President & CEO David Petr welcomes you to MCEDC

Thank you for exploring the new MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION (MCEDC) where we are reinventing economic development from the ground up. Our growing team brings a fresh perspective and a new level of service to the business community. We are hard at work to help companies seize the immediate opportunities ahead and plan for long-term success with bold, new strategic initiatives.

Business retention and expansion efforts continue to be our priority. We are engaging with businesses across the county to add value and remove barriers as needed, knowing that the greatest job growth will be generated by those businesses already located in the region.

We are partnering in programs that will enhance smart business growth in Cybersecurity, BioHealth, IT and other fast-growing industries, and helping a range of businesses from start-ups to industry leaders. MCEDC is committed to increasing the county’s competitive edge, spurring business growth and improving the overall quality of life. When you think success, think MoCo.


Joining David is a strong team which includes veteran business development experts, a marketing and creative team, researchers, and others working together to promote business growth and retention county-wide. Two of the team members joining him, LYNNE STEIN BENZION and SPIROS BALNTAS, are Certified Economic Developers, CEcD, an exclusive designation held by just 1,100 people worldwide. With years of experience in the field, extensive education and continuous professional training, these experts bring a font of knowledge and abundant resources to help you think business success. 



Accelerating business growth

The mission of the Montgomery County Economic Development Corporation is to accelerate business growth and retention in Montgomery County. MCEDC promotes the county as a prime location for business large and small to thrive. To support economic growth, we strategically connect business decision makers to market intelligence, premiere locations, available incentives, and top talent.

Funded by Montgomery County, Maryland, the MCEDC is the official public-private corporation organized as a 501(c)(3).


Economic redevelopment, reinvented

Our vision is to showcase Montgomery County as an ideal location to start, grow or expand a business, with the support resources and infrastructure in place to help companies succeed.  With a diverse, creative, highly educated population, Montgomery County is a great place to live and work.

with Us