Relocate: Maryland

MONTGOMERY COUNTY, MARYLAND, IS A GREAT MONTGOMERY COUNTY Montgomery County Office of Economic Development 111 Rockville Pike, Suite 800 Rockville, MD 20850 240-777-2000 www.montgomerycountymd.gov Lisa Helfert place to live, learn, start a business, and raise a family. The county is truly the Smart Business Location for innovative and diverse businesses emerging from around the corner and around the world. Montgomery County’s economy continues to thrive, with over 466,645 total jobs and one of the region’s and nation’s lowest unemployment rates. Centrally located at the epicenter of the region’s federal and advanced-technology marketplace, Montgomery County is literally next door to the nation’s capital and home to: • Over 200 biotech companies • The highest concentration of Ph.D.s in the nation • More than 100,000 advanced-technology workers • Nineteen federal research and regulatory agencies • More entrepreneurs than any other jurisdiction in the nation • The largest number of women- and Asian-owned businesses in Maryland • Half of all Hispanic-owned businesses in Maryland • The second-largest and fastest-growing number of African-American-owned businesses in Maryland Montgomery County is two hours or less by air from 60 percent of the U.S. and Canadian population. We have three major airports offering 476 weekly nonstop flights to 35 destinations in 30 foreign countries. Many federal agencies, including the National Institutes of Health, the Food and Drug Administration, and the National Institute of Standards and Technology (NIST), call us home. So do industry leaders like Discovery Communications, Hughes Network Systems, Human Genome Sciences, Lockheed Martin, Marriott International, and MedImmune. Also: • Our highly-successful Business Innovation Network nurtures and grows young entrepreneurs into thriving county employers (locations include: Rockville Town Center, Shady Grove, Silver Spring, and Wheaton). • Our nationally renowned 93,000-acre Agricultural Reserve helps protect, promote, and support our diverse agribusinesses. • Our award-winning Small Business Mentorship Program pairs new business owners with successful business leaders. • Our Local Small Business Reserve Program helps ensure that local businesses get their share of county procurement contracts. Montgomery County continues to promote the creation of high-quality technology jobs throughout the county. More than 106,600 private-sector technology jobs account for nearly one-quarter of the county’s total job base, and between the second quarters of 2005 and 2006, our biotechnology cluster grew at a rate almost twice the national average. Today, the county is home to nearly 6,000 biotech R&D, pharmaceutical, and manufacturing jobs. POPULATION 2005 Estimate: 932,050 2010 Projection: 987,000 Rail: 12 Metrorail stations, including three of the system’s busiest stops. Amtrak, MARC and CSX Transportation offer long-distance passenger and commuter service as well as freight rail service. CLIMATE Yearly Precipitation (inches): 43.1 Yearly Snowfall (inches): 14.3 Summer Temperature (degrees F): 73.1 Winter Temperature (degrees F): 34.2 Duration of Freeze-Free Period: 190 days HOUSING Median Selling Price: All owner-occupied properties (2007): $437,750 All multiple-listed properties (2006): $439,000 RECREATION AND CULTURE PERSONAL INCOME TRANSPORTATION Per-Capita Personal Income (2005): $59,953 Highways: I-270 (“The Technology Corridor”), I-370, I-495, and U.S. Route 29; ten-minute access to I-95. Visit www.cvbmontco.com/www.MarylandLife.com LABOR AVAILABILITY (by place of residence, 2006) Civilian Labor Force: Total civilian labor force: 519,688 Employment: 504,751 Unemployment: 14,937 Unemployment rate: 2.9% Employment in selected occupations: Management, professional and related: 278,665 (56.3%) Service: 68,188 (13.8%) Sales and office: 100,127 (20.2%) (Maryland Department of Labor, Licensing and Regulation, Office of Workforce Information and Performance; U.S. Bureau of the Census) Residents commuting outside the county to work: 198,094 (40.0%) Production, transportation and material moving: 20,844 (4.2%) TOP FIVE EMPLOYERS Employer National Institutes of Health U.S. Food and Drug Administration Lockheed Martin Adventist Healthcare National Naval Medical Center Product/Service Medical research R&D and standards Defense, aerospace & electrical Medical services Medical services Employment 17,627 7,700 7,282 6,741 4,900 EDUCATION Educational Attainment- age 25 and over (2006) High School Graduate or Higher: 91.6% Bachelor’s Degree or Higher: 56.8% Public Schools: www.montgomeryschoolsmd.org Number: 129 Elementary, 38 Middle, 26 High Enrollment: 137,814 (Sept. 2006) Cost per Pupil: $12,647 (2005-2006) Private Schools Number: 260 Enrollment: 39,820 (Sept. 2006) Students per Teacher: 14.2 (Oct. 2006) High School Career/Tech Enrollment:14,588 (2007) High School Graduates: 9,944 (June 2006) continued on page 37 36 RELOCATE MARYLAND 2008 http://www.montgomerycountymd.gov http://www.cvbmontco.com http://www.MarylandLife.com http://www.montgomeryschoolsmd.org

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Relocate: Maryland Contents Maryland Map Welcome! Real Estate: Its Contribution to the MD Economy Why Use a REALTOR® What does BRAC Mean to Maryland? Allegany Anne Arundel/Annapolis Resources Baltimore County Baltimore City Calvert Caroline Carroll Cecil Charles Dorchester Frederick Garrett Harford Howard Kent Montgomery Prince George’s Queen Anne’s Somerset St. Mary’s Talbot Washington Wicomico Worcester/Ocean City

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