The City of Gaithersburg is a major international location for high-technology companies. Dedicated to providing the best quality of life, the City offers business a stable, attractive community to businesses of all types.
The Office of Economic Development oversees economic development programs and services, assisting existing and potential businesses and industries, preparing marketing materials and strategies, and acting as a liaison between the City and the business community.
In February 2010, the City established an Economic Development Toolbox to provide diversified economic development incentives that could be broadly applied to existing businesses and eligible commercial buildings/spaces across the City. These incentives are generally directed toward existing businesses (those in operation for more than two years) that exhibit growth potential and provide stable, well-paying jobs. All matching grants awarded under these programs are one-to-one matches and are provided on a reimbursement basis.
The program consists of five categories:
- Tenant Fit-up
- Job Training
- Commercial Signage Assistance
- Demolition Assistance
- ADA and Utility Upgrades
Additionally, custom incentives may be available to businesses which exhibit growth potential and create stable, well-paying jobs, but whose potential projects do not fall under any of the program categories. For more information on custom incentives, contact Director of Economic Development Tom Lonergan at email@example.com or 301-258-6310.