Montgomery County Taxpayers League

The Voice of Taxpayers of Montgomery County, Maryland

Questions for meeting of November 15, 2017

Questions for the meeting of November 15, 2017

Topic:  “Montgomery County Economic Development Corporation:  Bringing Jobs to  Montgomery County?”

Speaker: David Petr,  President and CEO, Montgomery County Economic Development Corporation

Free and open to the public

The following questions sent to the speaker in advance of the meeting:

1. The Montgomery County Economic Development Corporation (MCEDC) has produced several publicity campaigns, including “Moco365,” “We are Montgomery County,” and “Think Moco.”  What has been the largest concrete accomplishment of these campaigns?  What particular businesses and quantifiable economic activity have they brought to the county?

2. Your previous experience includes:  President and CEO of the Central Florida Development Council and Executive Director of the Winter Haven Economic Development Council.  What was your greatest success in these positions?  What parallels do you see between these regions and Montgomery County that have informed your work here?

3. Despite a $1,127,000 boost in the FY 2017 budget, the MCEDC remains less well-funded than its Fairfax and Prince George’s county counterparts, which receive $7.5 million and $9 million, respectively.  Do you believe this puts Montgomery County at a great disadvantage relative to these neighboring counties?  Are there plans to expand the MCEDC budget to achieve parity and what successes would MCEDC achieve?

4. To what extent do county and state laws and regulations hamper the mission of the MCEDC?  What changes or new legislation will help you achieve your goals?

5. Montgomery County boasts many other economic development groups, including countywide and municipal chambers of commerce, Rockville Economic Development, Inc., and the Latino Economic Development Center.  How has your organization collaborated with these existing institutions?

6. A focus of the MCEDC appears to be biotechnology: the website highlights two biotech companies, Medimmune and Qiagen.  Is biotech the only reliable investment for Montgomery County taxpayers?  What about other key industries–agribusiness, cyber security, financial services, tourism, IT, and healthcare–and what would attract them to Montgomery County?

Next meeting:  January 17, 2018

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