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


Humanities and Social Science Building–Montgomery College Germantown Campus

Holy Cross Germantown Hospital

Montgomery College

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A BEAUTIFUL, AND AFFORDABLE, BUSINESS COMMUNITY A suburban community located just 25 miles northwest of Washington D.C., Germantown is the third most populated city in the state of Maryland and was a rural farming village until the 1970s. Experiencing extensive growth over the past two decades, the area is known as being an affordable place to live with a wide variety of housing, shopping, and business opportunities. The U.S. Department of Energy and the Biological & Environmental Research headquarters are located there. But its wide-open spaces of lush farmland are also home to agricultural businesses like Butler’s Orchard and Button Farm. Companies choose Montgomery County for its proximity to the nation’s capital, easy access to three international airports, nearby federal agencies and funding resources, and our stellar workforce talent pool. Germantown is uniquely designed to be one of the County’s favorite areas. We look forward to working together and welcoming you to Montgomery County, Maryland.

David Petr President & CEO Montgomery County Economic Development Corporation

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GERMANTOWN TABLE OF CONTENTS WELCOME

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18 FEDERAL AGENCY HEADQUARTERS 8 SPOTLIGHT HUGHES NETWORK SYSTEMS 10 BUTLER’S ORCHARD 12 SMARTEST U.S. WORKFORCE 14 THE LARGEST CONCENTRATION OF DEGREE HOLDERS 16 FEATURED AREA HIGHER EDUCATION FACILITY 17 BUSINESS IS A GO

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FROM HERE, THE WORLD

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BUS RAPID TRANSIT 2 1 A GROWING NEIGHBORHOOD

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EXCEPTIONAL HOUSING 24 LOCAL LIVING, GLOBAL REACH

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DIVERSE AND VIBRANT COMMUNITY 28 DIVERSITY SNAPSHOT 30 THINKING FORWARD

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CREATING A SUSTAINABLE FUTURE 34 INNOVATION IS IN OUR DNA 35 INNOVATION SNAPSHOT 36 INFRASTRUCTURE SUPPORT 38 INCENTIVES

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HOW MCEDC HELPS

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CONNECT WITH US

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ADDENDUM MONTGOMERY COUNTY MEANS BUSINESS 44 CHOOSE MARYLAND FOR BUSINESS 45 REGIONAL SNAPSHOT 46 MOCO365 47

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Bioscience Education Center, Montgomery College Germantown Campus

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124

27 CLARKSBURG

270

355

124

187

118 117 GERMANTOWN MONTGOMERY VILLAGE

119 355

117

124

118 270

117

GAITHERSBURG

124 370 28

119

370

355

28 DARNESTOWN

28 NORTH POTOMAC

112 190 189 VIRGINIA

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WELCOME GERMANTOWN, MARYLAND BUILT FOR PROGRESS

benefits associated with a highly skilled

For leading edge companies that want to start or

workforce. It’s an internationally recognized hub

expand into an incredible and innovative community,

of biotechnology, capitalizing on its proximity to

opportunities abound with space for wet labs and

federal research facilities and regulatory agencies

life science centers. VIP neighbors include the

such as the Biological & Environmental

Germantown Innovation Center, the U.S. Department

Research headquarters.

of Energy, and Hughes Network Systems. Along with Montgomery College’s Bioscience Education Center, this area represents a virtual who’s who in health, science and technology.

ECONOMIC DEVELOPMENT Germantown’s closeness to Washington, D.C. translates into opportunities for local employers. Home to more than 4,000 businesses in the heart

More great reasons:

of the Washington-Baltimore region, Germantown

• A nationally ranked public school system

is centered in the fourth largest retail market in

• A strong local government

the U.S. Combine that proximity with a responsive

• Minutes from the Shady Grove Metro station

City government, and it’s no surprise that

• The third most populated city in Maryland

companies such as Hughes Network Systems

• Home to the U.S. Department of Energy

have located here.

