GLOBAL BUSINESS
I N N O VAT I O N I N A B U S T L I N G E C O N O M Y
M O N T G O M E R Y C O U N T Y, M D
Pike & Rose
D.C. Mall
National Institutes of Health (NIH)
The BioWall at United Therapeutics Corporation
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G LO B A L B U S I N E SS
THE FUTURE OF GLOBAL BUSINESS STARTS IN MOCO The Montgomery County Economic Development Corporation (MCEDC) welcomes international companies to start and grow from the bustling U.S. business corridor of Montgomery County, Maryland. With 227 internationallyowned companies and growing fast, Montgomery County is also home to numerous local companies that do business across the globe. Why choose Montgomery County? Companies select Montgomery County for our proximity to the nation’s capital (less than 15 miles away), easy access to 3 international airports and Baltimore’s busy port, a tremendous U.S. federal agency presence, and access to abundant funding resources. Others choose Montgomery for our stellar workforce talent pool loaded with one of the country’s highest number of science, technology, engineering and math (STEM) field workers and residents with post-graduate degrees. Montgomery County is ready to help you reach across bordersfor business success. How can we help you? We look forward to working together and welcoming you to Montgomery County, MD.
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GLOBAL
BUSINESS
SUCCESS
TABLE OF CONTENTS WELCOME
7
18 FEDERAL AGENCY HEADQUARTERS
8
SPOTLIGHT HONEST TEA
10
UNITED THERAPEUTICS
12
HUGHES NETWORK SYSTEMS
14
MONTGOMERY COUNTY & THE U.S.
16
GLOBAL OUTREACH.
17
SMARTEST U.S. WORKFORCE
18
THE LARGEST CONCENTRATION OF DEGREE HOLDERS
20
BUSINESS IS A GO
22
FROM HERE, THE WORLD 24 A DIVERSE VIBRANT COMMUNITY
26
ABUNDANT AFFORDABLE HOUSING OPTIONS 28 LOCAL LIVING, GLOBAL REACH
30
DIVERSE AND VIBRANT COMMUNITY 32 DIVERSITY SNAPSHOT 34 THINKING FORWARD
36
CREATING A SUSTAINABLE FUTURE 38 INNOVATION IS IN OUR DNA 39 INNOVATION SNAPSHOT 40 INFRASTRUCTURE SUPPORT 42 CONNECT WITH US
44
INCENTIVES
46
HOW MCEDC HELPS ECONOMIC ENGINE FOR BUSINESS DEVELOPMENT 48 ADDENDUM MONTGOMERY COUNTY MEANS BUSINESS 49 REGIONAL SNAPSHOT 51
4
G LO B A L B U S I N E SS
Choice Hotels International headquartered in Rockville, MD
M O N TG O M E RY CO U N T Y, M A RY L A N D
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70 70
270
70 DAMASCUS
270 CLARKSBURG LAYTONSVILLE BOYDS GERMANTOWN POOLESVILLE
MONTGOMERY COUNTY OLNEY GAITHERSBURG
270 370
BURTONSVILLE
NORTH POTOMAC ROCKVILLE WHEATON-GLENMONT NORTH BETHESDA
WHITE OAK
POTOMAC
495 BETHESDA
SILVER SPRING TAKOMA PARK
D.C.
495 66 66
495
495
395 495 95
6
G LO B A L B U S I N E SS
95
495
WELCOME THRIVING COUNTY FOR GLOBAL BUSINESS TO TAKE OFF CHOOSE MONTGOMERY COUNTY, MD From a prime location in the middle of the bustling northeast corridor of the U.S., Montgomery County is booming with international business prospects. The opportunities are vast for innovation in BioHealth, cybersecurity and IT, with 31% of our residents holding post-grad degrees (the highest in the country). Add in 18 major federal government agencies located right in MoCo, abundant funding and support, and access to 3 international airports, it’s easy to see how global business can soar from here. TAP INTO THE COUNTRY’S SMARTEST WORKFORCE
31% Population with a graduate degree1
6,000 STEM PhDs2
138
Languages spoken in diverse households
A PERFECT ADDRESS FOR BUSINESS
MORE REASONS TO CHOOSE MOCO • 4 of the 10 most diverse cities in the U.S.
Foreign-owned companies and growing
Federal headquarters incl. NIH, FDA & NIST
“
227+
• 7,000 MD businesses export to 209 countries
18
32k
Businesses in Montgomery County and growing
MONTGOMERY COUNTY POSSESSES SOME OF THE MOST VALUABLE LIFE SCIENCE ASSETS, RESOURCES, AND CAPABILITIES IN THE COUNTRY.
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. 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.
—D aniel J. Abdun-Nabi, President and CEO of Emergent BioSolutions
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National Institutes of Health
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G LO B A L B U S I N E SS
18
FEDERAL
AGENCY
HEADQUARTERS
PROXIMITY TO REGIONAL U.S. GOVERNMENT FACILITIES MAJOR FEDERAL PRESENCE IN THE COUNTY
THE NATIONAL CYBERSECURITY CENTER
In addition to proximity to dozens of federal
OF EXCELLENCE (NCCOE)
agencies in Washington, D.C., Montgomery County
Part of NIST, is a collaborative hub where industry
is home to 18 federal agency headquarters including
organizations, government agencies, and academic
the following;
institutions work together to address businesses’ most pressing cybersecurity issues. Located in
THE NATIONAL INSTITUTES OF HEALTH (NIH)
Rockville.
