WHEATON M O N TG O M E RY CO U N T Y M A RY L A N D
Wheaton Town Square in development
AMC Wheaton Mall 9
Wheaton Clock Tower
Veirs Mill Road
Mixed commercial and retail in development
2 W H E ATO N
REVITALIZATION AND INNOVATION Innovation grows out of creative vision, and there’s no better place to find that than in the Wheaton area of Montgomery County, Maryland. As one of the state’s 24 designated Arts & Entertainment Districts, artists working here can receive income and property tax credit. The Central Business District of Wheaton is among Montgomery County’s Opportunity Zones. A revitalization project underway includes a new consolidation for seven Montgomery County government agencies in a LEED Platinumrated building with an amazing town square. The project is expected to open in 2020. And because of its ideal location in the heart of the County, access to transit and history of diversity—Wheaton encourages both private and public investment. Companies choose Montgomery County for our proximity to the nation’s capital, easy access to three international airports, nearby federal agencies, funding resources and our stellar workforce talent pool. Wheaton is especially situated to become one of the area’s most sought-after communities. 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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W H E ATO N ,
MARYLAND
TABLE OF CONTENTS WELCOME
7
18 FEDERAL AGENCY HEADQUARTERS
8
SPOTLIGHT WHEATON LIBRARY AND RECREATION CENTER
10
CHUCK LEVIN’S WASHINGTON MUSIC CENTER
12
ACCESS THE TALENT CAPITAL
14
PIPELINE TO TOP TALENT
16
REGIONAL EXCELLENCE
17
LOCAL CONNECTIONS, GLOBAL DESTINATIONS
18
FROM HERE, THE WORLD
20
BUS RAPID TRANSIT
21
PICTURE PERFECT URBAN LIVING
22
ABUNDANT AFFORDABLE HOUSING OPTIONS
24
A WELCOMING, GLOBAL LOCATION
26
A DIVERSE AND VIBRANT COMMUNITY
28
DIVERSITY SNAPSHOT
30
INNOVATION DRIVES BUSINESS
32
CREATING A SUSTAINABLE FUTURE
34
INNOVATION IS IN OUR DNA
35
INNOVATION SNAPSHOT
36
INFRASTRUCTURE SUPPORT
38
INCENTIVES
40
HOW MCEDC HELPS
41
CONNECT WITH US
42
ADDENDUM MONTGOMERY COUNTY MEANS BUSINESS
44
CHOOSE MARYLAND FOR BUSINESS
45
REGIONAL SNAPSHOT
46
MOCO365
47
4 W H E ATO N
Wheaton Revitalization Project in development
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97 200
650
200
ASPEN HILL COLESVILLE
WHEATON
355
NORTH BETHESDA
187
WHITE OAK
GARRETT PARK
270
29
97
185
193
HILLANDALE
KENSINGTON
495
187
495
355
650 CHEVY CHASE
410
SILVER SPRING
BETHESDA TAKOMA PARK
WASHINGTON, D.C.
29
6 W H E ATO N
WELCOME WHEATON, MARYLAND WHEATON REVITALIZATION
with StonebridgeCarras and The Bozzuto Group.
Exciting changes are coming to Wheaton.
The partnership is using County-owned land
A state-of-the-art, 14-story, mixed-use building
near the Wheaton Metro Station to build a new
will be the new home for seven Montgomery County
headquarters for the Department of Planning,
government agencies. The LEED Platinum-rated
Department of Permitting Services, the Department
government building and an amazing town square
of Environmental Protection, other County
will become flagships for a revitalized downtown
agencies, plus retail space. By co-locating County
Wheaton community. The mixed-use development
agencies with responsibility for development
aims to improve mobility, increase the Wheaton
oversight, it represents one of the ways in which
Metro Station use, diminish negative environmental
Montgomery County has adapted its operations to
impacts, reduce traffic congestion, and increase the
be more responsive to businesses.
diversity of employment opportunities and services in the Wheaton area.
THE BEST OF BOTH WORLDS Capitalizing on its benefits as a regional transit
Situated in the center of three major thoroughfares,
hub, Wheaton will emerge as a mixed-use Central
and just north of the Beltway, the Wheaton
Business District (CBD) that blends existing small and
Revitalization Project is scheduled to open in 2020.
family-owned businesses with new development.
A CONNECTED COMMUNITY
More great assets:
With a central town square that serves as the heart
• An overflowing talent pool with highly educated
of the community, there are pedestrian connections to the Metro station, County buildings, parking
residents to fill your workforce needs • Convenient travel with proximity to three
garages, and more. A permanent entertainment
international airports for companies
stage, seating, lighting, and green spaces are built
operating globally
into the plan. And because it’s Wheaton, artistic elements are included throughout.
• Cultural diversity is a valuable asset with 40% of residents speaking a language other than English
SMART GROWTH As long-time leaders in Smart Growth and using
• Business growth is crackling on all cylinders with numerous new projects in the works
public/private partners to revitalize communities, and Planning Commission (M-NCPPC) are working
• Washington, D.C. is next door, while New York and
“
the County and the Maryland-National Capital Park
other east coast destinations are a train ride away
RECENTLY, WE CELEBRATED THE GROUNDBREAKING FOR THE WHEATON REDEVELOPMENT PROJECT, AN INVESTMENT OF NEARLY $170 MILLION. I LOOK FORWARD TO MORE MILESTONES AS WE CONTINUE TO MAKE PROGRESS. WHEATON’S TIME IS NOW! —C ouncil member Nancy Navarro
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18
FEDERAL
AGENCY
HEADQUARTERS
PROXIMITY TO REGIONAL U.S. GOVERNMENT FACILITIES MAJOR FEDERAL PRESENCE IN THE COUNTY With proximity to numerous federal agencies in DC,
THE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST)—GAITHERSBURG
Montgomery County is home to 18 federal agency
Measures the smallest of technologies to the
headquarters, including:
largest and most complex of human-made creations—founded in 1901.
