County Announces Long-Term COVID-19 Economic Recovery Efforts

Local leaders announced a pandemic Economic Roadmap to Recovery and Long-Term Success during the county’s weekly virtual COVID-19 media briefing on Thursday.

The county’s Economic Advisory Group has been meeting since July and is a critical component of overall recovery plans from the COVID-19 health crisis. A diverse group of more than 30 business leaders who represent various businesses from critical industries such as hospitality, bio and life sciences, information technology, and healthcare will be providing essential input for the county’s recovery framework.

“This group was convened to deal with the present but, more importantly, with the future of Montgomery County,” said Montgomery County Executive Marc Elrich during the media briefing.

Local leaders further explain recovery efforts in the video below:

According to a press release, the EAG has 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 capital availability to help existing enterprises succeed and attract new business investment.
  • Supporting key industry sectors critical to the county’s economy and quality of life, including restaurants, entertainment, and hospitality.

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