NIH is the nation’s medical research agency, making important discoveries that improve health and
U.S. DEPARTMENT OF HEALTH & HUMAN
save lives. Encompasses 27 Institutes and Centers,
SERVICES (HHS)
including the National Cancer Institute. In Bethesda
HHS enhances and protects the health and well-
The Food and Drug Administration (FDA) protects
being of all Americans. The mission of HHS is to
the public health by ensuring the safety, efficacy,
provide effective health and human services and
and security of human and veterinary drugs,
foster advances in medicine, public health, and
biological products. Located In Silver Spring.
social services. Located in Rockville.
THE NATIONAL INSTITUTE OF STANDARDS
NATIONAL OCEANIC & ATMOSPHERIC
AND TECHNOLOGY (NIST)
ADMINISTRATION (NOAA)
Founded in 1901, is one of the nation’s oldest
NOAA enriches life through science with a reach
physical sicence labs. NIST measurements support
from the surface of the sun to the depths of the
the smallest of technologies to the largest and most
ocean. It inform citizens about the changing
complex of human-made creations. In Gaithersburg
environment around them. 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
Baltimore-Washington Int’l Thurgood Marshall Airport (BWI)
35 miles to Baltimore
MONTGOMERY NCI NCATS NCCOE
NIST CVM IBBR
200
NCCAM
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
WASHINGTON, D.C.
44 miles to Annapolis
PRINCE GEORGE’S
Ronald Reagan Washington National Airport (DCA)
50
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Honest Tea
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G LO B A L B U S I N E SS
SPOTLIGHT HONEST TEA—GLOBAL REACH FROM BETHESDA A SOCIALLY CONSCIOUS BEVERAGE COMPANY
the country. The company is also launching its
TAKES OFF FROM MONTGOMERY COUNTY
international distribution and continues to thrive in
What started in Seth Goldman’s home in 1997
the County thanks to a socially-conscious, highly-
has blossomed into an inspiring global business,
educated talent pool. Honest Tea has exponentially
with Honest Tea, Honest Kids, and Honest Fizz
grown and expanded while keeping its world-wide
now available in more than 125,000 stores across
headquarters in the same Bethesda zip code.
“
IT’S GREAT FOR ME TO BE ABLE TO GO IN AND OUT OF 3 DIFFERENT AIRPORTS, AND THE TRAIN. I CAN MOVE REALLY QUICKLY AND EASILY AROUND THE WORLD AS I NEED TO. — Seth Goldman, Co-Founder and Tea-EO, Honest Tea
Visit thinkmoco.com/success-stories/honest-tea to view video.
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United Therapeutics Corporation
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G LO B A L B U S I N E SS
SPOTLIGHT UNITED THERAPEUTICS CORPORATION SAVING LIVES
A POSITIVE WORKPLACE
United Therapeutics Corporation is a biotechnology
Named one of 2017’s Best Places to Work by the
company that addresses the unmet medical
Washington Post, United Therapeutics has a strong
needs of patients with chronic and life-threatening
commitment to environmental sustainability. Their
conditions. They have five approved products on the
integrated approach to facility design embraces
market today, and are relentless in their pursuit of
advances in technology, respect for nature, and
medicines that improve the quality of life.
a health-conscious workplace. Buildings allow employees to work in several interior and exterior
PERSONALLY MOTIVATED
settings, including focus rooms, offices, conference
Started in 1996 by Martine Rothblatt, an American lawyer, author, and founder of Sirius Satellite Radio—
rooms, outdoor patios and green roof terraces.
United Therapeutics shares have increased 800%
DIVERSE THINKING
since the company went public in 2010. After her
As the country’s most well-known transgender CEO,
daughter was diagnosed with a rare disease, she was
Rothblatt leads United Therapeutics in developing
determined to find a cure. Along with FDA-approved
the best medicines possible with a company of
treatments, her firm is also developing a unique
transformational thinkers. They celebrate a wide
type of medicinal product known as a manufactured
range of perspectives and champion creative ideas
organ. This type of biologic would be transplanted
to achieve their goals. Success depends upon the
into the patient as a substitute for a failing organ.
diversity of employees, and United Therapeutics has
“
created an inclusion, welcoming work environment.
I THINK IT’S TRAGIC THAT FOR SO MANY BRAVE AND HAPPY PEOPLE IN THE WORLD, THEIR BODIES RUN OUT BEFORE TECHNOLOGY IS HERE TO SAVE THEM. —M artine Rothblatt, CEO, United Therapeutics Corporation
Watch industry videos at mocosuccess.com. MEDIMMUNE has one of the largest and
SOCIAL & SCIENTIFIC SYSTEMS
MARRIOTT INTERNATIONAL is the
most robust biologics pipelines in the life
supports policymakers, medical
world’s largest hotel and global hospitality
sciences industry and has made immense
professionals, communities, and citizens
company, with 6,500 properties in 127
strides and a worldwide impact with a focus
to improve public health, such as AIDS
countries and territories. It’s planning a
on three core therapeutic areas: Oncology;
clinical trials, analyzing Medicare data, and
$650 million world-wide headquarters in
Respiratory, Inflammation and Autoimmune;
other health services around the world.
Bethesda, the company planted its roots in
and Cardiovascular and Metabolic Disease.
1927 and today continues its strong growth.
