A Diverse County Open for Your Opportunity
Entrepreneurs looking in Montgomery County to build their businesses have chosen wisely. Our minority-owned companies include everything from IT, BioHealth and cybersecurity businesses. There is strength in the County’s diversity, with a melting pot of cultures and 138 different languages spoken in its households. No wonder the number of minority-owned businesses is growing rapidly. MCEDC can connect you to the organizations focused on helping you prosper in Montgomery County.
of MoCo Businesses are Minority-Owned
Employed by Minority-Owned Businesses
Professional, Science & Tech Businesses are Minority-Owned
Most Culturally Diverse Cities in the U.S. are in MoCo
Maryland tops list of Minority-Owned Businesses
Maryland had significantly more minority business owners per 1,000 residents compared to the next closest state—Delaware—in a new ranking released in April by the payroll firm Paychex. The state has about 42 minority business owners per 1,000 residents—more than Delaware’s 29 and the 17.7 of Arkansas, which ranked third.
ASSISTANCE FOR MINORITY-OWNED BUSINESSES
Montgomery County has dedicated resources to support your venture. Add in networking groups and mentoring opportunities and you’ll see that Montgomery County is ready to support minority leaders. Here are just some of the Montgomery County resources available to our entrepreneurs.
WORKSHOPS & TRAINING
Classes and workshops on business topics help entrepreneurs and business owners take their companies to the next level. Here are a few of the area’s support services for minority-owned businesses.
Montgomery County also makes education the highest priority, creating an active pipeline to entrepreneurial success.
Montgomery College Business Education – Helping local businesses build a more efficient, effective and highly motivated team.
Montgomery College Hillman Entrepreneurs Program – A scholarship and educational program designed to support, develop and graduate ethical leaders who want to energize and give back to their local communities. Open to all transferable majors starting at Montgomery College and finishing at the University of Maryland, College Park.
Macklin Business Institute (MBI) – Originally a one-year sophomore-level honors business program, MBI has since grown to incorporate an additional two-year program for students applying to Montgomery College as freshman. MBI is an experiential learning program for business students to get hands-on experience in the business world and local community.
The Universities at Shady Grove – Offers a full range of business courses from leading Maryland universities.
December 3rd was our first anniversary and we already have some plans for expanding in Montgomery County, as there are so many opportunities available here.
General Business & Technical Assistance
Businesses in Montgomery County have access to assistance from many sources. Explore these resources to find the one that best fits your needs and goals. Click below to find online resources, business courses, mentoring, one-on-one business counseling and connections to financing.
Contracts, Opportunities and Procurement Resources
Montgomery County has developed a variety of tools to help businesses owned by women who would like to pursue contracting opportunities. Take advantage of these resources to research what the county buys, who currently holds contracts and when opportunities might come up for bid.
Central Vendor Registration System (CVRS): Self-managed database of vendor information used by public entities to identify businesses that can respond to solicitations. Businesses can register in the Local Small Business Reserve Program and include business certifications.
Contract Search: Access to information on contracts including incumbent vendors and contract expiration dates.
Current Solicitations: Opportunities available for bid.
dataMontgomery: Direct access to County datasets, including county contracts dataset, in consumable formats.
Local Small Business Reserve Program (LSBRP): Sets aside 20% of eligible procurements for local small businesses.
Minority, Female and Disabled-owned (MFD) Program: Expands opportunities for MFD firms on County contracts.
Montgomery County’s Minority Business Program
A business owned by a minority, woman, or disabled person is a firm that is at least 51% owned, controlled and managed daily by one or more persons of minority status. To participate in Montgomery County’s Minority Business Program, a firm must be certified by one of the six agencies listed below. The County’s Procurement Regulations encourage departments and agencies to actively recruit certified MFD-owned businesses to provide goods, services (professional and non-professional) and construction services for performing government functions.
Congratulations to Daniel Parra, MCEDC Director of Small and Minority Business Development, on winning the Minority Business Leader Award from the Washington Business Journal. It was well deserved! Thank you for your excellent leadership in our community. I am honored to have you as a member of our Advisory Board.
Ethiopia is considered to be the birthplace of coffee, and this local, family-owned coffee house has brought these world-famous beans to Rockville. Every cup that Black Lion serves is the delicious result of their family’s highest standards and premium brands. Taste the authentic Ethiopian flavor in their meticulously designed and comfortable café, or take home products roasted fresh from their high-tech roaster and packed immediately to provide the very best quality.