July 19, 2016
Choosing Rockville Has Never Been Smarter
If we’re being honest, we’ve all probably bought something because we were offered a special deal – “Buy two, get one free!” If you were already thinking about buying the item, there’s a decent chance the special will motivate you to purchase an extra! And if you hadn’t even really been considering buying it, but you see a great deal, you might consider it.
While we hope you take more time weighing the decision to lease your first office space or expanding your current footprint, REDI recently launched a duo of incentive programs to serve a similar role as a limited time pricing special.
Spurring Growth Among Our Existing Businesses
While attracting an international headquarters or a company with 500+ jobs is sure to make the headlines in the economic development world, the reality is that most of the new jobs in Rockville come from our existing businesses as the demand for their products or services increases. By creating the Business Expansion Fund, REDI has a tool to keep strong companies in Rockville and encourage their expansion.
This program provides one-time grants, up to $5.00 per square foot, to companies in high-growth industries that lease or purchase a minimum of 1,000 square feet of commercial space (flex, industrial, or office). Continuing the “impulse buy” analogy, consider the Business Expansion Fund as a means for Rockville to get its strongest customers to consume additional product– a mutually-beneficial outcome that keeps both parties satisfied.
Adding To Our Strong Business Community
Identifying and ultimately converting new customers is the most difficult aspect of sales. Consider the millions of dollars spent on Super Bowl commercials each year, or the plethora of ads you experience on the internet, aimed at grabbing your attention. As REDI markets Rockville as an outstanding place to do business, the creation of the Rockville MOVE Program provides an eye-catching incentive to help close deals.
Designed for companies that are opening their first location in Montgomery County, this program provides one-time grants up to $4.00 per square foot of leased or purchased commercial space (flex, industrial, and office). The Rockville MOVE Program is a supplement to the County’s own MOVE Program, which offers up to $8.00 per square feet. With combined assistance of up to $12.00 per square feet, the programs offer businesses a strong reason to consider locating here and show that Rockville and Montgomery County are a great 2-for-1 deal!
If you are interested in learning more about the Business Expansion Fund, Rockville MOVE Program, or other incentives available for your company just give us a call at (301) 355-2202.
– Michael Stiefvater, AICP, Business Development Manager