FY2023 Adopted Operating and Capital Budget

FY2023 Adopted Budget Organizational Budgets

County Administrative Services

Office of Economic Development (OED) Mission Statement Increase the overall economic health of Frederick County through attracting new businesses in our targeted industries and helping existing businesses be more successful.

OED serves as the primary contact for the business community, with a focus on job creation and commercial capital investment. OED works to attract new businesses to the county, retain and grow existing businesses, and assist entrepreneurs and small business. Targeted industries include Biosciences, Computing and IT, Hospitality and Tourism, Professional, Engineering, Scientific and Technical Services, Logistics & Distribution, Value-Added $JULFXOWXUH DQG 0DQXIDFWXULQJ 3DUWQHUVKLSV ZLWK WKH 0DU\ODQG :RPHQ¶V %XVLQHVV Center, the Small Business Development Center and Frederick Innovative Technology &HQWHU ,QF DQG 2('¶V 'LYHUVLW y and Inclusion programs s XSSRUW WKH &RXQW\¶V VWUDWHJLF focus on entrepreneurship and small business support.

Strategic Goals

County Strategic Goal Alignment: Business Retention and Expansion

Jobs Business retention visits including economic development and workforce partners

FY 2020 FY 2021 FY 2022 FY 2023

Total Business Retention Visits

Target Actual Target Actual Target Actual Target Actual

250 243 150 778 500

200 234 100 567 100

215

240

--

--

Assistances given to our business community (includes COVID grants) Jobs created through expansion assistance

100

100

--

--

150

150

2413*

2231*

--

--

Diversity and Inclusion events

6 6

6 6

6

8

--

--

* Impacted by COVID-19

192