THINK SUCCESS M O N TG O M E RY CO U N T Y, M A RY L A N D
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Hughes Network Systems
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G LO B A L B U S I N E SS
SPOTLIGHT HUGHES NETWORK SYSTEMS A GLOBAL LEADER IN BROADBAND SATELLITE TECHNOLOGY HughesNet is the world’s largest satellite network with over 1 million residential and business customers across North America and Brazil. For large enterprises and governments, the company’s managed network services provide connectivity solutions employing an optimized mix of satellite and terrestrial technologies. Their technology is focused on reaching the underserved and rural parts of the country, while offering excellent speed for optimal communication. ATTRACTING A DIVERSE TALENT POOL
Featured Technology: The JUPITER System
The company employs 1,600 from over 50 countries
Named the 2014 Technology Innovation of the Year,
in its Germantown Maryland offices, and credits
at the VSAT Global conference, JUPITER is next
Montgomery County for being able to attract a
generation very small aperture terminal (VSAT)
talented and diverse workforce. Hughes has grown
platform for broadband services. It enhances
from its start out of garage in Rockville in 1971, to
delivery of satellite services to the wider community
a major global technology company. Through the
and evolves the industry beyond its current limits.
years, Hughes is expanded with imprints in many
Using JUPITER technology, Hughes launched
diverse capabilities spanning internet and satellite
the EchoStar XIX, the next generation of high-
communications to digital and video expertise.
speed satellite Internet service, delivering more speed, more data, and more advanced features
OTHER HUGHES CAPABILITIES
for consumers and small businesses with limited
Hi Quality Digital Video Communications: With
Internet access options.
some of today’s largest retail and hospitality companies and government agencies, Hughes will help your business gain many benefits of a more informed and loyal customers. Managed Network Services: Hughes helps to secure enterprise systems to provide monitoring and support to safeguard customer data. Their tiered approach allows customers to select the level that best suits your needs.
“
turn-key digital media service experience across
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 Hughes Network Systems, LLC
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MONTGOMERY
COUNTY
&
THE
U.S.
GLOBAL GATEWAY TO INTERNATIONAL BUSINESS CHOOSE MARYLAND With an ideal east coast location and proximity to the nation’s capital, Maryland is a hot spot for new global business with a highly skilled workforce, a strong infrastructure and access to 3 international airports. Add in close access to 176 foreign embassies and more than 60 federal agencies, and you’ll see why companies are choosing Maryland as a base for global success. • 9 00 foreign-owned companies • $ 75,847 median household income—higher than any other U.S. state • 3 0% foreign-born Montgomery County residents • 4 MoCo cities among top 15 “Most Diverse Cities in America5 FASTEST GROWING INDUSTRIES BioHealth Qiagen, GlaxoSmithKline, MedIummune/AstraZeneca, Otsuka America, ProMetic BioTherapeutics. Worldwide bio leaders are here in Montgomery County (Viva White Oak, currently in development, is expected to be a local game changer). Find a strong workforce talent pool and great job opportunities. Cybersecurity Projected to reach an incredible $202 billion by 2021.
Information Technology More than 1,200 firms employ 90,000 in IT offices across Montgomery County. Well known BAE Systems has its global headquarters in the United Kingdom and four locations in Montgomery County. FEDERAL GOVERNMENT CONTRACTING Find out more about the active federal government contracting opportunities in Montgomery County, especially given our proximity to the nation’s capital. From healthcare to defense, MCEDC can help you find federal government contracts that match your expertise. Examples of 2015 MoCo companies with federal government contracts awarded1: LOCKHEED MARTIN CORPORATION
Montgomery County is fast becoming a cybersecurity
$36,259,911,070
tour de force, perfect for reaching the $14 billion
BAE SYSTEMS
federal government market and the fast-growing private sector, with the National Cybersecurity Center of Excellence (NCCoE) in our backyard. Hospitality Marriott International and Choice Hotels are two global hospitality companies that have a
$4,436,736,025 CONTRACTS BY AGENCIES (2015) • Department of Defense ($212.5 B) • Department of Energy ($23 B) • Health and Human Services ($21 B)
headquarters in MoCo. Marriott is now developing
• Department of Veteran Affairs ($20 B)
a $600 million complex in Bethesda for 3,500
• NASA ($13 B)
employees and Choice Hotels International is planning another expansion to its Rockville headquarters.
Source: 1 “Top 100 Contractors Report Fiscal Year 2015” (XLS). Federal Procurement Data System–Next Generation. General Services Administration.
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G LO B A L B U S I N E SS
GLOBAL
OUTREACH
EAST ASIA BUSINESS DEVELOPMENT TRIP CHOOSE MONTGOMERY COUNTY, MARYLAND Montgomery County is committed to global business development and opening new avenues in the world. In the fall of 2017, MCEDC senior team members participated in a trip to South Korea and China. Joining them were Montgomery County Executive, Ike Leggett, along with other County and business leaders. A FEW OF THE MANY TRIP HIGHLIGHTS In South Korea and China, the team held numerous face-to-face meetings with business and government officials which were very productive. In Daejeon, the delegation met with 43 private companies and economic developers and 29 different groups in Shanghai, covering partnership opportunities in Biohealth, professional services and technology. The China Council for the Promotion of International Trade (CCPIT) in Xian provided great insight into the 100-person, 24-hour operation. From their Free Trade Zone, companies can import products duty free and re-export to other countries. Local companies attended one-to-one meetings representing a variety of industries including Biohealth, technology and professional services. In Shanghai, investment firms gained an understanding of investment opportunities. MONTGOMERY COUNTY TALENT POOL Our talent pool is similar to our counterparts in East Asia with the most educated people in the U.S. right here in our County. The proximity to Federal agencies like NIH, NIST and FDA was also a very strong asset, especially with the U.S. Federal government being the world’s largest customer. And the strength of our diversity — the County provides such a welcoming international community with 20,000 Korean and almost 45,000 Chinese residents. Opportunities like this global trip provided a great springboard for a long-term collaboration between our host countries and Montgomery County.
