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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jun 13, 1992
Page
8
Frederick County boasting a diversified economy with over 50,000 workers and hundreds of companies contributing to taxes and payroll. The Board of County Commissioners pledges to welcome new businesses, create viable jobs, and shape a positive future for the community led by Ronald Sundergill and colleagues.
Frederick County ranks among the nation's fastest growing business centers per the Wall Street Journal as the 11th fastest for small business job growth. The county offers easy highway access, a large urban and retail footprint, three major airports within an hour, low commuter gridlock, ample modern campuses, 20 percent lower space costs than adjacent counties, a shift of companies from Montgomery County, leading edge fiber optics by 1993, skilled workforce, and a high livability factor guiding orderly growth and lifestyle preservation.
Frederick County Economic and Community Development Commission promotes a healthy diversified economy. It offers services and partnerships to help local companies grow, attract new firms, and expand operations. Contact Winchester Hall for resources, programs, and materials.
Frederick County's labor force totals 80,833 with 50,734 employed locally. One third commute outside the county, but out-commuting declines as local jobs grow. cross-border workers from Montgomery and Washington counties as well as PA and WV add to the pool. The county shows skilled, educated workers with 20% holding bachelor degrees, 80% with high school or better, and 41% in administrative or support roles. Services and trade employ 51% as high tech gains rise, aided by Fort Detrick NCI NIH proximity attracting biomedical firms.
Private employers in Frederick County have expanded 88 percent to over 3 610 companies. Over five years investments exceed 600 million dollars and about 9 000 new jobs have been created. Employment rose 67 percent since 1980, with an average of 1 800 new jobs formed yearly since 1983.
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