Montgomery County Planning works to create thriving places across the county. This goal is reflected in our proposed General Plan update, Thrive Montgomery 2050, master plans, functional plans, and other special studies.
But how do we know if a place is indeed thriving? We often use publicly available data from agencies like the U.S. Census Bureau and the U.S. Bureau of Labor Statistics to analyze shifts in key indicators of an area’s economic vitality.
Now let’s zoom in on the map and ask a deeper question: do thriving neighborhoods help the people living in them to thrive? Put another way, do neighborhoods thrive because the people living in them improved their economic status, or because people of higher … Continue reading
Several weeks into the COVID-19 pandemic, it has already become cliché to say that we are living in unprecedented times, but it is still too early to understand exactly how severe the economic damage will be, and how it will effect Montgomery County and its residents. While hundreds of thousands are already suffering the direct health effects of the COVID-19, the indirect economic fallout from the near closure of the economy is also becoming apparent. From the weeks ending March 21 through April 11, over 22 million people filed for Federal unemployment insurance in the U.S., including over 38,600 people in Montgomery County. This volume has far surpassed all previous records. The $350 billion Paycheck Protection Program created by … Continue reading
The Great Recession had a profound impact on industry and labor conditions throughout the United States. The ensuing recovery has been uneven – both geographically and across time – and today, many places have not recovered or have economies that differ from the pre-recessionary period.
Montgomery County’s economy was also affected by the Great Recession, however, its employment shrank less than those of other jurisdictions during the height of the recession. Our research shows that employment in the county declined 1.8 percent between 2008 and 2011, compared to 3.9 percent nationwide.
The reason for this tempered loss is the role played by the federal government in the county’s economy. Industries such as finance, construction, retail and others were supported … Continue reading
The Montgomery County Planning Department, in cooperation with the Metropolitan Washington Council of Governments (MWCOG), recently developed a new forecast of population, households and employment from 2010 to 2045. These data-based forecasts are used by government entities and the private sector for various uses, including transportation, water and air quality modeling, and analyzing commercial and residential markets. This latest forecast, known as Round 9.0, is a major reassessment of assumptions made about people, households and jobs in the county.
The draft Round 9.0 forecast anticipates that Montgomery County households, defined as occupied housing units with related or unrelated persons, are expected to increase from about 374,800 in 2015 to 461,900 in 2045, an increase of 87,100 households or 23 … Continue reading