Businesses are essential to our community because they create jobs and strengthen our local economy. This article includes several charts comparing Montgomery County (MoCo) to other jurisdictions in the DMV across key economic indicators and the results are troubling.
https://montgomeryperspective.com/.../moco-vs-the-region.../
We have all seen the statistics showing that businesses are leaving Montgomery County. With increasing regulations and mandates, many companies find it easier to operate—and make money—in neighboring jurisdictions. So why would they stay here?
A few important facts:
- The laws and mandates passed by the County Executive and County Council are driving residents and businesses out of the County. Those who have the ability to leave are doing so, resulting in both a wealth drain and a brain drain.
- The average wage in Montgomery County is declining as higher-paying employers relocate elsewhere.
- Montgomery County has effectively been redlined for development, with no multi-family projects currently in the pipeline.
Because businesses form the foundation of our tax base, their departure is especially concerning. As they leave, the tax burden will increasingly fall on residents like you and me.
Although the County Executive and County Council frequently speak about economic success, the reality tells a different story. I have attended numerous presentations where officials highlight chart after chart claiming Montgomery County is thriving as a place to do business. Yet the results simply do not match the rhetoric.
The bottom line is that our current leadership and many of the current crop of candidates are disconnected from the daily realities facing residents and employers, many of whom have never worked in the private sector themselves.
Perception matters, and after years of business-stifling laws and mandates, companies are hesitant to invest in Montgomery County. Until we have leadership that offers intellectually honest assessments and realistic solutions, we will continue to fall further behind.
It is time for a change.
Reardon "Sully" Sullivan for Montgomery County Council - District 1