Joint Small Business and Economic Development Meeting with Holly Sears Sullivan

Posted Date: 
July 17, 2013

Holly Sears Sullivan, President, Montgomery Business Development Corporation, spoke at the join Small Business and Economic Development Member Meeting on July 17th.

Joint Small Business and Economic Development Member Meeting with Holly Sears Sullivan

Vice-Chair Lisa Cines welcomed MCCC Members and introduced Holly Sears Sullivan, President, Montgomery Business Development Corporation. Sullivan discussed the history of MBDC, current initiatives, upcoming work, and the MBDC website launch. At the end of the meeting she answered members’ questions.

MBDC is 100% publicly funded through DED as authorized by the County Council. It has an appointed board of directors from the private sector, including this chamber. Sullivan was hired as its first president 9 months ago. MBDC’s current focus areas include: marketing, advocacy, metrics, economic data, and business retention and expansion.

In 2013, MBDC created its branding, a tag line and launched a website.The website features a selection tool that links to Costar and provides listings of available properties and connects users to brokers. She iwelcomed member input regarding the website that launched this week.

In 2014, the organization plans to develop community profiles, target market brochures and implement an external marketing plan in coordination with DED. This plan will allow the County to convey the benefits of doing business in Montgomery County to external companies.

MBDC coordinates with the County Chamber and other organizations and will begin to make position statements on policy that impacts economic development. In 2014, the organization plans to develop a legislative update feature on its website and present a report to stakeholders. Montgomery County has the 5th highest corporate tax in the country. MBDC wants a "call to attention" on how policy impacts economic development in order to shift the county government’s focus to the creation of a business friendly environment.  

MBDC developed a formal relationship with University of Maryland to provide and analyze data regarding labor analytics and commuter information both delivered quarterly and annually. This data will be used for business retention, expansion and recruitment opportunities. In 2013, Sullivan met with 55 companies on the DED Strategic List to learn about the business community’s needs and build upon assets for marketing and recruitment efforts. Sullivan plans to meet with 100 existing businesses in 2014 and use the data to measure the local economy and facilitate job creation in the community.

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MCCC Strategic Partners