In May, the City and County of Frederick Economic Development teams participated in Select USA Investment Summit, hosted at National Harbor, in Oxon Hill, Maryland. The annual conference is designed to attract international businesses and support their transition into the U.S. market by connecting them with incubators, incentive programs, commercial real estate opportunities, local business networks, and government contracting resources. Over the course of three days, Frederick’s economic development representatives met with international business delegations, site selection consultants, service providers, and fellow economic development organizations from across the world to share Frederick’s story and highlight the community’s strengths as a place to invest, innovate, and grow.
Prior to the conference, Frederick hosted a SelectUSA spinoff tour, during which approximately a dozen international entrepreneurs representing a variety of industries visited Frederick City and County. During their visit, the entrepreneurs toured local biotech and tech companies, met with community and business leaders, and engaged with key stakeholders to better understand the advantages of establishing and expanding operations in Frederick. The tour provided an opportunity to showcase Frederick’s collaborative business environment, strategic location, highly educated workforce, and strong quality of life.
Frederick offers a unique combination of resources, location, culture, and community appeal that makes it the perfect spot for U.S. expansion. Through our alignment with the Maryland Soft Landing Program, international companies get the opportunity to test out the U.S. market at an affordable rate by partnering them with companies to provide access to facilities, resources, advisors, and more. Frederick’s soft-landing incubator, the Frederick Innovation and Technology Center (FITCI), fosters innovation and supports entrepreneurial success by providing world-class resources, coaching, connections, customers, and a vibrant community. This program aims to bridge the gap between global innovators and the U.S. market by leveraging FITCI’s diverse community, CEO Roundtables, and Frederick’s thriving business and social ecosystems. You can learn more about the Maryland Soft Landing Program and FITCI here.
Photo of City Economic Development Team attending SelectUSA Summit
The City, County and State economic development teams work collaboratively with prospects to provide connectivity to programs and resources as well as to support partnering and innovation within the biotech ecosystem. Participation in events like SelectUSA plays an important role in supporting a strong, resilient, and diverse local economy. By building relationships with international companies and industry leaders, Frederick continues to position itself as a competitive destination for investment and job creation. These efforts help strengthen the community’s economic foundation, support opportunities for residents and businesses alike, and contribute to maintaining the high quality of life that makes Frederick such a desirable place to live and work.
To connect with our city, county, and state economic development team and explore international opportunities, you may arrange a meeting with us here.