Howard County: A Growing and Resilient Community for Business
Howard County consistently proves to be one of Maryland’s fastest-growing regions, having increased its population by 34 percent in 10 years. According to statistics compiled by the Howard County Economic Development Authority, the county population is projected to reach more than 327,000 by 2035. Howard County residents rank among the most affluent in the nation, leading other Maryland counties, and the median household income of $109,865 is one of the highest in the country.
Howard County's Local Business Initiative
In November 2015 County Executive Alan Kittleman announced a Local Business Initiative. The goal of this initiative is to promote the growth and success of local businesses and to increase the percentage of County procurement dollars flowing to local businesses. Under the Initiative, County Departments and agencies are encouraged to select local businesses when purchasing goods or services that are under $10,000. Find out more.
The Economic Future is Bright
Amid a challenging economic climate, Howard County has proven to be resilient. According to a quarterly economic indicators report published by the Howard County Economic Development Authority, the economic climate in Howard County is "sunny." Most business leaders are confident the outlook for the economic climate is bright for 2016.
An Innovative Economy for Tech and Start-Ups
The County Executive and other leaders encourage an “innovation economy,” with support for technological and other start-up businesses provided through the Maryland Center for Entrepreneurship and its Howard Tech Council at the Howard County Economic Development Authority. Howard County's proximity to Fort Meade and the area’s evolving cyber security industry will continue to accelerate the local economic growth and stability. Government contractors are moving in to the area to take advantage of opportunities, and vendors and service providers are benefiting from their activity here.
Tapping Howard County Business Resources
Looking for information on starting a business and support organizations? Learn more about Chamber Membership. Use the Chamber’s Business Directory to locate realtors, accountants, lawyers and other experts. Visit the Maryland Center for Entrepreneurship and the Howard Tech Council at the Howard County Economic Development Authority.
Read more about local business activity in The Business Monthly.