1. Economic Development
AUGUST 2019

2. Frederick County National Recognition
2018 Fastest Growing City in the D.C., Maryland, Virginia Region (Frederick #1) U.S. Census Bureau
2018 Top 20 Most Vibrant Arts Communities (Silver Spring-Frederick- Rockville #8) National Center for Arts Research
2018 Most Affordable Places to Live in Maryland (Frederick #1) Livability.com
2017 Top 100 Best Places to Live (Frederick #24) Livability.com
2017 Top Cities for Recent Grads (Frederick #43) GoodCall.com
2016 Top Areas for Growth Potential (Frederick #8) Business Facilities
2016 Best Cities in the World for Craft Beer (Frederick #17) Matador Network

3. Poised for the Future Tourism - Visitors & Visitor Spending
The number of visitors to Frederick County continue to reach record highs brought 1,984,700 visitors to the County, a growth rate of 4.9%.
Visitor spending increased 4% year over year, at $410M in 2017
This is an increase of 14% in visitor spending from
Source: Visit Frederick

4. Demographics Household & Income
Median Household Income $88,502 ( )
12.1% greater than Maryland’s Median Household Income of $78,916
Maryland had the highest Median Household Income in the U.S. according to the 2017 Census Bureau, American Community Survey
Source: U.S. Census Bureau

5. Demographics Population Characteristics
Frederick County:
Population is 255,648 (2018)
6th largest population among counties in the state
Population growth rate from was 9.5%
3rd highest population growth rate among the counties in Maryland
Millennial population growth rate from to 2018 was 18%
Added 4,918 millennials (25-34 year olds) since 2010
Maryland’s millennial growth rate from 2010 to 2018 was 9%
Source: U.S. Census Bureau

6. Residential Housing Market Current Conditions
Average home sale prices for 2018 show a 5.5% higher in price when compared to 2017
Average sale price in Frederick County was $335,852 in 2018
Maryland’s average home sale prices increased by 3.5% from
Housing permits issued in Frederick County increased 54.6% from 1,318 in 2014 to 2,038 in 2018
874 Single family detached units
724 Townhouse units
423 Multi-family units
Highest housing permits issued since 2005
Averaged 1,926 units a year between 2016 and 2018
Construction of townhomes in Lake Linganore development
Rendering, affordable apartment complex Orchard Ballenger Run
Source: Maryland Association of Realtors, Frederick County Department of Planning, Countywide Permit Data Report

7. Employment Categories
*Consists of 11% Local
1% State
4% Federal
Source: Maryland Department of Labor, Licensing and Regulation, 4th Quarter 2018 Data

8. Employment Major Employers
2019 Top 10 Employers
Fort Detrick Campus
10,078
Frederick County Board of Education
5,863
Frederick Regional Healthcare System
2,618
Leidos Biomedical Research
2,277
Frederick County Government
2,175
Wells Fargo Home Mortgage
1,400
Frederick Community College
1,115
Frederick City Government
931
NVR, Inc.
683
AstraZeneca
675
AstraZeneca’s biologics manufacturing center in Frederick
Source: Frederick County Office of Economic Development

9. Poised for the Future Fort Detrick
Joint Mission
Apply biotechnology in pursuit of health protection and medical advances.
Houses 5 cabinet level agencies
United States Department of Agriculture (USDA)
United States Department of Defense (DOD)
United States Department of Health and Human Services (DHHS)
United States Department of Homeland Security (DHS)
United States Department of Veteran Affairs (DVA)
Fort Detrick National Interagency Biodefense & Biological Research Campus
National Cancer Institute (NCI)
US Army Medical Research and Material Command (USAMRMC)
US Army Medical Research Institute of Infectious Diseases (USAMRIID)
Nallin Farm Gate Entrance, Fort Detrick, Frederick, MD
41,800
People Supported (includes employees, contractors, family members, and retirees)
10,078
Employees
15,000
Vehicles enter & exit the base per day
Source: Fort Detrick FY2019 Economic Impact & Fort Detrick Alliance

10. Fort Detrick Current & Projected Construction
Current Construction Projects
2019 Estimated Investment $72.3M
USAMRIID Replacement (FY2019) – $8M
USAMRAA HQ Replacement (FY2020) – $27M
Operational Support Projects - $37.3M
Projected Construction Projects
Estimated Investment $29.9M (projected not funded)
Operations Support Projects (FY2021) - $12.7M
Sustainment, Restoration, and Modernization Projects (FY2020) - $17.2M
An aerial view of Fort Detrick campus
Source: Fort Detrick FY2019 Economic Impact

