Montgomery County Council President Andrew Friedson (D-Dist. 1) announced Monday he is proposing a $20 million special appropriation focused on creating jobs and supporting businesses in the county at a press conference.
“There’s no question that we have economic challenges. We have to be honest about that. And they have been compounded by events over the last several years,” Friedson said. “I am as confident today as I have ever been that our long term opportunities far outweigh our near term obstacles and that Montgomery County has every tool in our toolkit. And we’re going to seize the moment.”
The Jobs, Opportunities and Business Support (J.O.B.S.) Initiative would create three funds, taken from the county’s undesignated reserves in the 2024 budget – a $10 million job creation fund, a $7 million innovation fund and a $3 million equity fund.
Friedson will formally introduce the initiative during Tuesday’s council meeting, and it will need a favorable vote from the council to proceed. Aa vote has not yet been scheduled.
Click here to read the rest of the article written by Ginny Bixby over at MOCO 360
