industry
Goldman and Barry Nalebuff created
communications solutions enabling
standards around the world with
their product from a shared passion
businesses and consumers to make
attentive guest care, exceptional
for a less sweet, but flavorful beverage
phone calls and send text messages
amenities, in-depth local knowledge
made with real tea leaves. The Coca-Cola
securely—with a solution that is easy
and preeminent loyalty programs.
Company purchased the company in 2011.
to install on an Android or iPhone.
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The Wilson & The Elm/Clark Construction
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ACCESS THE TALENT CAPITAL Finding smart employees is a no-brainer in Montgomery County. That’s because this region has the largest concentration of degree holders of any metropolitan area in the country. Whether you need the brightest minds coming out of today’s best schools, or influential leaders that can take your teams to the top, we have the people who can get you there.
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E D U C AT I O N
&
WORKFORCE
PIPELINE TO TOP TALENT GET THE TALENT YOU NEED
UNIVERSITIES AT SHADY GROVE
A highly educated community contributes
USG has 80 undergrad and graduate degree
immediately to a ready-to-go workforce, and
programs offered by nine University of Maryland
Montgomery County residents are among the
institutions on one convenient campus, including the
most highly educated people in the nation, where
internationally recognized University of Maryland
31% of Montgomery County residents hold
College Park. USG is constructing a state-of-the-art,
a post-grad degree and almost 60% of our
$162 million biomedical sciences building to further
residents have a bachelor’s degree.
cyber, engineering and biomedical sciences education, slated to open later in 2019.
MONTGOMERY COLLEGE A nationally and internationally recognized
USG comprises multiple Maryland universities:
multi-campus community college serving nearly
University of Maryland, College Park; University of Maryland,
60,000 diverse students per year in 130 programs
University College; University of Maryland, Baltimore County
of study, many in key industries including
(UMBC); University of Maryland at Baltimore; and more.
Biotechnology, Cybersecurity, Information
shadygrove.umd.edu
Technology, Engineering, and more. montgomerycollege.edu
WORKSOURCE MONTGOMERY (WSM) JOHNS HOPKINS UNIVERSITY (JHU)
WSM has a deep understanding of existing and
MONTGOMERY COUNTY CAMPUS
emerging industries allowing them to create sustainable
A premier university with a Montgomery County campus, the JHU Center for Biotechnology
workforce solutions that are tailored to this region— increasing the ability for your company to access highly
Education offers part-time, evening, master’s degree courses These include bioinformatics, biotechnology, entrepreneurship, and other areas. mcc.jhu.edu
talented workers throughout the region. WorkSource Montgomery will pre-screen potential employees, coordinate job fairs, and expand your reach to: • Colleges and universities throughout the region
WATCH VIDEOS about universities and colleges
• Active military and veteran service members
in Montgomery County: MOCOSUCCESS.COM
• Local, state, and federal government agencies • Community-based organizations and nonprofit
FOUNDATION FOR THE ADVANCED EDUCATION IN SCIENCES Eleven NIH scientists established the Foundation for Advanced Education in the Sciences (FAES) in 1959 to facilitate a collegial environment and provide educational and professional services for the scientific community. Over the last five decades, FAES has grown to serve not only the Bethesda Campus, but also Baltimore, Arizona, North Carolina, and Montana.
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E D U C AT I O N
&
WORKFORCE
REGIONAL EXCELLENCE PREMIER LOCAL UNIVERSITIES
GEORGETOWN UNIVERSITY
The Greater Washington area is home to some
One of the world’s leading academic and research
of the country’s premiere universities including
institutions, Georgetown is a Washington landmark
Georgetown, George Washington, and American
since 1789. Georgetown offers degree programs
Universities in Washington, D.C.; the University
in 48 disciplines, enrolling an average of 7,500
of Maryland in College Park; and George Mason
undergraduates and 10,000 post-graduate students
University in Northern Virginia. With the nation’s
from more than 130 countries. Georgetown has a
capital as a prime attraction, students gain
vibrant community of exceptional students, faculty,
experience from unmatched internships and
alumni and professionals dedicated to real-world
work experiences unique to our area.
applications of research and scholarship. A global educational institution, Georgetown offers 180 study
UNIVERSITY OF MARYLAND, COLLEGE PARK
abroad programs, 250 agreements with international
The state’s flagship university and one of the
partners and hosts 3,100 international students.
nation’s preeminent public research universities, it is a global leader in research, entrepreneurship
GEORGE WASHINGTON UNIVERSITY
and innovation. The university is home to more
Located 4 blocks from the White House, George
than 41,000 students, 14,000 faculty and staff,
Washington University has 10 different schools
and 352,000 alumni. It’s also a top 10 undergrad
and colleges in a variety of disciplines with an
program for entrepreneurship.
international student presence. GW connects
Maryland is strongly investing in STEM education to reflect the needs of our highly technical businesses. We have the tech talent here in our state and are
academic to policy and the workplace—students have research opportunities with federal agencies and renowned local institutions.
ready to go. The University of Maryland System
AMERICAN UNIVERSITY
(11 campuses + 3 regional campuses) produced
A private research university in Washington, D.C.,
77,103 bachelor’s degrees and 37,505 graduate
American University has 8 schools and colleges
degrees between FY2015 and 2017. Maryland has
including its renowned School of International
the highest concentration of computer information
Service—comprises 160 programs including
and research scientists in the nation.
71 bachelor’s, 87 master’s and 10 doctoral degree programs. The university’s student body represents all 50 U.S. states and 141 countries.
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ABOVE ALL, THE COUNTY AND THE GREATER WASHINGTON AREA HAVE CONSISTENTLY PROVIDED THE SKILLED AND TALENTED WORKFORCE THAT WE HAVE NEEDED TO EXPAND AND PROSPER. — Arne Sorenson, President and CEO, Marriott International, Inc.
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LOCAL CONNECTIONS, GLOBAL DESTINATIONS Whether you want to travel across town or around the globe, you’ll find it’s easy to get there from Bethesda. With convenient access to three airports, D.C. Metro, MARC trains, Bus Rapid Transit, and dedicated bike paths—professionals and residents alike have excellent options for getting around. In addition to our comprehensive transportation network, we’re perfectly situated next door to Washington, D.C., close to New York City, and halfway between Boston and Atlanta, on our nation’s most prosperous business corridor.
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T R A N S P O R TAT I O N FROM HERE, THE WORLD TRAVEL BY AIR TO ANYWHERE
TAKING A DRIVE
Global business is big business in Montgomery
Near the I-95 corridor, Montgomery County is
County. We have three international airports with
perfectly situated for travel up and down the
direct flights to many international destinations.
east coast. The I-495 Capital Beltway to the south
And since more than 160 foreign-owned companies
provides access to Washington, D.C. and Northern
have North American headquarters in the county,
Virginia, with the ICC connecting the I-270 Tech
this offers a big strategic advantage.
corridor to I-95 and College Park.
• Baltimore/Washington International Thurgood
CAPITAL BIKESHARE
Marshall (BWI)
Montgomery County is part of the regional
• Ronald Reagan Washington National (DCA)
Capital Bikeshare system. Pick up a bike for quick
• Dulles International (IAD)
and easy rides to home or work at participating Rockville, Silver Spring, Gaithersburg, Takoma Park
Also, Montgomery County Airpark in Gaithersburg
and Chevy Chase communities.
provides convenient corporate and general aviation, offering a local alternative to regional transportation.
PEDESTRIAN FRIENDLY Living in Montgomery County allows many residents
METRO SYSTEM
to enjoy walkable streets, landscaped sidewalks,
Washington, D.C.’s Metro system is one of the best
bikeways, trails, and paths for pedestrian circulation
public transit systems in the country, with 117 miles
and connections to surrounding communities.
and 91 rail stops located throughout Maryland, D.C. and Virginia. The mass transit service contributes to
TAXIS, UBER AND MORE
a regionally connected area, and Metro buses are
Driving and ride sharing services are readily
also available to add riding options.
available throughout Montgomery County and the greater metro area.
With construction already started, the new Purple Line will link Bethesda, Silver Spring, College
RESIDENTS RIDE ON
Park, and New Carrollton—with service projected
Ride On is a popular public transportation system in
to begin in 2022.
Montgomery County, Maryland, as well as Langley Park in Prince George’s County. Ride On operates
COMMUTER TRAINS
more than 100 routes. Ride On extRa, a bus service
MARC trains provide efficient statewide
that started in 2017, is a limited-stop route via 355
transportation for commuters coming in and
between the Lakeforest Transit Center and Medical
out of Montgomery County, with stops in
Center Metro station. It also has free WiFi, USB
Gaithersburg, Germantown, Rockville and Silver
charging ports, and very comfortable seating.
Spring. Amtrak also stops in the area, with a
Ride On was awarded a $1.75 million grant from
platform in Rockville.
the Federal Transit Administration to purchase the county’s first four electric buses and charging stations. The County is also introducing a Ride On Flex Service for “on demand” bus service.
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Capital Bikeshare
Commuters on a MARC train
Reagan National Airport and the Capital
Purple Line train/Riverdale Park Station
Union Station/Washington Metro
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PICTURE PERFECT URBAN LIVING Housing options abound in an urban district that bustles with vitality. With a dependable housing market that offers plentiful inventory, the area is bike and pedestrian-friendly, and metro accessible. Single-family homes are available in many friendly neighborhoods. Beautiful condos and cool lofts are on the market, along with an influx of great new apartments for rent, some with gourmet kitchens and roof top city views. Walk to a concert, brewery or grab a bite to eat at one of our many fabulous restaurants. Explore city living at its best in downtown Bethesda.
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REAL
E STAT E
EXCEPTIONAL HOUSING A BALANCE OF URBAN AND SUBURBAN LIVING
Located in south Bethesda, Fort Sumner takes its
With a well-known reputation, Bethesda offers the
name from the Civil War fort that once stood there until
perfect balance of city and suburban housing options.
builders created a mix of Colonials and Cape Cods. In East
As new residential, retail, and offices pop up, residents
Bethesda, new homes are replacing many of the older
enjoy an exciting mix of galleries, theaters, and dining.
ones as more and more newcomers discover the area.
