Neighbor News
Toll Brothers Exec: Poor Job Growth in Montgomery County is to Blame For Lack of Appeal to Millenials
The comments were made at Bisnow's Montgomery County Boom! event at the North Bethesda Marriott
One of the challenges in Montgomery County is, how can more millennials be attracted to live and work in the county? Montgomery County, so far, has focused on nightlife, dining and liquor as the means to attract millenials. Robert Dyer @ Bethesda Row reports that panelists at Bisnow’s Montgomery County Boom! event last week at the Marriott North Bethesda Conference Center weighed in on the matter.
Stephen Alfandre of Toll Brothers City Living, which is currently building the Hampden Row luxury condos in downtown Bethesda, argued “poor job growth in Montgomery is holding [attraction of millennials] back,” according to Bisnow. His examples of locations where efforts have been more successful - Arlington County and DC’s 14th Street - both share one thing in common: proximity to high-wage government, defense and government contracting jobs. The argument is that if Montgomery County can add more of those type of jobs, it will provide the same draw for young professionals.
Read more at Robert Dyer @ Bethesda Row here and at Bisnow here.
