Planning to start or grow a business in Montgomery County? Our team of business developers, small and minority business experts, researchers and marketing specialists are here to help you find what you need. As a public/private partnership, we collaborate with County and State officials along with private companies to help connect you to resources, prime locations, funding, incentives and more.
We help companies large and small move, expand and grow in the County. Let’s talk. Please reach out and let us know how we can help you become one of the top job producers and notable successes within Montgomery County, Maryland.
LYNNE STEIN BENZION
Director of Business Retention & Expansion
Jobs created from business retention and expansion
Jobs retained in MoCo
Million in venture capital investment
Connections with Key Employers
Think Success YouTube views
Newsletter recipients per month
Public Partnerships and Collaboration
MCEDC partners with County and State officials on incentives, infrastructure, collaborating on Request for Proposals (RFP), Request for Information (RFI) and more. MCEDC works hand-in-hand with County officials to present Montgomery County as a welcoming home for business and innovation. MCEDC worked with public officials to showcase Montgomery County as an ideal east coast location with our innovation through diversity. The work has led to new data and research to directly support our leadership position in key industries, from BioHealth and emerging technology to hospitality, financial institutions and more.
Recent Project Highlights
Montgomery Can Code
320 lucky students participated in Montgomery Can Code, our summer coding camp for County middle school students. They enjoyed a free, fun camp experience to learn Swift, an easy-to-understand programming language to create world class apps. The program included Career Pathway Days, with leading local IT company leaders. The program culminated with a Showcase at the local Apple store where selected students shared their very creative apps. Great partnership with Montgomery County Public Schools, Montgomery College and Apple. LEARN MORE >
Built for Bio
Montgomery County has long cemented its status as a leader in BioHealth research and discovery. Built for Bio showcases videos of the amazing pioneers in the County who are developing new treatments to cure disease and save lives. The campaign helps to tell the stories of Bio innovators including Adaptive Phage Therapeutics, American Gene Technologies, Facility Logix, TruGenomix and Integrated Biotherapeutics. LEARN MORE >
Bio Lab Project
To help small to mid-sized companies procure lab space, MCEDC launched the Bio Lab Project to provide financial assistance to BioHealth companies seeking to fit out 5,000 SF or less of wet lab space. MCEDC secured $50,000 of funding from the Maryland Department of Commerce in addition to utilizing $200,000 of its own budget to fund the year-long pilot program. LEARN MORE >
The MOVE Program
The Make Office Vacancy Extinct (MOVE) program in Montgomery County is designed to assist new business attraction and business formation. Businesses new to the County that lease up to 20,000 square feet of Class A or B office space and wet lab space may receive a grant of $8.00 per square foot. In FY19, Montgomery County and MCEDC granted 26 MOVE projects including: DRB Enterprises, Harbor Bank Shares, Innovative Cellular Therapeutics and LURN. LEARN MORE >
Opportunity Zones encourage investors to re-invest their capital gains into underserved areas for long-term community building – with 14 zones located in Montgomery County. MCEDC has been helping to promote this program on an ongoing basis, including facilitated two events: a panel discussion and bus tour of specific County Opportunity Zones, featuring national professional services organization, Novogradac along with the Federal Reserve Bank of Richmond, Enterprise Community Partners, County officials and many other local stakeholders. LEARN MORE >
Additional In-Progress Partnerships
MCEDC-Led Industry Studies:
JLL Life Science & Tech Market Analysis
Montgomery County Co-Packing Market Assessment
Rockville Arts & Culture
Helping Companies Grow with Us
MCEDC works with companies to find the location, resources and incentives to help businesses grow in our prime east coast setting. From Bethesda to Silver Spring, Wheaton to Germantown, many companies have realized the many advantages of growing in Montgomery County. Marriott International is building a $600 million headquarters in downtown Bethesda, scheduled to open in 2022, which will house more than 3,500 employees. Booz Allen Hamilton is expanding in Montgomery County, relocating to a 65,000 square foot facility in Bethesda. Numerous biotech companies are expanding, while retaining their strategic Montgomery County address including Viela Bio (a spinout of AstraZeneca), Applied Biomimetic and Altimmune. With 18 federal headquarters in the County, including NIH and the FDA, these companies are among a growing number that are choosing to stay, develop and flourish in Montgomery County.
Montgomery County has been our home for more than 60 years. We take immense pride in this community. From our humble roots as a root beer stand in Washington, D.C. to a hospitality company known around the world, we look forward to many years together as we create a new, 21st century home in downtown Bethesda.
Making the Right Move
The biotech industry continues its strong growth in Montgomery County. A Bethesda Bio project is developing a premiere life sciences building which will attract a wide-range of companies, and provide much needed wet lab space. MCEDC helped move the project to fruition, one which addresses the shortage of wet lab space and places it near the NIH – while also allowing Montgomery County to compete with other urban markets such as Cambridge in Boston and the East Bay in San Francisco.
The combination of the closest commercial site to NIH and the northern gateway to the Bethesda Central Business district is the perfect location for our Bethesda Bio project.
The MCEDC Sponsorship Program
MCEDC is committed to building sustainable partnerships to further the growth of our target industries including BioHealth, Emerging Technology, Cybersecurity, Financial Services and Advanced Manufacturing, as well as other industries that involve entrepreneurship and innovation. See our Sponsorship section to find out more about partnering with MCEDC.