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Known for the Companies We Keep

Helping Businesses Launch, Locate, and Expand in the City of Rockville, Maryland

Business Funding & Incentives

Tax Credits for Priority Investment

Green Building Tax Credit
from the City of Rockville

  • A financial incentive for property owners to renovate their buildings to meet LEED Silver, Gold, or Platinum certification and ENERGY STAR certification.
  • Available to existing commercial buildings and multifamily residential structures with four or more stories.
  • The maximum annual tax credit is $60,000 per applicant for a five-year period.
  • For more information please contact the Environmental Management Division at (240) 314-8872.

 
Biotechnology Investment Incentive Tax Credit
from the State of Maryland

  • Provides an investor with income tax credits equal to 50% of an eligible investment in a Qualified Maryland Biotechnology Company.
  • The maximum tax credit is limited to $250,000 per fiscal year for each QMBC.
  • For more information please contact Mark Vulcan at (410) 767-6438.

 
Biotechnology Investor Incentive Program
from Montgomery County

  • A supplemental grant to the State’s program available to investors of biotechnology companies located in the County.
  • Investors who are approved and receive tax credits from the State’s program will automatically receive the supplemental grant.
  • For more information please contact Gene Smith at (240) 777-2000 or gene.smith@montgomerycountymd.gov

 
Cybersecurity Investment Incentive Tax Credit
from the State of Maryland

  • Provides a refundable income tax credit to Qualified Maryland Cybersecurity Companies that secure investment from qualified investors.
  • QMCC’s receive a credit equal to 33% of an eligible investment with a limit of $250,000 for each investor per fiscal year.
  • A QMCC is a company that has fewer than 50 employees, has been an active business for less than 5 years, and is based in Maryland, among other requirements.
  • For more information please contact Mark Vulcan at (410) 767-6438

 
Local Cybersecurity Investment Incentive Tax Credit Supplement
from Montgomery County

  • County-based companies that receive a final tax credit certificate for the Maryland cybersecurity investment tax credit are eligible for the local supplement the following year.
  • For more information please call (240) 777-2000.

 
Research and Development Tax Credit
 from the State of Maryland

  • Businesses that have qualified R&D expenditures in the State may qualify for two income tax credits, the Basic R&D and the Growth R&D.
  • The Basic R&D Tax Credit is equal to 3% of eligible expenses, while the Growth R&D Tax Credit is equal to 10% of eligible expenses.
  • For more information please contact Stacy Kubofcik at (410) 767-4980.

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