Page 1

CHEVY CHASE M O N TG O M E RY CO U N T Y M A RY L A N D


The Shops at Wisconsin Place

Chevy Chase Center

2 C H E VY C H AS E


FIND THE HIGHEST STANDARDS OF QUALITY One of the area’s first fully planned communities, Chevy Chase is among the region’s most exclusive neighborhoods. High-end retail shopping includes fashionable names like Bloomingdale’s and Saks Fifth Avenue, along with specialty stores and restaurants. It is also home to GEICO, one of the nation’s most successful insurers. We’re also honored to be one of the most diverse counties in the U.S., an area that embraces diversity of thought. With 138 languages spoken in Montgomery County households, it is a welcoming community to your employees, executives and their families. Companies choose Montgomery County for our proximity to the nation’s capital, easy access to three international airports, nearby federal agencies and funding resources, and our stellar workforce talent pool. The Business Journal has named Chevy Chase as its smartest community. The Montgomery County Economic Development Corporation (MCEDC) looks forward to welcoming your company to Montgomery County, Maryland.

David Petr President & CEO Montgomery County Economic Development Corporation

M O N TG O M E RY CO U N T Y, M A RY L A N D

3


CHEVY

CHASE

TABLE OF CONTENTS WELCOME

6

18 FEDERAL AGENCY HEADQUARTERS

8

SPOTLIGHT WEDDINGWIRE

10

GEICO

12

SMARTEST U.S. WORKFORCE

14

THE LARGEST CONCENTRATION OF DEGREE HOLDERS

16

FEATURED AREA HIGHER EDUCATION FACILITY

17

BUSINESS IS A GO

18

FROM HERE, THE WORLD

20

A GROWING NEIGHBORHOOD

22

EXCEPTIONAL HOUSING

24

LOCAL LIVING, GLOBAL REACH

26

DIVERSE AND VIBRANT COMMUNITY

28

DIVERSITY SNAPSHOT

30

THINKING FORWARD

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 MONTGOMERY COUNTY MEANS BUSINESS

44

CHOOSE MARYLAND FOR BUSINESS

45

REGIONAL SNAPSHOT

46

MOCO365

47

4 C H E VY C H AS E


The Shops at Wisconsin Place

M O N TG O M E RY CO U N T Y, M A RY L A N D

5


KENSINGTON

192

270

97 495

495

355

185

CHEVY CHASE

410

188

187 BETHESDA

186 410

185 191

191 355 186

396

6 C H E VY C H AS E

WASHINGTON, D.C.


WELCOME CHEVY CHASE, MARYLAND CHEVY CHASE LAKE DEVELOPMENT

Area residents include some of the most

The area is named “Chevy Chase Lake” for the

prominent citizens in the Washington, D.C. region.

artificial lake that was created. The largest property

Business is booming with a myriad of things to

owners in the area are Howard Hughes Medical

offer locals and visitors, such as fantastic cuisine

Institute, The Chevy Chase Land Company, and

and luxury retail brands. It all adds up to an

the Housing Opportunities Commission of

exciting and balanced lifestyle.

Montgomery County.

PROGRESSIVE IDEAS

Construction on the first phase of a redevelopment

From innovative new companies, to sustainable

project in Chevy Chase could start in early 2018,

practices at every level in the community,

according to officials with the two developers

Chevy Chase prides itself in leading the way

partnering on the plan. Mixed-use elements include

toward a more advanced and environmentally

a new grocery-store anchor, apartments, civic

friendly neighborhood.

green space, and more.

More great assets: • 81.6% of residents have a bachelor’s degree

NEW TRANSIT

or higher

One of the Purple Line’s 21 stations will be right here in Chevy Chase Lake. The station will be

• Access to the Friendship Heights Metro station

located on the east side of Connecticut Avenue, in

• Easy access to Washington, D.C. and Baltimore, including three major airports

the Georgetown Branch Right of Way. The Capital Crescent Trail will be rebuilt alongside the Purple Line, and completed all the way into Silver Spring.

SMALL BUSINESSES Many of the small businesses in Chevy Chase

QUALITY LIVING

have a loyal following. The commercial strip along

Chevy Chase consistently ranks as one of the top

Connecticut, affectionately called “The Avenue,”

educated places to live in the U.S. Residents are

consists almost entirely of local businesses

also in good hands, medically speaking, according

catering to residents. Creative new establishments

to U.S. News & World Report’s list that ranks the

offer a change of scenery, and the nearby Cleveland

state’s best health care facilities for 2017-2018.

