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The Silver Spring Central Business District (CBD) is a State of Maryland Enterprise Zone, and a federally designated Empowerment Zone. This entitles qualified businesses who locate or expand their businesses in the CBD to take advantage of several incentive programs. Call the Silver Spring Regional Services Center at (301) 565-7300 for more information. (Montgomery County Commuter Services) This program offers matched dollars to contributing organizations for employees’ transportation to and from the workplace. Eligible means of public transit include Ride-On, Metrobus, Vanpools, Metrorail, MARC Train and others. The full amount of the combined public/private contribution is tax deductible. For more information, call (301) 770-7665 (POOL) or visit Communter Services. Economic Development – Small Business Services The department offers counseling, legal assistance, and training to small and minority businesses. For more information on how to start or move a business in Montgomery County, Maryland visit Business Services. Financial resources available include the Small Business Revolving Loan Fund, Economic Development Fund, Technology Growth Fund, and Microenterprise Funds. Additional information may be accessed at Funding Information. & Economic Development (MD DBED) This department provides several funding programs to help businesses with loans and grants. Visit www.choosemaryland.com or call 410-767-6300. Many other programs are available for small businesses, minority and disadvantaged businesses, agriculture, transportation and more. & Community Development (MD DHCD) Provides financing, tax credits and other programs to businesses who meet criteria, including locating in Enterprise or Empowerment Zones, hiring from qualified low-income groups, encouraging employees’ use of mass transit and purchasing a home near the workplace, etc. Visit www.dhcd.state.md.us < Back |
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