IDEAS THat LEAD TO INNOVATION
Innovation grows out of creative vision, and there’s no better place to find that than in the Wheaton area of Montgomery County, Maryland. And because of its ideal location for business, the Wheaton Redevelopment Program (WRP) encourages private reinvestment through targeted, complementary public investment. A new town square, building, and garage is already scheduled to open in 2019.
A designated Arts & Entertainment District
Tax credit opportunities for developers
Mixed-use, walkable, and Metro accessible
New library/recreation center opening in 2019
THE WHEATON REVITALIZATION PROJECT
The Wheaton Revitalization Project will provide a government office building, underground parking garage, and a town square as part of the Revitalization Strategy for the region. The mixed-use development aims to improve mobility, increase the Wheaton Metro Station use, diminish negative environmental impacts, reduce traffic congestion, and increase the diversity of employment opportunities and services in the Wheaton area.
Situated in the center of three major thoroughfares, Wheaton is an easy choice for businesses. The Wheaton Revitalization Project is scheduled to open its first building and new town square in 2019. The Wheaton Innovation Center and Virtual Incubator Program also offer additional services.
A CONNECTED COMMUNITY
With a central town square that serves as the heart of the community, there are pedestrian connections to the Metro station, county buildings, parking garages, and more. A permanent entertainment stage, seating, lighting, and green spaces are built into the plan. And because it’s Wheaton, artistic elements are included throughout.
As long-time leaders in Smart Growth and using public/private partners to revitalize communities, the County and the Maryland-National Capital Park and Planning Commission (M-NCPPC) are working with StonebridgeCarras and The Bozzuto Group. The partnership will use County-owned land near the Wheaton Metro Station to build a new headquarters for the Department of Planning, Department of Permitting Services, the Department of Environmental Protection.
By co-locating three agencies with responsibility for development oversight, it represents one of the ways in which Montgomery County has adapted its operations to be more responsive to businesses.
Get an in-depth look at the Wheaton area, an Arts & Entertainment District, through our data maps on accessibility, demographics, development and other topics. LEARN MORE >
Wheaton Opportunity Zone
In Wheaton, Opportunity Zones can help local businesses, investors, and communities. This program allows investors to receive federal tax incentives by investing their capital gains into select communities via special investment vehicles called Opportunity Funds.
Recently, we celebrated the groundbreaking for the Wheaton Redevelopment Project, an investment of nearly $170 million. I look forward to more milestones as we continue to make progress. Wheaton's time is now!
A Bustling Arts & Entertainment District
Arts and culture come alive in Wheaton, one of the County’s official Arts and Entertainment Districts, designated in 2005. From painters to potters, music to film, Wheaton has created districts filled with artists and arts enterprises. The program provides tax benefits designed to boost economic development and create wonderful spaces for artists to work and live. The 2017 Award for Outstanding Achievement recognizes Wheaton’s efforts in mixing artistic and cultural traditions.
The Best of Both Worlds
Wheaton’s future is built on its strengths, while maintaining its special character. Capitalizing on its benefits as a regional transit hub to promote high-quality growth, Wheaton will emerge as a mixed-use Central Business District (CBD) that blends existing small and family-owned businesses with new development.
HEADQUARTERED IN Wheaton:
Montgomery County Planning and Parks Department
More great assets:
An overflowing talent pool with highly educated residents to fill your workforce needs
Convenient travel with proximity to three international airports for companies operating globally
Cultural diversity is a valuable asset with 40% of residents speaking a language other than English
Business growth is crackling on all cylinders with numerous new projects in the works
Washington, D.C. is next door, while New York and the east coast is a train ride away
FIND YOUR PERFECT SPACE
Through our partnership with LoopNet, you can search listings to find the best possible space for your Wheaton business. Simply replace Montgomery County, MD with Wheaton in the search bar and hit the magnifying glass icon. You can also check out the Maryland Department of Commerce's Incubator tool or look for shared offices. Explore these options and let us help you select the right one for you.
WATCH THESE VIDEOS ABOUT SUCCESSFUL BUSINESSES AROUND WHeaton:
DENIZENS BREWING CO. is the County’s hometown brewery, providing a better product that helps the local economy and environment. Working with government leaders to remove old barriers allowed them to expand their distribution.
SOCIAL & SCIENTIFIC SYSTEMS supports policymakers, medical professionals, communities, and citizens to improve public health, such as AIDS clinical trials, analyzing Medicare data, and other health services around the world.
In the center of an exciting revitalization, Wheaton is a great location for your business to grow.