MoCo Announces 4 Percent Job Growth Rate

County Director of Economic Development Steve Silverman smiles at a groundbreaking ceremony for a downtown office development (file photo)Montgomery County today announced its workforce has increased by nearly 25,000 jobs since 2010, a 3.9 percent growth rate that a press release pointed out tops Fairfax County and Washington D.C.

Many have criticized Montgomery’s business climate because of perceived regulatory hurdles in the zoning approval process and Virginia’s willingness to provide tax incentives to major companies. The release notes the 3.6 percent job growth rate in Fairfax City and County and the 2.8 percent job growth rate in D.C.

The Department of Economic Development made the announcement, using data from consultant Economic Modeling Specialists Intl.

“The positive job growth in the county from 2010-2012 is good, but we can’t stop there,” County Executive Isiah Leggett said in the release. “We can do even better.”

He said the county’s Economic Development staff is working proactively with large, small, public and private businesses and entities to help with grants, loans and assistance with permits, zoning and site selection.

Professional, scientific and technical services accounted for a boost of almost 5,300 jobs, making it Montgomery’s top job-gaining sector. Government, retail trade and health care/social assistance each added more than 3,000 jobs during the three-year period.

Capitol One, which has offices in Bethesda, added almost 300 jobs, according to the county. The Bethesda-based Henry M. Jackson Foundation added more than 200 jobs.

The Department of Economic Development and the Conference and Visitors Bureau of Montgomery County recently partnered to produce a three-minute promotional video that aired last month on US Airways and American Airlines flights.


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