Montgomery County Department of Economic Development
Montgomery County Department of Economic Development is a Maryland county-government agency that provides free business assistance, four incubation centers, tax and financing incentives, tech-transfer services, workforce programs, and small/minority business support to companies operating in Montgomery County.
- Company typePrivate
- Founded2015
- HeadquartersRockville, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Montgomery County Department of Economic Development does
The Montgomery County Department of Economic Development (DED) is the county-government economic development agency for Montgomery County, Maryland, operating under Montgomery County Government from its headquarters at 111 Rockville Pike, Suite 800 in Rockville. Its functional mandate is to stimulate economic growth, attract and retain employers, and create employment opportunities for county residents through tax incentives, financing programs, business development assistance, workforce support, and agricultural land preservation.
The DED's core product portfolio is organized as eight discrete programs rather than a unified software platform: (1) the Business Innovation Network, four incubation centers in Germantown, Rockville, Silver Spring, and Wheaton providing flexible office and lab space, training, legal support, and investor-network access for technology, life sciences, and high-growth professional services firms; (2) the Montgomery County Tech Transfer Program (MCT2), a federal-laboratory commercialization program anchored at the William E. Hanna, Jr. Innovation Center at Shady Grove; (3) the Small and Minority Business Empowerment division, serving over 33,000 small and minority-owned businesses; (4) the Local Small Business Reserve Program, which sets aside 20% of county procurements under $10 million for qualifying local small businesses; (5) Financial and Tax Incentives including the MOVE Program, Economic Development Fund, Small Business Revolving Loan Program, and sector-specific supplements (Biotechnology, Cybersecurity); (6) the Office Hours program offering free one-on-one consultations at 23 partner locations; (7) Workforce Development delivered through WorkSource Montgomery and MontgomeryWorks; and (8) Agricultural Services for land preservation. Underlying infrastructure is largely physical (8 DED-run offices plus partner co-working venues) and event-based (conferences, fairs, Speaker Series).
The DED's business model is a publicly funded government agency model: services are delivered free at point of use to county-based businesses and entrepreneurs, with the agency funded by Montgomery County Government appropriations and state/federal grants rather than commercial revenue. Its customer segments — startups and emerging firms, small and minority-owned businesses, federal contractors, biotech/cybersecurity employers, researchers, and agricultural operators — are served through a segmented vertical approach. Distribution is regional (Montgomery County only), with physical and partner-channel presence but no mobile app or API offering. Note: the data scrape also includes unrelated payday-loan SEO content that appears on the choosemontgomerymd.com domain; this is not a DED product or service.
Montgomery County Department of Economic Development firmographics
Firmographics- Name
- Montgomery County Department of Economic Development
- Legal name
- Montgomery County Department of Economic Development
- Website
- https://choosemontgomerymd.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Montgomery County Department of Economic Development is a Maryland county-government agency that provides free business assistance, four incubation centers, tax and financing incentives, tech-transfer services, workforce programs, and small/minority business support to companies operating in Montgomery County.
- Ownership category
- akta.pro rank
Montgomery County Department of Economic Development industry classification
Industry- Product category
- Government Economic Development Services
- NAICS
- Business Support Services (5614)
- SIC
- Services-Management Services (8741)
- akta.pro primary industry
- Economic Development & Business Licensing (Local) (BPAIACAN)
- akta.pro secondary industry
- Public Workforce Development Programs (WIOA/One-Stop Career Centers) (EDAAAOAA)
Keywords
Where Montgomery County Department of Economic Development is headquartered
LocationHeadquarters
- HQ city
- Rockville
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Montgomery County Department of Economic Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Government Economic Development Services: The Montgomery County Department of Economic Development operates as a government agency providing economic development services to stimulate growth and create employment opportunities for county residents. Services include tax incentives, grants, loans, business development assistance, and workforce support programs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Free business assistance services |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Montgomery County Department of Economic Development product offering
Product offeringCore offering
The Montgomery County Department of Economic Development (DED) is a county government agency that delivers economic development services to stimulate growth and create employment. Its portfolio includes the Business Innovation Network (four business incubation centers with flexible office and lab space), the Montgomery County Tech Transfer Program (MCT2) for federal-lab technology commercialization, the Small and Minority Business Empowerment division, the Local Small Business Reserve Program (20% of procurements under $10 million reserved for local small businesses), a suite of tax and financial incentives (MOVE Program, Economic Development Fund, New Jobs Tax Credit, Brownfield Property Tax Credit, Green Building Tax Credit, biotech/cybersecurity supplements), the free Office Hours one-on-one business assistance program, workforce development services, and Agricultural Services.
