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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jun 04, 1994
Page
6
Frederick County Maryland sits on the Boston Atlanta corridor with a thriving economy. The area boasts many multinational corporations and high per capita income ranking. It ranks among the nation’s top counties for employment growth, property value, and population increase with strong schools low crime affordable housing and wide parkland.
A regional consortium, the Suburban Maryland Technology Council, connects Frederick, Montgomery, and Prince George's counties to boost networking, education, and problem solving among private tech firms, government labs, and higher education. CEO roundtables aid executives in sharing management and strategic planning concerns. ECDC members provide resources and information to strengthen the high tech labor pool. For membership and events, contact the ECDC.
Burton Kummerow, former reenactor, named executive director of the National Museum of Civil War Medicine, which plans a Frederick Maryland opening in 1995. A $60,000 Alliance Bank loan, backed by local and national banks, funds startup and renovations for the museum based on Gordon Dammann’s 3,000-item collection. The project aims to attract tourists, boost downtown business, and showcase mercy and healing themes from Civil War medical history.
Maryland officials awarded 1.5 million in MILA loans to International Software Services, Inc. and Air Technology Systems, Inc. to support expansion in Frederick County. The effort involved the Frederick County Board of County Commissioners, the State Department of Economic and Employment Development, and the Frederick County Economic and Community Development Commission. Maryland National Bank contributed a large share of funding, and MILA helped secure the remaining financing amid a soft economy and tighter funds.
Frederick County's livability and infrastructure attract new business while supporting existing firms to expand. Careful planning and fiscal responsibility preserve quality of life as the Economic and Community Development Commission communicates county benefits and assists firms. County commissioners will continue collaboration with ECDC to sustain growth.
Summary of 1993 Frederick County data includes median household income per capita, educational attainment, high school graduation rates, public school enrollment, number of public schools, FY94 public school budget, and per pupil expenditures. Also covers labor market by local workforce, government and private industry, major employers such as Fort Detrick campus, Frederick Memorial Hospital, Prudential Home Mortgage, Standard Federal Savings Bank, and State Farm Insurance. Sources: Frederick County Planning Dept and Board of Education, US Census.
ECDC director Donald R Date urged critical gap funding for banks to back business expansion. He cited cooperative initiatives like MILA as a means to strengthen the local economy and create employment opportunities for citizens.
An analysis shows Frederick Municipal Airport generates 42.6 million dollars annually in local economic activity, with 700 plus jobs across a 648 acre site. The airport, opened in 1949 and now a Baltimore Washington reliever, handles about 17 000 takeoffs and landings monthly and hosts firms like Amoco Solarex Leggett Lowe s Ground Round AOPA Averico and regional universities.
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