Business Community

Montgomery County’s dynamic business community is thriving!

Our companies enjoy a unique proximity to Washington, D.C., a convenient transportation network, highly trained workforce, distinct neighborhoods, vibrant and diverse recreational amenities, and one of the best public school systems in the nation.

We invite you to learn more about our:

  • Industry Sectors:  A mix of industries including biotech, IT, government contracting and more!
  • Demographics:  Key economic data about our population
  • Leading Employers:  Our list of notables includes Discovery Communications, Lockheed Martin, Marriott International, Choice Hotels, MedImmune, TV One, BAE Systems, Hughes Network Systems and GEICO
  • Workforce: Education levels and training opportunities
  • Federal Government:  Proud home to 18 federal agencies and installations
  • Education/Academia:  Our renowned public education system and higher education institutions
  • Business Incubators:  A network of facilities and assistance to support emerging enterprises
  • Local Business Organizations:   Chambers of Commerce and other business development organizations
  • National Associations & Foundations:  More than 100 national associations and foundations are headquartered in Montgomery County

Montgomery County at a Glance

Payroll establishments 33,000
Non-employer establishments (2009) 92,634
Number of jobs (complete) 643,332
Civilian labor force (avg 2011) 516,751
Residents working in Montgomery County 60%
Unemployment rate (avg 2011) 5.2%
Montgomery County Employment by Industry (2011)
Professional and business services 24.65%
Government 14.20%
Education and health services 13.57%
Trade, transportation, and utilities 12.03%
Financial activities 11.88%
Leisure and hospitality 7.61%
Other services 5.70%
Construction 5.19%
Information 2.76%
Manufacturing 2.13%
Agriculture, natural resources, and mining 0.29%
Total number of firms (2007) 115,471
Black-owned firms, %, 2007  12.4%
Asian-owned firms, %, 2007 12.1%
Hispanic-owned firms, %, 2007  10.0%
American Indian and Alaska Native- owned firms, %, 2007 0.7%
Native Hawaiian and other Pacific Islander-owned firms, %, 2007     0.1%
Foreign-owned firms 135
Woman-owned firms, %, 2007 32.4%
Commercial Real Estate (Q4, 2011)
Office Space (sq. ft.) 69 million
Office vacancy rate
With sublet space
Industrial/flex space (sq. ft.) 30.6 million
Industrial/flex vacancy rate
With sublet space
Federal Procurement
Government Spending in Montgomery County (FY2010) $9.2 billion