Economic Development

Our Concern

Many converging trends threaten the County’s prosperity and quality of life, unless seriously addressed. The DC region has seen an alarming decrease in gross regional product and job losses, losing its competitive position with other major regions. Too much dependence over the years has centered on federal spending; such regional reliance on Federal dollars will continue to diminish. Our County commercial tax base is in steady decline, and we are facing the loss of major companies and their commercial revenues. The County suffers from the reality of being viewed as anti-business, and other nearby jurisdictions are moving aggressively to seize openings in technology and biomedical – industry sectors the County has relied on economically. Our County leaders are not poised to address these basic economic shortcomings.

By the Numbers

  • In job growth, Montgomery County is ranked 20th out of 24 local jurisdictions over the last 15 years
  • Maryland still has one of lowest ranks for business-friendliness
  • In the last 10 years, the County’s population has grown over 10%, by over 100,000 residents, while the number of businesses has grown by only 1%
  • Revenue-share from the County’s commercial sector has steadily declined in 10 years, with this imbalance adding greater costs to our county residents
  • Six separate residential tax increases have been imposed (out of last 15 years)
  • In the past 4 years alone, County Council has passed multiple bills negatively impacting our small businesses and contributing to the County commercial decline

Learn the Facts

The Coming Storm: How Years of Economic Underperformance are Catching up with Montgomery County

Montgomery County’s Job Market is Stagnant »

MoCo’s Income Has Fallen Since the Recession »

MoCo is Raising Taxes But Revenue Growth Has Declined »

MoCo’s Debt is Skyrocketing »

MoCo’s Liquor Monopoly Hurts Consumers, Restaurants and Retailers »

Aside From Bethesda, MoCo’s Office Market is Dead »

MoCo is Almost Last in the Region in Creating Establishments »

MoCo is Losing Taxpayer Income to Other Places »

Read Our Stories

Montgomery County’s Problems – And Your Opportunity »

How Making Cool Places to Hang Out Can Turn the County’s Economy Around »

Why Your Kids Aren’t Moving Here After Graduation »

Aging Population Has Huge Implications for MoCo’s Budget »

Why You Can’t Afford to Live Here »

Transforming White Flint into an Economic Engine for Montgomery County »

Why I Moved Out of MoCo »

Why Alcohol Reform Is So Important to Me and to this Community »

A Useless Law: Pretending to Help People with Allergies »