Bethesda is also very popular due to its convenience
And it’s hard to find a neighborhood that’s transforming
to Washington, D.C., easy Metro access, and walkable
faster than Wyngate, filled with charming designs.
neighborhoods.
DEPENDABLE HOUSING OPTIONS
NEIGHBORHOODS WITH UNIQUE
The region has a very dependable housing market
PERSONALITIES AND SINGLE-FAMILY HOMES
with plentiful inventory at very stable costs. At an
Each neighborhood in the desirable Bethesda area
increase of only 8 cents per square foot over the
has its own personal character and charm. Bethesda’s
last four years, renting a home or apartment is far
Kenwood neighborhood is home to 1,200 cherry
less expensive than what is available in many other
blossom trees that line the streets and attract huge
coveted East Coast communities. Within the greater
crowds every year.
metro region itself, Bethesda’s housing options are less expensive than comparable communities in Washington, D.C. and Northern Virginia. Within biking and transit distance, there are starter homes, family neighborhoods, condos, rental apartments and a variety of executive housing choices.
MEDIAN HOME VALUES IN COMPETITIVE MARKETS City
4901 Montgomery Lane
Single-Family Home
AVERAGE MARKET RENTS IN COMPETITIVE MARKETS
Bethesda, MD
$531,500
Clarendon, VA
$592,400
Shaw, D.C.
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B E T H E S DA
$627,900
City
Studio
1 BR
2 BR
3+ BR
Bethesda, MD
$1,308
$1,557
$1,980
$2,428
Clarendon, VA
$1,612
$1,958
$2,650
$3,870
Shaw, D.C.
$1,718
$2,057
$2,881
$3,539
REAL
E STAT E
EXCEPTIONAL HOUSING SHORT AND LONG-TERM CORPORATE HOUSING Bethesda and the greater region have many corporate housing options, each offering fully furnished executive or luxury apartment rentals. The Washington, D.C. area also has a large selection of unique choices, such as the Attaché Corporate Housing that offers various furnished options throughout the area for shorter and extended stays. CONDOS, APARTMENT AND LOFT RENTALS New luxury apartments and condos are springing up in Bethesda, like the Flats at Bethesda Avenue. Discover amenities such as a sophisticated rooftop lounge, incredible on-site restaurants and retail, and
The Grand by Execustay
courtyard with its quiet pathway to the Capital Crescent Trail. Other popular districts are nearby, like Wheaton, which is also designated as an Arts & Entertainment district with affordable housing options. Nearby Takoma Park is known for its forward-thinking, civicminded residents and a great mix of restaurants
“
and eclectic shops.
BETHESDA IS ONE OF THE MOST WONDERFUL CITIES TO LIVE IN THE WASHINGTON, D.C. SUBURBS. GOOD PUBLIC AND PRIVATE SCHOOLS, VERY DIVERSE AND OPEN MINDED PEOPLE!
100 Commerce Lane
— Current Resident, Niche.com
7900 Wisconsin Avenue
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A WELCOMING, GLOBAL COMMUNITY Montgomery County is an ideal location to expand an amazing global business, raise a family and live the good life. What attracts one million people to our area? It’s our diversity of people and talent. It’s our cosmopolitan, welcoming community. And it’s our rich quality of life, from award-winning schools and world-class restaurants to cultural gems, abundant parkland and bike trails. Montgomery County, Maryland—it’s where you’ll want to be.
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LIFESTYLE A DIVERSE AND VIBRANT COMMUNITY A WELCOMING GLOBAL COMMUNITY
CABIN JOHN REGIONAL PARK
Montgomery County leads the way with a melting
Cabin John Regional Park offers something for
pot of cultures, ideas and discoveries. People of all
every sports lover, including summer ball games,
nationalities call this region home. 138 languages are
tennis on both indoor and outdoor courts, Tai Chi,
spoken in Montgomery County, and we celebrate
and even ice skating at the fully enclosed Cabin
the cultural diversity that flows in our communities.
John Ice Rink.
More than 40% of residents speak a language other
Visitors can also enjoy a variety of environmental
than English, which is higher than the national
programs, ride on the model train, or play at the
average of 21.5%. In 2015, the most common
Adventure Playground. And if an afternoon isn’t
non-English language spoken in the County was
enough, spend the night at one of seven walk-in
Spanish. 14.5% of the County’s overall population
campgrounds. With over five miles of hiking and
are native Spanish speakers, while 3.53% speak
biking trails, there is plenty of scenery to explore.
Chinese and 2.9% speak African languages.
Round House Theatre is home to an outstanding
Countries from around the world are represented
ensemble of actors who seeks to captivate audiences
right here in Montgomery County. With a $5.5
with stories that inspire compassion, evoke emotions,
billion economy that’s growing, our County truly
and demand conversation.
embraces cultural diversity. This cultural range is reflected in the variety of thoughts and ideas generated by the global companies that make Montgomery County their home. From vibrant, urban districts like Bethesda, Silver Spring, Kensington and Wheaton to the rustic open spaces in Darnestown and Poolesville, there is a neighborhood for everyone in Montgomery County.
