Outperform the statewide job-growth rate
A number of key industry sectors were negatively impacted as a result of the COVID-19 pandemic. This resulted in a decline in total employment in county businesses. However, county residents experienced a much lower impact on unemployment rates at +2.7%, compared to the rest of Maryland as a whole at +3.3%. This is a result of the county's comparatively high concentration of highly-skilled workforce, meaning less exposure to highly impacted sectors. COVID-19 also interrupted several development projects near the end of FY20 and throughout FY21. Uncertainty in the future of the COVID-19 pandemic makes future growth activity uncertain.
- 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