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Rockville ranked 8th best place to live in Maryland in 2023 Niche report

outdoor photo of Rockville

Rockville's diversity, public schools, health & fitness and family-friendly appeal helped earn the city a top spot on Niche's list

Niche.com, a popular website that provides rankings, reviews and data on various aspects of cities, schools, colleges, neighborhoods, and workplaces around the U.S., recently published its 2023 ‘Best Places to Live’ lists, ranking Rockville as the 8th best place to live in Maryland.

Niche’s ranks over 50,000 U.S. cities by collecting and analyzing data from federal and local government data sets including education, housing, diversity, crime rates, employment opportunities and amenities.

Niche’s top 10 Best Cities to Live in Maryland in 2023 are:

  1. North Bethesda
  2. North Potomac
  3. South Kensington
  4. Chevy Chase
  5. Bethesda
  6. Ellicot City
  7. Potomac
  8. Rockville
  9. Fulton
  10. Four Corners

View Niche’s profile on Rockville at https://www.niche.com/places-to-live/rockville-montgomery-md/

Life science talent continues to thrive in the Washington D.C./Baltimore area according to 2023 CBRE report

Lab worker writing on test tube

The greater Washington region ranked 3rd among 25 U.S. metros for life science talent in 2023

According to the 2023 U.S. Life Sciences Research Talent report from CBRE, a leading commercial real estate company, the Washington D.C./Baltimore area has been ranked among the top three regions for life science talent. Out of the twenty-five markets reviewed across the nation, the greater Washington region secured the 3rd position this year. The first and second spots were taken by the Boston/Cambridge and San Francisco Bay Area, respectively.

In the previous year (2022), the Washington D.C. metro area was ranked 2nd among the top U.S. metros for life science research talent. The report highlights that while New York/New Jersey, the most populous metro in the country, houses the majority of life science researchers, the Boston/Cambridge, San Francisco Bay Area, and Washington D.C./Baltimore regions each have less than half of New York/New Jersey’s population but a comparable number of life science researchers. This suggests a higher concentration of life science researchers per capita in these metros due to the intensity of life science research activity.

CBRE’s report also reveals that the greater Washington area has a significant number of graduates specializing in biotechnology. Additionally, it points out that markets producing a large number of specialized biological and biomedical sciences research talent generally receive substantial funding from the National Institutes of Health.

The U.S. Life Sciences Research Talent report provides a comprehensive analysis of various data, including the total number and per-capita concentration of researchers and annual college graduates with life sciences-related degrees in each market. To access the full report, visit https://www.cbre.com/insights/books/us-life-sciences-research-talent-2023

Rockville Economic Development, Inc. (REDI) launches ‘Explore Rockville: Global Bites’ campaign

Residents and visitors can download a free digital dining passport pre-loaded with $25 worth of vouchers

Rockville, Md., May 23, 2023 – Rockville Economic Development, Inc. (REDI) proudly announced the launch of the Explore Rockville: Global Bites pilot program, the first-of-its-kind initiative celebrating the diversity of cuisine across Rockville, Maryland. This 10-day program, running from June 2 to June 11, aims to highlight and promote the varied, award-winning international fare available within our own community. Rockville has become a premier dining destination of the DMV and continues to grow year-over-year.

Starting today, consumers can download a free digital dining passport (available via Apple and Google Wallets) pre-loaded with $25 worth of vouchers which can be redeemed beginning June 2 in $5 increments for dine-in or take-away purchases (excluding alcohol) of orders $25 and over. With over 10 international cuisines to choose from, diners can easily embark on a culinary journey across cultures every day of the week.

“Explore Rockville: Global Bites is an innovative way to promote Rockville’s culinary scene and encourage residents and visitors to dine out and experience the variety of international cuisines available in the city,” said Cindy Rivarde, CEO of REDI. “We are thrilled to offer this program to the community, and we hope it will drive sales to restaurants and help establish Rockville as a premier dining destination in the region.”

