Montgomery County's Job Creation Fund
| Please share with those who might be interested in this important jobs initiative led by Council President Andrew Friedson. |
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| Montgomery County Job Creation Fund 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. Key Program Highlights 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 six 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. Application Process
Interested applicants must meet all eligibility requirements. Get star |
