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EDA debates viability of 'virtual shell' and other strategies; members ask for targeted industry research
Summary
Montgomery County EDA discussed the feasibility of a virtual shell (speculatively built site and plans) and broader strategies to attract industry, with members urging staff to research targeted industries, available buildings, and financial models including possible county participation.
Montgomery County Economic Development Authority members discussed multiple approaches to attract industry to Falling Branch and the broader county, and asked staff to research targeted industry needs and finance models.
Brian (staff member) reviewed a “virtual shell” idea — a fully engineered site and building plans developed in advance to shorten construction schedules — and said the approach could shorten delivery by roughly six months but is costly. He said historical assumptions no longer hold: a building once estimated at about $60 per square foot would now cost “about $200 a square foot,” and material-price volatility and…
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