MedStar Relocating Corporate Offices To Howard County, Maryland
The new headquarters is currently under construction and scheduled to open later this year. With this move, MedStar will employ 222 full-time employees in Howard County and 1,266 employees statewide.
“We appreciate the collaborative and collegial manner in which the Howard Hughes Corporation, Howard County and the state of Maryland have worked with us to make new headquarters a reality for MedStar Health,” said Kenneth A. Samet, FACHE, President/CEO. “We look forward to occupying our new space, and we are pleased that we have been able to extend our commitment to this community and be part of the plans for making Columbia an innovative and dynamic place to work and live.”
“MedStar is the largest healthcare provider in Maryland and Washington, D.C., and we very pleased that they are continuing to grow and call Maryland home,” said Governor Larry Hogan. “MedStar is one of a number of companies that has chosen to expand and invest in our state in recent months, which speaks to the tremendous progress we are making in strengthening our economy.”
MedStar hosts 10 hospitals, the MedStar Health Research Institute, and a number of health-related organizations in the area. As the medical education and clinical partner of Georgetown University, MedStar trains more than 1,100 medical residents annually. The not-for-profit health system is recognized regionally and nationally for its excellence in medical care.
To support the expansion, the Maryland Department of Commerce is providing a $750,000 conditional loan through the Maryland Economic Development Assistance Authority and Fund. The company is also eligible for a number of state and local tax credits.
“MedStar is a home-grown Maryland company, with a vibrant history going back more than 160 years in our state,” said Maryland Department of Commerce Secretary Mike Gill. “Commerce is proud to support their new headquarters project, which provides the company with a strategic location for doing business around the region.”
“MedStar’s continued investment in Howard County and their decision to remain in downtown Columbia is a great example of the energy that we are seeing come out of the revitalization there,” said Howard County Economic Development Authority CEO Lawrence Twele. “MedStar’s decision to anchor the first of the Crescent buildings is a significant vote of confidence for the success of that entire project.”
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