Park area provides a different pace of restaurants

The list puts three Montgomery County facilities

and shopping.

among the state’s best.

THIS AREA WAS REZONED THREE OR FOUR YEARS AGO FOR THE PURPLE LINE, SO OUR PLANS INCLUDE AN 11-STORY APARTMENT HOUSE CLOSE TO CONNECTICUT AVENUE AND THE STATION, WITH A HALF-ACRE PARK IN BETWEEN. —M  cLean Quinn, Vice President of Land Acquisition and Development for EYA

M O N TG O M E RY CO U N T Y, M A RY L A N D

7


18

FEDERAL

AGENCY

HEADQUARTERS

PROXIMITY TO REGIONAL U.S. GOVERNMENT FACILITIES MAJOR FEDERAL PRESENCE IN THE COUNTY

THE NATIONAL CYBERSECURITY CENTER

In addition to its proximity to dozens of federal

OF EXCELLENCE (NCCOE)

agencies in Washington, D.C., Montgomery County is

Part of NIST, NCCoE is a collaborative hub where

home to the following 18 federal agency headquarters.

industry organizations, government agencies, and academic institutions work together to address

THE NATIONAL INSTITUTES OF HEALTH (NIH)

businesses’ most pressing cybersecurity issues.

NIH is the nation’s medical research agency, making

NCCoE is located in Rockville.

important discoveries that improve health and save lives. The agency encompasses 27 Institutes and

U.S. DEPARTMENT OF HEALTH & HUMAN

Centers, including the National Cancer Institute. In

SERVICES (HHS)

Bethesda, the Food and Drug Administration (FDA)

HHS enhances and protects the health and well-

protects the public health by ensuring the safety,

being of all Americans. The mission of HHS is to

efficacy, and security of human and veterinary

provide effective health and human services and

drugs, biological products.

foster advances in medicine, public health, and social services. HHS is located in Rockville.

THE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST)

NATIONAL OCEANIC & ATMOSPHERIC

Founded in 1901, NIST is one of the nation’s oldest

ADMINISTRATION (NOAA)

physical science labs. NIST measurements support

NOAA enriches life through science with a reach from

the smallest of technologies to the largest and

the surface of the sun to the depths of the ocean.

most complex of human-made creations. NIST is

It informs citizens about the changing environment

located in Gaithersburg.

around them and is located in Silver Spring.

BALTIMORE

141 miles to Philadelphia

FREDERICK 29 miles to Frederick

Port of Baltimore

HOWARD 227 miles to New York City

Potomac River

29

DEPT. OF ENERGY

NCI NCATS NCCOE

NIST CVM IBBR

200

HHS NRC

VIRGINIA

CIT NATL ARTHRITIS/ MUSCULOSKELETAL VHA FDA NIH NHGRI CPSC NOAA

Washington Dulles Int’l Airport (IAD)

120 miles to Richmond

ANNE ARUNDEL 29

NCCAM

8 C H E VY C H AS E

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)

50


National Institutes of Health (NIH)

M O N TG O M E RY CO U N T Y, M A RY L A N D

9


SPOTLIGHT WEDDINGWIRE ALL-IN-ONE STOP

INSPIRATION AND IDEAS

WeddingWire is the most comprehensive wedding

Brides will get motivated with a great selection of

site available. They make it simple to get the

curated songs, music, dresses, hairstyles, and more.

pricing, availability, and answers you need from

They can even build their own playlist and find all

venues and vendors—while offering free, easy-

the latest trends.

to-use planning tools.

EVENTWIRE

LARGEST DIRECTORY

WeddingWire has expanded into new ground with

WeddingWire offers the largest library of wedding

EventWire.com, addressing the needs of corporate

venues, photographers, DJs, and wedding planners

and social event planners. Utilizing the same core

across the country for your special day. Customers

principles used to build the largest online marketplace

find everything they need in one place.

in the weddings industry, EventWire helps connect these additional planners to the nation’s best event

A VARIETY OF TOOLS

merchants and creative professionals servicing

Couples choose from a selection of planning tools such as wedding websites, checklists, and budgets. Plus, they can try the WeddingWire app to help

From prospect to payment, WeddingWire’s client

JOIN A COMMUNITY

management system is the event industry’s first

WeddingWire’s active community of engaged couples provides a welcome way to share wedding experiences. They make it easy to visit local events, • Wedding Planning Tools

reunions, and more. AN INDUSTRY FIRST

them plan on the go.

get advice, and pay for their wedding.

corporate events, bar/bat mitzvahs, proms,

SaaS suite of tools that streamline sales, reputation management, client relationship, and billing needs for event professionals. Additionally, they help event merchants generate leads by providing online exposure in the largest vertical network in the industry.