THE NATIONAL INSTITUTES OF HEALTH (NIH) BETHESDA The nation’s medical research agency, making important
THE NATIONAL CYBERSECURITY CENTER OF EXCELLENCE (NCCOE)—ROCKVILLE
discoveries that improve health and save lives. The agency
Part of NIST, NCCoE is a collaborative hub where
encompasses 27 Institutes and Centers.
industry organizations, agencies, and academic institutions address pressing cybersecurity issues.
NATIONAL CANCER INSTITUTE (NCI)—ROCKVILLE efforts to improve cancer prevention, detection,
U.S. DEPARTMENT OF HEALTH & HUMAN SERVICES (HHS)—ROCKVILLE
diagnosis, and survivorship. It supports thousands
Enhances and protects the health and well-being
of clinical trials and collaborates with private sector
of all Americans and foster advances in medicine,
life sciences companies and federal agencies.
public health, and social services.
THE FOOD AND DRUG ADMINISTRATION (FDA) SILVER SPRING
NATIONAL OCEANIC & ATMOSPHERIC ADMINISTRATION (NOAA)—SILVER SPRING
Protects the public health by ensuring the safety,
Enriches life through science from the surface of the
efficacy, and security of human and veterinary drugs,
sun to the ocean’s depths. The agency helps inform
and biological products.
citizens about their changing environment.
As a part of NIH, NCI leads the nation’s research
BALTIMORE
141 miles to Philadelphia
FREDERICK 29 miles to Frederick
Port of Baltimore
HOWARD 227 miles to New York City
Potomac River
29
DEPT. OF ENERGY
NCI NCATS NCCOE
NIST CVM IBBR
200
HHS NRC
VIRGINIA
CIT NATL ARTHRITIS/ MUSCULOSKELETAL VHA FDA NIH NHGRI CPSC NOAA
Washington Dulles Int’l Airport (IAD)
120 miles to Richmond
ANNE ARUNDEL 29
NCCAM
8 W H E ATO N
Baltimore-Washington Int’l Thurgood Marshall Airport (BWI)
35 miles to Baltimore
MONTGOMERY
WASHINGTON, D.C.
44 miles to Annapolis
PRINCE GEORGE’S
Ronald Reagan Washington National Airport (DCA)
50
The Food and Drug Administration (FDA)
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The future Wheaton Library and Recreation Center
1 0 W H E ATO N
SPOTLIGHT WHEATON LIBRARY AND RECREATION CENTER A PLACE FOR FUN AND LEARNING
RECREATIONAL ACTIVITIES
The first of its kind construction of Wheaton’s
Among the benefits of the new recreation center
joint Library and Recreation Center is now
are a lobby with offices and service counter,
underway. Designed to be more efficient and
a game room, full size gymnasium and a café space
environmentally friendly, the center will provide
on the first floor. The second floor will provide
a wide range of opportunities for community
exercise and weight rooms, a walking track around
members to come together.
the gymnasium, multiple activity rooms, a large social hall, a full service commercial style kitchen,
NEW TITLES
a movement studio (dance/exercise), community
The Capital Improvement Program budget for
lounge, and classrooms.
the new library and recreation center includes $300,000 to purchase new materials for the library.
The adjacent exterior area includes a playground,
These materials have been purchased and are
green space, and large trees. There is also going to
stored in anticipation of the library opening in
be a pottery studio with space and power for 3 kilns
the summer of 2019.
and 5 overhead cord reels that would supply power for a minimum of 5 pottery wheels.
MULTI-USE SPACE The new library will include eight collaboration
ECO FRIENDLY
rooms, a program room for children, an area where
Its eco-friendly design will feature vegetative roof
patrons can use laptops and other mobile devices,
areas, high-performance mechanical and lighting
study tables, computer tables, lounge furniture for
systems including LED lights, controls and sensors
children, teens, and adults, two quiet study rooms,
and regional and recycled materials with low VOC.
a media/maker space area, and a multipurpose
The project is designed to achieve a minimum of
room that will be used for staff conferences and
LEED Silver Certification. The project is expected
public programs.
to be completed in the Spring of 2019.
“
WE ARE PLEASED THAT MEMBERS OF THE WHEATON COMMUNITY COULD HELP US BREAK GROUND ON OUR NEW HEADQUARTERS BUILDING. WE ARE EXCITED ABOUT OUR UPCOMING MOVE TO THE NEIGHBORHOOD AND PROUD OF THE WORK, SETTING A NEW STANDARD FOR EXCELLENCE IN THE DESIGN OF PUBLIC FACILITIES IN MONTGOMERY COUNTY. —C asey Anderson, Montgomery County Planning Board Chair
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SPOTLIGHT CHUCK LEVIN’S WASHINGTON MUSIC CENTER A PIECE OF MUSIC HISTORY
to support music both locally and globally to this
A family-owned and operated music instrument
day. Celebrating their 60th anniversary in 2018,
and equipment store, Chuck Levin’s is the country’s
Chuck Levin’s staff enjoys a well-earned reputation
largest independent music center—with four
of more than three hundred years of combined
warehouses, two showroom buildings with four
playing experience.
on-site repair shops, and a dedicated event space.
LEARN FROM THE BEST
CURB APPEAL
Stevie Wonder, Nils Lofgren, Alan Parsons, Peter
Occupying the three largest buildings on their block,
Erskine, Ron Carter, Doc Severinsen and James
the storefront has a 40-foot long mural that covers
Morrison are a few of the people who have visited.
the entire length of the main building. The mural
It’s the perfect setting for meet-and-greets, clinics,
was painted by a lifelong customer over 30 years
demonstrations, workshops and master classes.
ago, and truly depicts the “vibe” of the Music Center. It’s not uncommon for customers or passers-by to
MUSIC RESOURCES FOR ALL Chuck Levin’s currently has departments that
stop and take photos. They also have a 20-foot tall keyboard being played by the hands of Chuck Levin.
specialize in virtually every instrument from guitars and drums to keyboards and synthesizers. They
60 YEARS OF MUSIC
provide orchestras and bands with instruments
The center moved from its H street location
and repair (four repair shops to serve customers).
after the riots following Martin Luther King Jr’s
Chuck Levin’s has a thriving Pro Audio department
assassination. It has deep roots within the music
for recording studios, live sound venues, bars and
community dating back to 1958, and it continues
restaurants and fitness studios.
“
I SHOP AT CHUCKS BECAUSE NO MATTER WHICH DEPARTMENT, THERE WILL ALWAYS BE SOMEONE WHO IS AN EXPERT IN THE FIELD AND CAN ANSWER MY QUESTIONS. I KNOW THAT’S WHERE THE PROS GO. —S teve J., Chuck Levin’s Customer
Watch these videos about other successful businesses near Wheaton. SOCIAL & SCIENTIFIC SYSTEMS supports
E-MANAGEMENT is an award-winning IT and
policymakers, medical professionals, communities,
cybersecurity firm with a commitment to its community
and citizens to improve public health, such as AIDS
through education, energy, and the elimination of
clinical trials, analyzing Medicare data, and other
poverty—also named one of the Top 100 companies
health services around the world.
by the U.S. Chamber of Commerce.
THINK SUCCESS 1 2 W H E ATO N
Chuck Levin’s Washington Music Center
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1 4 W H E ATO N
ACCESS THE TALENT CAPITAL Finding smart employees is a no-brainer in Montgomery County. That’s because this region has the largest concentration of degree holders of any metropolitan area in the country. Whether you need the brightest minds coming out of today’s best schools, or influential leaders that can take your teams to the top, we have the people who can get you there.
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E D U C AT I O N
&
WORKFORCE
PIPELINE TO TOP TALENT GET THE TALENT YOU NEED
UNIVERSITIES AT SHADY GROVE
A highly educated community contributes
USG has 80 undergrad and graduate degree
immediately to a ready-to-go workforce, and
programs offered by nine University of Maryland
Montgomery County residents are among the
institutions on one convenient campus, including the
most highly educated people in the nation, where
internationally recognized University of Maryland
31% of Montgomery County residents hold
College Park. USG is constructing a state-of-the-art,
a post-grad degree and almost 60% of our
$162 million biomedical sciences building to further
residents have a bachelor’s degree.
cyber, engineering and biomedical sciences education, slated to open later in 2019.
MONTGOMERY COLLEGE A nationally and internationally recognized
USG comprises multiple Maryland universities:
multi-campus community college serving nearly
University of Maryland, College Park; University of Maryland,
60,000 diverse students per year in 130 programs
University College; University of Maryland, Baltimore County
of study, many in key industries including
(UMBC); University of Maryland at Baltimore; and more.
Biotechnology, Cybersecurity, Information Technology, Engineering, and more.
shadygrove.umd.edu
montgomerycollege.edu WORKSOURCE MONTGOMERY (WSM) JOHNS HOPKINS UNIVERSITY (JHU)
WSM has a deep understanding of existing and
MONTGOMERY COUNTY CAMPUS
emerging industries allowing them to create sustainable
A premier university with a Montgomery County campus, the JHU Center for Biotechnology Education offers part-time, evening, master’s degree courses These include bioinformatics, biotechnology, entrepreneurship, and other areas. mcc.jhu.edu
workforce solutions that are tailored to this region— increasing the ability for your company to access highly talented workers throughout the region. WorkSource Montgomery will pre-screen potential employees, coordinate job fairs, and expand your reach to: • Colleges and universities throughout the region
WATCH VIDEOS about universities and colleges
• Active military and veteran service members
in Montgomery County: MOCOSUCCESS.COM
• Local, state, and federal government agencies • Community-based organizations and nonprofit
ANA G. MÉNDEZ UNIVERSITY SYSTEM—CAPITAL AREA CAMPUS The Ana G. Méndez University System is a non-profit institution of higher education whose primary mission is to promote the cultural, social and economic development and well-being of the Puerto Rican society, as well as of other Hispanic communities, by offering educational opportunities that benefit everyone it serves.
1 6 W H E ATO N
E D U C AT I O N
&
WORKFORCE
REGIONAL EXCELLENCE PREMIER LOCAL UNIVERSITIES
GEORGETOWN UNIVERSITY
The Greater Washington area is home to some
One of the world’s leading academic and research
of the country’s premiere universities including
institutions, Georgetown is a Washington landmark
Georgetown, George Washington, and American
since 1789. Georgetown offers degree programs
Universities in Washington, D.C.; the University
in 48 disciplines, enrolling an average of 7,500
of Maryland in College Park; and George Mason
undergraduates and 10,000 post-graduate students
University in Northern Virginia. With the nation’s
from more than 130 countries. Georgetown has a
capital as a prime attraction, students gain
vibrant community of exceptional students, faculty,
experience from unmatched internships and
alumni and professionals dedicated to real-world
work experiences unique to our area.
applications of research and scholarship. A global educational institution, Georgetown offers 180 study
UNIVERSITY OF MARYLAND, COLLEGE PARK
abroad programs, 250 agreements with international
The state’s flagship university and one of the
partners and hosts 3,100 international students.
nation’s preeminent public research universities, it is a global leader in research, entrepreneurship
GEORGE WASHINGTON UNIVERSITY
and innovation. The university is home to more
Located 4 blocks from the White House, George
than 41,000 students, 14,000 faculty and staff,
Washington University has 10 different schools
and 352,000 alumni. It’s also a top 10 undergrad
and colleges in a variety of disciplines with an
program for entrepreneurship.
international student presence. GW connects
Maryland is strongly investing in STEM education to reflect the needs of our highly technical businesses. We have the tech talent here in our state and are
academic to policy and the workplace—students have research opportunities with federal agencies and renowned local institutions.
ready to go. The University of Maryland System
AMERICAN UNIVERSITY
(11 campuses + 3 regional campuses) produced
A private research university in Washington, D.C.,
77,103 bachelor’s degrees and 37,505 graduate
American University has 8 schools and colleges
degrees between FY2015 and 2017. Maryland has
including its renowned School of International
the highest concentration of computer information
Service—comprises 160 programs including
and research scientists in the nation.
