From October 23 to October 27, we observe Economic Development Week in Maryland, a period dedicated to underscoring the critical role economic development plays in our state and communities. It is an occasion to deepen our collective understanding and appreciation for the industry’s significant contributions to Maryland's business environment, job landscape, tax foundation, and general quality of life.
To recognize the work of Maryland’s economic developers, Economic Development Week events will occur in towns, cities, and counties across the state. Throughout the week, proclamations will highlight the pivotal projects that make Maryland a great place to live and work.
Charles County’s 2023 Economic Development Week celebrations have commenced with a proclamation issued by the Charles County Board of Commissioners on October 3.
What is Economic Development?
Economic development is the creation and distribution of wealth to benefit an entire community, characterized by the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health.
At the local level, economic development involves the strategic allocation of limited resources – land, labor, capital, and entrepreneurship – to foster business activity, employment, equitable income distribution, and fiscal solvency, thereby enhancing the quality of life in a community.
It represents a deliberate collective effort by governing bodies to guide private sector investment towards opportunities conducive to enduring economic prosperity. Such prosperity yields adequate incomes for the local workforce, lucrative ventures for employers, and tax revenues essential for maintaining infrastructure supportive of continuous growth.
Economic Development in Charles County
The Charles County Economic Development Department operates under a clear and committed mission:
- Promote wealth creation and economic growth through quality employment, innovation, and productivity.
- Increase County revenues by attracting and retaining high-quality jobs along with fostering new capital investments.
- Foster a robust business climate where companies can thrive and expand, ensuring a high quality of life for all County residents.
In working towards these objectives, Charles County has capitalized on our assets: an educated workforce, a conducive business environment, and a strategic location close to the nation’s capital and major transportation routes. Our Department works to attract and retain jobs, minimizing the need for commutes to places like Washington D.C. We've championed innovation and productivity, providing resources to businesses of all sizes, ensuring they view Charles County as an ideal place for growth.
Circle of Services
The Charles County Economic Development Department is privileged to collaborate with exceptional partners and resources dedicated to bolstering the county's economic prosperity. Our Circle of Services guides, educates, and coordinates businesses in their growth journey. This cohesive support network partners with local, regional, and state entities, forming a unified system to enhance business growth at all phases. From workforce development and educational collaborations to access to capital resources and targeted assistance for small, minority, women-owned, and disadvantaged business enterprises, the Circle of Services ensures that local businesses receive the holistic support they need to prosper.
Residents can participate in Economic Development Week by engaging with the county's economic initiatives, sharing insights, and supporting local businesses to promote economic growth. For more information about how Charles County Economic Development Department can support businesses, reach out to us at info@meetcharlescounty.com.
