For Immediate Release: Friday, October 6, 2023
The Economic Development (ECON) Committee will meet on Monday, Oct. 9 at 9:30 a.m. to discuss business retention strategies and receive a briefing from the Montgomery County Economic Development Corporation (MCEDC) on second quarter Montgomery County economic indicators in 2023.
The members of the ECON Committee include Chair Natali Fani-González, Councilmember Marilyn Balcombe, Council President Evan Glass and Councilmember Laurie-Anne Sayles.
The Transportation and Environment (TE) Committee will meet at 1:30 p.m. to review and make recommendations on WSSC Water's Fiscal Year (FY) 2025 Budget Spending Control Limits.
The members of the TE Committee include Chair Glass and Councilmembers Balcombe and Kate Stewart.
More detail on each agenda item is provided below.
Montgomery County Economic Development Corporation (MCEDC) - Business Retention
Discussion: The ECON Committee will be joined by representatives of MCEDC for a discussion about strategies for retaining businesses located in the County. The discussion will also include an overview of target industries, business retention engagement, access to capital, partnerships, marketing and business retention tools.
Briefing: The ECON Committee will be briefed by representatives of MCEDC and the Montgomery County Planning Department about the County’s economic indicators during the second quarter of 2023. This quarterly report will focus on employment, real estate and development, venture capital and migration patterns.
WSSC Water Spending Control Limits
Briefing and discussion: The TE Committee will receive a briefing, discuss and make recommendations on spending control limits for WSSC Water’s FY25 Budget. WSSC Water’s spending control limits process was established in April 1994 by both the Montgomery County Council and Prince George’s County Council. The goal of the spending control limits process is to reconcile both Council’s actions by Nov. 1 of each year so that WSSC Water can build the approved limits into its upcoming operating budget public hearing draft document, which will be released for public comment by Jan. 15, 2024. WSSC Water’s Operating Budget request will be formally transmitted to both counties by March 1.
The Committee meeting schedule may change from time to time. View the current Council and Committee agendas, Council staff reports and additional information on items scheduled for Council review on the Council website.
Council and committee meetings are streamed live on the Council’s web page via YouTube and on Facebook Live and can be watched on County Cable Montgomery on Xfinity/RCN 6 HD 996/1056, Fios 30, and on the CCM live stream.
Release ID: 23-327