71 bachelor’s, 87 master’s and 10 doctoral degree programs. The university’s student body represents all 50 U.S. states and 141 countries.
“
ABOVE ALL, THE COUNTY AND THE GREATER WASHINGTON AREA HAVE CONSISTENTLY PROVIDED THE SKILLED AND TALENTED WORKFORCE THAT WE HAVE NEEDED TO EXPAND AND PROSPER. — Arne Sorenson, President and CEO, Marriott International, Inc.
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1 8 W H E ATO N
LOCAL CONNECTIONS, GLOBAL DESTINATIONS Whether you want to travel across town or around the globe, you’ll find it’s easy to get there from Wheaton. With convenient access to three airports, D.C. Metro, MARC trains, Bus Rapid Transit, and dedicated bike paths—professionals and residents alike have excellent options for getting around. In addition to our comprehensive transportation network, we’re perfectly situated next door to Washington, D.C., close to New York City, and halfway between Boston and Atlanta, on our nation’s most prosperous business corridor.
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T R A N S P O R TAT I O N FROM HERE, THE WORLD TRAVEL BY AIR TO ANYWHERE
TAKING A DRIVE
Global business is big business in Montgomery
Near the I-95 corridor, Montgomery County is
County. We have three international airports with
perfectly situated for travel up and down the
direct flights to many international destinations.
east coast. The I-495 Capital Beltway to the south
And since more than 160 foreign-owned companies
provides access to Washington, D.C. and Northern
have North American headquarters in the county,
Virginia, with the ICC connecting the I-270 Tech
this offers a big strategic advantage.
corridor to I-95 and College Park.
• Baltimore/Washington International Thurgood
CAPITAL BIKESHARE
Marshall (BWI)
Montgomery County is part of the regional
• Ronald Reagan Washington National (DCA)
Capital Bikeshare system. Pick up a bike for quick
• Dulles International (IAD)
and easy rides to home or work at participating Rockville, Silver Spring, Gaithersburg, Takoma Park
Also, Montgomery County Airpark in Gaithersburg
and Chevy Chase communities.
provides convenient corporate and general aviation, offering a local alternative to regional transportation.
PEDESTRIAN FRIENDLY Living in Montgomery County allows many residents
METRO SYSTEM
to enjoy walkable streets, landscaped sidewalks,
Washington, D.C.’s Metro system is one of the best
bikeways, trails, and paths for pedestrian circulation
public transit systems in the country, with 117 miles
and connections to surrounding communities.
and 91 rail stops located throughout Maryland, D.C. and Virginia. The mass transit service contributes to
TAXIS, UBER AND MORE
a regionally connected area, and Metro buses are
Driving and ride sharing services are readily
also available to add riding options.
available throughout Montgomery County and the greater metro area.
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.
“
With construction already started, the new Purple
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
2 0 W H E ATO N
T R A N S P O R TAT I O N BUS RAPID TRANSIT WHAT IS BUS RAPID TRANSIT?
WHERE TO FIND FLASH
Residents, businesses and visitors will have a new
FLASH corridors currently in the planning or
mode of transportation in Montgomery County
construction phase:
with the new Bus Rapid Transit (BRT) system
• US 29 (Colesville Road) between Burtonsville
coming soon—with features that will improve
and downtown Silver Spring will open in 2020
public transportation reliability and capacity for its
• MD 355 between Clarksburg and Bethesda
users. Bus Rapid Transit will offer customers more
• MD 586 (Veirs Mill Road) between Rockville
frequent service, dedicated lanes, and green light priority signaling. The system will be efficient, with
and Wheaton • Other FLASH corridors are planned as part
each vehicle able to take up to 90 cars off the road.
of the Countywide Transit Corridors Functional
BRT FEATURES
Master Plan
Cleaner: Reduces harmful greenhouse gas emissions, making the air cleaner
• The Corridor Cities Transitway (CCT) is being planned by the State of Maryland
Comfortable: Features real-time travel
GOOD FOR BUSINESS
information and provides a place to wait
BRT is an important part of Montgomery County’s
comfortably before boarding
economic future. By serving key job and growth
Cost-Effective: Saves money by riding
corridors with transit, BRT will present new job
FLASH instead of driving a car
opportunities and attract new employers. With FLASH, employees will spend less time
COMMUNITY INVOLVEMENT CREATED FLASH
commuting and more time enjoying life.
After a community contest, the County’s Department of Transportation (MCDOT) announced that the
RESIDENTS RIDE ON
winning name for the BRT system is “FLASH.” MCDOT
Ride On is a popular public transportation system in
plans to continue its community outreach and public
Montgomery County, Maryland, as well as Langley
involvement efforts to help educate residents about
Park in Prince George’s County. Ride On operates
the benefits of this new transportation option and
more than 100 routes. Ride On extRa, a bus service
encourage community involvement in the process
that started in 2017, is a limited-stop route via 355
of developing the BRT system.
between the Lakeforest Transit Center and Medical Center Metro station. It also has free WiFi, USB charging ports, and very comfortable seating. Ride On was awarded a $1.75 million grant from the Federal Transit Administration to purchase the county’s first four electric buses and charging stations. The County is also introducing a Ride On Flex Service for “on demand” bus service.