A SUSTAINABLE FUTURE

Holy Cross Health opened a 237,000-square-foot

Commitments to local sustainability and

hospital on the campus of Montgomery College

environmental goals make Germantown the

in October 2014, becoming the first hospital

perfect choice for socially conscious residents.

in the U.S. to be built on a community college

Our diversity of people, places and ideas will

campus. The new 93-bed hospital strengthens

feed your innovative spirit.

the college’s medical program by giving students

VALUABLE BENEFITS Our companies realize value from government contracts, R&D funding, and the many secondary

an opportunity for hands-on work and access to more advanced medical technology. The hospital is projected to eventually bring 5,000 new jobs to the area.

WE WILL CONTINUE TO ACTIVELY PURSUE ADDITIONAL ACQUISITION OPPORTUNITIES THAT LEVERAGE OUR CORE COMPETENCIES AND DRIVE GROWTH. — Daniel J. Abdun-Nabi, President and Chief Executive Officer Emergent BioSolutions

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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

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DEPT. OF ENERGY

NCI NCATS NCCOE

NIST CVM IBBR

200

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)

ANNE ARUNDEL 29

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 Institute of Standards and Technology (NIST)

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SPOTLIGHT HUGHES NETWORK SYSTEMS GLOBAL LEADER

maintenance and support—for professional and

Hughes Network Systems is the global leader in

rapid deployment anywhere, worldwide. At their

broadband technology and services for home and

Network Operations Centers, experienced engineers

office. Its high-speed satellite Internet service is

monitor customer networks 24 hours a day, 7 days

HughesNet , the world’s largest satellite network with

a week, 365 days a year. And it’s backed by an

over 1 million residential and business customers.

extensive field operations organization that provides

®

reliable, responsive service to all their customers.

COUNTY PARTNERS Headquartered outside Washington, D.C. in

INDUSTRIES SERVED

Germantown, Maryland, Hughes operates sales

Hughes provides Managed Network Solutions,

and support offices worldwide, and is a wholly

Digital Media Solutions, and Satellite Solutions for a

owned subsidiary of EchoStar Corporation—a

wide range of industries—including financial services,

premier global provider of satellite operations.

government, hospitality, manufacturing, retail,

For more information about their partnership with

utilities, and more.

Montgomery County, watch our video.

DISASTER RESPONSE

SHARED HUBS

An important mission of Hughes Network Systems

Besides supplying dedicated networks to enterprise

is to provide reliable communications services

and government customers worldwide, Hughes

during times of crisis. Its active response during

owns and operates a global base of shared hub

last year’s devastating series of Atlantic hurricanes

services throughout the United States, Europe,

that stretched from Texas to the US Virgin Islands

India, and Brazil. Customers of Hughes shared hub

demonstrates the critical importance of satellite

services can realize the many benefits of broadband

networks in supporting disaster relief efforts.

by satellite—without having to build and operate

Especially when existing networks are seriously

their own dedicated hubs.

damaged or disabled, only alternate satellite access can ensure responders stay connected in impacted

CUSTOMER SERVICE Hughes offers complete turnkey solutions, including program management, installation, training,

regions, sharing vital information for decisionmaking as they work to restore infrastructure and help save lives.

LITTLE DID THE FOUNDERS KNOW THAT THEIR ORIGINAL STARTUP IN A ROCKVILLE GARAGE WOULD END UP A GLOBAL TECHNOLOGY AND SERVICES LEADER—WHICH IS A TESTAMENT TO THE HIGH-CALIBER OF WORK-LIFE BALANCE HERE IN MONTGOMERY COUNTY. —P  radman Kaul, President, Hughes Network Systems

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SPOTLIGHT BUTLER’S ORCHARD A FAMILY AFFAIR

They started selling pick-your-own pumpkins as a

Butler’s Orchard has more than 25 varieties of fruits,

project for a high school class. It is now one of their

vegetables, flowers, and trees on more than 300

biggest attractions, and draws families from all over the

acres. Three Butler children earned horticultural

Washington metropolitan area every October. Visitors

degrees from the University of Maryland and lived

enjoy hayrides, giant slides, pony rides, pumpkins, a

and worked on the family farm. Currently, the third

straw maze, delicious country food, and Pumpkinland.

generation is following their footsteps. One is

Cut-your-own Christmas Trees became available

working in the Farm Market while two are learning

in the late 1970’s. The farm also began carrying

and working farm operations.

holiday ornaments, fresh roping and wreaths in their market. They now have thousands of White Pine and

FARMER’S MARKET

Douglas Fir trees to choose from every year.

