What We Do

At the Frederick County Office of Economic Development (FCOED), our mission is to sustain, diversify and grow Frederick County’s vibrant economy by providing leadership and resources for businesses to start, locate and expand.

Since 2017 FCOED has worked with 633 prospective businesses, visited 1,424 businesses and assisted 9,973 businesses. FCOED services include but are not limited to: business expansion and location assistance, incentive/funding resources, workforce recruitment and training programs, permitting/zoning assistance, marketing and public relations assistance, diversity and inclusion EmPOWER Program, business networking and industry connections, demographic and business data.

FCOED strategically repositioned into 4 teams to better align with the Growth Opportunity Strategy and better serve the business community. Four functional teams comprise FCOED.

  • Business Retention, Expansion and Marketing 
  • Agriculture
  • Business Attraction and Finance 
  • Workforce Services

This structure reflects the principal focus areas of the Growth Opportunity (GO) Strategy that guides FCOED. Commissioned in 2018, The Jacob France Institute evaluated Frederick County and identified workforce development, infrastructure planning, targeted industry growth and branding as focus areas.

Click here to view the FCOED Division Org Chart

Business and Job Growth

With a $12.2B economy, Frederick County is home to 6,665 businesses that employ 102,602 people.  The number of businesses increased 3.4% and jobs increased 3.7% since 2017. As of May 2022, the County unemployment rate of 3.2% remains below the Maryland 3.7% rate and national rate of 3.6%.

Creating jobs helps the economy by GDP. When an individual is employed, they are paid by their employer. This results in them having money to spend on food, clothing, entertainment, and in a variety of other areas. The more an individual spends, the more that demand increases. When demand for a product or service increases, companies increase their output to meet the increased demand. Companies do this by investing more and hiring more workers. More workers start the cycle over, with there being even more money spent in the economy, increasing demand further. – Investopedia

  Prospects Business Visits   Business Assists
2021 112 233 2,231
2020 96 243 2,413
2019 124 264 2,328
2018 106 284 2,501
2017 195 400 500
Total   633 1,424 9,973

From 2017 to 2021, the Frederick County Office of Economic Development’s top economic development projects added 5,530 jobs and 4,672,775 SF.

  Jobs Square Feet Acres
2021 Selected Company Locations & Expansions 804 886,896 2,133
2020 Selected Company Locations & Expansions 1,460 1,748,581 -
2019 Selected Company Locations & Expansions 1,427 883,456 -
2018 Selected Company Locations & Expansions 652 266,242 -
2017 Selected Company Locations & Expansions 1,187 887,600 -
Total 5,530 4,672,775 2,133

Click here to read testimonials from Frederick County businesses.

Employment Categories

A Diversified Economy Is a Resilient Economy

Diversity measures the number of industry and occupation types in a region and the evenness of employment across these industries and occupations. Diversity is an important topic for economic developers who are focused on economic resiliency and growth. -Emsi

Frederick County boasts a diversity of employment opportunities with a wide spectrum of industry sectors.

This is one of the factors of stability which is a source of strength in our economy with Professional & Business Services, Trade Transportation & Utilities, Education & Health Services and Government being the top industries.

*Consists of 9% Local, 1% State and 4% Federal

Value Added Agriculture and Craft Beverage

Frederick County is Maryland’s largest agricultural county  with the most number of farms and farmland acres.  

Ag Innovation Grant

The intention of the Agricultural Innovation Grant is to improve economic viability of the agriculture industry by encouraging Frederick County’s agricultural producers to expand or diversify their business operations. The award recipients are selected by a committee consisting of bankers, lenders and Ag industry reps.

Round 1

  • 29 applications submitted requesting $1,230,095
  • Funded 14 projects for $306,414

Round 2 

  • 33 applications submitted requesting $1,448,922
  • Funded 10 projects for $198,439.50

Round 3

  • 65 applications submitted requesting $3,183,274
  • Funded 9 for $524,382

To read more about grant recipients visit https://www.homegrownfrederick.com/blog

Craft Beverage Growth

Frederick County leads the State in the combined number of wineries, breweries and distilleries. The County is home to the first farm brewery, Milkhouse Brewery at Stillpoint, first meadery, Orchid Cellars Meadery & Winery, and first cidery in Maryland, Distillery Lane Ciderwoks. Frederick County is also home to largest winery, Linganore Winecellars, and largest brewery, Flying Dog, in the state. From 2017 to 2022, the craft beverage industry in Frederick County grew 39%.

Frederick Real Estate Dealmaker (FRED) Awards 

Each year, FCOED hosts the FRED Awards to honor the most successful commercial real estate transactions and projects each year– and the people who made them happen.

There is a lot of work that goes on behind the scenes when businesses locate or expand in Frederick County. The teams behind the deals include commercial real estate agents, architects, engineers, general contractors, building owners, and the companies. They put in countless hours to ensure clients’ needs and deadlines are met. The commercial real estate projects honored celebrate the people who help grow our economy.