Round House is building one of the nation’s leading regional theatres by establishing long-term relationships with exceptional artists, and integrating comprehensive theatre education for patrons of all ages into every aspect of their work. FARM WOMEN’S MARKET A unique, intimate, quirky and festive shopping experience in Downtown Bethesda—the Market
DISCOVER CREATIVE INSPIRATION
features great food, drink and music with artisans,
Silver Spring has consistently been ranked
crafts and boutique businesses from around the
one of the best places to live in the U.S.
Mid-Atlantic region. It began in 1932 by farmers’
Area highlights include:
wives selling preserves, baked goods and produce.
• E asy access to the Bethesda Metro station
“It’s the oldest market in the area, and it’s still going
• C onveniently located to Washington, D.C. • A variety of ethnic restaurants and shops • R un, bike, or hike in nearby Capital Crescent Trail • H ome of the Walter Reed National Military Medical Center
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ROUND HOUSE THEATRE
DRIVING CULTURAL AND ECONOMIC SUCCESS
B E T H E S DA
strong,” says Market President Barbara Johnson. Local vineyards and breweries provide tastings and food trucks offer a quick meal. The Farm Women’s Market is a ten-minute walk south on Wisconsin Ave. from the Bethesda Metro Station at the intersection of Bethesda Ave. and Wisconsin Ave.
LIFESTYLE A DIVERSE AND VIBRANT COMMUNITY BEYOND BETHESDA
EXPLORE GREEN SPACES
Dining is a delight throughout Montgomery County,
• 34,000 acres of parkland in the Montgomery
including farm-to-table, vegetarian, and ethnic
Parks system
choices representing virtually every country. In
• 189 miles of natural and paved trails; 305 tennis
addition to the 350 cultural organizations and 60
courts; 500+ lakes; 289 playgrounds; 296 athletic
galleries in Montgomery County, the Strathmore
fields; hundreds of other recreational amenities
Music Center, The John F. Kennedy Center for
• 400 parks, 2 national parks, Glen Echo Park and
the Performing Arts, Shakespeare Theater, and
Chesapeake & Ohio Canal National Historic Park
Signature Theater are all nearby. Free museums
• 93,000 acres of farmland and rural space are part
and exhibitions of the Smithsonian Institution are
of the expansive Agricultural Reserve, protected
also a great draw for our Montgomery County
“
businesses and residents.
space in Montgomery County since 1980
BETHESDA IS UNMATCHED AS AN AMENITY-RICH PLACE TO DO BUSINESS. A HOME TO INTERNATIONAL CORPORATE HEADQUARTERS, MAJOR FEDERAL AGENCIES, AND START-UPS, BETHESDA OFFERS A WIDE RANGE OF WORK SPACES—INCLUDING SOME OF THE CAPITAL REGION’S FINEST TROPHY COMMERCIAL BUILDINGS—WITHIN WALKING DISTANCE OF SHOPS, HOTELS, ENTERTAINMENT, DINING AND TRANSIT. —M arc Elrich, Montgomery County Executive
Bethesda Row
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The rest of America won’t be as diverse as Montgomery County for another
30 YEARS
138
languages spoken in our public schools
1/3 OF RESIDENTS are foreign born
Maryland is a leader in
SAME-SEX MARRIAGE Ranked among WalletHub’s 2017
TOP 5 MOST CULTURALLY DIVERSE PLACES in the U.S.
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% 40
OF RESIDENTS speak a language other than English
#2 DESTINATION for immigrants from Africa
Our public schools
SUPPORT GENDER IDENTITY
54% OF RESIDENTS are non-white
M O N TG O M E RY CO U N T Y, M A RY L A N D
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INNOVATION DRIVES BUSINESS AHEAD Discoveries spring from every corner of our County. From our premier office spaces and wet labs, to our research parks and federal institutions, on our farms and in our business incubators, we’re making advances that cross industries and break boundaries. Our innovation extends to sustainability, where County government operations have been carbon neutral since 2016, delivering a 23% reduction in our carbon footprint.