The Farm Market offers preserves, local honey, gourmet condiments, seasonal decorative items,

SUSTAINABLE PRACTICES

cider, and more. In 1993, they outgrew our original

Butler’s Orchard is an Integrated Pest Management

red barn and expanded the Farm Market to their

Farm. They maintain a professional scout who is there

current facility that visitors can shop at today.

weekly to check crops for insects and disease pressures. This allows them to reduce their applications and

PICK YOUR OWN

move toward more sustainable production systems.

Pick your own fruit became popular at the farm, starting with blackberries and raspberries, followed

For more information on Butler’s Orchard,

by blueberries, peas, cherries, and apples.

watch our video.

WE BROUGHT THE GRANDKIDS OUT THIS PAST WEEKEND. KEEP UP THE HARD WORK. YOU ARE A BLESSING TO THE COMMUNITY. THANKS FOR THE OPPORTUNITY TO TEACH OUR YOUNG PEOPLE ABOUT FARM LIFE AND FUN. — Butler’s Orchard Customer

Watch these videos about other successful businesses in Germantown. NIST promotes U.S. innovation and industrial

QIAGEN delivers Sample to Insight

MONTGOMERY COLLEGE provides public,

competitiveness by advancing measurement

solutions for molecular testing—

open access, high-quality higher education on

science, standards, and technology in ways

propelling customers to unlock new

three campuses across Montgomery County.

that enhance economic security and improve

insights from DNA, RNA and proteins.

As a top-ranked community college, it is

our quality of life. Their services lead to

Doctors and researchers look to their

also one of the most diverse schools in the

advancements in research and innovation

solutions for to help diagnose diseases

nation—with students from more than 170

that build the U.S. economy.

and provide better treatments.

countries enrolled.

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G E R M A N TOW N


Butler’s Orchard

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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.

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E D U C AT I O N

&

WORKFORCE

THE LARGEST CONCENTRATION OF DEGREE HOLDERS GET THE TALENT YOU NEED

LOCAL COLLEGES AND UNIVERSITY PROGRAMS

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.

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 at

Excellent universities are close by including the

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 Olney.

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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.

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E D U C AT I O N

&

WORKFORCE

FEATURED AREA HIGHER EDUCATION FACILITY

MONTGOMERY COLLEGE GERMANTOWN CAMPUS The Germantown Campus | Pinkney Innovation

Bioscience Education Center, and the newly

Complex for Science and Technology (PIC MC) is

opened Cybersecurity Lab, the campus is designed

located in upper Montgomery County, Maryland,

to develop today’s cutting-edge workforce that is

just east of I-270. With the recent opening of the

critical to Montgomery County’s thriving economy.

THE UNIVERSITY OF MARYLAND, MONTGOMERY COLLEGE, AS WELL AS 13 OTHER UNIVERSITIES IN THE MID-ATLANTIC/EASTERN SEABOARD REGION GIVE US AMPLE ACCESS TO WELL-QUALIFIED BACHELOR’S, MASTER’S AND PHD GRADUATES WHO DESIGN AND BUILD OUR SATELLITE GROUND SYSTEMS AND COMMUNICATIONS PRODUCTS. —P  radman Kaul, President and CEO, Hughes Network Systems

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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 Montgomery County. 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.

• B  altimore/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

• D  ulles International (IAD)

and easy rides to home or work at participating

Also, Montgomery County Airpark in Gaithersburg

and Chevy Chase communities.

provides convenient corporate and general aviation,

Rockville, Silver Spring, Gaithersburg, Takoma Park

offering a local alternative to regional transportation.

