FINANCIAL PROGRAMS HELP SET BUSINESSES UP FOR SUCCESS
Financial assistance helps the growing businesses of Montgomery County meet the challenging demands of new innovation. See how your technology, manufacturing, urban development, or other private company can benefit from a public grant.
Public Grant Awards
Montgomery County Economic Development Grant and Loan Program offers financial assistance to private employers that retain jobs or stimulate new job creation in Montgomery County. Priority is given to high technology companies, manufacturing companies, businesses in urban revitalization areas, and other private employers that provide the greatest public benefits.
The Montgomery MOVE Program has assisted 18 businesses with grants between July 1, 2017 and January 31, 2018. Businesses new to the county that lease up to 20,000 square feet of Class A or B office space may receive a grant of $8/sf. All grants are capped at 10,000 square feet for purposes of calculating the grant award. Companies need to apply here for funding within 90 days of signing a lease. Availability of funds varies based on demand and certain limitations apply.
Additionally, Companies currently working from privately-owned co-working spaces and privately run business Incubators located in the County may qualify for MOVE Grants. Each company will need to provide proof of its co-working or incubator space agreement as part of the evaluation process for MOVE. Please contact MCEDC staff for more details.
The Bio Lab Pilot is a reimbursement grant program created by MCEDC with funding support from the Maryland Department of Commerce. Expanding local, new start-ups, and relocating companies are eligible to apply for funds to fit-out newly leased lab space. Learn more about the program and eligibility requirements. VIEW & DOWNLOAD APPLICATION
Rainscapes Rewards provides rebates up to $10,000 for commercial property owners installing rain gardens and conservation landscaping, planting trees and implementing other projects that help control storm water pollution. Property owners are also eligible for on-going credits against their Water Quality Protection Charge.
The State of Maryland Business Assistance Program offers a searchable database including loans, grants and venture capital opportunities.
Montgomery County companies who have been awarded an SBIR or STTR grant from the National Institutes of Health (NIH) and conduct at least 51 percent of its research & development operations in Montgomery County may now apply for a local Montgomery County Matching Grant award.*
*Note that all available FY19 funding for this program has been allocated. The application will be reactivated when additional funding is available.
Partnership for Workforce Quality provides matching training grants and support services targeted to improve the competitive position of small and mid-sized manufacturing and technology companies.
Maryland companies that receive an ExportMD award are eligible for up to $5,000 in reimbursement for expenses associated with an international marketing project.
NADIA KHAN, J.D.
Business Development Specialist
Being in one of the most educated, commuter-friendly and culturally rich business centers of Montgomery County will greatly accelerate the continuing growth and success of L-Soft.