TechFrederick
118 N Market St, Frederick, MD 21701
Frederick, Maryland, United States
Address
City: Frederick
Neighborhood: Downtown
State: Maryland
Postal Code: 21701
Country: United States
Business facts
Estimated annual revenue~$301.8K
Estimated employees~3
Annual payroll (2020)~$57.6K
In business since2021 (est.)
Based on reported payroll data
Area statistics (21701)
Population40,787
Median household income$97,769
Source: US Census ACS
About
TechFrederick is located in Frederick, Maryland. This business is working in the following industry: Non-Profit Organization.
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Price
$
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning below its category median in a growing category (Non-Profit Organization).
EstimateCategory trend: 2024, +8.1%
Revenue trend (modeled)
~$209.1K2019
~$238.7K2020
~$227.6K2021
~$165.9K2022
~$244.9K2023
~$301.8K2024
Modeled from official industry statistics+7.6%/yr since 201980% confidence band: ±42%
Property
Lot size5,881 sq ft
ZoningDB
CountyFrederick
Assessed value$1.1K
On this lotshared with 12 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
PPP loan (2020)$12.0K · 1 jobs reported · implies ~$57.6K annual payroll · $12.1K forgiven
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Non-Profit Organization in Maryland | 3,290 | ~$6.3B | ~$1.9M | ~$643.0K | 4.7★ | 0.5× |
Category revenue trend2024: +8.1%2023: +11.6%2022: +16.5%2021: +6.3%Modeled from business-level estimates
Chain pressure40 chains expanding in this category, led by Cedar Heights Ctr, Bpoe 1564, Houck Lodge (+418 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 831 | ~$1.2B | ~$1.4M | ~$741.1K | 4,434 | ~$432.9M | 0.4× |
| Other service activities | 67 | ~$45.7M | ~$681.8K | — | 251 | — | — |
1 km area (all businesses): median from the 686 of 831 businesses with estimates
Estimate
Area conditions (21701)
Population40,787 ±1,700
Median household income$97,769 ±$3,332
Median home value$384,700
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS