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Montgomery County Economic Development Grant & Loan Program (Job Creation Fund) is sponsored by Montgomery County, Maryland Department of Finance. This opportunity supports mission-aligned projects and measurable outcomes.
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Job Creation Fund – Montgomery County Economic Development Corporation Why Montgomery County, MD Accelerate Your Company’s Growth with Montgomery County’s Job Creation Fund Employers based in Montgomery County, Md. that are company headquarters* or national nonprofit organizations, or in one of the industries listed below may be eligible for up to $500,000 in grant funding to support their growth and expansion.
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.
Businesses must be located in Montgomery County, Md, operate in one of the below target industries and hire a minimum of five full-time employees within twelve months of submitting an application. Target Industries: Life Sciences, Advanced Technology, Cybersecurity, Quantum Computing, Hospitality. Funding: Awards range from $10,000 to $12,000 per qualifying job, with a maximum total award of $500,000 per company.
Rolling Applications: Apply as soon as you’re ready, with funds awarded on a first-come, first-served basis until they are fully expended. We encourage companies to take advantage of this opportunity to spur their growth, but also to think strategically about their expansion.
*Company headquarters means a facility where the majority of a business entity’s financial, personnel, legal, and planning functions are handled on a regional or national basis. Eligible companies must submit an Application to the Montgomery County Department of Finance.
As part of the Application, the applicant will indicate the anticipated number of qualifying positions to be filled during the eligible period, as well as the anticipated hiring schedule for those positions. The date of submission of the Application will serve as the start date for a twelve-month period during which the company must hire a minimum of 5 qualifying employees.
If the company applicant would like to hire additional qualifying employees beyond the initial 5, they would have up to twenty-four months after the submission of the application to complete that hiring. The company must hire all qualifying employees within two years of submitting an application. Ready to Expand with New High Paying Jobs?
Interested applicants must meet all eligibility requirements. Get started on your business expansion today with Montgomery County’s Job Creation Fund. For any questions about the Job Creation Fund, please contact: FIN.
EconomicDevelopmentFund@montgomerycountymd. gov . This field is for validation purposes and should be left unchanged.
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According to the current listing, eligibility includes: Employers based in Montgomery County that are company headquarters or national nonprofits, or in specified industries; must create at least five new qualifying jobs within twelve months. Confirm the full requirements in the official notice before applying.
The current listing shows varies (maximum of $150,000 for Business Expansion Fund for office space). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Montgomery County Economic Development Grant & Loan Program (Job Creation Fund) is funded by Montgomery County, Maryland Department of Finance. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Maryland. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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