• Vendor Registries

• Expert Advice

For more information on WeddingWire, watch our video.

• Community of Couples

TODAY, WE STAND HERE IN OUR CHEVY CHASE HEADQUARTERS WITH OVER 350 EMPLOYEES. ONE OF THE BEST THINGS ABOUT BEING IN CHEVY CHASE IS IT’S EASY TO GET TO FROM ALL PARTS OF THE DMV. AMENITIES HAVE BEEN SPECTACULAR FOR ALL OF OUR STAFF. — Tim Chi, CEO, WeddingWire

1 0 C H E VY C H AS E


WeddingWire

M O N TG O M E RY CO U N T Y, M A RY L A N D

11


GEICO Headquarters

1 2 C H E VY C H AS E


SPOTLIGHT GEICO A COMPANY NAME

A VARIETY OF INSURANCE

GEICO stands for the Government Employees

GEICO offers a wide range of insurance products.

Insurance Company. The name goes back to the

In addition to auto insurance, they can help

beginning when founder Leo Goodwin first targeted

customers with coverage of their homes,

a customer base of U.S. government employees

motorcycles, boats, jewelry, and more. They also

and military personnel. In 1951, Warren Buffet began

provide life and business owner policies.

buying stock until his Berkshire Hathaway Group

HONORS AND RATINGS

took ownership in 1996. Today, the company has

GEICO has received many industry honors and

grown to provide insurance to a wide range of

awards for its financial strength, commitment

customers, including the private sector.

to providing good customer service, and credit-

MILTARY DISCOUNTS

worthiness.

Since its founding in 1936, GEICO has worked to

• S&P Corporate credit & financial strength rating: AA+

offer members of the U.S. military the most affordable

• #1 global insurance company by revenues, 2016

insurance options. They continue to recognize our

• Fortune’s #1 in the property and casualty insurance industry

troops with special discount programs and service, whether they are deployed domestically or abroad.

• Voted Best Buy by The Washington Consumer’s Checkbook

BE CURIOUS, PUSH YOURSELF OUTSIDE YOUR LIMITS AND ALWAYS DO YOUR BEST TO MAKE A DIFFERENCE EVERY DAY. — Eileen Shinnick, CEO, Director of IT, GEICO

Watch these videos about successful businesses in the Chevy Chase area. WEDDING WIRE is the most

HONEST TEA entrepreneurs Seth

KOOLSPAN provides secure

comprehensive wedding site available.

Goldman and Barry Nalebuff created their

communications solutions enabling

They make it simple to get the pricing,

product from a shared passion for a less

businesses and consumers to make

availability, and answers you need from

sweet, but flavorful beverage made with

phone calls and send text messages

venues and vendors—while offering

real tea leaves. The Coca-Cola Company

securely—with a solution that is easy

free, easy-to-use planning tools.

purchased the company in 2011.

to install on an Android or iPhone.

THINK SUCCESS M O N TG O M E RY CO U N T Y, M A RY L A N D

13


1 4 C H E VY C H AS E


SMARTEST U.S. WORKFORCE 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.

M O N TG O M E RY CO U N T Y, M A RY L A N D

15


E D U C AT I O N

&

WORKFORCE

THE LARGEST CONCENTRATION OF DEGREE HOLDERS GET THE TALENT YOU NEED A highly educated community contributes immediately to a ready-to-go workforce, and Montgomery County residents are among the most highly educated folks in the nation. Providing an immediate workforce advantage.

LOCAL COLLEGES AND UNIVERSITY PROGRAMS MONTGOMERY COLLEGE Montgomery College is a public, open access community college with three campuses in Montgomery County. The college is noted as being one of the most ethnically and culturally diverse in the

ATTRACT A TOP-TIER WORKFORCE

nation, with students from over 170 countries enrolled.

