Leading technology companies are drawn to unique live, work, play environments. Considered one of the most vibrant locations within the Baltimore-Washington area, tech companies are flocking to Frederick’s rising tech scene. As a result, Frederick’s technology cluster has grown to nearly 100 companies — and shows no sign of slowing.
Here’s a quick look at the factors making the City of Frederick such a hot spot to do business:
Business Friendly Environment
Frederick companies enjoy the benefits of fast track permitting, no County business personal property taxes, and a Micro-Grant Program for tech start-ups and small businesses. Frederick also has opportunities for HUB, Enterprise, and Opportunity Zones.
Frederick offers access to three major airports within an hour’s drive: BWI Thurgood Marshall, Reagan National, and Dulles International. Locally, Frederick Municipal Airport provides business and corporate air service. Critical fiber connectivity is also available to tech companies. Over 92% of the County’s population has access to 50.01 Mpbs, 24.5% faster than the national average.
Highly-Educated Workforce — Strong Talent Pipeline
Nearly 40% of the workforce holds a bachelor’s degree or higher. Frederick is home to 3 higher education institutions offering 2-year, 4-year, and master’s degrees. Programs include Bioinformatics; Computational, Data, and Computer Sciences; Cyber-security; Informational Technology and Systems; STEM and Mathematics.
Outstanding Quality of Life
Essential to attracting and retaining talent, Frederick boasts a vibrant arts and entertainment scene and award-winning, independent restaurants that have created a haven for foodies. Frederick is home to six national parks and offers access to world-renowned outdoor destinations, including the Appalachian Trail and Potomac River. Frederick County Public Schools students consistently outpace the state and nation in measures of student achievement.
Innovation Center at ROOT
ROOT, the County’s business innovation center in Downtown Frederick, is where business, academia, government, and Frederick’s tech incubator/accelerator converge under one roof.
Fort Detrick: Major Military and Federal Research Campus
The five Cabinet-level Agencies on Fort Detrick conduct advanced scientific research, including Biotech, Bioinformatics, and Nanotechnology. Local businesses capitalize on contracting and technology transfer opportunities.
Young Population Growth
Frederick County has been successful at attracting millennial’s (25-34 year olds), outpacing the Washington Metro Area and Maryland’s rate of growth since 2010.
Tech Frederick Peer Group
techfrederick - an advocacy non-profit - is the voice of the Frederick tech industry and a driving force behind the strong sense of community shared by local companies. The organization welcomes new member companies through job connections, training, and networking opportunities.
Hip and Historic
Many tech companies have chosen historic downtown Frederick for its unique character and hip office spaces. The blend of old and new creates a unique environment that enables innovation, creative thinking, and talent attraction.