David Petr, who has been hired to guide economic development in Montgomery County, said the county has what it needs to compete against rival Fairfax County: a quality work force. … Petr, 44, is the president and CEO of the Montgomery County Economic Development Corp., which resulted from an initiative spearheaded by County Executive Ike Leggett and passed by the County Council last year. The corporation is a nonprofit, public-private partnership handling the county’s efforts to retain, expand, create and attract businesses. It takes over for the county’s Department of Economic Development and the Montgomery Business Development Corp. Both were dissolved with the creation the MCEDC, with much of the funding directed at the new nonprofit. … Only six days on the job, Petr arrived in Montgomery after serving as president and CEO at the Central Florida Development Council in Lakeland. There, he converted the council from a public-private partnership to a private organization, according to information supplied by the MCEDC. …
Leggett, Montgomery County approve privatization of County economic development
Source: District Chronicles, July 13, 2015
The Montgomery County Council approved County Executive Isiah “Ike” Leggett’s initiative to privatize county economic development efforts in order to boost business attraction and retention and further strengthen the growth of good jobs in the county…Leggett continued, “Montgomery County is competitive – but we need to be more competitive in order to meet the dynamic challenges that face the Washington, D.C., metropolitan region. To continue moving forward, I believe it is necessary to eliminate even more barriers to remain competitive regionally, nationally and globally…“Creating this new organization does not take away the County government’s need to be actively engaged in economic development or provide overall leadership and vision. The County will continue to play a role in economic development through other functions that a local government usually performs, including land use, community development and transportation.