Regional Economic Development Facts

Prince George’s County wraps around the eastern boundary of Washington, D.C. and offers urban, suburban and rural settings for employers and residents. The region’s national and international airports and the Port of Baltimore are less than an hour away. The county boasts a friendly business climate, skilled workers and an outstanding quality of life.

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Montgomery County is the gateway to the Mid-Atlantic’s robust business community, centrally located in the region’s federal and advanced technology marketplace. It is literally next door to the nation’s capital and home to over 250 biotech companies and industry leaders such as GSK, MedImmune, and United
Therapeutics.

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[ultimate_info_table design_style=”design06″ color_scheme=”custom” color_bg_main=”#ffffff” color_bg_highlight=”#2d2d2d” color_txt_highlight=”#ffffff” package_heading=”HOWARD COUNTY” package_sub_heading=”BRIEF ECONOMIC FACTS” icon_type=”custom” icon_img=”10889″ img_width=”95″ use_cta_btn=”true” package_btn_text=”Download the Brief” package_link=”url:http%3A%2F%2Fthreeeconsultinggroup.com%2F~threee7%2Fwp-content%2Fuploads%2F2016%2F12%2FHowardBef.pdf|||” subheading_font_color=”#b89c36″ heading_font_size=”desktop:18px;” subheading_font_size=”desktop:14px;” css_info_tables=”.vc_custom_1522718548938{padding-bottom: 15px !important;}”]Howard County is one of the nation’s premier communities, centrally located between two of the nation’s largest metropolitan areas, Washington D.C. and Baltimore. With nearly 310,000 residents and one of the nation’s most educated workforces, the county is nationally recognized as one of the best places in the U.S. to live and is the center of a growing cyber security industry.[/ultimate_info_table]

[ultimate_info_table design_style=”design06″ color_scheme=”custom” color_bg_main=”#ffffff” color_bg_highlight=”#2d2d2d” color_txt_highlight=”#ffffff” package_heading=”BALTIMORE CITY” package_sub_heading=”BRIEF ECONOMIC FACTS” icon_type=”custom” icon_img=”10880″ img_width=”95″ use_cta_btn=”true” package_btn_text=”Download the Brief” package_link=”url:http%3A%2F%2Fthreeeconsultinggroup.com%2F~threee7%2Fwp-content%2Fuploads%2F2016%2F12%2FBaltCityBef.pdf|||” subheading_font_color=”#b89c36″ heading_font_size=”desktop:18px;” subheading_font_size=”desktop:14px;” css_info_tables=”.vc_custom_1522718573460{padding-bottom: 15px !important;}”]Strategically located in the Mid-Atlantic region, and accessible by port, rail, air, and highway, Baltimore City is a dynamic urban center fueled by a diverse economy. Among major U. S. metros, Baltimore ranks 9th in downtown population and 12th in downtown employment, and has experienced rapid growth in the well- educated young-adult population.[/ultimate_info_table]

Anne Arundel County is located in the heart of the nation’s fourth largest market, the Baltimore-Washington D.C. corridor. It is home to the state capital, Annapolis, and to the U.S. Naval Academy, both major destinations for visitors. With over 500 miles of shoreline along the Chesapeake Bay and its tributaries, the county successfully combines natural beauty and rural charm with metropolitan sophistication.

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[ultimate_info_table design_style=”design06″ color_scheme=”custom” color_bg_main=”#ffffff” color_bg_highlight=”#2d2d2d” color_txt_highlight=”#ffffff” package_heading=”BALTIMORE COUNTY” package_sub_heading=”BRIEF ECONOMIC FACTS” icon_type=”custom” icon_img=”10881″ img_width=”95″ use_cta_btn=”true” package_btn_text=”Download the Brief” package_link=”url:http%3A%2F%2Fthreeeconsultinggroup.com%2F~threee7%2Fwp-content%2Fuploads%2F2016%2F12%2FBaltCountyBef.pdf|||” subheading_font_color=”#b89c36″ heading_font_size=”desktop:18px;” subheading_font_size=”desktop:14px;” css_info_tables=”.vc_custom_1522718901910{padding-bottom: 15px !important;}”]Baltimore County, the second largest job center in the state, enjoys a diverse
economy, highly educated workforce, and attractive standard of living. Over 21,000 businesses employ 308,000, with more than 500 of these businesses employing over 100 workers. The business community is balanced across sectors with corporate or divisional headquarters for McCormick & Co. and Stanley Black & Decker etc.[/ultimate_info_table]