M O N TG O M E RY CO U N T Y, M A RY L A N D
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I N N OVAT I O N
AND
S U STA I N A B I L I T Y
CREATING A SUSTAINABLE FUTURE GREENHOUSE GAS REDUCTION Montgomery County is committed to leading by
Energy—Electricity generated through onsite
example in greenhouse gas emission reductions:
solar installation is exempt from the County’s
• M ontgomery County purchases 100% of its
Fuel Energy Tax
electricity supply from clean sources • C ounty Government has installed more than six megawatts of solar photovoltaic panels on public facilities and is expected to exceed 11 megawatts by 2018 • C ounty government operates a total of 243 electric and gasoline/electric hybrid vehicles • T he county’s Department of Transportation
• Rainscapes Rewards offers rebates up to $10,000 for commercial property owners installing rain gardens and other projects • The Montgomery County Green Business Certification Program is a voluntary recognition effort for businesses that exhibit a high level of sustainability ENGAGED RESIDENTS
serves 26 million passengers a year and operates
The people living here contribute to create
370 buses, all either hybrid electric, compressed
a better future:
natural gas, or clean diesel • M ontgomery County will complete its first two microgrids in 2018, enhanced with a combination of solar energy, and combined heat and power systems that convert electricity into natural gas • M ontgomery County became the first of
• Bethesda Green, a nonprofit sustainability hub with a mission to promote sustainable living practices • Multiple financial incentives to help residents reduce their energy use, including $250 in energy efficiency tax credits, free “Quick Home Energy Check-ups,” Maryland Residential Clean Energy
only a handful of local governments to join
Grant Program, and Weatherization Assistance
the Subnational Global Climate Leadership
to low-income households
Coalition, agreeing to pursue emission reductions consistent with a trajectory of 80 to 95 percent below 1990 levels by 2050 SUPPORTING BUSINESSES Montgomery County prides itself in supporting
• Over 150 publicly available electric vehicle charging stations—perfect for county residents who used the state’s tax credit to purchase or lease a new electric vehicle • S even local USDA Organic farms, with their
businesses that help our efforts, which include:
products available through 24 farmers markets
• G reen Bank—The first formal green bank
and 27 Community Supported Agriculture vendors
organization to be established at a local government level • Commercial PACE Financing—Commercial property owners can finance energy-saving upgrades
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• Fuel Energy Tax Exemption for Onsite Clean
B E T H E S DA
• T he annual GreenFest, a free, all-day environmental festival helping residents ‘green’ their lifestyle
I N N OVAT I O N
AND
S U STA I N A B I L I T Y
INNOVATION IS IN OUR DNA LEADING THE WAY
BIOHEALTH
Innovation in MoCo crosses industries, borders
• Supernus develops pharmaceuticals to fight
and boundaries. Mapping the human genome. Developing life-saving therapies. Building premier cybersecurity defenses. Driving worldclass advancements. If it’s on the forefront of technology and innovation, it’s happening here. Below are some of our area’s most promising innovations and discoveries. ENTREPRENEURSHIP • T he Greater Washington area is #1 for “Growth Entrepreneurship” and #1 for “Highest Density of High-Growth Companies in IT Services” • I ncubator resources through the Montgomery Business Innovation Network focus on market disruption and start-up of tomorrow
epilepsy and other CNS disorders • Sanaria is developing and commercializing malaria vaccines in a dedicated clinical manufacturing facility, the only one of its type in the world • Biotech Labs USA, a University of Maryland spin off, is helping to make cats and dogs healthier • NIH is the world’s largest biomedical research institute • FDA protects public health through regulation of food, drugs, biological products and medical devices • BioHealth Innovation, Inc. accelerates innovation and advancing science, cyber and health technology
Featured Company: DAI
IT & CYBERSECURITY
Since 1970, DAI has worked in more than 150
• First Federally Funded Research and
countries delivering results across the spectrum of international development contexts including areas such as digital, economic growth, environment and energy, health, governance, and sustainable business.
Development Center (FFRDC) for cybersecurity • Weatherbug app creates its lightning sensors, data apps and warning systems in Germantown • ultraMontgomery is a high-speed fiber network that connects business, academic and federal institutions along major corridors ADVANCED MANUFACTURING • Xometry invented an IT platform for on-demand manufacturing that is used by start-ups to Fortune 500 companies AGRICULTURE • “Kingsbury Pride” is the yellow freestone peach created at Kingsbury’s Orchard in our famed Agriculture Reserve
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BIOHEALTH HUMAN GENOME was first mapped here
INFOZEN integrated NASA’s live stream of the solar eclipse
The first rapid
TEST FOR EBOLA approved by the FDA
THINGSTITUTE First IoT test bed in a local government
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NATIONAL CYBERSECURITY CENTER OF EXCELLENCE promotes the private sector’s rapid adoption of cyber products
THE 1ST LOCAL GREEN BANK
BETHESDA GAMES STUDIOS created landmark games such as Fallout and The Elder Scrolls
promotes affordable, clean energy
AGRICULTURE RESERVE Best-in-class farm and rural space protection of a full 1/3 of the County’s land
ROBOTIC COW MILKING first all pasture raised dairy in North America
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I N N OVAT I O N
AND
S U STA I N A B I L I T Y
INFRASTRUCTURE SUPPORT MAKING STRONGER CONNECTIONS
PUBLIC DATA
Information and connectivity are becoming the
dataMontgomery was among the first generation
new currency in today’s business environment.
of local government open data platforms
At Montgomery County, we understand and stay
launched in 2007—where residents can access
one step ahead with everything your business
and analyze publicly available data in a searchable
needs to compete. With a high-speed fiber network
and consumable format. CountyStat uses data
that greatly improves communication and a strong
strategically to monitor, assess, and improve
data center ecosystem, Montgomery County
the effectiveness, efficiency, and performance
is on the leading edge of infrastructure and
of County services, solve problems, and
technology improvements.
develop targeted action plans and strategies
ultraMontgomery is a high-speed fiber network that connects our business, academic and federal institutions along major corridors and greatly improves communication. The technology-based, multi-year, economic development initiative aims to grow jobs by making gigabit broadband more affordable and widely available to public and private institutions in major corridors and transit-oriented communities within the County. In addition to private providers, the County operates its own 570mile government run fiber network, called FiberNet. CELLULAR COVERAGE Montgomery County has extensive 4G coverage from all four major wireless carriers—including Verizon, AT&T, Sprint, T-Mobile. Hughes Network Systems, one of the country’s two leading satellite broadband providers is also headquartered in Montgomery County. DATA SYSTEM ECOSYSTEM Montgomery County offers its own mature commercial data center ecosystem. Two of these data centers include Bytegrid and Recovery Point. Bytegrid is a national provider of multi-tenant data centers. The maintainable and fault-tolerant design of this facility offers an ideal location for projects and expansion opportunities for businesses.