This is an excellent opportunity for foodies and adventurous eaters to explore the world through food at a discounted price without leaving Rockville. The digital dining passport can be easily downloaded to your Apple or Google wallet, and the full list of participating restaurants is available on the Explore Rockville: Global Bites webpage.

“We’re excited to be part of the Explore Rockville: Global Bites pilot program and to be recognized as one of Rockville’s premier dining destinations. This program not only allows us to showcase our Spanish cuisine, but also encourages the community to explore and support the vibrant restaurant scene in Rockville,” noted Chef George Rodrigues of El Mercat Bar de Tapas.

Please note that the Global Bites dining passports are limited in supply and issued on a first-come, first-served basis. Diners who were unable to obtain a dining passport are still encouraged to enjoy the offerings of the Explore Rockville: Global Bites restaurants, which represent a small sampling of the remarkable dining scene in Rockville.

For more information on the Explore Rockville: Global Bites pilot program, including how to download the dining passport and a list of participating restaurants, please visit https://explorerockville.org/global-bites or follow @explorerockville on Instagram or Facebook.


About REDI

Rockville Economic Development, Inc. (REDI) is a public-private partnership that helps businesses launch, locate, and expand in the City of Rockville, Maryland. Committed to economic development, REDI is proactive in its efforts to support existing industry and attract new businesses with the tools to get started in Rockville, and resources and guidance to existing businesses in the city. To learn more, visit: https://rockvilleredi.org/



Heather Mahoney, Haute Haus Agency
240.271.5762 | heather@hautehausagency.com


TEDCO announces investment into Rise Therapeutics

The biotechnology company received follow-on funding to accelerate ongoing clinical development efforts

Columbia, Md., May 8, 2023 – TEDCO, Maryland’s economic engine for technology companies, announced a recent Seed Funds investment of $200,000 into Rise Therapeutics, a Maryland-based biotechnology company. TEDCO’s Seed Funds invest in early-stage, technology and life sciences companies and provides access to gap financing.

“We are thrilled to receive this follow-on investment from TEDCO,” said Gary Fanger, Ph.D, president and CEO of Rise Therapeutics. “This funding will allow us to accelerate our ongoing clinical development efforts and move closer to bringing our synthetic biology-based immunotherapy drugs to market; we are grateful to TEDCO for their support.”

Rise Therapeutics, based in Rockville, Md., is a clinical-stage biotechnology company focused on developing innovative treatments for devastating diseases. Rise has developed the Tripartite X drug delivery platform that leverages synthetic biology medicine to enable safe and effective oral delivery of biological therapies. TPX can be utilized to deliver a variety of protein-based drugs, including complex immunotherapy applications.

“The innovative minds at Rise Therapeutics are working to advance the biotechnology industry. Through these efforts, they are helping to grow Maryland’s innovation ecosystem,” said TEDCO chief investment officer, Solomon Asad. “TEDCO is looking forward to continue being a part of their journey.”

Previously, Rise Therapeutics received funding from TEDCO to support the validation of its drug delivery platform technology. This funding is supporting the advancement of Rise Therapeutic’s lead drug candidate, R-3750, through Phase I clinical testing for the treatment of inflammatory bowel disease (IBD).

TEDCO’s Seed Funds provide investment opportunities to companies in Maryland that either show promise of becoming venture fundable companies, or that are predicted to be sustainable through customer revenue, follow-on funding, or other forms of corporate venture. 

For more information about TEDCO’s funding opportunities, visit https://www.tedcomd.com/funding.

About Rise Therapeutics

Rise Therapeutics is a clinical-stage, privately held company located in Rockville, Maryland which leverages its expertise in synthetic biology and immunological drug development to create novel cellular-based immune therapies. With a strong emphasis on product development and its internal clinical GMP manufacturing infrastructure, Rise is focused on developing immunological-based biological medicines using a unique and proprietary oral biologics delivery platform. For more information, go to www.risetherapeutics.com

Business Spotlight: I. M. Systems Group, Inc.

