Montgomery County Wants To Chase Boston In Life Sciences. Elrich: ‘We Punch Below Our Weight

Montgomery County Wants To Chase Boston In Life Sciences. Elrich: ‘We Punch Below Our Weight

From Bisnow

When it comes to developing the fast-growing life sciences sector, Montgomery County Executive Marc Elrich wants to make something clear: He knows the county can do better.

“Montgomery County has, admittedly, a really bad reputation for handling development. We are working overtime to change that,” Elrich said at Bisnow’s Mid-Atlantic Life Sciences & Biotech summit on Tuesday. “We punch below our weight, and so my goal is to start punching at our weight.”

Currently, Montgomery County has one submarket in particular where it is directing state and county investment. Elrich said he is partnering with WMATA and the state of Maryland to develop 11.5 acres around the North Bethesda Metro station, formerly White Flint, joining buildings like 935 Prose Street to create a mixed-use life sciences hub.

That kind of urbanized development convinced Maryland Gov. Larry Hogan to “put skin in the game for the first time,” Elrich said, with a $16M investment to improve transportation and other infrastructure needs near  North Bethesda.

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Amy Ginsburg

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