[ultimate_info_table design_style=”design06″ color_scheme=”custom” color_bg_main=”#ffffff” color_bg_highlight=”#2d2d2d” color_txt_highlight=”#ffffff” package_heading=”HARFORD COUNTY” package_sub_heading=”BRIEF ECONOMIC FACTS” icon_type=”custom” icon_img=”10888″ img_width=”95″ use_cta_btn=”true” package_btn_text=”Download the Brief” package_link=”url:http%3A%2F%2Fthreeeconsultinggroup.com%2F~threee7%2Fwp-content%2Fuploads%2F2016%2F12%2FHarfordBef.pdf|||” subheading_font_color=”#b89c36″ heading_font_size=”desktop:18px;” subheading_font_size=”desktop:14px;” css_info_tables=”.vc_custom_1522718887101{padding-bottom: 15px !important;}”]Harford County is part of the Baltimore metropolitan area located on I-95 in the heart of the Mid-Atlantic. This strategic location offers proximity to premier research institutions such as the U.S. Army Aberdeen Proving Ground’s (APG) ve Centers of Excellence and 3D/Prototyping with Federal labs in NE Maryland. Harford’s 5,500 businesses employ 66,900; over 100 businesses employ 100 or more.[/ultimate_info_table]

Carroll County’s central location in the state attracts a diversity of business interests. The business composition in the county includes a signi cant number of rms in manufacturing, transportation, and health and business service sectors. Agriculture remains a viable industry with an emphasis on nurturing bioscience enterprises. Carroll County’s 4,450 businesses employ 48,300 workers, and over 60 of these businesses have 100 or more workers.

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Garrett County is a progressive community that welcomes business. The westernmost county in Maryland, Garrett offers a central location to local major markets, interstates, available community-owned business parks, one of Maryland’s best K-12 school systems, a variety of housing options, and an excellent workforce. The Department of Economic Development works to attract, retain, and expand businesses to our area. Our workforce, location, and affordable community-owned business parks have attracted some of the best business that Maryland has to offer.

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With its strategic location along the East Coast and situated at the crossroads of Maryland’s Lower Eastern Shore, Wicomico County serves as a hub for commerce, industry, health care, education and transportation. Situated halfway between the Atlantic Ocean and the Chesapeake Bay, cultural, recreational and civic amenities add to the lure of Wicomico, offering citizens a lifestyle second to none. Wicomico is the number two agricultural producing county in Maryland, and ranks third in broiler chicken production. Popular crops include corn, soybeans, wheat and vegetables.

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[ultimate_info_table design_style=”design06″ color_scheme=”custom” color_bg_main=”#ffffff” color_bg_highlight=”#2d2d2d” color_txt_highlight=”#ffffff” package_heading=”FREDERICK COUNTY” package_sub_heading=”BRIEF ECONOMIC FACTS” icon_type=”custom” icon_img=”10885″ img_width=”95″ use_cta_btn=”true” package_btn_text=”Download the Brief” package_link=”url:http%3A%2F%2Fthreeeconsultinggroup.com%2F~threee7%2Fwp-content%2Fuploads%2F2016%2F12%2FFrederickBef.pdf|||” subheading_font_color=”#b89c36″ heading_font_size=”desktop:18px;” subheading_font_size=”desktop:14px;” css_info_tables=”.vc_custom_1522718635188{padding-bottom: 15px !important;}”]Frederick County is Maryland’s largest county in size—663 square miles. The City of Frederick, the county seat, is intersected by ve interstate and national highways that provide easy access to Baltimore (46 miles), Washington, D.C. (44 miles), Gettysburg, Pa. (32 miles), Harpers Ferry, W.Va. (21 miles), and Leesburg, Va. (25 miles). It is home to the 5,700-acre Catoctin Mountain Park, site of the Camp David Presidential Retreat. Frederick County is also Maryland’s largest dairy producer, and has the second largest concentration of biotech companies in the state, with over 80 biotech firms calling the county home.[/ultimate_info_table]

