New Market joins Downtown Frederick, Brunswick, Thurmont, and Middletown as communities with the statewide designation. Frederick County has the largest number of Main Street communities in Maryland.
In an effort to expand business attraction services, OED along with other partner organizations hosted two bus groups to tour Frederick in October.
Frederick County, in collaboration with the City of Frederick and City of Brunswick, has launched a website to help connect investors with existing local ventures eligible for the Opportunity Zone incentive program. The Opportunity Zone program is a nationwide initiative administered by the U.S. Treasury and created under the 2017 Tax Cuts and Jobs Act.
OED worked with 184 companies in Fiscal Year 2018 who chose to locate or expand in Frederick County. The department helped to create 747 jobs and retain 976 existing jobs, representing more than $10M of capital investment to Frederick County.
The Town of New Market has been busy positioning their Main Street and historic district with economic development programs to continue to encourage business growth and enhance tourism.
Frederick's Top 50 Businesses is an inaugural, metrics-driven list of businesses who have the largest potential to contribute to Frederick's vibrant economy.
OED announces that Matt Doyle has joined its business development team.