Montgomery County Executive Elrich, Council President Katz and Business Leaders Announce COVID Economic Recovery Roadmap

You can read the full announcement here, but here’s a quick summary of the Economic Advisory Group’s four key objectives as the foundation for this long-term strategic effort for the County:

  • Developing and retaining a skilled talent pipeline for businesses, including offering retraining opportunities.
  • Reimagining economic development to compete in the future through improved governmental processes that support business growth and expansion, development and transportation infrastructure growth and expanding housing at all income levels.
  • Addressing awareness of, access to and availability of capital to help existing enterprises succeed and attract new business investment.
  • Supporting key industry sectors that are critical to the County’s economy and quality of life, including restaurants, entertainment and hospitality.

It was great to see White Flint mentioned in the announcement:

“The EAG made important recommendations, including ones to replace impact taxes with development districts and to create a postgraduate research center at White Flint. Work on the research center has already started. The report also acknowledges that the County’s greatest housing needs are for people earning below the median income. One of the immediate actions recommended in the roadmap is a four-week “Bio Boot camp” that is designed to help retrain out-of-work residents and provide businesses with the workforce they need.