Financial assistance to private employers who retain jobs or stimulate new job creation in Montgomery County.
Priority is given to the following businesses:
The typical amount of EDF assistance ranges from $5,000 to $100,000. Higher amounts are possible for businesses involved in large projects.
Projected employment growth and capital investment, or other positive economic impacts that the County's assistance will facilitate.
The applications will be further evaluated using “priority” criteria to arrive at a funding decision.
Priority will be given to:
The MOVE program is an innovative approach intended to attract new businesses to Montgomery County, Maryland. Eligible new businesses will receive a one-time grant upon signing a commercial lease within the county.
Businesses new to the county that lease up to 10,000 square feet of Class A or B office space in the county may receive a grant of $8/sf. All industries (except retail and restaurant) and all leases up to 10,000 square feet are eligible.
Participation in the program involves 3 simple steps:
Montgomery County Department of Finance
101 Monroe Street, Suite 1500
Rockville, MD 20850
Supporting documentation includes a copy of the signed lease and evidence of occupancy (i.e., a utility bill). Please see the application for a complete list of required documents.
Applications must be received within 90 days of lease signing.
Once an application is reviewed and approved, the applicant will receive a grant based on the square feet leased. A pre-qualification letter can be issued upon request.
What People Are Saying:
“Being in one of the most educated, commuter-friendly and culturally rich business centers of Montgomery County will greatly accelerate the continuing growth and success of L-Soft. As a pioneer in the permission email industry, L-Soft is pleased to be the first company in the county’s innovative MOVE program, and we look forward to many more decades of success and strong relationships with our current and future customers, in the National Capital area and around the world.”
— Eric Thomas,
Founder and CEO of L-Soft and inventor of LISTSERV
“This rent subsidy will greatly enhance Montgomery County's reputation as a pro-business environment. Office rents are typically one of the highest expenses on a company's financial statement and the proposed subsidy represents a significant reduction in start-up and relocation expenses. The workplace has now become both a hiring and retention tool for employers. As these employers seek to attract the best and brightest employees while also reigning in real estate costs, this subsidy will create a competitive advantage for Montgomery County, not only as a place to work, but also to live.”
—Scott C. Randolph,
Senior Vice President, TRANSWESTERN
Direct loans or participation in loans made by other financial institutions to small businesses in Montgomery County.
*Commercial lending information is provided as a courtesy and does not imply endorsement by Montgomery County Government.