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2 2 W H E ATO N
PICTURE PERFECT URBAN LIVING Affordable housing options abound in an urban district that bustles with vitality. With a dependable housing market that offers plentiful inventory, the area is bike and pedestrian-friendly, and metro accessible. Single-family homes are available in many friendly neighborhoods. Beautiful condos and cool lofts are on the market, along with an influx of great new apartments for rent, some with gourmet kitchens and roof top city views. Walk to a concert, brewery or grab a bite to eat at one of our many fabulous restaurants. Explore city living at its best in downtown Wheaton.
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REAL
E STAT E
PROJECTS
ABUNDANT AFFORDABLE HOUSING OPTIONS DEPENDABLE, AFFORDABLE HOUSING OPTIONS
APARTMENT LIVING
The region has a very dependable housing market
According to NeighborhoodScout, Wheaton is an
with plentiful inventory at very stable costs. At an
urban neighborhood (based on population density)
increase of only 8 cents per square foot over the
located in Silver Spring, Maryland. Wheaton real
last four years, renting a home or apartment is far
estate is primarily made up of small- to medium-sized
less expensive than what is available in many other
apartment complexes/high-rise apartments and
coveted East Coast communities. Within the greater
single-family homes. Most of the residential real estate
metro region itself, Wheaton’s housing options are
is renter occupied. Many of the residences in the
less expensive than comparable communities in
Wheaton neighborhood are newer, built in 2000 or
Washington, D.C. and Northern Virginia. Within biking
more recently. A number of residences were also built
and transit distance, there are starter homes, family
between 1940 and 1969.
neighborhoods, condos, rental apartments and a variety of executive housing choices. NEIGHBORHOODS WITH PERSONALITY You’ll find a variety of unique areas where residents are proud to call home—including Glenmont Forest, Wheaton Crest, and Wheaton Hills. Housing designs are available to match almost any budget.
Solaire Wheaton
The Exchange
MEDIAN HOME VALUES
AVERAGE MARKET RENTS
IN COMPETITIVE MARKETS
IN COMPETITIVE MARKETS Single-Family Home
City
Studio
1 BR
2 BR
3+ BR
Wheaton, MD
$531,500
Wheaton, 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
City
24 W H E ATO N
REAL
E STAT E
PROJECTS
ABUNDANT AFFORDABLE HOUSING OPTIONS SHORT AND LONG-TERM CORPORATE HOUSING Wheaton and the greater region have many corporate housing options including the Oakwood and the Point Apartment complexes, each offering fully-furnished executive or luxury apartment rentals. Suite America is another option for short-term stays. The Washington, D.C area is always among the first for unique housing options—such as the Attaché Corporate Housing that offers various furnished options throughout the area for shorter and extended stays. CONVENIENT LOCATIONS With locations such as The Flats at Wheaton Station,
Oakwood Apartments
Solaire Wheaton, the Exchange, and the George— you’re right next door to the Metro system and all the Washington, D.C. region has to offer. Residents also enjoy sensational amenities such as a resort-style pool and sundeck, resident lounge, fitness center, and more. And shopping couldn’t be easier with the popular Westfield Wheaton Mall right
“
in the neighborhood.
A VERY NICE COMMUNITY. FRIENDLY CARING NEIGHBORHOOD, IT IS VERY SAFE, QUIET, AND CLEAN NEIGHBORHOOD. WHEATON HAS BEAUTIFUL PARKS FOR NEIGHBORHOOD/FAMILY GATHERINGS. NEIGHBORS CARE AND LOOKOUT FOR EACH OTHER.
The George
— Current Resident, Niche.com
The Flats at Wheaton Station
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2 6 W H E ATO N
A WELCOMING, GLOBAL LOCATION 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
community outreach through their children’s art
Montgomery County leads the way with a melting
activities and college scholarship program.
pot of cultures, ideas and discoveries. People of all nationalities call this region home. 138 languages are spoken in Montgomery County, and we celebrate the cultural diversity that flows in our communities. More than 40% of residents speak a language other than English, which is higher than the national average of 21.5%. In 2015, the most common
WHEATON FILM FESTIVAL With film screenings, panel discussions, and networking, the annual Wheaton Film Festival is a great showcase for filmmakers from the midAtlantic region or for films that highlight the area. And you’ll find plenty of resident artists that are ready for business.
non-English language spoken in the County was Spanish. 14.5% of the County’s overall population
THE GREAT OUTDOORS
are native Spanish speakers, while 3.53% speak
If some time among nature is what you’re looking
Chinese and 2.9% speak African languages.
for, the beautiful Brookside Gardens and Wheaton Regional Park are two perfect places to start.
DRIVING CULTURAL AND ECONOMIC SUCCESS Countries from around the world are represented
Scenic trails and green spaces help make these some of the areas most popular attractions.
right here in Montgomery County. With a $5.5 billion economy that’s growing, our County truly
WEDDING & MEETING VENUE
embraces cultural diversity. This cultural range
Award-winning Brookside Gardens is also a
is reflected in the variety of thoughts and ideas
picture-perfect location for garden weddings.
generated by the global companies that make
The contemporary Reception Hall and Conservatory
Montgomery County their home.
are available year-round and are ideal locations
From vibrant, urban districts like Bethesda, Silver Spring, Kensington and Wheaton to the rustic open spaces in Darnestown and Poolesville, there is a neighborhood for everyone in Montgomery County. FULL OF SURPRISES From scenic hiking trails and outdoor destinations, to one-of-a-kind shops and ethnic restaurants, life in Wheaton is never boring. And if you’re looking for something a little more unusual, try a stop at the deepest escalator in the western hemisphere.