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G LO B A L B U S I N E SS
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
TOP REGIONAL UNIVERSITIES
A highly educated community contributes
Excellent universities are close by including the
immediately to a ready-to-go workforce, and
University of Maryland, College Park, and in nearby
Montgomery County residents are among the most
Washington, D.C., students excel at Georgetown,
highly educated folks in the nation. Providing an
George Washington and American University. The
immediate workforce advantage.
talent pool is bubbling over in Montgomery County
ATTRACT A TOP-TIER WORKFORCE Your business success starts with our smart potential workforce, where 31% of Montgomery County residents hold a post-grad degree and almost 60% of our residents have a bachelor’s degree. And many locals choose to stay in the area for job opportunities. LOCAL COLLEGES AND UNIVERSITY PROGRAMS Montgomery County is home to the Universities at Shady Grove, established in fall 2000, where 80 undergrad and graduate degree programs are offered by nine University of Maryland institutions on one convenient campus. This unique program is preparing students for great careers in the region’s most high demand fields, and includes University of Maryland, College Park; University of Maryland, Baltimore County; Salisbury and Towson Universities. Johns Hopkins Montgomery County Campus offers part-time, evening, and master’s degree courses in bioinformatics, biotechnology, regulatory science and other areas. The Center for Biotechnology Education takes the pulse of the biotech job market to ensure students get
to support life science and technology company growth – and it starts very early with a robust educational pipeline. Total number of graduates (July 2015-June 2016)
Bachelor’s
7,523
Master’s
2,835
Doctor’s Research/Scholarship
592
Doctor’s Professional Practice
36
Companies where graduates work include Accenture, Amazon, Google, IBM, Facebook, Tesla, Inc., Microsoft, National Security Agency, Adobe, Boeing, Bloomberg, JP Morgan Chase, Ford Motor Company, Capital One, Appian, Lockheed Martin, NASA, Northrop Grumman, Procter & Gamble, and the MITRE Corporation. TOP 6 HIGH SCHOOLS IN THE STATE Looking for the highest ranking high schools in Maryland? Montgomery County is home to the top 6 in our state. High school participation in Advanced Placement classes is more than double the nation’s average.
the skills they need to succeed—with many faculty
• High School Graduate Rate: 91.1%
members working as professionals in the field.
• Advantage Placement participation: 67%,
Montgomery College is a top ranked community
more than twice as high as the national rate
college, with three campuses and numerous tracks
NATIONAL BLUE-RIBBON SCHOOLS AND
towards degrees in fields that are in high demand.
EDUCATIONAL EXCELLENCE
It’s noted as one of the most ethnically and culturally
Montgomery County has a very well-deserved
diverse in the nation, with students from over 170
reputation as a top school district, with one of
countries enrolled.
the strongest educational pipelines in the country. From K – 12 and beyond, some of the best schools are located right here in our area. An impressive 36 local schools are National Blue-Ribbon Schools.
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G LO B A L B U S I N E SS
E D U C AT I O N
&
WORKFORCE
THE LARGEST CONCENTRATION OF DEGREE HOLDERS AN ACTIVE, STRONG AND GROWING
Enrollment by program and total (2016)
BIOHEALTH WORKFORCE
Program
Bachelors
Master’s
Doctoral
Total
Biological Sciences
2,119
79
341
2,539
Computer and Information Sciences
2,861
442
214
3,517
Engineering
4,079
1,184
868
6,131
Mathematics
444
11
167
622
Physical Sciences
601
24
473
1,098
Business and Economics
3,952
1,823
198
5,973
STEM and Business/ Economics
14,056
3,563
2,261
19,880
Total (including all other programs not listed above)
27,804
5,820
4,186
37,810
The BioHealth market is actively growing, with six percent growth year to year for coveted positions such as Medical Scientists and Biochemists. Find an active pipeline of world-class talent in Montgomery County, MD.
Total institutional enrollment (including certificate seeking and non-degree students)
39,083
HIGHEST PAYING POSITIONS IN KEY INDUSTRIES IN THE COUNTY DESCRIPTION
INDUSTRY
'16 EMPLOYED
MEDIAN HOURLY EARNINGS
TYPICAL ENTRY LEVEL EDUCATION
Obstetricians and Gynecologists
Healthcare
57
$120.95
PhD or advanced degree
Surgeons
Healthcare
125
$108.32
PhD or advanced degree
Internists, General
Healthcare
179
$107.06
Bachelor's degree
Anesthesiologists
Healthcare
271
$102.71
Bachelor's degree
Psychiatrists
Healthcare
58
$93.74
Bachelor's degree
Family and General Practitioners
Healthcare
432
$92.10
Bachelor's degree
Marketing Managers
BioHealth
58
$77.17
Bachelor's degree
Marketing Managers
Finance
78
$77.17
Bachelor's degree
Marketing Managers
Information Technology
57
$77.17
High school diploma or equivalent
Computer and Information Systems Managers
BioHealth
114
$72.75
Master's degree
Source: Highest paying jobs that employed more than 50 people in 2016.
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G LO B A L B U S I N E SS
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, Rapid bus lanes, 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) • Ronald Reagan Washington National (DCA) • D ulles International (IAD) Also, Montgomery County Airpark in Gaithersburg provides convenient corporate and general aviation,
Montgomery County is part of the regional Capital Bikeshare system. Pick up a bike for quick and easy rides to home or work at participating Rockville, Silver Spring, Gaithersburg, Takoma Park and Chevy Chase communities.
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.
TAXIES, UBER AND MORE Driving services are readily available throughout
“
and 91 rail stops located throughout Maryland, D.C.
Living in Montgomery County allows many residents
Montgomery County and the greater metro area.
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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G LO B A L B U S I N E SS
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G LO B A L B U S I N E SS
A DIVERSE VIBRANT COMMUNITY 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 the best of Montgomery County.
