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The Washington DC metro area is one of the wealthiest in the U.S. and in the whole world in fact. It's a superstar performance in that regard for sure.
The Washington DC metro area is one of the wealthiest in the U.S. and in the whole world in fact. It's a superstar performance in that regard for sure.
That's why I don't really get articles like this.
It's all about growth, or the lack there of. Did you read the article?
600 new jobs for Rockville- some good news for the Baltimore/DC area economy
United Therapeutics is also expanding in Silver Spring. Pharma and Biotech are both now going back to an expansion phase. This will be good for Montgomery County, and NW DC likely as well. People forget it is a major industry out here.
you are correct DistrictSonic- when brand new jobs are created in a certain part of a metro area (and not just poached from another part of the area) it is a plus for the whole area- these good jobs created in Rockville (which will have the greatest benefit to Montgomery County) should be a plus for the whole Baltimore/DC area since some of the employees that will work there will live outside of Montgomery County and commute from elsewhere and some of the employees that will work there will spend $ in MD/DC and Northern VA for shopping, entertainment, etc--Metro area economies (kind of like human beings) are interconnected with each other
SmithGlaxoKline is investing in Rockville, MD because of the proximity to the National Institutes of Health. SGK did not choose the Maryland suburbs of Washington, DC for its beauty, cost of living considerations or state government commercial tax policies.
And just because a company promises 600 jobs in Rockville, MD does not mean the 600 new jobs will materialize after the relocation. People think that those 600 jobs are for scientists, corporate executives and other professionals making six-figure annual income. Many non-PhD laboratory workers who have science degrees are not paid particularly well. Lab workers will make up majority of new jobs probably. Don't forget lower-paying jobs for janitors, maintenance workers, security personnel etc.
Maybe I'm not reading this right. All I know is that an economy that runs on retail and service isn't going to do anyone in the middle class any favors because retail and service pay such crappy wages and hire tons of part-time workers rather than offer benefits. Given the insane deductibles on the Bronze plans many middle-class families are stuck with because they can't afford higher premiums, more part-time, low-wage, no-benefit jobs will do approximately nothing to boost anyone's wallet but those who are already wealthy.
What the poster is referring to is Marriott's global headquarters which are located in Bethesda and Hilton's global headquarters which are located in McLean. These are two of the largest most powerful hospitality companies in the world and they selected this region for their global HQ, we are talking about massive corporate offices with high paying blue and white collar jobs. The local governments and economic engines have done very little with making these two companies feel welcome and embracing their presence. If either of these two companies leave it will be detrimental to the area and thousands of jobs would be relocated elsewhere.
United Therapeutics is also expanding in Silver Spring. Pharma and Biotech are both now going back to an expansion phase. This will be good for Montgomery County, and NW DC likely as well. People forget it is a major industry out here.
With Maryland's heavy taxation regime you'd think that these biotech firms would lease out on the Silver Line past Herndon.
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