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Top Economic Development News
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We may only be a few weeks into the new calendar year, but our team has already laid the groundwork for a great year of economic development. In partnership with Frederick Magazine, the 3rd edition of Top 50 Frederick has been published, and we are excited to reveal Frederick County's Top Workplaces along with our 2019 Annual Report. Read about our economic development successes and get a preview of what we have in store for 2020.
This month we share the news of our newest ROOT tenant, the results of the 2nd Pitch Competition and we get to know Thurmont's Economic Development Manager, Vickie Grinder. Read about OED's restructuring and my economic development forecasts for 2020. In the coming weeks and months, I hope to reveal some exciting news. The year is already off to a great start, and we can't wait to see what else 2020 will bring!
Sincerely,
Helen Propheter, Executive Director of Economic and Workforce Development
Frederick County Office of Economic Development
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2019 OED Annual Report Now Available
Part of the Top 50 publication is our Annual Report. You can read up on the numbers from 2019 and see how 2020 is looking in Frederick County. (Spoiler alert: We're definitely still feeling the Good Vibes in 2020)
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Frederick's Top 50 Workplaces Revealed
Who made our list of the Top 50 Workplaces in Frederick County?
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Free Business Pitch Video Earns More Than $1,000 in Prizes for One Local Company
The 2nd Video Pitch Competition took place on January 13th. Find out who won Judges' Choice, People's Choice, and watch the winning video.
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Economic Development Trends in 2020 with Helen Propheter
An in-depth, behind the scenes look into what OED's Executive Director of Economic and Workforce Development has to say.
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ROOT Gains New Tenant as Mount St. Mary's University Signs Multi-Year Lease
Mount St. Mary's University is the newest tenant at ROOT, the award-winning business innovation hub in the heart of Downtown Frederick.
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Main Street Program Q&A with Vickie Grinder, Economic Development Manager for the Town of Thurmont
We warp up our Main Street Program Q&A with Thurmont's Economic Development Manager.
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OED Strategic Realignment
OED Strategically repositioned into 4 teams to better align with the Growth Opportunity Strategy and better serve the business community.
- Business Retention and Expansion (BRE)
- Agriculture (Ag)
- Business Attraction and Marketing (BAM)
- Workforce Services (FCWS)
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Ag Spotlight - Frederick County Ag Week at the Mall is coming to Francis Scott Key Mall February 17the to 22nd with lots of different agriculture activities for all to enjoy. Mark your calendar now!
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FREDERICK'S TOP 50 WORKPLACES
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ADTEK Engineers, Antietam Technologies, ArachnidWorks and Asbury Communities
are the Top 50 Workplaces highlighted this month.
The Top 50 Workplaces were selected by evaluating employee testimonials and each workplace's unique strategies to attract and retain top talent. The final list also included criteria based on the company's individual responses on the following: company's median salary, benefits offered to employees, community involvement, work environment, professional growth opportunities and work-life balance.
MORE
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50 Citizens Way
Frederick, MD 21701
$18 Plus NNN
Zoning: Downtown Commercial Residential (DB)
Year Built: 2007
7,948 SF of 4-Star Office Space
Fantastic location in the City of Frederick. Direct access to Carroll Creek Linear Park & Business District. This Class A building offers private office suites as well as flex space and encompasses several amenities including a covered Sky walk to the parking garage. These suites offer magnificent views surrounded by restaurants, specialty retail and banking.
Contact Information:
Justin Saltzman
VCRE
301.639.5894
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4 E Main St
Middletown, MD 21769
$299,000
Lot Size 0.19 Acres
3 Stories
Land Size: 8,457 sf
Building Size: 7,267 sf
Zoning: TC Town Commercial District
Year Built: 1915
Located on the historic National Road, and within the Middletown Historic District, proudly stands Memorial Hall, marking the distinct entrance into the commercial core of Middletown, Maryland. Constructed as a memorial to local service men who served in WWI, this building served the local community for many years. Designed by Edward Leber, an architect from York, PA, it encompasses flexible office/meeting spaces on both floors and a theater on the first floor. Memorial Hall became the local spot to catch concerts, musicals, plays, and movies in the 1920s. The local high school held dances in the luxurious upstairs room. Later, the building served as the home for the local Volunteer Fire Company until the mid-1970s. It also served as the public library, American Legion Post, and as overflow classroom space when the new high school was constructed.
While the theater stage may be gone, the space of the building is very adaptable. The front rooms are full of natural light, much of its original woodwork, trim, and even some rare lighting fixtures remain intact.
Memorial Hall is located within a National Register Historic District and a Main Street Community, with opportunities to pursue historic tax credits and facade improvement funds through the nonprofit, Main Street Middletown, MD Inc.
Middletown, MD is a desirable community for its convenient location, top-ranked public schools, beautiful rural setting, and abundance. Memorial Hall is ripe for rehabilitation and looking to once again, serve this community.
Contact Information:
Tony "C" Checchia and/or Maria Boffman
VCRE
301.471.8669
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- Frederick County Unemployment 2.8% (Nov 2019)
- Maryland Unemployment 3.2% (Nov 2019)
- 106,415 employed in Frederick County (2019 2nd Qtr)
- Frederick County Employment in research and development in biotechnology has grown 10% in the last two years.
- Commercial and Industrial Construction Costs for 2019 $201M (2019)
- 2,382 Housing Permits Issued (2019)
- $12.4B GDP (2018)
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PARTNER SPOTLIGHT
Frederick County GIS
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OED guest blogger, Austin Williams, discusses the GIS web portal which allows access to web mapping applications, property explorer and other useful tools.
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Minority Business Vision Networking
January 16 @ 5:00pm
SBDC Wordpress Website
January 17 @ 10:00am
Frederick County Chamber of Commerce Generation Connect: Grow Your Financial Independence
January 28 @ 5:00pm
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