for large and small indoor gatherings. It also offers a choice of meeting venues. The Hall, with its panoramic view, can seat 175 in a lecture roomstyle. Brookside’s classrooms are also available for small meetings or training sessions for groups up to 50. MORE REASONS TO LOOK AT WHEATON • Affordable (20%+ less than Washington, D.C.) and multiple low-income housing options available • Top-rated Montgomery County Public School system
MONTGOMERY ART ASSOCIATION The Montgomery Art Association in downtown Wheaton includes all artists, amateurs as well as professionals, working in a variety of media and styles. They sponsor regular lectures and demonstrations, member exhibits, museum field trips, an online display and sales gallery, and
2 8 W H E ATO N
• Business support and services from The Wheaton Urban District • Run, bike, or hike in nearby Rock Creek and Sligo Creek Parks • A locally thriving community of artists and entrepreneurs
LIFESTYLE A DIVERSE AND VIBRANT COMMUNITY BEYOND WHEATON
EXPLORE GREEN SPACES
Dining is a delight throughout Montgomery County,
• 34,000 acres of parkland in the Montgomery
including farm-to-table, vegetarian, and ethnic choices representing virtually every country. In
Parks system • 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 the Performing Arts, Shakespeare Theater, and
• 400 parks, 2 national parks, Glen Echo Park and Chesapeake & Ohio Canal National Historic Park
Signature Theater are all nearby. Free museums and exhibitions of the Smithsonian Institution are
• 93,000 acres of farmland and rural space are part
also a great draw for our Montgomery County
of the expansive Agricultural Reserve, protected
businesses and residents.
space in Montgomery County since 1980
“
THIS RECOGNITION FROM THE MARYLAND STATE ARTS COUNCIL IS A WELCOME VALIDATION OF OUR EFFORTS AS AN EMERGING A&E DISTRICT. —A li Oliver-Krueger, Wheaton Urban District Advisory Committee Vice Chair
Future home of the Wheaton Town Square
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.
3 0 W H E ATO 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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3 2 W H E ATO N
INNOVATION DRIVES BUSINESS Discoveries spring from every corner of our County. From our premier office spaces and wet labs, to our research parks and federal institutions, on our farms and in our business incubators, we’re making advances that cross industries and break boundaries. Our innovation extends to sustainability, where County government operations have been carbon neutral since 2016, delivering a 23% reduction in our carbon footprint.
M O N TG O M E RY CO U N T Y, M A RY L A N D
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I N N OVAT I O N
AND
S U STA I N A B I L I T Y
CREATING A SUSTAINABLE FUTURE GREENHOUSE GAS REDUCTION
• Fuel Energy Tax Exemption for Onsite Clean
Montgomery County is committed to leading by
Energy—Electricity generated through onsite
example in greenhouse gas emission reductions:
solar installation is exempt from the County’s
• M ontgomery County purchases 100% of its
Fuel Energy Tax
electricity supply from clean sources • C ounty Government has installed more than six megawatts of solar photovoltaic panels on public facilities and is expected to exceed 11 megawatts by 2018 • C ounty government operates a total of 243 electric and gasoline/electric hybrid vehicles • T he county’s Department of Transportation
• Rainscapes Rewards offers rebates up to $10,000 for commercial property owners installing rain gardens and other projects • The Montgomery County Green Business Certification Program is a voluntary recognition effort for businesses that exhibit a high level of sustainability ENGAGED RESIDENTS
serves 26 million passengers a year and operates
The people living here contribute to create
370 buses, all either hybrid electric, compressed
a better future:
natural gas, or clean diesel • M ontgomery County will complete its first two microgrids in 2018, enhanced with a combination of solar energy, and combined heat and power systems that convert electricity into natural gas • M ontgomery County became the first of
• Bethesda Green, a nonprofit sustainability hub with a mission to promote sustainable living practices • Multiple financial incentives to help residents reduce their energy use, including $250 in energy efficiency tax credits, free “Quick Home Energy Check-ups,” Maryland Residential Clean Energy
only a handful of local governments to join
Grant Program, and Weatherization Assistance
the Subnational Global Climate Leadership
to low-income households
Coalition, agreeing to pursue emission reductions consistent with a trajectory of 80 to 95 percent below 1990 levels by 2050 SUPPORTING BUSINESSES Montgomery County prides itself in supporting
• Over 150 publicly available electric vehicle charging stations—perfect for county residents who used the state’s tax credit to purchase or lease a new electric vehicle • S even local USDA Organic farms, with their
businesses that help our efforts, which include:
products available through 24 farmers markets
• G reen Bank—The first formal green bank
and 27 Community Supported Agriculture vendors
organization to be established at a local government level • Commercial PACE Financing—Commercial property owners can finance energy-saving upgrades
3 4 W H E ATO 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
epilepsy and other CNS disorders • Sanaria is developing and commercializing
premier cybersecurity defenses. Driving world-
malaria vaccines in a dedicated clinical
class advancements. If it’s on the forefront of
manufacturing facility, the only one of its type
technology and innovation, it’s happening here.
in the world
Below are some of our area’s most promising innovations and discoveries.
• Biotech Labs USA, a University of Maryland spin off, is helping to make cats and dogs healthier
ENTREPRENEURSHIP
• NIH is the world’s largest biomedical
• T he Greater Washington area is #1 for “Growth Entrepreneurship” and #1 for “Highest Density of High-Growth Companies in IT Services” • I ncubator resources through the Montgomery Business Innovation Network focus on market disruption and start-up of tomorrow
research institute • FDA protects public health through regulation of food, drugs, biological products and medical devices • BioHealth Innovation, Inc. accelerates innovation and advancing science, cyber and health technology
Featured Company: Wheaton Studio of Dance
IT & CYBERSECURITY
Founded by entrepreneur Joni Reese, the Wheaton
• First Federally Funded Research and
Studio of Dance is beginning its 50th year under its new Artistic Director and Owner, Shannon RushLocke. It’s one of the largest dance studios in the region and prides itself in good dance technique and individual attention focused on the strengths and weaknesses of each student.