“Business rocks in Queen Anne’s County” as it offers close proximity to metropolitan areas balanced with the relaxing lifestyle of a waterfront and rural community. The county is located within a one-hour drive to such major metros as Baltimore, Washington, D.C., Wilmington, DE and Philadelphia, PA utilizing US Routes 50 and 301. Queen Anne’s County appeals to companies seeking a prime, affordable location that offers an excellent quality of life and a well-educated workforce. 1,390 businesses in the county currently employ over 11,600 workers.

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[ultimate_info_table design_style=”design06″ color_scheme=”custom” color_bg_main=”#ffffff” color_bg_highlight=”#2d2d2d” color_txt_highlight=”#ffffff” package_heading=”CALVERT COUNTY” package_sub_heading=”BRIEF ECONOMIC FACTS” icon_type=”custom” icon_img=”10882″ img_width=”95″ use_cta_btn=”true” package_btn_text=”Download the Brief” package_link=”url:http%3A%2F%2Fthreeeconsultinggroup.com%2F~threee7%2Fwp-content%2Fuploads%2F2016%2F12%2FCalvertBef.pdf|||” subheading_font_color=”#b89c36″ heading_font_size=”desktop:18px;” subheading_font_size=”desktop:14px;” css_info_tables=”.vc_custom_1522718722676{padding-bottom: 15px !important;}”]As part of the Washington, D.C. metro-politan area, Calvert County offers a Washington, DC variety of amenities. Calvert, a peninsula on the western shore of the Chesapeake Bay, is the state’s smallest county consisting of about 213 square miles. The town centers of Dunkirk and Prince Frederick offer convenient highway access to the cities of Annapolis, Baltimore and Washington, D.C. The town centers of Solomons and Lusby provide ideal locations for companies supporting operations at or near the Naval Air Station Patuxent River in Lexington Park.[/ultimate_info_table]

St. Mary’s County is situated on a peninsula in Southern Maryland with over 500 miles of shoreline on the Patuxent River, Potomac River and Chesapeake Bay. The Naval Air Station, Patuxent River, employing 22,400 military, civilians and defense contractors, is home to the U.S. Naval Air Systems Command (NAVAIR), including the Naval Air Warfare Center Aircraft Division (N AWC AD). With over 200 high-tech aerospace and defense contractors, the county has emerged as a world-class center for maritime aviation research, development, testing, evaluation, and acquisition.

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Kent County, founded in 1642, is located on the Eastern Shore of Maryland, directly east of Baltimore. The boundaries include the Sassafras and Chester Rivers, the State of Delaware, and the Chesapeake Bay. The Port of Baltimore is located approximately 75 driving miles from Kent County. Route 301 provides a major north-south artery for commercial transportation, linking Maryland to Delaware. Kent County encourages the growth and development of diverse businesses such as clean industrial, biomedical, technology, and agriculture-related establishments.

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Caroline County is a strong economic center on Maryland’s Eastern Shore. Its leading industries include manufacturing, transportation and logistics, and value- added agriculture. The county offers a sizable technical workforce that is well suited to meet the needs of advanced manufacturers. Its location on major transportation arteries that serve the Mid-Atlantic region has helped Caroline County become a major logistics hub, especially for the agricultural industry. Caroline County has three industrial parks in the town of Federalsburg and one in the town of Denton (the county seat).

