Montgomery County Economic Development Corporation

About Montgomery County Economic Development Corporation

Montgomery County Economic Development Corporation (MCEDC) is dedicated to attracting, retaining, and expanding businesses in Montgomery County, Maryland. Their mission is to drive growth and innovation in key industries, leveraging the county's dynamic and diverse economy, top-tier talent, global connectivity, and sustainable practices to support business success.

Products & Services

Economic Development Services:Comprehensive market intelligence, tailored site selection support, and specialized assistance for businesses looking to establish or expand in Montgomery County, MD.

MCEDC Data Tool:A resource providing market insights and data visualizations to help businesses understand the economic landscape and opportunities in Montgomery County.

Consultation Services:Personalized consultations to connect businesses with opportunities for growth and innovation in the county.

Support for Key Industries:Focused support for industries like Life Sciences, Technology, Real Estate, Hospitality, Nonprofits, and Corporate HQs, offering unique opportunities and resources.

Incentives and Job Creation Fund:Financial incentives and funding programs to encourage business expansion and job creation in Montgomery County.

Specialties

Life Sciences Technology Real Estate Hospitality Nonprofits Corporate Headquarters

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Various (including Venture Capital, M&A, Private Investment, and IPO) T: - FT: Various (including Venture Capital, M&A, Private Investment, and IPO)	A: 2200000000 MR: - FA: more than $2.2 billion FAN: 2200000000	D: 2024-01-24 FD: 2024-01-24	-

Various (including Venture Capital, M&A, Private Investment, and IPO) Latest

2024-01-24

$2.2B

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

A

Anthony Featherstone

Executive Director, WorkSource Montgomery (Ex Officio)

LinkedIn (Pro only)

K

Kelly Groff

President & Chief Executive Officer

LinkedIn (Pro only)

R

Rich Madaleno

Chief Administrative Officer, Montgomery County Government

LinkedIn (Pro only)

F

Frankie Clogston

Vice President, Research & Policy

E

Elana Fine

Chair and CEO, VWG Wealth Management

J

Jennifer Hsin

Vice-Chair, Partner at CNF Investments, LLC

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