The I-270 corridor is home to one of the nation's largest biohealth concentrations, which led REDI to partner with economic development and educational groups in Montgomery and Frederick counties to create the 270 Corridor Collaborative. The partnership aims to promote the vibrancy and importance of the biohealth industry to Rockville and the entire National Capital region.

 

In November the Collaborative organized a lunch-and-learn event for companies to gain insights into the opportunities and pitfalls of entering the global marketplace. Nearly 50 attendees heard from experts at the Maryland Department of Commerce, US Export Assistance Center, and the Maryland Israel Development Center on how companies can leverage resources to fund and market their international ambitions. 

Additionally, the head of a local biohealth company shared both the success stories and the growing pains he experienced by introducing products to several continents.

 

A key takeaway from the panel discussion was for companies to be diligent in their research of foreign markets, particularly local customs/laws and potential partners in those countries, as mistakes can prove costly to your ambitions. 

For more information on the partners involved in the 270 Corridor Collaborative, visit www.270BioMd.com .

55,000 SF Purchased by Owner-User at 6 Taft Court

The vacant 55,350 SF building on the City's east side was purchased for $5,000,000 by a group of investors with plans to use the majority of the space for senior and child day care facilities. The remainder of the building will be available for lease.