PEDESTRIAN FRIENDLY

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 Virginia. The mass transit service contributes to a regionally connected area, and Metro buses are also available to add riding options. With construction already started, the new Purple Line will link Bethesda, Silver Spring, College Park, and New Carrollton—with service projected to begin in 2022. COMMUTER TRAINS MARC trains provide efficient statewide transportation for commuters coming in and out of Montgomery County, with stops in Gaithersburg, Germantown, Rockville and Silver Spring. Amtrak also stops in the area, with a platform in Rockville.

TAXIS, UBER AND MORE Driving and ride sharing services are readily available throughout Montgomery County and the greater metro area.

and 91 rail stops located throughout Maryland, D.C.

Living in Montgomery County allows many residents

AS AN INTERNATIONAL COMPANY WITH OPERATIONS IN EUROPE, BRAZIL, AND INDIA, BEING ABLE TO GET ANYWHERE IN THE WORLD QUICKLY IS ESSENTIAL—AND THE THREE INTERNATIONAL AIRPORTS WITHIN 45 MINUTES’ DRIVE ALLOW THAT. —P  radman Kaul, President and CEO Hughes Network Systems

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T R A N S P O R TAT I O N BUS RAPID TRANSIT NEW MODE OF TRANSPORTATION

New transit options lead to increased commerce,

Eight out of 10 Montgomery County residents

and more growth means more jobs for the local

support adding Bus Rapid Transit (BRT) to our

community. Businesses such as retail stores and

transportation network, and one BRT vehicle can

restaurants will benefit by more customers being

take up to 90 cars off the road. They also come

brought to their areas.

equipped with power outlets and WiFi.

BRT also benefits employers by reducing the need

IN-DEPTH STUDIES

for employee parking and helping employees get to

Montgomery County is currently studying BRT lines

work efficiently and on time.

along US 29, MD 355, MD 586 (Veirs Mill Road) and the Corridor Cities Transitway. The County has established Corridor Advisory Committees (CAC) for each of the three corridors under study. The aim of each CAC is to provide community stakeholders with opportunities to participate in the system planning process, meet regularly with the State

HELPING THE ENVIRONMENT By taking cars off the road, BRT reduces harmful greenhouse gas emissions, making our air cleaner. BRT vehicles are fuel efficient and clean to operate. Taking BRT and other public transit options helps reduce your own personal carbon footprint.

and County Departments of Transportation, and to discuss the following: • General BRT concept designs • BRT study assumptions • Transit access and operations • Coordination with other modes • Public involvement planning • Community needs COMMUNITY INVOLVEMENT After a community contest that ended January 2017, MCDOT has announced that the winning name for the BRT system is “Flash.” MCDOT plans to continue its community outreach and public involvement efforts to help educate residents about the benefits of this new transportation option and encourage community involvement in the process of developing the BRT system.

RESIDENTS RIDE ON Ride On is a popular public transportation system in Montgomery County, Maryland, as well as Langley Park in Prince George’s County. Ride On operates 81 routes, including two on the weekends. Ride On extRa, a new bus service that started in 2017, is a limited-stop route via 355. It has 12

GOOD FOR BUSINESS

bus stops between Lakeforest Transit Center and

BRT is an important piece of Montgomery

Medical Center Metro Station. It also has free WiFi,

County’s economic future. By serving key job and

USB charging ports, and more padding in the

growth corridors with transit, BRT opens up new

seats. Ride On was awarded a $1.75 million grant

job opportunities and attracts new employers.

from the Federal Transit Administration to purchase

Employees will spend less time commuting and

the county’s first four electric buses and charging

more time enjoying life.

stations. It hopes to add 10 more through the FTA’s Bus and Facilities Infrastructure Investment Program.

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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 Germantown.

