Financial Sector Helped Montgomery County Add 25,000 Jobs in 2 Years

An outside company tallied the rate of job growth at 3.9 percent from 2010 to 2012, according to a report from county government.

Employers in the financial sector that included The Financial Industry Regulatory Authority (FINRA) and Capital One led the list of companies that have added the most jobs in Montgomery County since 2010, according to a release from county government.

The county's job growth rate from 2010 to 2012 was 3.9 percent, the release stated, higher than those of bordering jurisdictions Fairfax, VA (3.6 percent) and the District of Columbia (2.8 percent.) Overall, 24,670 jobs were added during the period. The data was provided by Economic Modeling Specialists International, a private firm that provides jobs data on the county level. 

FINRA, which operates four offices in Rockville, added more jobs than any other company, the county said, with 330 jobs in two years. The next three big job creators were: Capital One, of McLean, VA, (nearly 300 jobs), Henry M. Jackson Foundation, of Bethesda, (more than 200 jobs) and MedImmune, of Gaithersburg, (more than 200 jobs).

“The positive job growth in the county from 2010-2012 is good, but we can’t stop there,” said Montgomery County Executive Isiah Leggett (D). “We can do even better."

Leggett noted the work of the county's department of economic development, led by Steve Silverman, to reach out to companies looking to do business here. 

"This outreach ranges from strategic grants and loans in targeted industry sectors, to assistance with permits, zoning, and site selection to initiating or facilitating partnering and networking opportunities,” said Leggett.

And, a high-end advertising campaign targeted to the patrons of American Airlines and US Airways. A three-minute video about the county aired in-flight for the month of April, the release said, as well as a full-page ad in US Airways' in-flight magazine. Lobby monitors at Bethesda North Marriott Hotel and Conference Center will begin to play the ad soon, said the county. (Watch the video, here.) 

Tom Miller May 07, 2013 at 04:29 AM
too bad there are not more companies doing this , than maybe we would really be out of this recession they say is over. havent we suffered the GREED of corporations long enough ? when will they start hiring the people they laid off ? Ive had enough ! the constant tax increases and the garbage unemployment numbers are just plain sad ! if its so darn good out here than why is it that nearly every household I know has someone unemployed ? when are the rest of you gonna wake up ? havent we ALL taken just about enough ? dont you all think its time for those who are making record profits to "kick in thier fair share " ? everyone I know has at least one member of thier household who is unemployed ! enough is enough ! do what you were elected for ! .


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