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CECIL COUNTY Maryland’s Gateway to Innovation

CECIL COUNTY Maryland’s Gateway to Innovation. September 18, 2014. (One of) Maryland’s Fastest Growing Counties!. Charter Government…strong financial position and stable outlook: Diverse Industry S trong economy, wealth & income County positioned between 2 major R&D Hubs

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CECIL COUNTY Maryland’s Gateway to Innovation

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  1. CECIL COUNTYMaryland’s Gateway to Innovation September 18, 2014

  2. (One of) Maryland’s Fastest Growing Counties! Charter Government…strong financial position and stable outlook: • Diverse Industry • Strong economy, wealth & income • County positioned between 2 major R&D Hubs • Ph-Wil MSA (strong industries, strong management) • Weekly wage rates for manufacturing higher • Growing Manufacturing and Medical Devices industries (Gore, Terumo, ATK) • Shovel Ready Land (1.2M sq ft in Principio Park) = County’s Bond Rating Upgrade! (Aa2 - Moody’s, AA+/Stable - S&P)

  3. Top Employers (Private) • Great environment for Medical, R&D, Recreational activities • Cecil manufacturing employs 3 times state average • + Growing Companies

  4. 2014 Notables… • ODEC’s Wildcat Project approved • i-Lighting (start up) expanding/record growth • Gore, Terumo, ATK, Siemens & Composites USA all expanding • Broadband, Natural Gas and Water expansion along Route 40 Corridor • Waste Water upgrade/expansion • Manufacture Industry-focused approach • “Technology Launch Pad” approved…cyber start up assistance in partnership with the College • Tourism Economics year over year steady growth • Sports Tourism Initiative (Bass Master Elite Tournament, Calvert Regional Park)

  5. On the Horizon… • Bainbridge Redevelopment • University of Delaware – STAR Campus / Life Sciences • Additive Manufacturing surge • UD’s Center for Composites • Cecil College expansion • CCPS School of Technology • WL Gore & DuPont spin offs • Accelerator / Incubator • Perryville & Elkton TODs • Perry Point VA Medical Center The future is happening now!

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