Your business success starts with our smart potential

Montgomery College is a top ranked community

workforce, where 31% of Montgomery County

college, with numerous tracks towards degrees

residents hold a post-grad degree and almost 60%

in fields that are in high demand, in Montgomery

of our residents have a bachelor’s degree. And many

County and around the country.

locals choose to stay in the area for job opportunities.

UNIVERSITIES AT SHADY GROVE

TOP REGIONAL UNIVERSITIES

Montgomery County is home to the Universities

Excellent universities are close by including the

at Shady Grove, where 80 undergrad and graduate

University of Maryland, College Park, and in nearby

degree programs are offered by nine University of

Washington, D.C., students excel at Georgetown,

Maryland institutions on one convenient campus.

George Washington and American University. The

This unique program is preparing students for great

talent pool is bubbling over in Montgomery County

careers in the region’s most high demand fields. It

to support life science and technology company

provides pathways to affordable, high-quality public

growth—and it starts very early with a robust

higher education that meet the needs of the region

educational pipeline.

and supports workforce and economic development.

TOP 6 HIGH SCHOOLS IN THE STATE

JOHNS HOPKINS MONTGOMERY COUNTY CAMPUS

Looking for the highest ranking high schools

Offering part-time, evening, and master’s

in Maryland? Montgomery County is home to the

degree courses in bioinformatics, biotechnology,

top 6 in our state. High school participation in

regulatory science and other areas. The Center for

Advanced Placement classes is more than double

Biotechnology Education takes the pulse of the

the nation’s average.

biotech job market to ensure students get the skills

• H  igh School Graduate Rate: 91.1%

they need to succeed—with many faculty members

• A  dvantage Placement participation: 67%,

working as professionals in the field.

more than twice as high as the national rate • A  n impressive 36 local schools are National Blue-Ribbon Schools

Watch these videos about universities near Chevy Chase. UNIVERSITIES AT SHADY GROVE

MONTGOMERY COLLEGE provides public, open access,

Provides pathways to affordable, high-quality higher

high-quality higher education on three campuses across

education that meets the needs of the region and

Montgomery County. As a top-ranked community college,

are designed to support workforce and economic

it is also one of the most diverse schools in the nation—with

development in the state.

students from more than 170 countries enrolled.

1 6 C H E VY C H AS E


E D U C AT I O N

&

WORKFORCE

FEATURED AREA HIGHER EDUCATION FACILITY

FAES Atrium

FOUNDATION OF ADVANCED EDUCATION IN THE SCIENCES Eleven NIH scientists established the Foundation

scientific community. Over the last five decades,

of Advanced Education in the Sciences (FAES) in

FAES has grown to serve not only the Bethesda/

1959 to facilitate a collegial environment and provide

Chevy Chase area, but also Baltimore, Arizona,

educational and professional services for the

North Carolina, and Montana.

AS A RESEARCH SCIENTIST, THE ADVANCED STUDIES HELPED ME TO EXTEND MY PROFESSIONAL EXPERIENCE AND SERVE AS A FIRST STEP FOR TRANSITIONING FROM BASIC RESEARCH TO CAREERS IN PUBLIC HEALTH. —B  ernardo Nuche-Berenguer, Ph.D., Visiting Fellow, NIDDK, National Institutes of Health (NIH)

M O N TG O M E RY CO U N T Y, M A RY L A N D

17


1 8 C H E VY C H AS E


BUSINESS IS A GO Whether you want to travel across town or around the globe, you’ll find it’s easy to get there from Chevy Chase. 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.

M O N TG O M E RY CO U N T Y, M A RY L A N D

19


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 Marshall (BWI)

CAPITAL BIKESHARE 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

to begin in 2022.

in Montgomery County, Maryland, as well as Langley Park in Prince George’s County. Ride On

COMMUTER TRAINS

operates 81 routes, including two on the weekends.

MARC trains provide efficient statewide

Ride On extRa, a new bus service that started

transportation for commuters coming in and

in 2017, is a limited-stop route via 355. It has 12

out of Montgomery County, with stops in

bus stops between Lakeforest Transit Center and

Gaithersburg, Germantown, Rockville and Silver

Medical Center Metro Station. It also has free WiFi,

Spring. Amtrak also stops in the area, with a

USB charging ports, and more padding in the

platform in Rockville.

seats. Ride On was awarded a $1.75 million grant from the Federal Transit Administration to purchase the county’s first four electric buses and charging stations. It hopes to add 10 more through the FTA’s Bus and Facilities Infrastructure Investment Program.