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REAL
E STAT E
PROJECTS
ABUNDANT AFFORDABLE HOUSING OPTIONS DEPENDABLE, AFFORDABLE HOUSING OPTIONS The region has a very dependable housing market with plentiful inventory at very stable costs. At an increase of only 8 cents per square foot over the last four years, renting a home or apartment is far less expensive than what is available in many other coveted East Coast communities. Within biking and transit distance, there are starter homes, family neighborhoods, condos, rental apartments and a
AVERAGE MARKET RENTS IN COMPETITIVE MARKETS City
Studio
1 BR
2 BR
3+ BR
Montgomery County, 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
variety of executive housing choices. MEDIAN HOME VALUES IN COMPETITIVE MARKETS City Montgomery County, MD
Single-Family Home $531,500
Clarendon, VA
$592,400
Shaw, D.C.
$627,900
Pike & Rose
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G LO B A L B U S I N E SS
REAL
E STAT E
PROJECTS
ABUNDANT AFFORDABLE HOUSING OPTIONS COMMUNITIES WITH UNIQUE PERSONALITY Montgomery County offers a wide variety of communities and neighborhoods, each with a unique personality of its own. Buyers or renters – urban, suburban or rural – Montgomery County has the diverse range of housing options to suit individual interests. Home buyers and renters have a wide spectrum of options from single family and townhomes to condos and rental properties. There is Wheaton designated as an Arts & Entertainment district, and Takoma Park with its home-grown restaurants and shops. Bethesda and Silver Spring are both popular and thriving
Pike & Rose
urban centers that are close to DC, with great restaurants, retailers and arts venues interspersed with major businesses. From Rockville to Germantown, Olney to Kensington, the unique options for housing are virtually unlimited – all with great transportation options to get around the entire metro region. The County is also well known for its many cultural and recreational options. 93,000-ACRE AGRICULTURAL RESERVE For those seeking more land and a rustic environment, housing is available in areas closer to the sprawling Agricultural Reserve from Damascus
Butler’s Orchard
“
to Poolesville.
ONE ASPECT OF LIFE IN ROCKVILLE THAT WE ARE PROUD OF IS THE WIDE RANGE OF CULTURAL AND RECREATIONAL OPPORTUNITIES AVAILABLE IN OUR COMMUNITY. — Bridget Donnell Newton, Rockville Mayor Rockville Town Square
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G LO B A L B U S I N E SS
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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LIFESTYLE A DIVERSE AND VIBRANT COMMUNITY A WELCOMING GLOBAL COMMUNITY
TOP SCHOOLS IN THE NATION
Montgomery County leads the way with a melting
• Montgomery County Public Schools are
pot of cultures, ideas and discoveries. People of all
consistently among the top public school systems
nationalities call this region home. 138 languages are
in the United States. An impressive 36 schools in
spoken in Montgomery County, and we celebrate
the county are National Blue Ribbon Schools.
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 average of 21.5%. In 2015, the most common non-English language spoken in the County was Spanish. 14.5% of the County’s overall population are native Spanish speakers, while 3.53% speak Chinese and 2.9% speak African languages. DRIVING CULTURAL AND ECONOMIC SUCCESS Countries from around the world are represented right here in Montgomery County. With a $5.5 billion economy that’s growing, our County truly embraces cultural diversity. This cultural range is reflected in the variety of thoughts and ideas generated by the global companies that make Montgomery County their home. DIVERSE COMMUNITIES From vibrant, urban districts like Bethesda, Silver Spring, Kensington and Wheaton to rustic open living spaces in Darnestown and Poolesville, there is a neighborhood for everyone in Montgomery County. We have many mixed use, sustainable communities popping up like Pike & Rose, Downtown Crown, White Flint and White Oak. Our county seat, Rockville, combines historic charm with a growing business and retail district. • 4 of the 10 most culturally diverse communities in the U.S. are in Montgomery County: Germantown #2, Gaithersburg #3, Silver Spring #4, Rockville #92 • V irtually every nation is represented in our communities and residents speaking over 130 languages at home3
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G LO B A L B U S I N E SS
EXPLORE OUR GREENSPACE • 34,000 acres of parkland in the Montgomery Parks system • 189 miles of natural and paved trails; 305 tennis courts; 500+ lakes; 289 playgrounds; 296 athletic fields; Hundreds of other recreational amenities4 • 400 parks, 2 national parks, Glen Echo Park and Chesapeake & Ohio Canal National Historic Park5 • 93,000 acres of farmland in the Agricultural Reserve • Agribusiness is growing in the county and continues to provide a rich bounty with 561 farms and 350 horticultural companies. Enjoy the fruits of the labor by visiting local farms and farmers’ markets throughout the area. From fruit and pumpkin picking to homemade ice cream and robotic milking, Agribusiness has a rich heritage and a promising future. DINING AND ENTERTAINMENT • From cutting-edge culinary trends to ethnic restaurants representing virtually every culture, Montgomery County has vibrant restaurants throughout the area. Also growing are microbreweries and wineries. • A lively arts scene with world-class performing arts organizations residing here. These include the Music Center at Strathmore, second home to the Baltimore Symphony Orchestra, along with the Fillmore, AFI Silver, Olney Theatre Center and many more. Source: 2 W alletHub, 2017’s Most & Least Culturally Diverse Cities 3 Montgomery County Public Schools 4 Montgomery Parks 5 Maryland Manual On-line, A Guide to Maryland and its Government
LIFESTYLE A DIVERSE AND VIBRANT COMMUNITY
Pike & Rose
“
I LOVE THE DIVERSITY IN THOUGHT. MY NEIGHBORS ARE FROM JAPAN AND CANADA AND IT’S GREAT LEARNING ABOUT THEIR INTERESTS. I ALSO LOVE THE QUALITY OF LIFE AND USING NEARBY CAPITAL CRESCENT TRAIL. — Tina Arreaza, Managing Director, Calvert Foundation
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The rest of America won’t be as diverse as Montgomery County for another
30 YEARS
138
languages spoken in our public schools
1/3
OF RESIDENTS are foreign born
Maryland is a leader in
SAME-SEX MARRIAGE Ranked among WalletHub’s 2017
TOP 5 MOST CULTURALLY DIVERSE PLACES in the U.S.
