In Rockville, business is just peachy

April 25, 2008

Rockville businesses say their immediate future looks bright, despite the uncertain economy.

The business community just wrapped up its third annual Rockville Business Appreciation Week - when, apparently, businesses were celebrated by being polled on their economic outlook.

According to Rockville Economic Development, Inc., the visits were conducted with a “diverse array” of companies in terms of size and sector. They even included a home-based consultancy business.

Here’s some highlights:

  • 44 percent of the companies polled plan to grow by adding employees within the next year. Only 3 percent expect to lose employees in that timeframe.
  • The “vast majority” of companies polled are confident their industry will not be affected by a recession or have already retooled to become more recession proof.
  • Companies commented that international investors and customers are taking advantage of strong international currencies and are even more willing to do business with a U.S. company.

“We couldn’t have been more pleased that so many companies are planning to grow despite the current macroeconomic stresses,” said Sally Sternbach, REDI’s executive director.

Imagine that.

Good thing, too, since Rockville businesses contribute $13M annually in property taxes — money that MoCo really can’t afford to miss out on with the county’s current budget deficit.

In case you’re curious, there are more than 7500 businesses in the city of Rockville, one of our state’s largest cities, that employ more than 100,000 people.

JACKIE SAUTER, Web Editor

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Posted by Jackie Sauter | Filed Under business, montgomery county 

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