Incentives

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.

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. At this time, due to the overwhelming success of the program, all available grant funds for the current fiscal year have been fully allocated, and Montgomery County is no longer accepting applications.

Funded through the State of Maryland’s Video Lottery Terminal (VLT) loan program, loans are available to small, minority, and woman-owned businesses.  MCEDC partners with the Latino Economic Development Center (LEDC) as our fiduciary partner to assist eligible small businesses in underserved communities. The program is open to small, woman, and minority-owned businesses across the state of Maryland

International companies opening their first office, lab or coworking space in the U.S. or first East Coast operation can receive up to $10,000 to reimburse their initial business registration, rent and other costs related to locating in Montgomery County innovation space.