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G LO B A L B U S I N E SS
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
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G LO B A L B U S I N E SS
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.
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I N N OVAT I O N
AND
S U STA I N A B I L I T Y
CREATING A SUSTAINABLE FUTURE GREENHOUSE GAS REDUCTION Montgomery County is committed to leading by
Energy—Electricity generated through onsite
example in greenhouse gas emission reductions:
solar installation is exempt from the County’s
• M ontgomery County purchases 100% of its
Fuel Energy Tax
electricity supply from clean sources • C ounty Government has installed more than six megawatts of solar photovoltaic panels on public facilities and is expected to exceed 11 megawatts by 2018 • C ounty government operates a total of 243 electric and gasoline/electric hybrid vehicles • T he county’s Department of Transportation
• Rainscapes Rewards offers rebates up to $10,000 for commercial property owners installing rain gardens and other projects • The Montgomery County Green Business Certification Program is a voluntary recognition effort for businesses that exhibit a high level of sustainability ENGAGED RESIDENTS
serves 26 million passengers a year and operates
The people living here contribute to create
370 buses, all either hybrid electric, compressed
a better future:
natural gas, or clean diesel
• 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
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• Fuel Energy Tax Exemption for Onsite Clean
G LO B A L B U S I N E SS
• 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
IT & CYBERSECURITY
Innovation in MoCo crosses industries, borders
• First Federally Funded Research and
and boundaries. Mapping the human genome. Developing life-saving therapies. Building premier cybersecurity defenses. Driving worldclass advancements. If it’s on the forefront of technology and innovation, it’s happening here. Below are some of our area’s most promising innovations and discoveries. ENTREPRENEURSHIP • T he Greater Washington area is #1 for “Growth Entrepreneurship” and #1 for “Highest Density of High-Growth Companies in IT Services” • I ncubator resources through the Montgomery Business Innovation Network focus on market disruption and start-up of tomorrow BIOHEALTH
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
• S upernus develops pharmaceuticals to fight epilepsy and other CNS disorders • S anaria is developing and commercializing malaria vaccines in a dedicated clinical manufacturing facility, the only one of its type in the world • B iotech Labs USA, a University of Maryland spin off, is helping to make cats and dogs healthier • N IH is the world’s largest biomedical research institute • F DA 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
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BIOHEALTH HUMAN GENOME was first mapped here
INFOZEN integrated NASA’s live stream of the solar eclipse
The first rapid
TEST FOR EBOLA approved by the FDA
THINGSTITUTE First IoT test bed in a local government
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G LO B A L B U S I N E SS
NATIONAL CYBERSECURITY CENTER OF EXCELLENCE
promotes the private sector’s rapid adoption of cyber products
THE 1ST LOCAL GREEN BANK
BETHESDA GAMES STUDIOS
created landmark games such as Fallout and The Elder Scrolls
promotes affordable, clean energy
AGRICULTURE RESERVE
Best-in-class farm and rural space protection of a full 1/3 of the County’s land
ROBOTIC COW MILKING first all pasture raised dairy in North America
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I N N OVAT I O N
AND
S U STA I N A B I L I T Y
INFRASTRUCTURE SUPPORT MAKING STRONGER CONNECTIONS
PUBLIC DATA
Information and connectivity are becoming the
dataMontgomery was among the first generation
new currency in today’s business environment.
of local government open data platforms
At Montgomery County, we understand and stay
launched in 2007—where residents can access
one step ahead with everything your business
and analyze publicly available data in a searchable
needs to compete. With a high-speed fiber network
and consumable format. CountyStat uses data
that greatly improves communication and a strong
strategically to monitor, assess, and improve
data center ecosystem, Montgomery County 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 data
“
FIBER CONNECTIVITY
that the public can analyze freely.
IN OUR MODERN TECH ECONOMY, INTERNET CONNECTIVITY AND NETWORK INFRASTRUCTURE ARE AS FUNDAMENTAL TO ECONOMIC DEVELOPMENT AS AN EDUCATED WORKFORCE AND TRANSPORTATION. MY GOAL IS TO LEVERAGE ULTRAMONTGOMERY, OUR ULTRA-HIGH SPEED, FIBER NETWORK INITIATIVE, TO ENSURE THAT MONTGOMERY COUNTY HAS THE MOST ROBUST, RELIABLE, AND RESILIENT BROADBAND IN THE NATION.
Bytegrid is a national provider of multi-tenant data centers. The maintainable and fault-tolerant design of this facility offers an ideal location for projects and expansion opportunities for businesses.
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G LO B A L B U S I N E SS
— Marc Elrich, Montgomery County Executive
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CONNECT
WITH
US
READY TO HELP YOUR BUSINESS CHAMPIONS Please reach out to us for answers to any questions you may have and to discuss next steps. Get more information at thinkmoco.com/about/team.