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to deliver results for our residents, businesses, and communities. openMontgomery provides immediate access to vital county data and information, along with a wide variety of raw data
“
FIBER CONNECTIVITY
that the public can analyze freely.
IN OUR MODERN TECH ECONOMY, INTERNET CONNECTIVITY AND NETWORK INFRASTRUCTURE ARE AS FUNDAMENTAL TO ECONOMIC DEVELOPMENT AS AN EDUCATED WORKFORCE AND TRANSPORTATION. MY GOAL IS TO LEVERAGE ULTRAMONTGOMERY, OUR ULTRA-HIGH SPEED, FIBER NETWORK INITIATIVE, TO ENSURE THAT MONTGOMERY COUNTY HAS THE MOST ROBUST, RELIABLE, AND RESILIENT BROADBAND IN THE NATION. — Marc Elrich, Montgomery County Executive
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INCENTIVES TAX CREDITS AND VENTURE CAPITAL FUNDING MARYLAND BELIEVES IN BUSINESS
Green Business Certification Program: A voluntary
This region has grown into one of the wealthiest
recognition program to encourage businesses
and most business-diverse areas in the country
to reduce their ecological footprint. Certified
because Montgomery County and state leaders
businesses are promoted and listed in the Green
work together to make doing business here more
Business Directory.
profitable for corporations and their employees. Many incentives, exemptions and tax credits are available to offset your costs of moving to the world-class Bethesda Community. THE ECONOMIC DEVELOPMENT FUND The EDF grant is a financial incentive based on capital expenditures and job creation. Typically, the term of an EDF grant agreement is 10 years. Any grant over $100,000 is subject to approval by the County Executive and the County Council. EDF payments are phased, based on the verification of
Rainscapes Rewards: Rebates up to $10,000 for commercial property owners installing rain gardens and conservation landscaping, planting trees and implementing other projects that help control stormwater pollution. Fuel Energy Tax Exemption for Onsite Clean Energy: Electricity generated through on-site solar installation is exempt from the County’s Fuel Energy Tax, which applies to fossil-fuel generated electricity and other building fuels.
the grantee’s capital expenditures and certification
Montgomery County Green Bank: Uses seed
of job creation milestones. Recapture provisions
capital to spur private capital investment.
include pro-rata repayment if promised job numbers are not retained for the term of the grant agreement.
Tree Montgomery: Free shade trees are available to commercial property owners to manage
THE ENHANCED NEW JOBS TAX CREDIT
stormwater, improve air quality, save energy and
The ENJTC is a credit against the county’s portion
beautify property.
of real property and business personal property taxes. Businesses are eligible for a 24-year credit
VENTURE CAPITAL FIRMS IN MONTGOMERY CO.
if they meet established job creation, wage, and
• Aldrich Capital Partners Bethesda
square footage requirements. The credit is applied annually to Levy Year tax assessments. A business has six years from the notification date to create
• Arborview Capital Chevy Chase • Boulder Ventures Chevy Chase
and fill the required number of new jobs and
• CNF Investments Bethesda
acquire and inhabit the new space. When this is
• Emerging Technology Partners Rockville
accomplished, and the company has notified the County Department of Finance, the business will begin receiving the credit.
• Enlightenment Capital Chevy Chase • Epidarex Capital Bethesda • New Enterprise Associates Chevy Chase
GREEN INCENTIVES Commercial PACE Financing: Finance energy-saving upgrades through a property tax surcharge that is repaid over the life of the upgrade (potentially up to 100% of the cost for up to 20 years).
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• Kinetic Ventures Chevy Chase • Novak Biddle Venture Partners Bethesda
HOW
MCEDC
HELPS
ECONOMIC ENGINE FOR BUSINESS DEVELOPMENT OUR PEOPLE KNOW PEOPLE
commercial properties. Whether you are considering
Our business retention and recruitment experts
starting a business here, moving into the county, or
are ready to help you reach business growth in
expanding within your current location, we can help.
Montgomery County. With decades of business
We’ll help you find the address of choice that can lead
experience on our team in the County and
to great business success in the county.
throughout the region, MCEDC is ready to help connect you to valuable resources, locations, potential partners, networking opportunities and more. If we don’t have it, we’ll find it for you.
EXPLORE AVAILABLE INCENTIVES Find out about current incentive programs from the county and the state, along with licensing, permitting and zoning information. Many incentives, tax credits
MAKE IMPORTANT CONNECTIONS
and other help are available—and our business
Using our wide-ranging network, we can connect
development team can help you find assistance.
you to potential partners and investors, professional service providers, accelerators and innovation centers, and networking. Tap our experts for business and market intelligence to help you make important decisions and assess current market conditions. Reach out and let us help you connect. ACCESS A LEADING WORKFORCE Thirty one percent of Montgomery County residents hold a post-grad degree and almost 60% of our residents have a bachelor’s degree. MCEDC partners with colleges and universities to help you source the best talent.
