Provides grants for infrastructure projects to advance innovation and growth in eligible technology sectors. Grants may be awarded to private companies, nonprofit entities, local governments, or colleges and universities.

The Business Expansion Fund is designed to support existing Rockville businesses that seek to lease or purchase additional Class A or B office, industrial, retail or flex space to accommodate their growing needs. Businesses expanding within the corporate limits of the City of Rockville are eligible to receive a grant in the amount of up to $4.00 per square foot for the additional space occupied, with a maximum grant amount of $40,000 per application. Grants are subject to the amount of available funding at the time of application. There are two application deadlines each year–September 30 and April 30.

Small, high growth companies can apply for grants up to $200,000 each ($500,000 total) to support qualified activities that help progress products or services from concept toward commercialization. Coming Soon.

Companies creating a minimum of five jobs paying $100,000 or more in the Life Sciences; Technology; National Nonprofits, Foundations, and Trade Associations; Corporate Headquarters; Clean Tech, or Hospitality sectors can be reimbursed $10,000 for each new eligible job up to $500,000 total. Coming Soon.

Companies seeking funding, facilities, resources, and expertise within Maryland’s public universities to create new products and opportunities can apply for MIPS funding to support up to $90,000 of a $100,000 project.

Companies engaged in R&D with the potential for commercialization may be eligible to apply for highly competitive grant awards of varying amounts (e.g. $100,000 to $2M) to support commercialization projects.