Montgomery County Economic Development Corporation - Maryland

Happy Thanksgiving! We are thankful to be able to serve such a diverse, welcoming and thriving business community in #MontgomeryCountyMd. Best wishes this holiday season from everyone at MCEDC.

Great news for the state of Maryland and #MontgomeryCountyMd! Per a recent LendingTree report, Maryland is the #1 state for minority-owned businesses to thrive! Maryland landed in the top 10 in three of the five measured metrics: ? Fourth-highest pay per employee relative to all businesses? ? 25.4% of companies are minority-owned, the sixth-highest share in the U.S.? ? 56.6% have operated for at least six years, the 10th-highest across the country ?? Go Maryland! https://lnkd.in/e9yNDwvZ

CEOs You Should Know?is shining a spotlight on the inspiring leaders shaping Montgomery County’s business community! Don’t miss the chance to hear their stories, successes, and insights and learn how their companies contribute to our thriving and dynamic local economy: “The county has done a great job at luring people in (…)[Montgomery County] has really grown into a really nice cluster of vaccines and cell and gene therapy in this area. We’ve got a great cadre of scientists and people that are experts at developing drugs ” – Bill Enright, Barinthus Biotherapeutics CEO & Board Director. Listen now > https://lnkd.in/eGzBkwmr

Reminder! Tomorrow kicks off the NDI Small Business Hub’s third annual Disability Owned Small Business Convening. We’ll exchange insights, innovative ideas and actionable advice while covering capital, marketing, technology, tools and business organization. We can’t wait to connect with you! Register now at https://lnkd.in/g4MsMaB7. Image description: Square image of a woman wearing a yellow sweater and smiling at a laptop at her home office. Overlayed text is displayed to mimic a smartphone home screen, reading: 12:30pm Wednesday, November 20. Reminder: Disability Owned Small Business Convening this Wednesday & Thursday! Register Now. The NDI Small Business Hub logo is centered above the text.?

#VeteranBusinessOwners and future business owners, there are resources available to aid your business. Not sure where to start? Visit https://lnkd.in/e9huXjZ6. There are also several county, state and federal programs available to servicemembers, veterans, military retirees, military/veteran spouses & dependents: ?? National Veteran Institute For Procurement (VIP) – Training program through the Montgomery County Chamber of Commerce (MCCC). This resource is offered to veterans nationwide at NO cost. Over $37 billion in federal prime contract have awarded to VIP Grads since 2010. ?? https://lnkd.in/edag4cp ?? Maryland Veteran-Owned Small Business Enterprise Program -Provides contracting opportunities on state-funded procurements for qualified veteran-owned small businesses. ?? https://lnkd.in/eyfYjn7X ?? Mid-Atlantic Veterans Business Outreach Center (VBOC) - Provides services, training and other support across Maryland, to servicemembers, veterans, military retirees, military/veteran spouses & dependents, National Guard members, reservists, and otherwise military-connected entrepreneurs. VBOC at the University of Maryland provides the Boots to Business transition assistance program as well as training, workshops, mentoring, government contracts and guidance. ?? https://lnkd.in/dSdrjVMV #MontgomeryCountyMd is proud to support your business goals. Your impact on our business community is invaluable. #economicdevelopment #veteranbiz #businessresources #veteranowned #veteranbusiness #veteranssmallbusinessweek #VetBiz, #NVSBW24

This week, we recognize #VeteransSmallBusinessWeek, supporting businesses owned by our nation’s heroes. We also want to recognize veterans and servicemembers in our business community, including MCEDC’s own Joe Hurst, Economic Development Specialist responsible for nonprofits, defense, government contractors and workforce engagement. Joe honorably served in multiple US Army components. Joe helps businesses in these industries: ??Find office space ??Build relationships with partners for growth ??Navigate the local ecosystem and incentive programs ??Analyze industry trend research to identify market opportunities Connect with Joe today > https://lnkd.in/e6SeGuFd #vetbiz #veteranbusiness #nonprofit #deftech #governmentcontract #healthcare #VSBW

Earlier today, EagleBank announced the relocation of its corporate headquarters! As one of the largest community banks in the region, EagleBank has been an important part of our business community for over 25 years. MCEDC President & CEO Bill Tompkins shares, “Their commitment and investment have played a transformative role in shaping our region, and we look forward to their continued partnership in creating a positive impact in Montgomery County and beyond for years to come.” This strategic move will bring the organization’s Rockville and Bethesda offices together into one centralized space at 7500 Old Georgetown Rd in Downtown Bethesda in late 2025. The state-of-the-art property is owned by In-Rel Properties. ??Congratulations to #TeamEagleBank on the big news! Read more > https://lnkd.in/eUH6TN7r

Exciting news from the Montgomery County Government and Montgomery County Business Center! MOVE Grants are now available to businesses moving AND expanding in #MontgomeryCountyMd. Established in 2014 as a pilot program, the Make Office Vacancy Extinct (MOVE) grant program has disbursed more than $5.2M to 85 businesses occupying more than 703k sf of office space in the county. The program was codified by the Montgomery County Council earlier this year and will be disbursed through the Economic Development Fund. Eligibility Updates: ? > Available for new and existing companies expanding in the county. > Qualified companies signing a commercial lease in the county may receive up to $150,000 for new office space. > There’s no longer a cap on the square footage limitation, so all companies are encouraged to apply. > Grants are based on eligible square feet, as defined in the Executive Regulation. Learn more about the updates and eligibility > https://lnkd.in/ekgzJt-8

This Veterans Small Business Week, we celebrate the courage, determination, and leadership that veterans bring to the business world. Many of our nation’s heroes are now entrepreneurs, leading the way with innovative ideas and creating opportunities for others. #MontgomeryCounty recently announced the opening of the Jobs Creation Fund for applications, a program designed to drive economic growth and continue driving job creation in the county. ?? Eligible businesses based in Montgomery County, Md, in life sciences, advanced technology, cybersecurity, quantum computing or hospitality can receive up to $10,000-12,000 per new job when they create at least five (5) jobs, with a base annual salary of $100k. Learn more at https://lnkd.in/eXCd9K5j #economicdevelopment #veteranbiz #businessresources #veteranowned #veteranbusiness #incentives #lifesciences #advancedtechnology #quantum #quantumcomputing #hospitality #hospitalitytech #VetBiz, #NVSBW24

Great conversations, strong connections, and a shared vision for real estate growth in #MontgomeryCountyMd. Another successful Broker Breakfast ???? gathering happening this morning in the heart of Bethesda! Our team got to share the latest incentive programs available in the county with leading commercial real estate brokers. Thanks to all attendees and Cushman & Wakefield, The Chevy Chase Land Company, for hosting us at 2 Bethesda Metro. This newly renovated building can support tenants of all sizes with office space ranging from 2,057 to 21,845 SF. Check out our website to learn more about the latest updates to Montgomery County's MOVE Grant and the recently launched Job Creation Fund > https://lnkd.in/dCZEjyzp