11. Employment Major Private-Sector Employers
2019 Top 10 Private Sector Employers
Leidos Biomedical Research
2,277
Wells Fargo Home Mortgage
1,400
NVR, Inc.
683
AstraZeneca
675
Costco
639
United Health Care
613
Lonza
464
Plamondon Companies
445
Thermo Fisher Scientific
430
Stulz ATS
429
Wells Fargo Home Mortgage Mid-Atlantic Regional Headquarters
Source: Frederick County Office of Economic Development

12. Employment Job Growth 2018 Total Jobs: 104,088
2018 Private Sector Jobs: 87,432
84% of employment base is private sector
From :
The total number of jobs increased 6.6% from
Frederick National Laboratory for Cancer Research
Source: Maryland Department of Labor, Licensing and Regulation, 4th Quarter 2018 Data

13. Local Companies within this Industry
Employment Job Growth
Industry
2019 Total Jobs
Number of Jobs Added
Local Companies within this Industry
Biosciences
4,023
331
Astra-Zeneca, Thermo Fisher Scientific, Leidos Biomedical, Rooster Bio, Precision for Medicine, Qiagen Sciences, Indivumed, Lonza, Southern Research, Theradaptive
Computing and IT
1,735 25
Patriot Technologies, Swift Systems/HighGear, EN-Net, CRW One, Spirient
Construction
10,078
405
Triple Crown Construction, Pleasants Construction, All Around Plumbing, Robert Aird, Structural LLC, Flagger Force, Cindell, Maryland Department of Transportation, FB Harding
Healthcare and Social Services
13,392
905
Frederick Regional Healthcare System, Brooklane, Country Meadows, Genesis, Way Station, Goodwill Industries, FCMHA, Tri-Vergent, Healthwell Foundation
Hospitality and Tourism
11,071
750
Plamondon Companies, Dunkin Donuts, Royal Farms, Rutters, Potomac Sprout, Idiom Brewing, Monocacy Brewing, Choice hotels, Marriot
Manufacturing
5,304
152
Bimbo Bakeries, Dairy Maid, SkyWorks, Wright Manufacturing, Kensington Glass, EDCO, Stool, Pheonix Mecano, Wilcoxon Sensing Technologies, Flying Dog Brewery, RCI Custom, ACDI (excludes bio- manufacturing facilities listed above)
Professional, Engineering, Scientific & Technical Services
8,804
228
Specialized Engineering, Honeywell Intelligrated, Navistar, BMC, Emmes, Decisive Communication, Zagaz Instruments, Boggs Environmental, Colbert Ball, Key Financial
Source: Frederick County Workforce Services

14. Employment Job Growth Compared to the Region
Post-recession ( ) Frederick County is growing more rapidly than Maryland, as well as the Baltimore and Washington metro areas
Frederick County’s job index was in 2018, compared to Maryland’s job index at
Frederick County’s employment is forecasted to grow 26% from 2015 to compared to Maryland’s employment forecast of 17%
Source: University of Baltimore - Jacob France Institute; COG Cooperative Forecasting and Data Subcommittee
Wilcoxon Sensing Technologies

15. Commercial Growth New Business Growth
2018/2019 Top New Locations Announced
Kite Pharma 279,000 SF, jobs
Wilcoxon Sensing Technologies 42,000 SF, 100 jobs
Dunkin Donuts Centralized Kitchen 32,800 SF, 100 new jobs
Greenlife Medical 42,000 SF, 61 new jobs
HealthWell Foundation 9,000 SF, 84 new jobs
Signa Gen Laboratories 16,000 SF, 25 new jobs
Indivumed 5,325 SF, 25 new jobs
2018/2019 Top Expansions Announced
Goodwill Industries of Monocacy Valley E-Commerce 108,168 SF 150 new jobs
Costco E-Commerce distribution 293,931 SF, 134 new jobs, 639 jobs total
US Pharmacopeia Convention 60 new jobs, 120 jobs total (within existing facility)
FB Harding 23,000 SF, 63 new jobs, 67 jobs total
Stulz Air Technologies additional 22,000 SF, 50 new jobs, 450 jobs total
Dairy Maid Dairy additional 22,000 SF, 30 new jobs, 170 jobs total
Under Construction
Kite Pharma Bio-manufacturing facility
Rendering

