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April 30, 2018 / Kendra Allen, Editor

New report suggests that Montgomery County’s economy is stagnant

ECONOMY | A report released last week analyzing Montgomery County’s economy found that its slow job and business growth, rising debt and dependence on the federal government may cause problems for the county in the future. The report found that between 2006 and 2016, Montgomery County only added 210 jobs. (WaPo, 4/27)

It also found that Montgomery is “the largest borrower among all Maryland counties,” with $5.9 billion in debt in fiscal 2016 and debt service taking up more and more of the county’s budget. The county had the fourth-
fastest annual growth in debt in the state between 2012 and 2016, behind Prince George’s, Garrett and Worcester counties.

But the report also pointed out some of Montgomery’s greatest strengths — good schools, a highly educated and talented workforce, growing transportation options — which the authors said make it the “finest possible location” for a certain headquarters-hunting tech giant (the landing of which, incidentally, would help to solve [many] of the economic problems the county faces).

– DC’s graduation rate was 73% in 2017, but data released on Friday suggests that only 46% of seniors are on track to graduate this year. (WaPo, 4/27)

– GMU study: More than half of all U.S. young adults have no college degree (Fairfax County Times, 4/20)

PHILANTHROPY | Lisa Ranghelli, senior director of assessment and special projects at NCRP, urges readers to support Within Our Lifetime’s and Old Money New System Community of Practice’s new campaign, #DisruptPhilanthropyNOW. The campaign aims to create more accountability among funders by requesting racial justice and movement building organizations to share their stories about their interactions with foundations. (NCRP Blog, 4/25)

HEALTH | What DC Can Do to Improve Access to Health Care for Thousands of Immigrant Residents (DCFPI, 4/26)

HOUSING | Read how Anita Bonds, one of DC’s at-large councilmembers, and the three challengers for her seat on the DC Council respond to questions about housing and infrastructure. (GGWash, 4/26)

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– Kendra

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