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Economic development is one of Gaithersburg's highest strategic priorities. The City continually seeks new and creative efforts to build upon its success in supporting a thriving business community. The City's Economic Development Office works with existing companies to foster growth and markets the City to prospective new employers.
Markets
Gaithersburg is in the heart of the Washington-Baltimore region, home of 87 percent of Maryland residents, 4th largest U.S. retail market, central to Boston-Atlanta Corridor.
Available Space
There is approximately six million square feet of office space and additional new development capacity in the City. For information on locating a business in Gaithersburg contact Economic Development Director, Tom Lonergan at tlonergan@gaithersburgmd.gov or call 301-258-6310.
Transportation
- Air - Gaithersburg is within an hour's drive from the Baltimore-Washington International, Dulles International and Reagan National airports. Private and business aircraft are served by the Montgomery County Airpark, less than 15 minutes away.
- Subway - Gaithersburg is on the Metrorail Red Line. The Shady Grove Metro Station is accessed by I-370 or Shady Grove Road.
- Bus - Metrobus and county Ride-On buses serve Gaithersburg and connect with Metrorail at Shady Grove Station.
- Train - MARC passenger trains arrive at the downtown Gaithersburg Train Station, the Metropolitan Grove stop in Gaithersburg and the nearby Washington Grove stop.
Business
Gaithersburg has a very diversified economy including high technology research and development communities ranked with California and Massachusetts. Gaithersburg also is ranked the Fourth Best Area in the Country for Business by Fortune Magazine.
Major Employers
Gaithersburg is home to more than 2,000 businesses, with corporate growth in the last 20 years concentrated in the technology industries. Major employers include Hughes Network Systems, IBM, Lockheed Martin, MedImmune, National Institute of Standards and Technology, Gene Logic, Sodexo USA, Asbury Communities, and Digene.
Health Services
Shady Grove Adventist Hospital, Montgomery General Hospital, Suburban Hospital and Holy Cross Hospital serve the Gaithersburg area.
Retail Centers
The City supports a vibrant and growing retail community. There are seventeen shopping centers of more than 25,000 square feet, the largest of which is Lakeforest, a 1.1 million square foot super-regional shopping center. In all, more than three million square feet of retail shopping center space has been constructed. Additionally, Gaithersburg is home to a variety of large retailers including Macy's, Lord & Taylor, Barnes & Noble, Sears, Borders, Costco, JCPenney, Dick's Sporting Goods, Kohl's, Sam's Club, and Target. |