Click here to view past FRED Awards Winners

Business Appreciation Week

2021 marked 21 consecutive years of the FCOED Business Appreciation Week. This signature event is one of the oldest and largest business retention programs in Maryland. During this week FCOED visits over 100 businesses to answer questions, provide resources, and most of all, to thank them for choosing Frederick County. Business Appreciation Week 2022 is October 24-28.

Year Businesses Visited
2021 102
2020 106
2019 116
2018 109
2017 117
Five-Year Total 550

Workforce Services

A strong available labor force is critical for a strong business community. As a proud partner in the American Job Center network, Frederick County Workforce Services (FCWS) links businesses in need of qualified employees with individuals seeking employment opportunities.

Services for businesses include: placement assistance, job listing opportunities, customized employee training, access to funding for training, outplacement services, use of onsite facilities, and on-the-job training programs for new hires.

Services for job seekers include: career assessment and vocational counseling, computer and job search seminars, assistance with resume and interview preparation, career training scholarships, and access to hundreds of current job listings through the Maryland Workforce Exchange.

  2021 2020 2019 2018 2017 Total
One-stop services -  customers served 4,632 9,389 5,210 5,896 6,132 31,259
One-stop services - youth customers served 402 223 295 284 377 1,581
Job openings received 6,037 5,439 5,244 4,879 4,755 26,354
Frederick Business works projects (trainees) 17 61 84 90 45 297
Recruitment for business 115 100 110 80 5 410
Customized & onsite recruitment events 250 195 416 300 439 1,600

Bond Rating


Frederick County is one of only 49 counties in the nation to earn AAA bond ratings from all three bond rating agencies in 2021.  The bond review occurs every 18 months, and Frederick County also earned a AAA bond rating in 2018 and 2019.

In the 2021 reports, the rating agencies highlighted Frederick County’s “vibrant economy,” noting that the County Government had “performed extremely well through the pandemic.” 


Economic Impact Survey

In March 2020, FCOED immediately created an Economic Impact Survey to get a better understanding of the needs of the business community and followed-up by initiating virtual business retention meetings with the 300+ businesses that responded.

Business Grants

Beginning in May 2020, Frederick County Government pulled together a grants team made up of members from Economic Development, Finance, Interagency Information Technology and others to create processes for businesses to access grant dollars because they were facing unprecedented challenges with unexpected expenses and lower revenues. More than $16M was awarded to businesses.

FY20   $13,383,570
FY21 $3,140,814

Vacancy Rate

Commercial and Industrial Construction Costs

2021 $305,748,006
2020 $331,608,240
2019 $201,453,423
2018 $129,084,178
2017 $218,233,973
5 Year Average   $237,225,564

Main Streets

​Main Street Maryland is a comprehensive downtown revitalization program created in 1998 by the Maryland Department of Housing and Community Development.

The program strives to strengthen the economic potential of Maryland’s traditional main streets and neighborhoods. Designated Main Street Maryland communities have made a commitment to improve the economy, appearance and image of their traditional downtown business districts.

Click here to read more about the Main Street Maryland Program

Frederick County leads the State with six Main Street Communities


Frederick County ranks 1st in population growth in Maryland.

From 2010 to 2020 Frederick County’s population increased 16.4% making it the fastest growing county in Maryland. The 2021 Census population estimate is 279,835, or an additional 3% increase from 2020. 

Population and Employment Projections

Year Employment Population Households
2025 123,200  284,300 106,300
2030 128,600  304,500 115,400
2035 135,300 320,200 122,400
2040 141,100  334,600 128,100
2045 145,500  346,600 132,100


Both Frederick County’s Median Household Income ($100,685) and Per Capita Income ($44,273) continue to increase and remain higher than the State and Nation. Maryland's median household income is $87,063, making it the highest in the nation. The national median household income is $64,994. The per capita income for Maryland is $43,352 and the national per capita income is $35,384.


  • Frederick, MD was named the Hottest Housing Market in Maryland by Rocket Homes in 2021
  • The trend for median days on market in Frederick County has decreased from 8 days in 2020 to 6 days in 2021
  • Total units sold increased 10.4% with 6,169 units sold in 2021 compared to 5,588 units sold in 2020

Housing Permits

The number of new housing units authorized by building permits.

2021 2,774
2020 2,590
2019 2,382
2018 2,038
2017 1,873
5 Year Average   2,331

Looking Forward to the Next 10 Years

The impact of FCOED is to:

  • Strengthen Frederick County’s economic foundations
  • Enable the County to sustain the diversity of its industry and employment base
  • Raise performance in driving high quality economic growth
  • Build upon the County’s mix of industry clusters

Computing and Information Technology
​Hospitality and Tourism
Professional, Engineering, Scientific & Technical Services
Transportation, Distribution and Logistics
Value Added Agriculture

For more information contact FCOED at 301-600-1058 or email info@discoverfrederickmd.com.