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REAL

E STAT E

EXCEPTIONAL HOUSING A VARIETY OF CHOICES

REGIONAL BENEFITS

As an affluent area with a robust economy, we have

The region has a very dependable housing market

a variety of housing, including lower cost options.

with plentiful inventory at very stable costs. At an

Within a short drive of MARC and Metro stations,

increase of only 8 cents per square foot over the

there are more than 5,000 rental units, many with

last four years, renting a home or apartment is far

reasonable rents due to the existing housing stock

less expensive than what is available in many other

and numerous condo communities. There are also

coveted East Coast communities. Within the greater

very affordable condos and neighborhoods in the

metro region itself, Germantown’s housing options

area, and others with smaller starter homes, plus a

are less expensive than comparable communities in

variety of executive housing choices.

Washington, D.C. and Northern Virginia.

• Average rents for apartments: $1,451 for a one bedroom and $1,683 for a two bedroom

The greater Washington, D.C. region is always among the first for unique housing options—such as

• Average home value: $475,000 (average sales prices

the Attaché Corporate Housing that offers various

ranging from under $275,000 to $1.2 million across

furnished options throughout the area for shorter

the area’s 40+ zip codes in the summer of 2017)

and extended stays.

Millstone at Kingsview

MEDIAN HOME VALUES

AVERAGE MARKET RENTS

IN COMPETITIVE MARKETS

IN COMPETITIVE MARKETS

City

24

Single-Family Home

City

Studio

1 BR

2 BR

3+ BR

Germantown, MD

$475,500

Germantown, MD

$1,308

$1,557

$1,980

$2,428

Clarendon, VA

$592,400

Clarendon, VA

$1,612

$1,958

$2,650

$3,870

Shaw, D.C.

$627,900

Shaw, D.C.

$1,718

$2,057

$2,881

$3,539

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REAL

E STAT E

EXCEPTIONAL HOUSING NEIGHBORHOODS Germantown has a range of neighborhoods including the way they look, their homes and settings. Each also contains a unique mix of occupational or cultural groups, as well as population density. BROWNSTOWN/OLD GERMANTOWN One of the wealthiest communities in the nation, real estate here is exceedingly well maintained, and similarly, tends to maintain its value over time. Residents are highly educated, and also have a high percentage of Asian ancestry. EXPLORATION LANE/KEENELAND CIRCLE A nice mix of college students, safety from crime, and

Brownstone/Old Germantown

decent walkability—the Exploration Lane/Keeneland Circle neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. GERMANTOWN TOWN CENTER Germantown Town Center is an urban neighborhood. If you dream of living along a street lined with row houses or other attached homes, this charming neighborhood could be your paradise. Many residents

are also bi-lingual.

“I LOVE GERMANTOWN. MY FAVORITE THING ABOUT IT IS THE DIVERSITY. I GET TO TALK TO MY NEIGHBORS WHO HAVE MOVED HERE FROM ANOTHER COUNTRY AND ASK THEM ABOUT THEIR CULTURE, WHICH I FIND FASCINATING. I HONESTLY COULD NOT SEE MYSELF LIVING ANYWHERE ELSE! —C  urrent Resident, Niche.com

Germantown Town Center

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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.

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QUALITY

OF

LIFE

A DIVERSE AND VIBRANT COMMUNITY A WELCOMING GLOBAL COMMUNITY

BLACKROCK CENTER FOR THE ARTS

Montgomery County leads the way with a melting

BlackRock Center for the Arts is the leading

pot of cultures, ideas and discoveries. People of all

venue for the performing and visual arts in Upper

nationalities call this region home. 138 languages are

Montgomery County, MD. Celebrate 15 years of

spoken in Montgomery County, and we celebrate

great performances, enjoy their two free galleries,

the cultural diversity that flows in our communities.

or ask about their comprehensive art education

More than 40% of residents speak a language other

programs for all ages.

than English, which is higher than the national

SOUTH GERMANTOWN RECREATIONAL PARK

average of 21.5%. In 2015, the most common

Enjoy hiking trails, picnic facilities, an indoor sports

non-English language spoken in the County was

complex, 22 soccer fields with a lighted stadium,

Spanish. 14.5% of the County’s overall population

baseball and softball fields, a playground, archery

are native Spanish speakers, while 3.53% speak

range, golf driving range, two miniature golf courses,

Chinese and 2.9% speak African languages.

a splash playground, model boating lake, a tot lot, and

DRIVING CULTURAL AND ECONOMIC SUCCESS

an indoor aquatic center.

