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Montgomery County

Fascinating Facts

   
Montgomery County, Maryland is the first to use the name in the United States. Named after general There are over 17 counties in the U.S. that use the name Montgomery but this one in Maryland is the first.  
 
On 1791, December,19th Maryland ceded land from portions of Montgomery and Prince George's Counties to form our Nations Capital, the federal District of Columbia.  
 
Montgomery County's Motto is Gardez Bien which means "guard well"  
 
Silver Spring is the second largest urban area in the state of Maryland after Baltimore by geographic size and population. It is considered the first real downtown in Montgomery County.  
 
Georgetown Prep in Bethesda, founded in 1789 by the society of Jesuits, is the oldest Catholic secondary school in the United States.  
 
   
   
 
   
   
 
   
   
 
   
   
 
   
   
 
   
   
 
   
   

Primary Office Markets

     
Montgomery 64,737,866 sq/ft  
     
Bethesda / Chevy Chase 11,618,197 sq/ft  
Gaithersburg 5,764,869 sq/ft  
Germantown 2,663,284 sq/ft  
North Bethesda 10,874,600 sq/ft  
Northern Silver Spring 3,304,384 sq/ft  
North Rockville 12,609,777 sq/ft  
Rockville 8,865,880 sq/ft  
Silver Spring 7,466,729 sq/ft  

Notable Independent Companies

 
Independent Public Headquarter Companies
         
    location   Symbol
         
Discovery Communications, Inc   Silver Spring   (DISCA, DISCB, DISCK)
United Therapeutics Corporation   Silver Spring   (UTHR)
Marriott International, Inc   North Bethesda   (MAR)
Human Genome Sciences, Inc   Rockville   (HGSI)
Lockheed Martin Corporation   North Bethesda   (LMT)
Choice Hotels International, Inc.   Northern Silver Spring   (CHH)
Hughes Network Systems, LLC   Germantown   (HUGH)
Federal Realty Investment Trust   Rockville   (FRT)
Coventry Health Care, Inc   North Bethesda   (CVH)
Catalyst Health Solutions, Inc   Rockville   (CHSI)
American Capital Limited   Bethesda   (ACAS)
CapitalSource, Inc   Chevy Chase   (CSE)
ProFunds/ProShares Group   Bethesda    
Host Hotels and Resorts, Inc   North Bethesda   (HST)
USEC Inc (United States Enrichment Corporation)   North Bethesda   (USU)
LaSalle Hotel Properties   Bethesda   (LHO)
DiamondRock Hospitality Company   North Bethesda   (DRH)
Pebblebrook Hotel Trust   Bethesda   (PEB)
Washington Real Estate Investment Trust   Rockville   (WRE)
First Potomac Realty Trust   Bethesda   (FPO)
Eagle Bancorp, Inc   Bethesda   (EGBN)
Sandy Spring Bancorp Inc   Olney   (SASR)
BroadSoft Inc   Gaithersburg   (BSFT)
Argan, Inc   Rockville   (AGX)
Vanda Pharmaceuticals, Inc   Rockville   (VNDA)
Emergent BioSolutions, Inc   Rockville   (EBS)
Novavax, Inc   Rockville   (NVAX)
Nabi Biopharmaceuticals   Rockville   (NABI)
EntreMed, Inc   Rockville   (ENMD)
Micromet, Inc   Bethesda   (MITI)
OBA Financial Services, Inc.   Germantown   (OBAF)
Spherix Incorporated   Bethesda   (SPEXD)

Taxes

         
    Montgomery   Maryland
Corporate Income Tax (2011)   none   8.25%
 
Personal Income Tax (2011)   3.20%   2.0% - 5.5%1
 
Sales & Use Tax (2011)   none   6.0%2
 
Business Personal Property Tax (FY 11)   $1.7473   none
 
Real Property Tax (FY 11)   $0.6994   $0.112
 
1 Graduated rate peaking at 5.5% on taxable income over $500,000

2 Exempt – sales for resale; manufacturer’s purchase of raw materials; manufacturing machinery and equipment; purchases of materials and equipment used in R&D and testing of finished products; purchases of computer programs for reproduction or incorporation into another computer program for resale

3 Rate per $100 of depreciated value. Exempt – manufacturing and R&D machinery, equipment, materials and supplies; manufacturing, R&D and warehousing inventory
In an incorporated area, the county rate may vary and a municipal rate may also apply

4 Effective rate per $100 of assessed value. In addition to this rate, there are some miscellaneous taxes and/or special taxing areas in the county; in an incorporated area, the county rate may vary and a municipal rate will also apply

 

Demographics

       
    National Rank Regional Rank
Population      
971,777      
 
Median household income (in 2009 inflation-adjusted dollars)      
$92,213      
 
State Median household income (in 2009 inflation-adjusted dollars)      
$69,272   1 1
 
Per capita income (in 2009 inflation-adjusted dollars)      
46,122      
 
Housing units ( Source: U.S. Census Bureau, 2010 Census.)      
375,905      
 
Private Sector Jobs      
361,284      
 
Private Sector Establishments      
32,333      
 
Total civilian labor force (BY PLACE OF RESIDENCE)      
511,813      
 
Residents commuting outside the county to work (2007-2009)      
201,827 (40.1%)