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Incentives To Spur Business Growth

Montgomery County, Maryland, offers industry leaders a range of incentives and support programs to drive their ventures forward. Our team of economic developers are here to assist you in navigating available grants, loans and other incentives aimed at maximizing your company’s impact.

Incentives

Incentives tagged Grants. Reset

Montgomery County Biotechnology Investor Incentive Program

Supplemental grant available to investors in biotechnology companies located in the county. Approved investors that receive Maryland State tax credits will automatically receive the supplemental grant.

Incentive: Grants

Tags: Biotech/Life Science, Technology

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Montgomery County Economic Development Grant and Loan Program (EDFGLP)

Financial assistance to private employers who retain jobs or stimulate new job creation in Montgomery County. Priority is given to the following businesses: high technology companies, manufacturing companies, businesses located in urban revitalization areas, and other private employers providing the greatest public benefits.

Incentive: Grants

Tags: All Businesses, Biotech/Life Science, Technology

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Montgomery County Job Creation Fund

The Montgomery County Job Creation Fund offers businesses a powerful incentive to expand their workforce. Eligible companies creating at least five (5) new full-time, permanent jobs with a base annual salary of $100,000 (excluding benefits) can receive up to $10,000 per new job created. For businesses located in Community Equity Index disadvantaged areas, this award increases to $12,000 per job.

Incentive: Grants

Tags: Biotech/Life Science, Cybersecurity, Hospitality, Quantum Computing, Technology

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Montgomery County MOVE Grant Program

The updated MOVE grant program helps businesses that are signing their first commercial lease or expanding their existing lease by at least 500 square feet in office space. Qualified companies signing a commercial lease in the county may receive up to $150,000 for a new office space. MOVE grant awards are funded on a first-come, first-served basis based on the date of receipt of submitting all required documentation and subject to availability of funding.

Incentive: Grants

Tags: All Businesses, Biotech/Life Science, Cybersecurity, Hospitality, Nonprofits, Quantum Computing, Technology

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Montgomery County SBIR/STTR – Matching Grant

The only County SBIR/STTR match program of its kind in the country, the Montgomery County SBIR/STTR Matching Grant Program helps companies that have recently received an SBIR/STTR Phase 1 or Phase 2 award for biotechnology, medical or life sciences research. Eligible companies may receive non-dilutive funding for up to $5,000 reimbursement of technical assistance costs associated with applying for a first SBIR/STTR award (BIR/STTR Phase 0), up to $25,000 to SBIR/STTR awardees who have received no more than 2 prior Phase 1 awards (SBIR/STTR Phase 1); and up to $50,000 to SBIR/STTR awardees who have received no more than 4 prior Phase 1 awards and no more than 1 prior Phase 2 award (SBIR/STTR Phase 2).

Incentive: Grants

Tags: All Businesses, Biotech/Life Science, Nonprofits, Technology

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Partnership for Workforce Quality (PWQ)

State reimbursement grant for staff training costs at technology & manufacturing companies.

Incentive: Grants

Tags: Technology

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Montgomery County Government Business Center

Companies that are not within Montgomery County Economic Development Corporation’s key industries should connect directly with the Montgomery County Government Business Center to access support services.

Bethesda, Maryland

Growth and Opportunities in Montgomery County, Md.

See the latest business and investment opportunities within the county.

Resource Library

Explore our resource library to access relevant information on available incubators, accelerators and other organizations within our business ecosystem.

REGENXBIO – Rockville, Maryland
Silver Spring, Maryland

Mentoring & Networking

Access mentoring opportunities for early-stage businesses and entrepreneurs.

Rockville, Maryland

CONTACT

Advance in Maryland’s Montgomery County

Our team of economic developers stands ready to provide comprehensive market intelligence, tailored site selection support, and specialized assistance to businesses seeking to establish or expand a presence within the county. Discover new opportunities to propel your enterprise toward unparalleled success.