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
Wheaton Studio of Dance
M O N TG O M E RY CO U N T Y, M A RY L A N D
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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
3 6 W H E ATO 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
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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. Bytegrid is a national provider of multi-tenant data centers. The maintainable and fault-tolerant design of this facility offers an ideal location for projects and expansion opportunities for businesses.
3 8 W H E ATO N
to deliver results for our residents, businesses, and communities. openMontgomery provides immediate access to vital county data and information, along with a wide variety of raw data
“
FIBER CONNECTIVITY
that the public can analyze freely.
IN OUR MODERN TECH ECONOMY, INTERNET CONNECTIVITY AND NETWORK INFRASTRUCTURE ARE AS FUNDAMENTAL TO ECONOMIC DEVELOPMENT AS AN EDUCATED WORKFORCE AND TRANSPORTATION. MY GOAL IS TO LEVERAGE ULTRAMONTGOMERY, OUR ULTRA-HIGH SPEED, FIBER NETWORK INITIATIVE, TO ENSURE THAT MONTGOMERY COUNTY HAS THE MOST ROBUST, RELIABLE, AND RESILIENT BROADBAND IN THE NATION. — Marc Elrich, Montgomery County Executive
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INCENTIVES TAX CREDITS AND VENTURE CAPITAL FUNDING MARYLAND BELIEVES IN BUSINESS
Green Business Certification Program: A voluntary
This region has grown into one of the wealthiest
recognition program to encourage businesses
and most business-diverse areas in the country
to reduce their ecological footprint. Certified
because Montgomery County and state leaders
businesses are promoted and listed in the Green
work together to make doing business here more
Business Directory.
profitable for corporations and their employees. Many incentives, exemptions and tax credits are available to offset your costs of moving to the world-class Gaithersburg 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
• Arborview Capital Chevy Chase
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
• Emerging Technology Partners Rockville
accomplished, and the company has notified the County Department of Finance, the business will begin receiving the credit.
• Enlightenment Capital Chevy Chase • Epidarex Capital Bethesda • New Enterprise Associates Chevy Chase
GREEN INCENTIVES Commercial PACE Financing: Finance energy-saving upgrades through a property tax surcharge that is repaid over the life of the upgrade (potentially up to 100% of the cost for up to 20 years).
4 0 W H E ATO N
• Kinetic Ventures Chevy Chase • Novak Biddle Venture Partners Bethesda
HOW
MCEDC
HELPS
ECONOMIC ENGINE FOR BUSINESS DEVELOPMENT OUR PEOPLE KNOW PEOPLE
commercial properties. Whether you are considering
Our business retention and recruitment experts
starting a business here, moving into the county, or
are ready to help you reach business growth in
expanding within your current location, we can help.
Montgomery County. With decades of business
We’ll help you find the address of choice that can lead
experience on our team in the County and
to great business success in the county.
throughout the region, MCEDC is ready to help connect you to valuable resources, locations, potential partners, networking opportunities and more. If we don’t have it, we’ll find it for you.
EXPLORE AVAILABLE INCENTIVES Find out about current incentive programs from the county and the state, along with licensing, permitting and zoning information. Many incentives, tax credits
MAKE IMPORTANT CONNECTIONS
and other help are available—and our business
Using our wide-ranging network, we can connect
development team can help you find assistance.
you to potential partners and investors, professional service providers, accelerators and innovation centers, and networking. Tap our experts for business and market intelligence to help you make important decisions and assess current market conditions. Reach out and let us help you connect. ACCESS A LEADING WORKFORCE Thirty one percent of Montgomery County residents hold a post-grad degree and almost 60% of our residents have a bachelor’s degree. MCEDC partners with colleges and universities to help you source the best talent.
CONNECT BUSINESS TO TALENT WorkSource Montgomery is an MCEDC partner that expands its efforts to address talent development in East County, and particularly White Oak. We assist businesses in this area find a highly talented workforce that will allow them to accomplish their goals. WorkSource Montgomery helps to strengthen individuals at all job levels through career advancement, working directly with businesses to ensure a strong talent pool for in-demand occupations.
We are a ‘go-to’ resource that links the local and regional
Ask WorkSource Montgomery how they can help you
workforce pipeline to companies to fuel success.
with your talent needs at worksourcemontgomery.com.
FIND THE PERFECT BUSINESS ADDRESS
WE CAN HELP
We can assist you with finding the perfect location
Contact MCEDC at thinkmoco.com to find out even
from site selection to knowing early about available
more ways we can help your organization succeed.
M O N TG O M E RY CO U N T Y, M A RY L A N D
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CONNECT
WITH
US
READY TO HELP YOUR BUSINESS CHAMPIONS Please reach out to us for answers to any questions you may have and to discuss next steps.
David Petr President & CEO David@thinkmoco.com 240.641.6701 office 863.956.7474 mobile
Lynne Stein-Benzion, CEcD Director of Business Retention & Expansion Lynne@thinkmoco.com 240.641.6706 office 301.910.1828 mobile
As the President and CEO of MCEDC, David
Lynne Stein Benzion is MCEDC’s Director of
develops innovative strategies, strengthens
Business Retention and Expansion, with many
partnerships and promotes Montgomery County
years of experience in the economic development
as a great place to do business. He leads the
arena and deep roots in the local Montgomery
MCEDC effort to help businesses start, relocate
County business community. She visualizes
and expand in the County. He regularly meets
the true potential of MCEDC as a regional and
with hundreds of businesses, associations and
national leader that capitalizes on the county’s
community partners to better understand their
cultural diversity to help new ideas and industries
priorities to help shape successful strategies.
grow and thrive.