Lynne Stein-Benzion, CEcD Director of Business Retention & Expansion Lynne@thinkmoco.com 240.641.6706 office 301.910.1828 mobile
Spiros Balntas, CEcD Director of Business Recruitment Spiros@thinkmoco.com 240.641.6705 office 301.857.1942 mobile
Spiros Balntas is the Director of Business
Lynne Stein Benzion is MCEDC’s Director of
Recruitment, working to transform MCEDC into one
Business Retention and Expansion, with many
of the most competitive economic development
years of experience in the economic development
agencies in the country. He comes to MCEDC with
arena and deep roots in the local Montgomery
a diverse range of economic growth experience,
County business community. She visualizes
having served in business development capacities
the true potential of MCEDC as a regional and
both nationally and internationally. He speaks four
national leader that capitalizes on the county’s
languages, a distinct advantage in a multi-cultural
cultural diversity to help new ideas and industries
County like Montgomery.
grow and thrive.
LEARN MORE
LEARN MORE
Daniel Parra Director of Small and Minority Business Development Daniel@thinkmoco.com 240.641.6714 office 240.271.8904 mobile
As the Small and Minority Business Development Director, Daniel Parra reaches out to minority groups to help them cultivate partnerships and opportunities within their communities. Well known within the Asian, African, and Hispanic communities, he is also fluent in Spanish. Daniel was the President of the Hispanic Chamber of Commerce for Montgomery County. He was also the Managing Director of Maryland’s Latino Economic Development Corporation. LEARN MORE
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G LO B A L B U S I N E SS
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INCENTIVES TAX CREDITS AND VENTURE CAPITAL FUNDING FUNDING OPPORTUNITIES PLUS EXCLUSIVE
Cybersecurity Investment Incentive Tax Credit:
INCENTIVES FOR MD-BASED COMPANIES
Qualified Maryland Cybersecurity Companies can
Montgomery County supports your global enterprise
receive a tax credit equal to 33% of an eligible
with federal, state and county incentives to help pave
investment; up to $250,000 for each investor.
the way to your successful venture. Montgomery County supports your global enterprise
MI2 Incubator: Connects Maryland and International
with federal, state and county incentives to help pave
companies for successful joint ventures through a
the way to your successful venture.
targeted array of business services, state-of-the-art
FEDERAL INCENTIVES
facilities, and world-class resources.
EB-5 program: Created by Congress in 1990 to
TEDCO: An independent organization that is
stimulate the U.S. economy through job creation and
Maryland’s lead source for entrepreneurial business
capital investment by foreign investors.
assistance and seed funding for the development of
TAX CREDITS
startup companies in Maryland’s innovation economy.
Montgomery County New Jobs Tax Credits: New
Dingman Center Angels (UMD): MD-based angel
companies with more than 25 employees that take at
investment group provides early-stage funding.
least 5k square feet can receive 6 years of tax credits.
Invests $100,000 to $1,000,000 in seed/early stage
Maryland Job Creation Tax Credit: new companies
companies.
with at least 60 employees can receive tax credits of
Momentum Fund (UMD): A new, $25 million early-
up to $1k per employee, up to $1 million per company.
stage investment fund filling gaps in the funding
Maryland Brownfields Revitalization Incentive Program: Companies that revitalize a brownfield site
continuum to propel Maryland Universities’ most innovative ideas into the marketplace.
can receive a real property tax credit of 50 to 70%
MD Venture Fund: Early-stage, evergreen venture
off the increased site value for 5 years.
capital fund dedicated to growing businesses in
Maryland Research and Development Tax Credit:
Maryland. Initial funding ranges from $.5–1.5 million.
Companies can receive tax credits on up to 10% of
MONTGOMERY COUNTY INCENTIVES
eligible Research and Development expenses.
Biotechnology Investor Incentive Program:
Maryland Economic Development Assistance Authority and Fund: A flexible and broad-based program, MEDAAF funds grants, loans and investments to support a variety of economic development initiatives. Biotechnology Investment Incentive Tax Credit: Provides an income tax credit equal to 50% of an eligible investment in a Qualified Maryland Biotechnology Company (QMBC) up to $250,000 for each QMBC per fiscal year.
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STATE OF MARYLAND RESOURCES
G LO B A L B U S I N E SS
Supplemental grant available to investors in biotechnology companies located in the county. Approved investors that receive Maryland State tax credits will automatically receive the supplemental grant. Cybersecurity Tax Credit Supplement Program: A local supplement to the Maryland Cybersecurity Investment Incentive Tax Credit. Approved investors that receive Maryland State tax credits will automatically receive the supplemental grant.
INCENTIVES TAX CREDITS AND VENTURE CAPITAL FUNDING GRANT AND LOAN PROGRAM
THE ENHANCED NEW JOBS TAX CREDIT
Montgomery County Economic Development Grant
The ENJTC is a credit against the county’s portion of
and Loan Program (EDF): Financial assistance
real property and business personal property taxes.
to established private employers who retain
Businesses are eligible for a 24-year credit if they
and/or stimulate significant new job creation in
meet established job creation, wage, and square
Montgomery County.
footage requirements. The credit is applied annually
MONTGOMERY COUNTY RESOURCE BioHealth Innovation: A private-public partnership serving as an innovation intermediary to advance local technologies, assets and resources; accelerate innovation; and globally connect sectors, industries, communities, and markets. COMMERCIAL REAL ESTATE INCENTIVES Montgomery County Move Program: Grants of up to $8 per square foot of Class A or B office space, or lab space. Gaithersburg Economic Development Opportunities Fund: Cash assistance for larger companies to relocate or expand within the City of Gaithersburg.
to Levy Year tax assessments. A business has six years from the notification date to create and fill the required number of new jobs and 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 Commercial PACE Financing: Finance energy-saving upgrades through a property tax surcharge that is repaid over the life of the upgrade (potentially up to 100% of the cost for up to 20 years). Green Business Certification Program: A voluntary recognition program to encourage businesses to reduce their ecological footprint. Certified
Rockville Move Program: Grants of up to $4 per
businesses are promoted and listed in the Green
square foot of Class A or B office space in the City
Business Directory.
of Rockville. May be piggy backed with Montgomery County MOVE.