2 0 C H E VY C H AS E


Capital Bikeshare

Reagan National Airport and the Capital

Commuters on a MARC train

Union Station/Washington Metro

M O N TG O M E RY CO U N T Y, M A RY L A N D

21


2 2 C H E VY C H AS E


A GROWING NEIGHBORHOOD Affordable 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 Chevy Chase.

M O N TG O M E RY CO U N T Y, M A RY L A N D

23


REAL

E STAT E

EXCEPTIONAL HOUSING AFFLUENT LIVING

MEDIAN HOME VALUES IN COMPETITIVE MARKETS

Known as an affluent enclave of expensive homes, well-tended lawns, immaculate sidewalks, and hushed

City

Single-Family Home

streets—Chevy Chase is a place where people “tone

Chevy Chase, MD

$531,500

Clarendon, VA

$592,400

Shaw, D.C.

$627,900

down their wealth”. A VARIETY OF CHOICES As an affluent area with a robust economy, we have a variety of housing, including lower cost options. Within a short drive of MARC and Metro stations, there are more than 5,000 rental units, many with

REGIONAL BENEFITS

reasonable rents due to the existing housing stock

The region has a very dependable housing market

and numerous condo communities. There are also

with plentiful inventory at very stable costs. At an

very affordable condos and neighborhoods in the

increase of only 8 cents per square foot over the

area, and others with smaller starter homes, plus a

last four years, renting a home or apartment is far

variety of executive housing choices.

less expensive than what is available in many other

• Average rents for apartments: $1,451 for a one bedroom and $1,683 for a two bedroom • Average home value: $475,000 (average sales prices

coveted East Coast communities. Within the greater metro region itself, Chevy Chase’s housing options are less expensive than comparable communities in Washington, D.C. and Northern Virginia.

ranging from under $275,000 to $1.2 million across the area’s 40+ zip codes in the summer of 2017)

AVERAGE MARKET RENTS IN COMPETITIVE MARKETS City

Studio

1 BR

2 BR

3+ BR

Chevy Chase, 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

SHORT AND LONG-TERM CORPORATE HOUSING The Washington, D.C area is always among the first for unique housing options—such as the Attaché Corporate Housing that offers various furnished options throughout the area for shorter and extended stays. The greater Washington, D.C region is always among the first for unique housing options—such as the Attaché Corporate Housing that offers various furnished options throughout the area for shorter and extended stays.

24 C H E VY C H AS E


REAL

E STAT E

PROJECTS

EXCEPTIONAL HOUSING NEIGHBORHOODS Chevy Chase is a decidedly white-collar town, with 100% of the workforce employed in whitecollar jobs. You’ll find everything from those who work in management, legal, the arts, and science professions. Chevy Chase is often described as “urban sophisticated”. THE BROWNSTONES AT CHEVY CHASE LAKE The Brownstones at Chevy Chase Lake received national recognition at the annual Best in American Living Awards by the National Association of Home Builders and Professional Builder magazine. Right outside the Brownstone’s door, residents can find

The Brownstones at Chevy Chase Lake

wooded parkland, stores, and restaurants. HIGHLAND HOUSE WEST Highland House West Apartments offers residents exceptional customer service, luxurious amenities, and the convenience of Chevy Chase, Maryland living. Residents can enjoy a rooftop pool, private balconies, yoga classes, underground parking, and convenient Metro access. WISCONSIN PLACE Living at Wisconsin Place offers an amazing collection of boutiques, award-winning dining and an accessible Metro station. Homes feature open kitchens with granite counters, wood flooring and

Highland House West

fantastic views of the skyline. The aura of luxury is heightened by its world-class services and amenities

such as a 24-hour concierge.

THERE’S MORE OF A NEW ENGLAND ETHOS HERE. —T  om Dann, Venture Capitalist, Chevy Chase, MD

Wisconsin Place

M O N TG O M E RY CO U N T Y, M A RY L A N D

25


2 6 C H E VY C H AS E


LOCAL LIVING, GLOBAL REACH 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.