Countries from around the world are represented

DANCE, MUSIC AND MORE AT MONTGOMERY

right here in Montgomery County. With a $5.5

COLLEGE’S CULTURAL ARTS CENTER

billion economy that’s growing, our County truly

Featuring a variety of cross-cultural performances

embraces cultural diversity. This cultural range

and events for all ages, Montgomery College’s

is reflected in the variety of thoughts and ideas

Cultural Arts Center provides a comprehensive

generated by the global companies that make

program of music, theatre, dance, cultural

Montgomery County their home.

exhibitions, film, lectures, forums and cultural

From vibrant, urban districts like White Flint, Silver Spring, Kensington and Wheaton to the rustic open spaces in Darnestown and Poolesville, there is a neighborhood for everyone in Montgomery County. MARYLAND SOCCERPLEX The multi-field soccer facility is the former home of the women’s professional soccer team—Washington Freedom. It now offers a wide range of indoor sports programs to help children stay fit and healthy.

exhibitions. The Center includes a 500-seat dance and music theatre with state-of-the-art stage and acoustics, as well as a 116-seat theatre that is used as a classroom and for performances. SENECA CREEK Home of the Seneca Creek Greenway Trail, the Great Seneca Stream Valley Park is an ideal place for a variety of nature activities, from day hiking to mountain biking to trail running. A fairly flat terrain, the trail is forgiving for the very young and very old alike.

Popular features include 21 natural grass fields, three artificial fields, eight indoor basketball/

DUTCH MARKET

volleyball courts, two miniature golf courses, a

For more than 20 years, Lancaster County Dutch

splash park, a driving range, an archery course,

Market of Germantown has been a collection of

a bike park, tennis center, and swim center.

vendors who share their common interests: great, fresh food at an affordable price.

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G E R M A N TOW N


QUALITY

OF

LIFE

A DIVERSE AND VIBRANT COMMUNITY BEYOND GERMANTOWN

GREEN SPACES IN THE REGION

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 also a great draw for our Montgomery County

of the expansive Agricultural Reserve, protected

businesses and residents.

space in Montgomery County since 1980

GERMANTOWN’S JUST 32 MILES FROM D.C., MAKING IT AN IDEAL SPOT FOR FAMILIES LOOKING TO ESCAPE WASHINGTON’S HECTIC PACE AND TRAFFIC. — Money Magazine’s Best Places to Live

Maryland SoccerPlex

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

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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.

30

G E R M A N TOW N


% 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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32

G E R M A N TOW N


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 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

• Bethesda Green, a nonprofit sustainability hub with

• 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

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

34

• Fuel Energy Tax Exemption for Onsite Clean

G E R M A N TOW N

• 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” • Incubator 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: Spirent Communications

IT & CYBERSECURITY

Spirent Communications provides innovative

• First Federally Funded Research and

products and services to help the world communicate and collaborate faster, better and more secure—allowing customers to transform their businesses with new devices, network equipment and applications with today’s emerging communication technologies.

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

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

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G E R M A N TOW N


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

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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 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.

38

G E R M A N TOW N

— 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

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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 Germantown 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

• 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).

40

• Arborview Capital Chevy Chase

G E R M A N TOW N


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.

Lynne Stein-Benzion, CEcD Director of Business Retention & Expansion Lynne@thinkmoco.com 240.641.6706 office 301.910.1828 mobile

David Petr President & CEO David@thinkmoco.com 240.641.6701 office 863.956.7474 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

42

G E R M A N TOW N


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 Montgomery County, including BioHealth Innovation

• 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

(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

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G E R M A N TOW N


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 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.

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G E R M A N TOW N

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

Germantown, Maryland  
Germantown, Maryland