Imelda Martin-Hum, I.M. Systems Group, Inc. President and CEO

"We've extended our experience and knowledge to tackle global environmental intelligence needs especially in the Southeast Asia and Pacific areas facing climate change challenges."

What is I.M. System Group’s primary area of expertise?

Founded in 1987, IMSG has grown from an IT company into a science-based company with broader applied research and development, research to operations, system engineering, and an IT services company over the past three decades, winning numerous notable awards including the former Vice President’s Hammer Award, Best Small Business of the Year, among others.

Who are your clients, and how does IMSG work with them?

We support the federal government (such as the National Environmental Satellite, Data, and Information Services and the National Weather Service)  and private industry in a variety of contracts and partnerships. Our work with clients includes satellite environmental monitoring, numerical weather modeling, software engineering, and environmental visualization.

What unique qualities or strengths differentiate IMSG from others in your industry?

Over 85% of our employees have masters or doctoral degrees in earth science and engineering disciplines. We have further extended our experience and knowledge to tackle global environmental intelligence needs especially in the Southeast Asia and Pacific areas that are facing climate change challenges.

Why did IMSG choose to locate in Rockville?

We are a proud member of our local community, committed to contributing our proven capability to help build a robust and resilient infrastructure for the commonwealth, growing and sustaining the local economy.

How does IMSG stay current with industry trends and innovations?

Everything we do at IMSG is based on a foundation of integrity, agility, experience and a desire to not only meet the standards of our industry, but also exceed them at every turn, while we strongly embrace equity, diversity, and inclusion as parts of our core value.

About I. M. Systems Group, Inc.

I. M. Systems Group (IMSG) is a leader in environmental scientific and technical support for land, atmospheric, oceanic, and marine application. IMSG has implemented ISO 9001:2008 Quality Management System, CMMI Level 2, ISO 27001:2013 Information Security Management, and ISO 20000-1:2011 IT Service Management System. Learn more at https://imsg.com/

Governor Moore announces $15 million available for small business relief

The $15 million investment is the latest through the State Small Business Credit Initiative

Annapolis, Md., May 15, 2023 – Governor Wes Moore announced a $15 million commitment to minority-led small business lender Lendistry to provide relief to Maryland small businesses. The commitment is the latest investment through the State Small Business Credit Initiative, through which Maryland is deploying up to $198 million in federal relief.

“As the first Community Development Fund Institution to begin offering loans through Maryland’s State Small Business Credit Initiative program, Lendistry will unlock opportunities for small businesses to grow and expand in the state,” said Gov. Wes Moore. “Through this infusion of funds, the state can work with lenders to reach even more businesses that need investment to support their success.”

The initiative is administered by three state agencies through nine programs. Through the Department of Housing and Community Development’s Neighborhood BusinessWorks Loan to Lender program, Lendistry will be able to lend up to $250,000 to small businesses that are owned and operated by Socially and Economically Disadvantaged Individuals; Very Small Businesses; or are in Community Development Financial Institutions Investment Areas.​​

“The Neighborhood BusinessWorks program is a great resource to stimulate investment in communities that are prime for revitalization,” said Maryland Department of Housing and Community Development Secretary Jake Day. “The funds allow us to go above and beyond the department’s regular lending capacity and serve even more businesses across the state.”

Maryland was the first state in the nation to submit its State Small Business Credit Initiative deployment plan to the U.S. Treasury Department, and was one of the first five states to be approved for the funding.

Lendistry is a minority-led small business and commercial real estate lender that is dedicated to providing economic opportunities and progressive growth for borrowers and their communities. In 2022, Lendistry became the nation’s only African American-led Small Business Administration-designated Small Business Lending Company.

ince Lendistry was established in 2015, it has deployed more than $8.9 billion in small business loans and grants across the country, and supported more than 595,000 small businesses. It has allocated more than 74% of the funding to minority-owned businesses.

