MoCo Life Sci2The life sciences industry is seeing tremendous growth in Maryland, particularly in the D.C. suburb of Montgomery County. With nearly $6B invested in life sciences ventures in 2021 alone and more than 40,000 life sciences workers in the state, Montgomery County is the anchor of the fourth-largest biotech hub in the U.S.

The county’s life sciences market continues to expand its footprint with more biotech and pharmaceutical companies setting up shop in Rockville and other areas, drawn in by its skilled workforce. Also fueling the growth is the Montgomery County Economic Development Corp., which helps companies expand, relocate or start in the county. 

“We have the skilled labor force, the support of local universities, the Maryland Tech Council and a diverse population to help expand life sciences not only in Montgomery County but the state of Maryland,” MCEDC Senior Vice President of Business Development Brad Stewart said.

Stewart said that life sciences continues to boom in the region because of the high quality of life and top local schools helping to train the next generation of life sciences professionals. He added that many organizations in the area are committed to helping the industry grow, making Montgomery County a prime location for companies to be headquartered, he said. The proximity to the nation's capital also draws companies to the greater Washington region.

“We do our best to welcome companies here with open arms, from helping them find the ideal workforce, complying with building zones or getting them staffed up on time,” Stewart said. “According to a study from the Maryland Tech Council, the annual salary for life sciences jobs is almost double the average of statewide jobs. This is providing more economic empowerment as Maryland continues to rise as a top biohub.”

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