“By many measures, 2023 was a very good year for Montgomery County,” said County Executive Marc Elrich. “We saw several major economic wins while recording a historically low unemployment rate. Our County government retained its “Triple-A” rating from all three credit rating agencies and increased our reserves of revenues upward to 17%, well beyond the 10% target. We also had historic levels of investment in education and affordable housing. However, this year was not without its challenges. Public safety concerns, juvenile crime and drug overdoses, as well a dramatic increase of hate incidents and fear in wake of war in the Middle East remain issues that we will have to continue to address in 2024.”
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“One thing that was reinforced in our economic development trips was that people outside our borders believe that the County is a welcoming and diverse place and attractive for bringing business because of that – and because of the wealth of talent and opportunity we have here,” said County Executive Elrich. “We are expanding our economy by building on our strengths as well as opening our doors to new opportunities. We are better equipped to address challenging issues, and we are making progress. Additionally, we’re in a constructive relationship with a state government that shares our agenda. In short as we enter 2024, we’re poised both to grow more and grow equitably.”
For updates and link to press release, see here: http://www2.montgomerycountymd.gov/mcgportalapps/Press_Detail.aspx?Item_ID=44550