FY2021 Adopted Budget

FY2021 Adopted Budget County Profile

Today

Frederick today is growing a widely diversified $11 billion economy. The county hosts a high concentration of highly educated workers, a world-class bioscience and advanced technology sector, and a solid manufacturing and agriculture tradition that blends a rich heritage. Frederick County has the highest concentration of private sector life science employment in the state. It is home to the National Cancer ,QVWLWXWH /HLGRV %LRPHGLFDO¶V )UHGHULFN 1DWLRQDO /DERUDWRU\ IRU Cancer Research, and the U.S. Army Medical Research and Materiel Command at Fort Detrick.

The county has a diverse industry mix including agriculture and technology, and is a leader in craft beverage sector growth. Significant recent projects include: the locations of Kite Pharma, Health Well Foundation and Dunkin Donuts Centralized Kitchen; and expansions of TEI Electrical Solutions, Stulz Air Technologies, and Dairy Maid Dairy. With a strategic location, highly educated workforce, lower cost of business relative to other locations in the region and a comprehensive transportation network, Frederick County is a prime location for businesses. County features include attractive housing options, a high-performing public school system and a low crime rate with state-of-the-art healthcare opportunities.

McClintock Distillery

Recent County Achievements: ƒ 2018 Fastest Growing City in the D.C., Maryland, Virginia Region (Frederick #1) U.S. Census Bureau ƒ 2018 Top 20 Most Vibrant Arts Communities (Silver Spring- Frederick-Rockville #8) National Center for Arts Research ƒ 2018 Most Affordable Places to Live in Maryland (Frederick #1) Livability.com ƒ 2017 Top 100 Best Places to Live (Frederick #24) Livability.com ƒ 2017 Top Cities for Recent Grads (Frederick #43) GoodCall.com ƒ 2016 Top Areas for Growth Potential (Frederick #8) Business Facilities ƒ 2016 Best Cities in the World for Craft Beer (Frederick #17) Matador Network

14