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Economy

noun: a system of interaction and exchange

Montgomery County boasts one of the lowest unemployment rates and highest education levels in the nation. Proximity to the federal government generally insulates Montgomery County from recessions. While we still have one of the lowest unemployment rates in the nation, the current unemployment rate is higher than it has been in decades.

How can we maintain our stable federal employment base and create opportunities for an expanded creative and entrepreneurial economy?

QuickFacts

19number of federal and regulatory agencies in Montgomery County
220number of the state's 370 biotech firms in Montgomery County
526,485number of county residents 16 or older who are employed full or part time
67percent of Montgomery County female residents 16 or older who are employed full or part time

ReThink Speaker

To strengthen local economies, successful communities have cultivated locally based, creative, entrepreneurial enterprises. In his presentation, Shuman outlines the benefits of such enterprises, as well as strategies to stimulate the development of a local economy built on a foundation of locally owned businesses. He also details the role he sees for local governments to help create an environment that allows local businesses to thrive.
Speaker: Michael Shuman (Business Alliance for Local Living Economies). Watch. (May 13, 2010)

Learn more about the speaker series.

Past Speakers

Lee Sobel, Development and Finance Analyst with the U.S. Environmental Protection Agency. (05/14/2009)

Chris Leinberger, is a land use strategist, and developer who focuses on alternative methods of building the built environment. (05/29/2008)

Edward “Ned” Hill, Professor of Economic Development at the Maxine Levin College of Urban Affairs, Cleveland State University. (06/06/2007)

Robert Gibbs, has been a pioneer in reviving the community-oriented principles of traditional town planning and smart growth as an antidote to the alienating, formless sprawl of suburbia. (04/12/2007)

QuickLinks

Department of Economic Development
the County’s DED works to create a globally diversified, knowledge-based economy

Economic Indicators
measure how we’ve been doing

Richard Greene's blog
comments from Professor Richard Greene

CalculateRISK Finance and Economics
finance perspective on everything from shopping malls to Moody’s