MCEDC Shares Positive Economic News, Acknowledging Federal Agencies as Key
The Montgomery County Economic Development Corporation (MCEDC), an FLC Partner, last week shared positive economic news in an announcement that mentioned federal agencies as key regional business drivers. The county's 1.5% unemployment rate in June was the lowest since 1990 and significantly lower than the national average of 3.8%.
“It is extremely gratifying to see these positive trends in our economy,” said Montgomery County Executive Marc Elrich. “These trends are a sign that businesses are coming back following the height of the COVID-19 pandemic. We are fortunate to have a diverse economy that is anchored by several federal agencies, a strong biotech industry as well as travel and tourism. We collectively support our businesses to build a stronger economy as we continue post-pandemic recovery efforts.”