Targeted tax incentives and financing programs that help businesses to create, expand, and relocate to our community, support our goal of stimulating economic growth, and creating employment opportunities for our residents.
Montgomery County tax incentives:
The State of Maryland offers specialized financing and incentive resources for small, veteran, minority and women-owned businesses. The state offers direct investments and tax credits along with direct loans, grants and loan guarantees. There are programs targeted toward companies interested in relocating or expanding and also programs designed for lenders and economic development partners.
Biotechnology Investor Incentive Program
Montgomery County was first in the nation with a local biotechnology investment incentive program.
The Montgomery County Biotechnology Investor Incentive Program is a supplemental grant available to investors of biotechnology companies located in Montgomery County. Investors who are approved and receive tax credits from the Maryland Biotechnology Investment Incentive Tax Credit Program will automatically receive the supplemental grant from the County. The supplemental grants are typically disbursed between March and May each year for investments made in the previous calendar year.
For more information, contact the Montgomery County Department of Finance at 240-777-8860.
Cybersecurity Tax Credit Supplement Program
The county's local incentive program aimed at spurring job and business growth in the cybersecurity sector. Montgomery County offers a local supplement to the Maryland Cybersecurity Investment Incentive Tax Credit to Qualified Maryland Cybersecurity Companies that receive a final Maryland tax credit certificate and have their headquarters and base of operations in Montgomery County. The program is subject to appropriation of funds. For more information, contact the Montgomery County Department of Finance at 240-777-8860.
Green Investor Incentive Program
This program offers a supplement to investors of green businesses in Montgomery County.