Why Montgomery County, MD

Incentives

Accelerate Your Business Growth

Montgomery County, Maryland, offers industry leaders a range of incentives and support programs to drive their businesses forward. Our team is here to assist you in navigating available grants, loans, tax credits, and other incentives to support your company’s growth.

Category: Loans. Reset

Accelerating Community Excellence (ACE) Loan Program

Loans

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

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Advantage Maryland (MEDAAF)

Loans

A flexible and broad-based program, Advantage Maryland (also known as MEDAAF) funds grants, loans and investments to support economic development initiatives. Uses include business attraction and retention, infrastructure support, brownfield redevelopment, arts and entertainment districts, daycare, revolving loan funds, and local strategic planning. Projects must be within Priority Funding Areas and eligible industry sectors. Awards are made on a competitive basis.

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Photo Credit: Silver Spring Innovation Center
Photo Credit: Germantown Innovation Center
Photo Credit: Rockville Innovation Center
Photo Credit: Propel Labs
Photo Credit: Propel Labs
Photo Credit: Henry Jackson Foundation Innovation Labs

Innovation Centers

Montgomery County, Maryland, is home to many privately owned and publicly managed incubators and accelerators. Start-ups and early stage companies have access to a full menu of resources and support services to help them grow their business. The Montgomery County Government Business Innovation Network includes four innovation centers in Rockville, Silver Spring and Germantown.

Montgomery County Business Innovation Network