April 7, 2020
Economic development agencies in the Washington region have formed a regional alliance to help the area rebound from the COVID-19 pandemic. The Maryland National Capital Region Economic Development Alliance includes economic development agencies from Anne Arundel, Charles, Frederick, Howard, Montgomery and Prince George’s counties.
“This alliance underscores the importance of the National Capital region to our state,” said Benjamin H. Wu, president and CEO of the Montgomery County Economic Development Corp. “The road to Maryland’s eventual successful economic recovery from the devastation of COVID-19 will need to be led by this region.”
The six-county region covers 3.3 million residents who represent 52% of Maryland’s economy. The agreement covers areas that include setting standards for ethical marketing, establishing protocols for communication about business prospects and evaluating policy changes to address competitiveness.
The alliance was formally announced on Monday. However, it has been in the talking stages since last October.
Pictured: Bethesda Row in Bethesda, MD. Photo credit: Victoria Pickerington.
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