The County Council has approved County Executive Ike Leggett’s initiative to privatize County economic development efforts in order to boost business attraction and retention and further strengthen the growth of good jobs in the County.
Under the legislation (pdf) a non-profit, private-sector corporation would be created to lead future economic development efforts.
“Montgomery County is competitive – but we need to be more competitive in order to meet the dynamic challenges that face the Washington DC metropolitan region,” Leggett said.
“To continue moving forward, I believe it is necessary to eliminate even more barriers to remain competitive regionally, nationally and globally.”
See more in the news release.