“Lendistry is committed to giving small businesses the best possible chance at fair and responsible financing they need to grow, and I’m confident this partnership will make a significant impact,” said Lendistry CEO, Everett K. Sands. “State Small Business Credit Initiative programs help compensate for common shortfalls that underserved and undercapitalized business borrowers experience. Combining these programs with our accessible fintech platform will make a positive difference for Maryland communities that have been ready to grow for a long time.”

State Small Business Credit Initiative program funds are also administered by the Maryland Department of Commerce, and the Maryland Technology Development Corporation. To learn more, visit open.maryland.gov/ssbci.

To apply for a loan through Lendistry, go to https://dhcd.maryland.gov/Business/Pages/SSBCI/SSBCI-NBW.aspx#ParticipatingCDFIs.

Link to press release: https://news.maryland.gov/dhcd/2023/05/15/governor-moore-announces-15-million-available-for-small-business-relief/


MaximBio inks contract with National Institute of Health’s Rapid Acceleration of Diagnostics (RADx®) to develop novel rapid home test

The partnership is centered around development of a COVID-19 and Influenza A/B combo test

Rockville, Md., May 9, 2023 – MaximBio® is proud to announce it has signed a new agreement with the National Institutes of Health (NIH) through the Rapid Acceleration of Diagnostics (RADx®) initiative, continuing a relationship fostered during the height of the COVID-19 pandemic. Building on their previous collaboration which resulted in the successful launch of the MaximBio ClearDetect® COVID-19 Antigen Home Test, the new partnership is centered around development of a COVID-19 and Influenza A/B combo test employing novel Lateral-Flow Technology. This technology, paired with the innovative FiarFly™ analyzer platform, and MaximBio’s proprietary manufacturing techniques, results in class-leading assay performance.

The FiarFly™ platform is a flexible, low-cost solution designed to bring diagnostic testing closer to the patient, providing lab-comparable performance in the home at an affordable cost. The pocket-sized, battery powered reader, created for maximum accessibility and ease of use, can produce results at a higher performance (sensitivity) and at a cost comparable to visually read home-use tests. The platform allows for an expanded menu of tests on a single device and includes HIPAA-compliant connectivity for EMR results reporting.

In a recent interview, Jonathan Maa, MaximBio Inc. COO, pointed to the company’s previous success and experience with RADx and expanded U.S. manufacturing capabilities as some of the primary factors leading to the new collaboration. “Our upgraded infrastructure allows us to produce in excess of 100 million tests annually, right here in the United States,” he pointed out. He went on to say, “We are looking forward to working again with the NIH on this exciting new project and the opportunity to offer the market an innovative, yet affordable, diagnostic platform to transform the future of at-home testing solutions.”

This project has been funded in part with Federal funds from the National Institute of Biomedical Imaging and Bioengineering (NIBIB), National Institutes of Health, Department of Health and Human Services, under Contract No. 75N92023D00001.

About MaximBio

Headquartered in Rockville, MD, Maxim Biomedical is a leading diagnostic healthcare company providing innovative solutions through the development and manufacture of trusted testing solutions. Our mission is to create diagnostic products that are affordable, accessible, and enable actionable testing to improve patient outcomes around the globe. For more information, visit https://www.maximbio.com/


Rockville biologic manufacturing company Interbiome among recipients of Maryland Small Business Development Financing Authority funding

The funding is part of $2.7 million in financial support for small, minority, and veteran-owned Maryland businesses

Baltimore, Md., May 1, 2023 – Governor Wes Moore and the Maryland Department of Commerce announced that six small, minority, and veteran-owned businesses have been approved for a total of nearly $2.7 million in financial assistance to support business growth in Maryland. The funding comes in the forms of loans and lines of credit through two state programs – the Military Personnel and Veteran-owned Small Business Loan Program and the Maryland Small Business Development Financing Authority – and will help the businesses retain 29 workers and create 41 new jobs in the state.

“Today I’m proud to announce major financial assistance for six minority and veteran-owned small businesses here in Maryland,” said Gov. Wes Moore. “These loans and lines of credit will greatly benefit both these businesses and local communities. This is how we create more opportunity and I’m proud to be getting this done alongside Secretary Anderson.”