M O N TG O M E RY CO U N T Y, M A RY L A N D

27


LIFESTYLE A DIVERSE AND VIBRANT COMMUNITY A WELCOMING GLOBAL COMMUNITY

From vibrant, urban districts like Bethesda, Silver

Montgomery County leads the way with a melting

Spring, Kensington and Wheaton to the rustic open

pot of cultures, ideas and discoveries. People of all

spaces in Darnestown and Poolesville, there is a

nationalities call this region home. 138 languages are

neighborhood for everyone in Montgomery County.

spoken in Montgomery County, and we celebrate the cultural diversity that flows in our communities. More than 40% of residents speak a language other than English, which is higher than the national

Area highlights include: • Home to the National 4-H Conference Center • Close to the D.C. Metro station at Friendship Heights

average of 21.5%. In 2015, the most common

• #1 Ranked High School in MD (Walt Whitman H.S.)

non-English language spoken in the County was

• 8  1.6% of residents have a bachelor’s degree or higher

Spanish. 14.5% of the County’s overall population are native Spanish speakers, while 3.53% speak

AUDUBON NATURALIST SOCIETY

Chinese and 2.9% speak African languages.

Come enjoy the serenity of the 40-acre Woodend Nature Sanctuary with its wildflower meadow,

DRIVING CULTURAL AND ECONOMIC SUCCESS

meandering trails, native plant garden, and the

Countries from around the world are represented

aquatic pond life. Also, don’t miss the wonderful

right here in Montgomery County. With a $5.5

selection in our Audubon Naturalist Shop. The Blair

billion economy that’s growing, our County truly

Native Plant Garden consists of native plants that

embraces cultural diversity. This cultural range

can be seen readily in the wild, and create habitat

is reflected in the variety of thoughts and ideas

for birds, small mammals, reptiles and insects.

generated by the global companies that make

Admission is free. Trails are open daily dawn to dusk.

Montgomery County their home.

2 8 C H E VY C H AS E


LIFESTYLE A DIVERSE AND VIBRANT COMMUNITY JANE E. LAWTON COMMUNITY

60 galleries in Montgomery County, the Strathmore

RECREATION CENTER

Music Center, The John F. Kennedy Center for

The Jane E. Lawton Community Recreation Center

the Performing Arts, Shakespeare Theater, and

is a vibrant recreation center located in the Town

Signature Theater are all nearby. Free museums

of Chevy Chase near its business district. Whether

and exhibitions of the Smithsonian Institution are

your interest is in sports, fitness, dance, or art, the

also a great draw for our Montgomery County

Lawton Community Recreation Center offers you a

businesses and residents.

place to play, celebrate, or learn a new hobby. There are classes ranging from arts and crafts, leisure/

SAFE AND SECURE Unlike most police forces in the country, the Chevy

hobbies, to drama and exercise. The Maryland-

Chase police have the means to respond to every

National Capital Park and Planning Commission

single call and make a point of circling back to tell

maintains the outdoor facilities that include tennis

residents what they found out. With a team of 10

and basketball courts and a child’s play area next

officers serving a village of 1,953 residents, there’s

to the Lawton Community Center.

very little crime. The Chevy Chase police force, who

NORMAN’S FARM MARKET

is equipped with Segways as well as new 4x4s,

There has never been a roadside stand in the area

knows their community. Courtesy is a premium.

as popular and bustling as Norman’s Chevy Chase. It is both a weekend destination and an evening commuter quick stop. The stand is conveniently located

GREEN SPACES IN THE REGION • 34,000 acres of parkland in the Montgomery Parks system

on the shoulder of Jones Mill Road at East-West Hwy with a scenic backdrop of Rock Creek Park. Norman’s

• 189 miles of natural and paved trails; 305 tennis

Chevy Chase opens around the beginning of June

courts; 500+ lakes; 289 playgrounds; 296 athletic

each year and remains open daily until Thanksgiving.

fields; hundreds of other recreational amenities • 400 parks, 2 national parks, Glen Echo Park and

BEYOND CHEVY CHASE

Chesapeake & Ohio Canal National Historic Park

Dining is a delight throughout Montgomery County, including farm-to-table, vegetarian, and ethnic

• 9  3,000 acres of farmland and rural space are part

choices representing virtually every country. In

of the expansive Agricultural Reserve, protected

addition to the 350 cultural organizations and

space in Montgomery County since 1980

AT THE RITZ-CARLTON HOTEL COMPANY, OUR PEOPLE ARE THE HEART OF OUR COMPANY. THEY ARE PROUD TO SHARE THEIR SKILLS AND KNOWLEDGE TO LIFT UP THE COMMUNITIES AROUND THEM, INSPIRE OUR CUSTOMERS TO JOIN US IN OUR EFFORTS, AND CREATE NEW OPPORTUNITIES TO HELP THE GLOBAL COMMUNITY. —H  ervé Humler, President and COO, The Ritz-Carlton Hotel Company, LLC

M O N TG O M E RY CO U N T Y, M A RY L A N D

29


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.