Product overview
Montgomery County Department of Economic Development offers a comprehensive suite of economic development programs and services organized as multiple distinct initiatives rather than a unified software product. The portfolio includes the Business Innovation Network (four business incubation centers), the Montgomery County Tech Transfer Program (MCT2) for technology commercialization, Small and Minority Business Empowerment services, the Local Small Business Reserve Program for government contracting, Financial and Tax Incentives programs, the Office Hours one-on-one business assistance program, Workforce Development support, and Agricultural Services. These are government programs and services, not software products.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Innovation Network A network of four business incubation centers providing flexible office and lab space combined with business support services, training classes, legal support, and access to federal grant programs, state funding, and the investor community for emerging technology, life sciences, and high-growth professional services companies. Founded in 1999, the network works with approximately 100 teams at any given time and has graduated over 200 companies.
- Montgomery County Tech Transfer Program (MCT2) Technology transfer initiative assisting local businesses, entrepreneurs, researchers, and investors in commercializing federal-lab and university technologies. Includes the Gateway to Innovation Welcome Center at the William E. Hanna, Jr. Innovation Center at Shady Grove, monthly Speakers Series, Innovation 2 Commercialization Conference, access to local tech transfer events, partnership and networking opportunities, and Certificate Programs.
Quantifiable outcome
- Over 200 companies graduated from Business Innovation Network
- +1 more outcomes
Companies that use Montgomery County Department of Economic Development
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
Montgomery County Department of Economic Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Montgomery County Department of Economic Development partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- African Women's CouncilcoreOrganization supporting small and minority businesses through strategic partnerships focused on advancing opportunities in Montgomery County.
- Latino Economic Development CentercorePartner organization providing economic development services to Latino-owned businesses in the county.
- Maryland/D.C. Minority Supplier Development CouncilcoreOrganization advancing opportunities for minority businesses through certification and procurement connections.
- Maryland Small Business Development Center NetworkcoreNetwork providing small business development resources and technical assistance.
- Maryland Washington Minority Contractor's AssociationcoreAssociation supporting minority contractors through advocacy and business development programs.
- Maryland Women's Business CentercoreResource center providing training and support for women-owned businesses.
- SCOREcoreMentor network providing business expertise and guidance to small businesses through volunteer business professionals.
- U.S. Small Business AdministrationcoreFederal agency partner providing small business resources, financing programs, and contracting assistance.
- Women Business Owners of Montgomery CountycoreLocal organization supporting women entrepreneurs through networking and business development opportunities.
Scale indicators9 records
Recent moves8 records
Expansion highlights5 records
Montgomery County Department of Economic Development competitors and assessment
Company assessmentDirect peers
- Arlington Economic Development: Direct peer as a county/city-level economic development agency in the Washington DC metro area, competing for tech, government contractor, and corporate headquarters relocations with a comparable service portfolio.
- Prince George's County Economic Development Corporation: Direct peer as an adjacent Maryland county economic development corporation, competing for businesses, federal contractors, and workforce in the same Washington DC metro region with overlapping incentive offerings.
- Fairfax County Economic Development Authority: Direct peer as a county-level economic development authority in the neighboring Northern Virginia jurisdiction. Operates comparable business attraction, retention, and expansion programs targeting similar sectors (IT, cybersecurity, professional services) and competing for the same regional business base.
- Howard County Economic Development Authority: Direct peer as a Maryland county-level economic development authority that competes with Montgomery County for relocating and expanding businesses. Offers comparable incentive programs and business assistance services to a similar mid-Atlantic business community.
