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DED Initiatives
The City of Frederick Department of Economic Development strives to increase economic opportunity for Frederick residents through job creation, revitalization, and reinvestment. This mission is achieved through four strategic priorities:
  • Job Creation (business attraction, retention and expansion)
  • Business infrastructure advocacy
  • Downtown Revitalization
  • Corridor Revitalization

Job Creation

Business Attraction
Business attraction and retention is a core function of DED. The City works in partnership with Frederick County Business Development and Retention Department (BDRD) and the Maryland Department of Business and Economic Development (DBED), to attract business to Frederick. Frederick is an ideal business location within the state, region, and along the East Coast, boasting a strong transportation network, highly-skilled workforce and affordable business costs. Outreach efforts include regional and national trade shows targeted at bioscience and technology; targeted regional advertising that focuses on bioscience, technology, manufacturing and site selection consultants; and participation in and sponsorship of key industry events hosted by groups such as the Tech Council of Maryland and Maryland/DC Chapter of NAIOP.

Business Retention/Expansion
Business retention and expansion is DED’s most important aspect of job creation. Studies by the International Economic Development Council (IEDC) show that 65-80% of new jobs in a community are created by the existing businesses. Retention and expansion efforts include business retention visits; attendance at local business events such as the Frederick County Chamber of Commerce activities; local advertising and trade shows; and support for expanding businesses as they navigate the development review and permit process. 

Business Creation - Entrepreneurship
Another strategy for strengthening the Frederick economy is support of new business start-ups. Entrepreneurs and start-ups are a growing source of job and wealth creation in Frederick. DED fosters business creation through support of the Frederick Innovative Technology Center (FITCI), the first business incubator in Frederick County, and participation in the Entrepreneur Support Network.

Downtown Revitalization
Downtown Frederick, serving as the County Seat, is home to more than 600 businesses and 5,000 employees. Downtown is also the hub of culture and tourism, attracting more than than 1.4 million visitors annually. As a major economic engine within the City, continued revitalization, reinvestment and adaptive reuse of historic buildings are key economic development goals for DED. Click here to learn more. 

Corridor Revitalizaton

The City's retail and business corridors also serve as valuable economic engines. Revitalization and reinvestment in traditional retail corridors and the surrounding neighborhoods are critical DED initiatives that strengthen both the business community and quality of life in Frederick. Click here to learn more.

Key Corridor Initiatives