News & Press Releases

Montgomery County Economic Development Presents 2020 Annual Report

Apr 22, 2021, 12:25 PM

April 22, 2021

2020 Annual Report CoverThe Montgomery County Economic Development Department is pleased to release it's 2020 Annual report, featuring the Department's activities throughout the previous year. 

This year's report also focuses on the community's response to COVID-19, and highlights the many successes made by local companies and economic development allies despite challenges presented by the pandemic. 

In 2020, the Department supported two expansion projects with existing companies in Montgomery County. These projects will result in $8.6 million in total new investment, as well as 370 new jobs

The 2020 Annual Report can be viewed in full on Montgomery County's Issuu profile.

Or, to read any of the Department's reports from previous years, visit our Annual Report homepage

About Us

mcded logo blueMontgomery County, Virginia - home of Virginia Tech and the towns of Blacksburg and Christiansburg - is a progressive, technology-driven community with an abundance of outdoor amenities. The Montgomery County Economic Development Department actively supports the startup, retention and expansion of companies in Montgomery County as well as the recruitment of new businesses to the community.  To learn more, visit


Contact Us

The Montgomery County Department of Economic Development (MCDED) offers a number of free and confidential services and resources to help companies large and small. We welcome the opportunity to provide direct assistance to companies interested in starting, expanding or relocating a business in Montgomery County, Blacksburg and Christiansburg. Contact us today!