LEARN MORE
LEARN MORE
Spiros Balntas, CEcD Director of Business Recruitment Spiros@thinkmoco.com 240.641.6705 office 301.857.1942 mobile
Daniel Parra Director of Small and Minority Business Development Daniel@thinkmoco.com 240.641.6714 office 240.271.8904 mobile
Spiros Balntas is the Director of Business
As the Small and Minority Business Development
Recruitment, working to transform MCEDC into one
Director, Daniel Parra reaches out to minority
of the most competitive economic development
groups to help them cultivate partnerships and
agencies in the country. He comes to MCEDC with
opportunities within their communities. Well
a diverse range of economic growth experience,
known within the Asian, African, and Hispanic
having served in business development capacities
communities, he is also fluent in Spanish. Daniel
both nationally and internationally. He speaks four
was the President of the Hispanic Chamber of
languages, a distinct advantage in a multi-cultural
Commerce for Montgomery County. He was
County like Montgomery.
also the Managing Director of Maryland’s Latino
LEARN MORE
Economic Development Corporation. LEARN MORE
4 2 W H E ATO N
Metro—longest escalator in Western Hemisphere
The Exchange at Wheaton Station
Ariel view of the Wheaton Library and Recreation Center
The future Wheaton Town Square walkway
M O N TG O M E RY CO U N T Y, M A RY L A N D
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ADDENDUM MONTGOMERY COUNTY MEANS BUSINESS MULTIPLYING THE POWER OF PARTNERSHIPS
FROM HERE ACCESS BUSINESS ANYWHERE
Montgomery County is booming with international
• Prime Location: Our next-door neighbor is the
business opportunity. With 31% of our residents
nation’s capital, and we are central to the bustling
holding post-grad degrees—the highest in the
business northeast corridor.
county—we have the smartest workforce to drive business success. Exciting new partnership opportunities are available for companies to start, grow or relocate to our thriving area. Build to suit options are now available for companies. Innovation Centers that support, mentor and help promote business growth are sprinkled throughout
• 3 International airports with 1,000 nonstop flights daily to 85+ domestic and 47+ international destinations • Amtrak connects to BioHealth hubs in Philadelphia, New York, Boston and other major cities • 1/3 of the U.S. population is within an overnight drive from Maryland
Montgomery County, including BioHealth Innovation (BHI) which runs centers in Germantown and Rockville. And you’ll find the Silver Spring Innovation Center right here in Silver Spring. Montgomery County is recognized as a great place to support your business success. GLOBAL COMPANIES: • B AE Systems • C hoice Hotels International • C oca-Cola • G laxoSmithKline • H ughes Network Systems • L ockheed Martin • M arriott International • M edImmune/AstraZeneca • O tsuka America • Q iagen
A PERFECT ADDRESS FOR BUSINESS • 18 Federal government agency headquarters • 6% Job Growth • 227+ Foreign-owned companies and growing • 138 Languages spoken in diverse households • 4 of the 10 Most diverse cities in the U.S. are in MoCo
• S odexo
• 6,000 STEM PhDs
• U nited Therapeutics
• 32k Businesses in Montgomery County
• W estat
and growing • 7,000 MD businesses export to 209 countries
4 4 W H E ATO 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 Pike District/North Bethesda: Best Place to Live in Maryland 1 Award of Excellence from the American Planning Association Rockville: #1 Best Place to Raise a Family 2 #13 Best Places to Live3 Top 30 Small Towns for Book Lovers4
Bethesda: #1 Most Educated Place in America 5 #1 Most Educated Place in America, third year running6 Montgomery County: #2 Best Public Schools in the State 7
Super high-speed network connectivity covers the area with a dense mat of fiber networks and conduit that provides a rare combination of competitive, advanced telecommunication services at relatively low cost. 4G cellular coverage is also available from all four major wireless carriers (Verizon, AT&T, Sprint, T-Mobile). Since the launch of the County’s ultraMontgomery program in 2014 to facilitate proliferation of ultra-high-speed broadband, the County has received and is processing hundreds of applications for 5G antenna systems.
#2 Top Digital Counties in U.S.
EXTENSIVE MOBILITY
DYNAMIC ECONOMY With a regional GDP of more than $500 billion, if the Washington area were a country, its economy would be the size of Sweden’s. Fueled by a 35% rise in population, growth is overwhelmingly through international migration and natural increase among current residents. More than 23% of the regional population is foreign born, bringing a depth of diversity that makes the region a microcosm of the country and the world.
The D.C. region is home to one of the top two largest transit systems in the nation, which powered nearly 180 million rail and more than 120 million bus trips in 2016 alone, reaching a 1,500 square mile area. n
R anked as the 2nd most walkable metro area
n
3 3% of office, retail or multi-family space located in a pedestrian-accessible area
n
A top 10 market nationally for its percentage of commuters who bike to work
n
T hree international airports provide for hourly shuttle flights to business hubs in New York and Boston
n
A five-hour drive to seven of the top 50 MSAs in the country
INCREDIBLE TALENT The greater Washington area has the second highest percentage of employees working in the computer and math field of any MSA in America. It is the top-ranked location for professionals in key corporate business functions such as management, financial and legal. There are also more than 40 different universities and colleges in the region.
4 6 W H E ATO 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. Visit MoCo365.com to check out
Entrepreneurs and innovators make up a diverse
the personal stories of 365 community members, and
tapestry of business success stories that reach all
what inspires them to live and work in Montgomery
across Montgomery County, Maryland.
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