Rainscapes Rewards: Rebates up to $10,000 for commercial property owners installing rain gardens
VENTURE CAPITAL FIRMS IN MONTGOMERY CO.
and conservation landscaping, planting trees and
• Aldrich Capital Partners Bethesda
implementing other projects that help control
• Arborview Capital Chevy Chase
stormwater pollution.
• Boulder Ventures Chevy Chase • CNF Investments Bethesda • Emerging Technology Partners Rockville • Enlightenment Capital Chevy Chase • Epidarex Capital Bethesda • New Enterprise Associates Chevy Chase
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.
• Kinetic Ventures Chevy Chase
Montgomery County Green Bank: Uses seed capital
• Novak Biddle Venture Partners Bethesda
to spur private capital investment. Tree Montgomery: Free shade trees are available to commercial property owners to manage stormwater, improve air quality, save energy and beautify property.
M O N TG O M E RY CO U N T Y, M A RY L A N D
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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
experience on our team in the County and
lead 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.
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
AND GATHER MARKET INFORMATION
development team can help you find assistance.
Using our wide-ranging network, we can connect 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.
WORKSOURCE MONTGOMERY CONNECTS 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
ACCESS A LEADING WORKFORCE
goals. This area has a wealth of residents who
Thirty one percent of Montgomery County residents
possess skills that are assets to local employers
hold a post-grad degree and almost 60% of our
and recognize the community of people who need
residents have a bachelor’s degree. MCEDC partners
access to education and training programs to help
with colleges and universities to help you source the
them develop the expertise.
best talent. We are a ‘go-to’ resource that links the local and regional workforce pipeline to companies to fuel success.
WorkSource Montgomery helps to strengthen individuals at all job levels through career advancement, working directly with businesses
FIND THE PERFECT BUSINESS ADDRESS
to ensure a strong talent pool for in-demand
We can assist you with finding the perfect location
occupations.
from site selection to knowing early about available
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EXPLORE AVAILABLE INCENTIVES
G LO B A L B U S I N E SS
ADDENDUM MONTGOMERY COUNTY MEANS BUSINESS MULTIPLYING THE POWER OF PARTNERSHIPS Montgomery County is booming with international business opportunity. With 31% of our residents holding post-grad degrees—the highest in the 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. GLOBAL COMPANIES: • B AE Systems • C hoice Hotels International • G laxoSmithKline • L ockheed Martin • Marriott International
STRENGTH OF FOREIGN INVESTMENT IN MARYLAND • FDI Strength: Home to the largest amount of Foreign Direct Investment (FDI) in the world
• M edImmune/AstraZeneca
• $8 trillion: Gross Domestic Product (GDP)
• Otsuka America
• 6,370,900: U.S. workers employed by U.S.
• Q iagen • Sodexo • U nited Therapeutics • W estat FROM HERE ACCESS BUSINESS ANYWHERE • P rime Location: Our next-door neighbor is the
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.
nation’s capital, and we are central to the bustling business northeast corridor. • 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
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ADDENDUM MONTGOMERY COUNTY MEANS BUSINESS FROM IDEA TO COMMERCIALIZATION National Institutes of Health (NIH) and its National Cancer Institute (NCI), Food and Drug Administration (FDA) and National Institute of Standards and Technology (NIST) each have a prominent Montgomery County address. Incubators and accelerators strategically situated in the county support emerging companies with early stage capital and access to marketing, tech transfer and commercialization. The pieces are in place for your success.
National Institutes of Health (NIH)
INTERNATIONAL AND LOCAL COMPANY STATS NAMES
REVENUE†
SQ. FT.*
NATION OF ORIGIN
$17.8 B
208,120
United Kingdom
$28 B
701,348
United Kingdom
LARGE MOCO EMPLOYERS
GLOBAL COMPANIES
BAE Systems GlaxoSmithKline Macrogen
—
South Korea
Open Text Software
$1.8 B
83,737
Canada
Qiagen
$1.3 B
311,984
Germany
Sodexo
€20.2 B
233,673
France
Westat
$495 M
545,690
USA
Marriott International
$14.5 B
914,281
USA
Lockheed Martin
$46.1 B
751,403
USA
United Therapeutics
$5.4 B
180,322
USA
Source: * CoStar
INNOVATION CENTERS AND INCUBATORS • A lexandria LaunchLabs, Gaithersburg • B ethesda Green Business Incubator (Be Green Hub), Bethesda • B ioHealth Innovation, Rockville • B iomedical Research Institute, Rockville • G ermantown Innovation Center, Germantown • R ockville Innovation Center, Rockville • T echFire, Silver Spring
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G LO B A L B U S I N E SS
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: Award of Excellence from the American Planning Association Rockville: #1 Best Place to Raise a Family 6 #13 Best Places to Live 7 Top 30 Small Towns for Book Lovers8
Bethesda: #1 Most Educated Place in America 9 #1 Most Educated Place in America, third year running10 Montgomery County: #2 Best Public Schools in the State 11
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.
• R anked as the 2nd most walkable metro area • 3 3% of office, retail or multi-family space located in a pedestrian-accessible area
• A top 10 market nationally for its percentage of commuters who bike to work
• T hree international airports provide for hourly shuttle flights to business hubs in New York and Boston
• A five-hour drive to seven of the top 50 MSAs 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.
in the country
Source: 6 Livability.com 2016 7 Livability.com 2017 8 Aboutgreatbooks.com 2016
9 Nerdwallet.com 2016 10 Forbes 2015 11 Niche.com 2017
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CONNECT WITH US 1801 Rockville Pike, Suite 320, Rockville, MD 20852
I
240.640.6700
I
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