“These two programs are incredibly important in supporting our small, minority and veteran-owned businesses throughout the state,” said Maryland Commerce Secretary Kevin Anderson. “Not only are we proud to assist these businesses with their growth, but we are also thrilled to see them support dozens of jobs and provide good opportunities for Marylanders in the process.”

The businesses receiving assistance through the military loan program include Escape Proving Ground, a Pasadena adventure and entertainment company specializing in interactive escape rooms; Patuxent Pride Inc., a franchised PrideStaff business that provides temporary, temporary-to-hire, and direct hire staffing services in Columbia; and the Brunch House, a startup barbeque restaurant with plans to locate in Glen Burnie. Together, these business owners have more than 32 years of experience in the Maryland National Guard, the U.S. Army, and the U.S. Army National Guard.

The Military Personnel and Veteran-owned Small Business Loan Program provides no-interest loans of up to $50,000 for businesses owned by military reservists, veterans, National Guard personnel and for small businesses that employ or are owned by such people. The program is administered by Maryland Commerce in consultation with the Maryland Department of Veteran Affairs.

The businesses receiving assistance through the Maryland Small Business Development Financing Authority include Interbiome, a start-up contract manufacturing organization in Rockville that services biotechnology organizations bringing new products to market; One Leg Up Pets, a dog walking, pet sitting, daycare and boarding service provider in Laurel; and Sweeten, a Baltimore City platform for home renovation and home remodeling experts. 

The Maryland Small Business Development Financing Authority provides financing assistance to small and minority-owned businesses throughout Maryland through direct loans, working capital, loan guarantees, and assistance in obtaining surety bonding and lines of credit. The program is managed by private contractor Meridian Management Group, a Baltimore-based professional asset manager for economic development and private equity funds.

To learn more about available financial incentives in Maryland, visit commerce.maryland.gov/fund.

About Interbiome

Interbiome, located at 1600 East Gude Drive, Rockville, MD 20850, is a Contract Manufacturing Organization (CMO) that creates investigational biologic products for use in phase 1-3 clinical trials. Learn more at http://interbiome.com/index.html


Intellian invests $100 million to develop satellite communication technologies in Rockville

Left to right: Signe Pringle, Maryland Deputy Secretary of Commerce; Eric Sung, Intellian CEO & President; Marc Elrich, Montgomery County Executive; and Tea-Sup Byeon, South Korea Ministry of SMEs & Startups Deputy Minister

The Advanced Development Center is Intellian's first and only U.S.-based research and development center

Rockville, Md., Apr. 26, 2023 – Intellian Technologies, a leading global provider of multi-constellation, feature-rich, future-proof satellite user terminals and communications solutions, announced their $100m investment into the research and development of satellite communication technologies at the official opening of their Advanced Development Center (ADC) in the City of Rockville in Montgomery County, Maryland.

Intellian’s role within the satellite communications industry has become increasingly essential in the past 20 years. Their gateways land traffic from communication satellites, with Intellian’s user terminals empowering consumer connectivity to these satellite networks.

ADC is Intellian’s first and only US-based research and development center, hosting a number of top industry talent for the product development of phased array antennas and user terminals. Growing to a team of over 70 by Q4 2023, this investment will boost economic growth and foster innovation within the state of Maryland and locally in Montgomery County. Developments in satellite technology are making satellite networks far more competitive than ever before and are opening the door to truly global, high bandwidth coverage for everyone. This will empower the most remote communities with access to connect online, and enjoy broadband speeds without the need of a lengthy infrastructure project to install fiber networks.

In the United States, the crucial need for connectivity is recognized by the Federal Communications Commission (FCC). The FCC’s Combatting Digital Discrimination task force aims to promote equal access to broadband across the country, regardless of zip code, income level, ethnicity, race, religion, or national origin. The FCC’s Rural Broadband Accountability Plan is tasked with bringing more connectivity to rural areas, where difficult terrain and long distances between households discourage private broadband investment. In Maryland, this need is also recognized with the One Maryland Broadband Network initiative.

