MCEDC On the Move
An Exciting New Space Inspires Collaboration to Grow Business in MoCo
A little more than a year after its creation, the Montgomery County Economic Development Corporation has a place to permanently call home. On May 31st the MCEDC team moved from its temporary space at 1801 Rockville Pike in Rockville, to a gleaming new one in the same building.
MCEDC’s mission is to accelerate the number of businesses in the county, and to retain those that are currently located here. MCEDC promotes the county as a prime location for businesses large and small to thrive and expand. To support economic growth, we strategically connect business decision makers to market intelligence, premiere locations, available tax incentives, and top workforce talent.
The search for an optimal location began in the spring of 2016. Joyce Fuhrmann, former VP of Operations & Partnerships and MCEDC’s first employee, led the relocation process from inception through completion.
“The MCEDC board wanted a central Montgomery County location that was Metro accessible, on the Pike, and close to I-270 – all on a reasonable budget,” commented David Petr, President & CEO of MCEDC. “Despite that high bar, Joyce found us a great space that met all of our criteria.”
The 10,000 square feet of space can hold up to 50 employees, with plenty of ‘huddle rooms’ and other meeting areas for Maryland state economic department officials business partners to work out of when visiting the area. The open floor plan is designed to inspire collaboration among MCEDC, WorkSource Montgomery and Visit Montgomery – organizations who also relocated to the new location. The three groups collectively share the common goal of advancing Montgomery County’s economy.
All vendors contracted to complete the transaction and transform the space are based in the county. They include: commercial real estate broker Scheer Partners in Rockville, GTM Architects and Coakley & Williams of Bethesda, along with Digital Industry and Innovative Business Interiors, both based in Silver Spring.
The design and build-out took a modest three months to complete (on time and on budget), and the three groups will operate and reside under a 10-year renewable lease. The building, which is one block from the Twinbrook Metro station, also houses multiple FM radio stations under the iHeartMedia ownership group.
“Over the past two years MCEDC has transformed from an idea on paper, to an established, impactful proponent for economic growth. Our move is the culmination of the vision laid out by county officials and the Board of Directors. It’s been a privilege to have played a role in this transition,” Ms. Fuhrmann added.