Data Analytics and Statistics Hub

Strong and Prosperous Businesses

Outperform the statewide job-growth rate

0.66% 

FY18 Actual


FY17 Actual
0.11%

Objective Description

Howard County seeks to exceed the average job-growth of the state. The State of Maryland sets a high benchmark for job-growth and economic prosperity. Recognizing that macroeconomic forces can effect job growth on a national scale, Howard County will consistently work to draw and retain jobs in any market climate to exceed our peers. Continued growth in the job base provides economic opportunities and stability to both existing and prospective residents. The measure is the difference between the Howard County job-growth rate and the Maryland state job-growth rate.

Trend Analysis

Since 2017, Howard County has outpaced the statewide job performance. Job retainment and capital investment activity saw a significant increase in FY 2018 as a result of recent major projects. Consistent job creation and retention performance continued through the end of FY 2019, while capital investment returned to a normalized level. County resident employment continues to grow as unemployment rates hover near record lows.

Strategies

  • Conduct a variety of projects and services to attract new businesses.
  • Actively outreach to existing businesses to ensure their continued success in the county.
  • Promote in-county business expansion opportunities and successes.

Source: Bureau of Labor Statistics

Detailed Analysis


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