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[ultimate_info_table design_style=”design06″ color_scheme=”custom” color_bg_main=”#ffffff” color_bg_highlight=”#2d2d2d” color_txt_highlight=”#ffffff” package_heading=”DISTRICT OF COLUMBIA” package_sub_heading=”BRIEF ECONOMIC FACTS” icon_type=”custom” icon_img=”10880″ img_width=”95″ use_cta_btn=”true” package_btn_text=”Download the Brief” package_link=”url:http%3A%2F%2Fthreeeconsultinggroup.com%2F~threee7%2Fwp-content%2Fuploads%2F2017%2F04%2FWashington-DC-November2016.pdf|||” subheading_font_color=”#b89c36″ heading_font_size=”desktop:18px;” subheading_font_size=”desktop:14px;” css_info_tables=”.vc_custom_1522719096075{padding-bottom: 15px !important;}”]On nearly every measure, the capital is exceptional. At 5.9%, Washington’s unemployment rate is easily the lowest among America’s large metropolitan areas. That is down from a recession high of just 7%, well below the national peak of 10.1%. Employment in the metro area has risen by about 84,000 over the past year—roughly 6% of America’s job growth, in a region with just 2% of its population.

Incomes are high and rising, and the combination of job and income growth has buoyed a property market that was battered by the housing bust. House values in most cities fell in the year to January, according to the S&P/Case-Shiller index of prices. But whereas an index of prices in 20 large cities dropped 3% during that time, values in Washington rose 3.6%.[/ultimate_info_table]

[ultimate_info_table design_style=”design06″ color_scheme=”custom” color_bg_main=”#ffffff” color_bg_highlight=”#2d2d2d” color_txt_highlight=”#ffffff” package_heading=”WASHINGTON COUNTY” package_sub_heading=”BRIEF ECONOMIC FACTS” icon_type=”custom” icon_img=”10896″ img_width=”95″ use_cta_btn=”true” package_btn_text=”Download the Brief” package_link=”url:http%3A%2F%2Fthreeeconsultinggroup.com%2F~threee7%2Fwp-content%2Fuploads%2F2016%2F12%2FWashingtonBef.pdf|||” subheading_font_color=”#b89c36″ heading_font_size=”desktop:18px;” subheading_font_size=”desktop:14px;” css_info_tables=”.vc_custom_1522718797420{padding-bottom: 15px !important;}”]Washington County is a major industrial and transportation hub in the Mid-Atlantic
region. Interstates 81, 70 and 68, coupled with excellent rail service, provide easy market access. The Hagerstown Regional Airport is a fully instrumented air eld with the second-longest commercial runway in the state. In fact, assets such as the airport helped the county earn recognition as one of the country’s “Top Five Defense Destinations” by Expansion Solutions magazine. Hagerstown, the county seat
and business center, is Maryland’s sixth largest city and is easily accessible to both Baltimore and Washington, D.C.[/ultimate_info_table]

[ultimate_info_table design_style=”design06″ color_scheme=”custom” color_bg_main=”#ffffff” color_bg_highlight=”#2d2d2d” color_txt_highlight=”#ffffff” package_heading=”TALBOT COUNTY” package_sub_heading=”BRIEF ECONOMIC FACTS” icon_type=”custom” icon_img=”10895″ img_width=”95″ use_cta_btn=”true” package_btn_text=”Download the Brief” package_link=”url:http%3A%2F%2Fthreeeconsultinggroup.com%2F~threee7%2Fwp-content%2Fuploads%2F2016%2F12%2FTalbotBef.pdf|||” subheading_font_color=”#b89c36″ heading_font_size=”desktop:18px;” subheading_font_size=”desktop:14px;” css_info_tables=”.vc_custom_1522718755481{padding-bottom: 15px !important;}”]Talbot County is surrounded by the Chesapeake Bay with ve river systems, agricultural elds and forested wetlands that provide a stable base for selected business growth. Talbot County targets aviation and marine services, agriculture, food production, expanding healthcare services, small manufacturing, test labs and technologies that monitor the environment as sectors for growth. Located just east of the I-95 corridor on Maryland’s Eastern Shore, Talbot County offers a strategic location within 70 miles of Washington, D.C. and has access to more than 90 federal labs and research facilities within a 90-mile radius.[/ultimate_info_table]

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