Economic
Development
Welcome to Hagerstown! Learn what everyone is discovering:
Hagerstown is a Great Place to Live, Work and Visit.
Hagerstown is strategically located in the heart of the rich Cumberland Valley
at the intersection of I-81 and I-70. Located approximately 25 miles west of
Frederick and 70 miles northwest of Baltimore and Washington, DC, we are easily
accessible by air and interstate to urban centers around the region. Our historic
downtown and neighborhoods are testimony of Hagerstown's proud heritage and
role as the economic hub of our region. The surrounding rural countryside in
Washington County is home to active farmland and numerous public parks. Housing
choices abound from the historic to the more modern and new and from affordable
to the executive style. In June 2004, Money magazine identified Hagerstown
as an "up and coming city" experiencing factors that in ten years will attract
the "creative class" - which they identified as an indicator of a thriving
urban area.
If you live in Hagerstown or visit our community,
there are a wide variety of cultural events and recreation facilities
to enjoy.
Running through our county are three national and/or regional recreation trails:
the C&O Canal Towpath, the Appalachian Trail, and the Western Maryland Rail
Trail. History abounds - nowhere more impressively than on the hallowed grounds
of the Antietam National Battlefield. In nearby Pennsylvania is the White Tail
Ski and Biking Resort. If you enjoy good music, join us for the Western Maryland
Blues Fest in Downtown Hagerstown. If you enjoy something a bit more classical,
Hagerstown is home to the Maryland Symphony Orchestra. Our German heritage
and Sister City relationship with Wesel, Germany, is celebrated at Augustoberfest
in Downtown Hagerstown. For the auto-racing enthusiasts, we have the Hagerstown
Speedway and the Mason Dixon Dragway. For baseball fans, Hagerstown is home
to the Hagerstown Suns, a Class A minor league team affiliated with the New
York Mets.
If you work, conduct business, or shop in Hagerstown,
you know that the Hagerstown economic engine is strong.
We have a diversified economic base and rank seventh in the nation in per capita
retail space. The strength of this retail market share is demonstrated by the
fact that the Hagerstown Super Wal*Mart is one of the strongest in the nation
and the Hagerstown Prime Outlets Center draws over 4 million patrons per year.
The I-81 corridor in Washington County is thriving with industry and contains
additional industrial park land available for new development. The tourism
industry is flourishing with 2,300 hotel rooms, a 64% occupancy rate in 2005
(some months at 80%!), and five new hotels under construction or planned. Downtown
Hagerstown is undergoing a renaissance with new investment generating building
turnover and rehabilitation, new retail and service enterprises, and rising
property values. A new University System of Maryland Education Center opened
in the heart of our downtown in January 2005.
More people are discovering the quality of life and
lower cost of living as evidenced by our current growth spurt.
Between 2000 and 2004, the population of the City of Hagerstown and our surrounding
suburbs grew by approximately 6%. The 2004 population estimate for the City
of Hagerstown is 37,536 with our suburban fringe containing approximately another
58,805. With 3,070 housing units in various stages of development in the City
of Hagerstown, the population of our City is anticipated to increase by another
16% within the next 5-7 years. In 2004, Hagerstown ranked as having the 15th
lowest crime rate in the nation of metropolitan areas our size (55,000-200,000).
No other Maryland metro area within that size range had a lower crime rate.
If you would like more information about incentive
programs and investment opportunities in Hagerstown, contact the Office
of Economic Development.
Our mission is to expand economic opportunities for our citizens by expanding
the City's tax base and retaining and creating jobs. From the downtown to our
business parks, you will find that there is something for everyone in Hagerstown!
Office of Economic Development
Deborah A. Everhart, Economic Development Director
Danielle Frye, Administrative Assistant
Mail Address:
City Hall One East Franklin Street Hagerstown, Maryland 21740
Phone:
(301) 739-8577, ext. 112 between 8am & 4:30pm M-F (eastern standard time)
Fax:
(301) 790-3424
E-mail:
economicdevelopment@hagerstownmd.org
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