- Loudoun County Department of Economic Development: Direct peer as a Virginia county economic development agency in the DC metro area, actively competing for data center, cybersecurity, and technology company relocations with comparable incentive programs and proximity to Dulles International Airport.
- Baltimore County Department of Economic and Workforce Development: Direct peer as a Maryland county-level economic and workforce development agency, providing comparable business attraction, retention, and workforce training services within the same state policy framework.
Broad incumbents
- Maryland Department of Commerce: State-level economic development agency that oversees and complements county DEDs across Maryland, including providing state tax credits and programs that Montgomery County businesses access through the DED. Operates as a broader incumbent in the same public-sector economic development space.
- Virginia Economic Development Partnership: State-level economic development marketing and incentive authority that competes with Maryland for business relocations across the DC metro region. Offers broader portfolio of state-level incentives that complement or compete with Montgomery County's offerings.
Regional players
- Greater Washington Partnership: Regional public-private collaborative focused on economic competitiveness across the DC-Maryland-Virginia corridor. Operates as a complement/overlay to county-level agencies like the Montgomery County DED, with overlapping focus on workforce and capital attraction.
Others
- SBA (U.S. Small Business Administration): Federal partner and ecosystem enabler for the DED's small business programs. While not a direct competitor, the SBA provides overlapping small business development services (SBDCs, SCORE, financing programs) that the DED connects clients into as a referral partner.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Montgomery County Department of Economic Development social profiles
Digital presenceMontgomery County Department of Economic Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Montgomery County Department of Economic Development leadership team
Management profileNumber of profiles
Profiles1 record
Montgomery County Department of Economic Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Montgomery County Department of Economic Development M&A and investment
M&A and investmentM&A
Investments1 record
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Frequently asked questions about Montgomery County Department of Economic Development
What does Montgomery County Department of Economic Development do?
The Montgomery County Department of Economic Development (DED) is a county government agency that delivers economic development services to stimulate growth and create employment. Its portfolio includes the Business Innovation Network (four business incubation centers with flexible office and lab space), the Montgomery County Tech Transfer Program (MCT2) for federal-lab technology commercialization, the Small and Minority Business Empowerment division, the Local Small Business Reserve Program (20% of procurements under $10 million reserved for local small businesses), a suite of tax and financial incentives (MOVE Program, Economic Development Fund, New Jobs Tax Credit, Brownfield Property Tax Credit, Green Building Tax Credit, biotech/cybersecurity supplements), the free Office Hours one-on-one business assistance program, workforce development services, and Agricultural Services.
Is Montgomery County Department of Economic Development a public or private company?
Montgomery County Department of Economic Development is a private company. It is classified as state government owned and is currently operating.
When was Montgomery County Department of Economic Development founded?
Montgomery County Department of Economic Development was founded in 2015. It employs 5,001 to 10,000 people.
Where is Montgomery County Department of Economic Development based?
Montgomery County Department of Economic Development is headquartered in Rockville, United States, in the North America region.
How does Montgomery County Department of Economic Development make money?
One revenue line is on record: government Economic Development Services.
Who are Montgomery County Department of Economic Development's main competitors?
Direct peers on record are Arlington Economic Development, Prince George's County Economic Development Corporation, Fairfax County Economic Development Authority, Howard County Economic Development Authority, Loudoun County Department of Economic Development and Baltimore County Department of Economic and Workforce Development. Broad incumbents are Maryland Department of Commerce and Virginia Economic Development Partnership. Greater Washington Partnership is listed as a regional player. SBA (U.S. Small Business Administration) is listed as an others.
Does Montgomery County Department of Economic Development have an API?
No public API is recorded for Montgomery County Department of Economic Development.
What industry is Montgomery County Department of Economic Development in?
Montgomery County Department of Economic Development's product category is Government Economic Development Services. Its primary akta.pro industry code is BPAIACAN, Economic Development & Business Licensing (Local), with a secondary code of EDAAAOAA, Public Workforce Development Programs (WIOA/One-Stop Career Centers). Its NAICS code is 5614 and its SIC code is 8741.