16. Poised for Innovation ROOT
Officially opened March 2018
Won 2019 County Innovations Award from the Maryland Association of Counties (MACo)
1 of only 2 awarded
Partner Organizations
Frederick County Office of Economic Development (OED)
Frederick Innovative Technology Center Inc (FITCI)
Frederick Chamber of Commerce
Hood College Martha E. Church Center for Community & Civic Engagement
Maryland Defense Technology Commercialization Center (DefTech Maryland)
Maryland Tech Council
Maryland Women’s Business Center (MWBC)
Small Business Development Center (SBDC)
Root 118 N. Market St. Frederick, MD
Maryland Black Chamber of Commerce Root

17. Poised for Innovation ROOT and FITCI
Business Pitch Services
Pitch Room
A free service for businesses to record their pitch as a tool to access capital and build their leadership teams.
Pitch Creator
Online program for entrepreneurs who want to pitch to investors to raise capital for their business or prepare their company for sale
As a ROOT tenant, Frederick Innovative Technology Center, Inc (FITCI) opened its 2nd location
Currently home to 49 companies
35+ CEOs serve as mentors as part of the Strategic Growth and Advisory Board
14 businesses selected for “The Edge,” a 12 week accelerator program
1 winner will be selected to receive capital
Free video services to perfect Pitch Room recordings
FITCI’s 15 Years
125 Companies Served
800+ Jobs
$26.3M in Annual Revenue
Small business training class at FITCI
Source: Frederick Innovative Technology Center, Inc (FITCI)

18. Poised for Future Cutting Edge Life Science Leaders
Kite Pharma
Top 3 world leader in CAR-T Cell Therapy
Subsidiary of Gilead Sciences, $22B per year revenue
Cutting edge Cell Therapy manufacturing
280K SF, 600 jobs projected
RoosterBio
High-growth new player incubated in Frederick
Addresses major stem cell therapy bottleneck
On-demand, affordable & high quality stem cells
Used both in product development and research
15,600 SF, 55 employees
Projected to add 200 jobs by 2020
Precision for Medicine
Services targeting biomarkers for cell & gene therapy
Expertise in oncology, rare diseases, and neurology
Customized biomarker assays
65K SF, 150 employees
RoosterBio in Frederick, MD, Offices of Westview (Bechtel Building)
Precision for Medicine, Frederick, MD

19. Poised for Future E-Commerce Distribution
Costco E-Commerce
502,499 SF
100 parking stalls, 32 truck bays
134 employees; projected to add 40 more
Overall Costco Employment 639
Goodwill E-Commerce
110,000 SF
E-Commerce headquarters for Goodwill Industries of Monocacy Valley, Inc.
120 employees; projected to add 50 more
Revenues fund and provide workforce development for Frederick and Carroll County
Overall Goodwill Employment 308
Costco Wholesale Depot & E-Commerce Center, Intercoastal Industrial Center Monrovia, MD Frederick County
Goodwill E-Commerce, Wedgewood West Frederick, MD Frederick County

20. Poised for the Future The City of Frederick Urbana
Downtown Frederick Hotel at Carroll Creek Park Construction March December 2022 $98M Project
Public Private Partnership – City/County/State/Developer
Full-Service Marriott Flagship Hotel, 199 Rooms
160 Parking Spaces (including Valet)
$25M annual Economic Impact (direct, indirect and induced)
110 Direct Jobs
Riverside Business Park
44 acre flex business park with 7 buildings totaling 503,760 SF
Northgate Crossing
35+ acre property located at the northwest and southwest intersection of US Route 15 and Christopher’s Crossing
Proposed hotel, movie theater, retail, fire station
Urbana
Urbana Corporate Center
60 acres around Kite Pharma
Rendering of proposed Downtown Hotel at Carroll Creek, Frederick, MD
Aerial view of Urbana Corporate Center, Urbana, MD
Source: City of Frederick Department of Economic Development

21. Poised for Growth RT 85 Growth Corridor
Recent
Wedgewood West (Class A industrial Park with 6 buildings totaling 675K SF)
Phase 1 – delivered 2016 and 100% LEASED
ThermoFisher Scientific – 77K SF
Premium Distributors – 58K SF
Precision Doors & Hardware – 28K SF
FB Harding – 23K SF
Emser Tile – 12K SF
Wholesalers USA – 7K SF
Phase 2 – delivering now and 73% LEASED
ThermoFisher – 191K SF
Goodwill E-Commerce – 109K SF
Rainforest Distribution – 27K SF
Heartline – 8K SF
Growth
Westview South (100-acre mixed-use park)
Residential – 615 units under construction
Retail – 10 acres with 22K SF delivered in and 50K SF available
Build-to-Suit – 34-acre R&D and office park – a lot of current interest
$2.5 million SF of Matan’s $5.5 million SF portfolio is located in Frederick County
Source: Matan Companies

