Several converging economic trends threaten the County’s prosperity and quality of life – slowing growth in the greater DC region, the County’s declining competitiveness within the region, the slowing pace of federal spending, and a business and innovation climate that does not support the robust growth necessary to maintain current levels of local spending. Though public awareness of these trends has increased, County leaders have failed to take actions to reverse the County’s accelerating decline.
Job growth, private investment, and economic expansion are vital to the long-term economic and fiscal health of the County. Without a strong commercial tax base, the County cannot afford to pay for the services and facilities needed to meet the needs of the population.
Montgomery County’s share of the region’s high-wage jobs has been steadily declining