3 0 C H E VY C H AS E


% 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

31


3 2 C H E VY C H AS E


THINKING FORWARD 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

33


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

• Fuel Energy Tax Exemption for Onsite Clean

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

3 4 C H E VY C H AS E

• 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.

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

ENTREPRENEURSHIP

• NIH is the world’s largest biomedical

• T  he Greater Washington area is #1 for “Growth Entrepreneurship” and #1 for “Highest Density of High-Growth Companies in IT Services” • Incubator resources through the Montgomery Business Innovation Network focus on market disruption and start-up of tomorrow

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:

IT & CYBERSECURITY

Howard Hughes Medical Institute

• First Federally Funded Research and

The HHMI is an independent science philanthropy whose mission is to advance basic biomedical research and science education for the benefit of humanity—through understanding cells, the brain, our immune system, and how to treat many diseases.

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

Howard Hughes Medical Center

M O N TG O M E RY CO U N T Y, M A RY L A N D

35


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

3 6 C H E VY C H AS E


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

M O N TG O M E RY CO U N T Y, M A RY L A N D

37


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 is on

the effectiveness, efficiency, and performance

the leading edge of infrastructure and technology

of County services, solve problems, and

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.

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

FIBER CONNECTIVITY

data that the public can analyze freely.

WE LIVE AT A TIME WHEN INTERNET CONNECTIVITY AND NETWORK INFRASTRUCTURE IS JUST AS FUNDAMENTAL TO OUR ECONOMIC FUTURE AS ARE TRANSPORTATION… I AM, THEREFORE, LAUNCHING ULTRAMONTGOMERY, A HIGHSPEED FIBER NETWORK THAT WILL CONNECT OUR BUSINESS, ACADEMIC AND FEDERAL INSTITUTIONS ALONG MAJOR CORRIDORS AND TRANSITORIENTED SMART-GROWTH COMMUNITIES.

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.

3 8 C H E VY C H AS E

— Isiah Leggett, Montgomery County Executive


M O N TG O M E RY CO U N T Y, M A RY L A N D

39


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 Chevy Chase 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

• Arborview Capital Chevy Chase

has six years from the notification date to create

• 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 accomplished, and the company has notified the County Department of Finance, the business will begin receiving the credit. GREEN INCENTIVES

• Emerging Technology Partners Rockville • Enlightenment Capital Chevy Chase • Epidarex Capital Bethesda • New Enterprise Associates Chevy Chase

Commercial PACE Financing: Finance energy-saving

• Kinetic Ventures Chevy Chase

upgrades through a property tax surcharge that is

• Novak Biddle Venture Partners Bethesda

repaid over the life of the upgrade (potentially up to 100% of the cost for up to 20 years).

4 0 C H E VY C H AS E


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

41


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

4 2 C H E VY C H AS E


M O N TG O M E RY CO U N T Y, M A RY L A N D

43


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 • H  ughes Network Systems • L  ockheed Martin • M  arriott International

A PERFECT ADDRESS FOR BUSINESS • 18 Federal government agency headquarters

• M  edImmune/AstraZeneca

• 6% Job Growth

• O  tsuka America

• 227+ Foreign-owned companies and growing

• Q  iagen • S  odexo • U  nited Therapeutics • W  estat

• 138 Languages spoken in diverse households • 4 of the 10 Most diverse cities in the U.S. are in MoCo • 6,000 STEM PhDs • 32k Businesses in Montgomery County and growing • 7,000 MD businesses export to 209 countries

4 4 C H E VY C H AS E


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

45


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 White Flint/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.

4 6 C H E VY C H AS E

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

47


thinkmoco.com

1801 Rockville Pike, Suite 320, Rockville, MD 20852

I 240.641.6700 I hello@thinkmoco.com

Chevy Chase, Maryland  
Chevy Chase, Maryland