Knowledge-based businesses, with a high concentration in research and development as well as government contracting, drive Montgomery County’s economy.
Leading industry clusters such as life sciences, information technology, and healthcare benefit from a highly educated workforce and the contracting and research opportunities with the U.S. government.
In addition, the county has a large presence of hospitality companies, financial services, agriculture/horticulture businesses and construction/real estate corporations.
Companies in the county range from large publicly-held corporations to entrepreneurial start-ups.
| Jobs in 2014 511,201 0% above national average |
% Change, 2009-2014 1.2% The nation: 4.9% |
Average Earnings/Job in 2014 $76,698 The nation: $58,057 |
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| Region | 2009 Jobs | 2014 Jobs | % Change |
| 505,008 | 511,201 | 1.2% | |
| Sources: EMSI, 2013.4—Industry Overview for Complete Jobs (QCEW, non-QCEW and Self-Employed). Maryland Department of Labor, Licensing and Regulation. Monthly Labor Review, October 2014 | |||