TLDR
– More than $2.2 billion was invested in Montgomery County, Maryland, companies in 2023 through more than 100 deals.
– Life sciences companies in Montgomery County generated more than $500 million in investment in 2023. Nine manufacturing companies received funding, including MasPanadas, which will use the investment to triple its square footage and hire more employees. Close to 50 technology companies in the region also received funding.
– Montgomery County is a favorable location for businesses due to its diverse economy, access to federal agencies, and top talent pools. County Executive Marc Elrich praised the county’s economic development efforts and said he anticipates continued economic success in 2024.
