Montgomery County officials announced a pandemic Economic Roadmap to Recovery and Long-Term Success to guide the County’s future recovery efforts.
Montgomery County Executive Marc Elrich developed the County’s Economic Advisory Group (EAG), which has been meeting since July, to provide critical input as the County plans for recovery from the COVID-19 pandemic. The EAG includes a “diverse group of over 30 business leaders who represent large, small and minority businesses from critical industries such as hospitality, bio and life sciences, banking, information technology and healthcare.” Council President Sidney Katz stated that it is “so important that while we tackle the enormity of the economic crisis brought on by the global pandemic, that we also focus on our post-COVID strategic economic recovery planning.” He went on to explain that this is exactly what the EAG is doing, and the future benefits of this group will help the County to “pivot, rebound, and once again succeed.”
From the press release:
“I want to thank this diverse group of business leaders who have taken the time to provide thoughtful recommendations,” said County Executive Elrich. “They are helping us focus on long-term efforts the County should pursue that will position us to successfully recover from the pandemic and take advantage of our assets. We knew we could not wait until the pandemic ends to begin this work. For us to move forward will require involvement and engagement from our business community, the Economic Development Corporation, our nonprofits and our workforce development partners. I look forward to working together on the roadmap toward a more equitable and inclusive economy for Montgomery County.”
The EAG announced four key objectives as the foundation for this long-term strategic effort for the County:
- Developing and retaining a skilled talent pipeline for businesses, including offering retraining opportunities.
- Reimagining economic development to compete in the future through improved governmental processes that support business growth and expansion, development and transportation infrastructure growth and expanding housing at all income levels.
- Addressing awareness of, access to and availability of capital to help existing enterprises succeed and attract new business investment.
- Supporting key industry sectors that are critical to the County
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