CONNECT BUSINESS TO TALENT WorkSource Montgomery is an MCEDC partner that expands its efforts to address talent development in East County, and particularly White Oak. We assist businesses in this area find a highly talented workforce that will allow them to accomplish their goals. WorkSource Montgomery helps to strengthen individuals at all job levels through career advancement, working directly with businesses to ensure a strong talent pool for in-demand occupations.
We are a ‘go-to’ resource that links the local and regional
Ask Worksource Montgomery how they can help you
workforce pipeline to companies to fuel success.
with your talent needs at worksourcemontgomery.com.
FIND THE PERFECT BUSINESS ADDRESS
WE CAN HELP
We can assist you with finding the perfect location
Contact MCEDC at thinkmoco.com to find out even
from site selection to knowing early about available
more ways we can help your organization succeed.
M O N TG O M E RY CO U N T Y, M A RY L A N D
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CONNECT
WITH
US
READY TO HELP YOUR BUSINESS CHAMPIONS Please reach out to us for answers to any questions you may have and to discuss next steps.
David Petr President & CEO David@thinkmoco.com 240.641.6701 office 863.956.7474 mobile
Lynne Stein-Benzion, CEcD Director of Business Retention & Expansion Lynne@thinkmoco.com 240.641.6706 office 301.910.1828 mobile
As the President and CEO of MCEDC, David
Lynne Stein Benzion is MCEDC’s Director of
develops innovative strategies, strengthens
Business Retention and Expansion, with many
partnerships and promotes Montgomery County
years of experience in the economic development
as a great place to do business. He leads the
arena and deep roots in the local Montgomery
MCEDC effort to help businesses start, relocate
County business community. She visualizes
and expand in the County. He regularly meets
the true potential of MCEDC as a regional and
with hundreds of businesses, associations and
national leader that capitalizes on the county’s
community partners to better understand their
cultural diversity to help new ideas and industries
priorities to help shape successful strategies.
grow and thrive.
LEARN MORE
LEARN MORE
Spiros Balntas, CEcD Director of Business Recruitment Spiros@thinkmoco.com 240.641.6705 office 301.857.1942 mobile
Daniel Parra Director of Small and Minority Business Development Daniel@thinkmoco.com 240.641.6714 office 240.271.8904 mobile
Spiros Balntas is the Director of Business
As the Small and Minority Business Development
Recruitment, working to transform MCEDC into one
Director, Daniel Parra reaches out to minority
of the most competitive economic development
groups to help them cultivate partnerships and
agencies in the country. He comes to MCEDC with
opportunities within their communities. Well
a diverse range of economic growth experience,
known within the Asian, African, and Hispanic
having served in business development capacities
communities, he is also fluent in Spanish. Daniel
both nationally and internationally. He speaks four
was the President of the Hispanic Chamber of
languages, a distinct advantage in a multi-cultural
Commerce for Montgomery County. He was
County like Montgomery.
also the Managing Director of Maryland’s Latino
LEARN MORE
Economic Development Corporation. LEARN MORE
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Bethesda Train Mural
Wisconsin Avenue*
C Doug Kaputsin O
Crystal Willow
*Aerial photography courtesy of the Montgomery County Planning Department
Mon Ami Gabi
M O N TG O M E RY CO U N T Y, M A RY L A N D
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ADDENDUM MONTGOMERY COUNTY MEANS BUSINESS MULTIPLYING THE POWER OF PARTNERSHIPS
FROM HERE ACCESS BUSINESS ANYWHERE
Montgomery County is booming with international
• Prime Location: Our next-door neighbor is the
business opportunity. With 31% of our residents
nation’s capital, and we are central to the bustling
holding post-grad degrees—the highest in the
business northeast corridor
county—we have the smartest workforce to drive business success. Exciting new partnership opportunities are available for companies to start, grow or relocate to our thriving area. Build to suit options are now available for companies. Innovation Centers that support, mentor and help promote business growth are sprinkled throughout
• 3 International airports with 1,000 nonstop flights daily to 85+ domestic and 47+ international destinations • Amtrak connects to BioHealth hubs in Philadelphia, New York, Boston and other major cities • 1/3 of the U.S. population is within an overnight drive from Maryland
Montgomery County, including BioHealth Innovation (BHI) which runs centers in Germantown and Rockville. And you’ll find the Silver Spring Innovation Center right here in Silver Spring. Montgomery County is recognized as a great place to support your business success. GLOBAL COMPANIES: • B AE Systems • C hoice Hotels International • C oca-Cola • G laxoSmithKline
A PERFECT ADDRESS FOR BUSINESS
• H ughes Network Systems
• 18 Federal government agency headquarters
• L ockheed Martin
• 6% Job Growth
• M arriott International
• 227+ Foreign-owned companies and growing
• M edImmune/AstraZeneca
• 138 Languages spoken in diverse households
• O tsuka America • Q iagen
• 4 of the 10 Most diverse cities in the U.S. are in MoCo
• S odexo
• 6,000 STEM PhDs
• U nited Therapeutics
• 32k Businesses in Montgomery County
• W estat
and growing • 7,000 MD businesses export to 209 countries
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ADDENDUM CHOOSE MARYLAND FOR BUSINESS OPEN FOR YOUR NEXT BIG BUSINESS OPPORTUNITY We can help you achieve success in the prime mid-Atlantic location of Maryland, right next door to the nation’s capital with more than 60 federal agencies. About 1/3 of the entire U.S. population is within an overnight drive of Maryland, a state that is situated in one of the nation’s busiest corridors between Boston and Atlanta. Find an active consumer market and a top hub for BioHealth, cybersecurity and IT industries. Innovation happens here every day, with a diverse population and thriving workforce.
