ROCKVILLE, Md., Jan. 24, 2023 /PRNewswire/ — Montgomery County companies had a record year of investment in 2022, with more than $29.9 billion in combined initial public offering (IPO), merger and acquisition, private investment and venture capital deals. That is an increase from $4 billion in 2020 and more than $18 billion in 2021. In all, Montgomery County had 144 deals across 126 companies in 2022.
“The record investment in Montgomery County companies is a testament to the region’s remarkable climate of business growth and innovation,” said Bill Tompkins, President and CEO of the Montgomery County Economic Development Corporation. “We are a premier destination with a powerful network of existing businesses across a wide range of industries. Our deep talent pool, diverse and vibrant communities, and proximity to the federal agencies including the Departments of Transportation and Energy, FDA, and NIH position the County’s companies for success.”