Benjamin H. Wu
President & CEO
Montgomery County Economic Development Corporation
After serving as the deputy secretary for the Maryland Department of Commerce, Benjamin H. Wu was named president and CEO of the Montgomery County Economic Development Corporation in December 2019. Shortly afterward, he helped the public-private organization navigate the economic crisis for businesses brought on by the COVID-19 pandemic.
“We’re now all moving forward to a full reopening and preparations for an economic recovery but first we had to demonstrate our resiliency and prepare for an effective pandemic response,” Wu said. “For businesses, that initially meant securing (personal protective equipment) PPE to remain open, developing telework to stay connected to clients and employees, and reimagining their operations, among other priorities. Working in collaboration with the government and the corporate community, MCEDC helped support businesses meet these priorities through several partnership program initiatives and direct funding assistance grants.”
Wu has found that leading through partnerships has been the most effective pandemic management style. “We’re all in this together,” he said. “Effective collaboration is necessary for us to get to the other side of the pandemic. … As a public-private organization, MCEDC underscores the importance of partnerships in all of our initiatives. Successful economic development in Maryland and Montgomery County requires the collaboration of the business community working closely with government and academia to foster innovation, entrepreneurship and job growth.”
Having worked in commerce at both the state and federal levels, Wu understands the influence one can have in making positive change.
“Montgomery County is Maryland’s largest county and has a greater share of GDP than any other jurisdiction,” he said. “We know that we need to help lead the way for the state to fully recover economically and return us back to pre-pandemic levels. At MCEDC, we will continue to do all that we can to meet this mandate for our state and our county.”