THE GLOBAL GATEWAY TO INTERNATIONAL BUSINESS
STRENGTH OF FOREIGN INVESTMENT
With an ideal east coast location and proximity to
IN MARYLAND
the nation’s capital, Maryland is a hot spot for new
• F DI Strength: Home to the largest amount of
global business with a highly skilled workforce, a
Foreign Direct Investment (FDI) in the world • $ 8 trillion: Gross Domestic Product (GDP) • 6 ,370,900: U.S. workers employed by U.S. affiliates of majority foreign-owned firms • $ 57 billion: Research and development (R&D) spending by U.S. affiliates of majority foreignowned firms in 2014 • $ 425 billion: Contribution to U.S. goods exports by majority foreign-owned firms operating in the U.S.
strong infrastructure and access to 3 international airports. Add in close access to 176 foreign embassies and more than 60 federal institutions, and you’ll see why companies are choosing Montgomery as a base for global success. • 900 Foreign-owned companies • $75,847 Median household income—higher than any other U.S. state • 30% Foreign-born Montgomery residents • 4 MoCo cities among top 15 “Most Diverse Cities in America”
M O N TG O M E RY CO U N T Y, M A RY L A N D
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ADDENDUM REGIONAL SNAPSHOT A LOOK AT THE GREATER WASHINGTON, D.C. AREA
are leading the way in innovative, sustainable
Major companies from Yelp, Marriott and Nestle,
technology. From its diverse pool of professional
have made the Greater Washington area their home.
talent, to its convenient access to key business
Why? Because they see the tremendous value that is
players—there’s no place in the country quite like
available here. D.C.’s urban and suburban communities
the D.C. region.
CONNECTIVITY AWARDS Pike District/North Bethesda: Best Place to Live in Maryland 1 Award of Excellence from the American Planning Association Rockville: #1 Best Place to Raise a Family 2 #13 Best Places to Live3 Top 30 Small Towns for Book Lovers4
Bethesda: #1 Most Educated Place in America 5 #1 Most Educated Place in America, third year running6 Montgomery County: #2 Best Public Schools in the State 7
Super high-speed network connectivity covers the area with a dense mat of fiber networks and conduit that provides a rare combination of competitive, advanced telecommunication services at relatively low cost. 4G cellular coverage is also available from all four major wireless carriers (Verizon, AT&T, Sprint, T-Mobile). Since the launch of the County’s ultraMontgomery program in 2014 to facilitate proliferation of ultra-high-speed broadband, the County has received and is processing hundreds of applications for 5G antenna systems.
#2 Top Digital Counties in U.S.
EXTENSIVE MOBILITY
DYNAMIC ECONOMY With a regional GDP of more than $500 billion, if the Washington area were a country, its economy would be the size of Sweden’s. Fueled by a 35% rise in population, growth is overwhelmingly through international migration and natural increase among current residents. More than 23% of the regional population is foreign born, bringing a depth of diversity that makes the region a microcosm of the country and the world.
The D.C. region is home to one of the top two largest transit systems in the nation, which powered nearly 180 million rail and more than 120 million bus trips in 2016 alone, reaching a 1,500 square mile area. n
R anked as the 2nd most walkable metro area
n
3 3% of office, retail or multi-family space located in a pedestrian-accessible area
n
A top 10 market nationally for its percentage of commuters who bike to work
n
T hree international airports provide for hourly shuttle flights to business hubs in New York and Boston
n
A five-hour drive to seven of the top 50 MSAs in the country
INCREDIBLE TALENT The greater Washington area has the second highest percentage of employees working in the computer and math field of any MSA in America. It is the top-ranked location for professionals in key corporate business functions such as management, financial and legal. There are also more than 40 different universities and colleges in the region.
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SOURCE: 1 niche.com 2018 2 Livability.com 2016 3 Livability.com 2017 4 Aboutgreatbooks.com 2016
5 Nerdwallet.com 2016 6 Forbes 2015 7 Niche.com 2017
ADDENDUM WE ARE MONTGOMERY COUNTY EXPLORE OUR BUSINESS LEADERS
Discover. Connect. Check out the personal stories
Entrepreneurs and innovators make up a diverse
of 365 community members, and what inspires them
tapestry of business success stories that reach all
to live and work in Montgomery County, Maryland
across Montgomery County, Maryland.
every day of the year.
M O N TG O M E RY CO U N T Y, M A RY L A N D
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thinkmoco.com
1801 Rockville Pike, Suite 320, Rockville, MD 20852
I 240.641.6700 I hello@thinkmoco.com