22. Poised for Growth RT 85 Growth Corridor
St. John Properties
The largest private commercial landlord in MD with one million square feet of product in Frederick County and over 110 acres of pending development projects
Arcadia Business Park
61-acre flex, R&D and warehouse/distribution business park with 8 buildings totaling 585K SF
Groundbreaking anticipated Fall 2019
Westview Business Park
49-acre flex business park with 9 buildings totaling 431K SF
Arcadia Business Park renderings – Flex/R&D Warehouse
Source: St. John Properties

23. Poised for Growth Rt 85 Continuation
The Offices at Westview
Former Bechtel Campus, left 205,304 SF vacant in 2014
5285 & 5295 Westivew Dr. - 4% vacancy
Tenants:
Music & Arts – 54,000 SF
Asbury Communities – 26,400 SF
ABEO Management Corp – 15,500 SF
RoosterBio – 14,550 SF
Grove Resource Solutions – 9,550 SF
CJL Engineering – 4,777 SF
Children's Hospital – 3,000 SF
2 buildings available May 2019
5255 Westview Dr. – 82,205 SF
5265 Westview Dr. – 38,371 SF
Last building available November 2019
5275 Westview Dr. – 123,098 SF
5202 Presidents Ct -12% Vacancy
Former JP Morgan Chase Call Center, left 233,000 SF vacant in 2010
Tenants:
Experient – 61,622 SF
Maximus, Inc (renewal) – 25,907 SF
American Association for Laboratory Accreditation (A2LA) – 24,020 SF
Veteran’s Administration – 19,592 SF
Radnet – 16,674 SF
Leidos – 16,490 SF
Other – 39,973 SF
28,722 SF available
Source: Avison Young
5202 Presidents Ct, Frederick, MD

24. Poised for Growth Frederick Municipal Airport (FDK)
200 based aircraft, 7 aviation businesses, and Maryland State Police’s emergency services helicopter “Trooper 3”
1,100 jobs
$101M business revenue
300+ businesses use FDK annually (including Wegmans, CVS, Miracle Gro, and Weis Markets)
Services
Runways: 5,200’ being expanded to 5,820’ & 3,600’
Federally-funded Air Traffic Control Tower
Fixed-base operator services, aircraft maintenance, fuel sales, hangars
Flight training programs & flying clubs
3rd busiest airport in Maryland
Adding 194,400 SF of aircraft hangars doubling storage
National Headquarters for Aircraft Owners and Pilots Association (AOPA)
Source: City of Frederick, MDOT MAA 2018 Report The Economic Impact of Public Use Airports in Maryland

25. Infrastructure Top Transportation Projects
MD 85/I-270 New Interchange
Under Construction
Design and reconstruction to add lanes on MD 85 at the new interchange
$110M project
MD 180/351 lane widening and expanded bridge over US 340/US 15
US 15 Project
Planning study for improvements and additional lanes
Open to traffic by 2030
I-270 P3
In 2017, Governor Hogan announced a public-private partnership ‘Traffic Relief Plan’ that included widening I-270 from the Capital Beltway to Frederick that would add 4 toll lanes
Source: Frederick County Department of Planning

26. Infrastructure Under Construction Transportation Projects
US 15/Monocacy Boulevard Interchange
Opened in 2018
Access to Fort Detrick
Construction cost - $63.8M
Monocacy Boulevard Center Section
Open in 2019
$16M share between County & City
Opens up land for employment development
Improves access for business to municipal airport
Source: Frederick County Department of Planning, Maryland Department of Transportation State Highway Administration (MDOT SHA)

27. Poised for the Future Growth Opportunity Strategy
Looking forward to the next 10 years:
Strengthen Frederick County’s economic foundations
Build upon the County’s mix of industry clusters
Enable the County to sustain the diversity of its industry and employment base
Raise performance in driving high quality economic growth
Strategic Priority Areas
Workforce
Infrastructure and Placemaking
Targeting Core Industry Cluster Growth
Branding
Frederick County Clusters
Biosciences
Computing & Information Technology
Hospitality & Tourism
Professional, Engineering, Scientific, & Technical Services
Transportation, Distribution, & Logistics
Value-Added Agriculture
Manufacturing
Source: Jacob France Institute, University of Baltimore, March 2018