“Establishing our Advanced Development Center in Montgomery County, Maryland is a key strategic decision for us,” says Eric Sung, Intellian’s CEO and President. “The ADC is ideally situated in the heart of ‘Satellite Valley’, with many of our key satellite network partners close by. With an ever-increasing interest from enterprise, government and maritime customers for phased array antennas, the $100m commitment to the development of this product portfolio is a key point of growth and expansion for Intellian. We look forward to strengthening Maryland’s position as a focal point within the global satellite communications industry.”

“We are pleased to welcome Intellian to Montgomery County, Maryland” said Montgomery County Executive Marc Elrich. “The satellite manufacturing industry is valued at over $16.2 billion currently, and is projected to reach $27.3 billion by 2031. Montgomery County is home to NIST, as well as a vast and talented pool of engineers, scientists and experts in this industry. This workforce continues to attract dynamic and innovative companies like Intellian to Montgomery County. Intellian’s Advanced Development Center will further enhance our reputation as ‘Satellite Valley.”

About Intellian Technologies, Inc.

Established in 2004 in South Korea, Intellian is a worldwide leading provider of satellite antennas and terminals, with a mission to empower connectivity which in turn powers the world. Learn more at https://www.intelliantech.com/en/home#



MasPanadas triples space in Rockville for major expansion

The 12,000 square foot acquisition at 601 Dover Road is adjacent to its current facility on Southlawn Lane in Rock East District

Article originally published by Washington Business Journal on March 27, 2023

MasPanadas is readying to move into larger digs that will position it to triple the amount of frozen empanadas it produces at its Rockville headquarters.

The company, which does business as Latin Goodness Foods LLC, recently took delivery of another 12,000 square feet at 601 Dover Road, adjacent to its 6,000-square-foot facility on Southlawn Lane, and is awaiting permits from the city of Rockville to begin building out the space.

Once that’s completed, likely during the third quarter, MasPanadas hopes to ramp up from five tons of product a week to roughly 15 tons, per founder and CEO, Magarita Womack. To help fuel that growth, it recently closed a $1.5 million seed funding round with backing from Angeles Investors and Union Kitchen, the food business accelerator and retailer where MasPanadas got its start in 2017.

“The line has really grown with popsicle sticks and duct tape, and now we can be so much more efficient,” said Womack, whom the Washington Business Journal recognized as its small business owner CEO of the Year in 2022.

The increased production will include both private-label empanadas that it makes for such retailers as MOM’s Organic Market, Streets Market & Cafe and Whole Foods Market and sells under the stores’ brands, and its own MasPanadas-labeled products. Up to now, the company has been mostly focused on private-label sales, said Womack, but plans to deploy cash from the new funding round to get its branded frozen empanadas on more store shelves. The goal, she added, is to increase annual revenue from roughly $6 million to $10 million.

MasPanadas has five different products on store shelves, including chicken and vegetables, beef and vegetables, and pizza empanadas, and another eight for private-label sales.

It is one of a number of startups to successfully emerge from retail and food business incubator, Union Kitchen, with others including Compass Coffee, Snacklins and Swapples. Its latest fund was oversubscribed by around $25,000 — a swell of support for which Womack is grateful as the company navigates its next phase of growth.  

It’s an awkward time in its growth cycle as MasPanadas is no longer a tiny startup but not quite established enough to easily line up construction financing, Womack said. Her initial lender was reluctant to extend financing until the company showed the kind of increase in sales it projected in its business plan — but that bump was conditioned on completing the expansion for which it was seeking funding.

Womack said MasPanadas’ landlord at 14672-B Southlawn Lane advanced the company enough to cover tenant improvement costs while it works to close on its construction financing. In addition to the physical expansion, the company is investing about $1.8 million in equipment.

“We’re kind of in that preteen phase, where you’re not quite a startup, but you’re not quite a small business either,” she said.

Source: https://www.bizjournals.com/washington/news/2023/03/27/empanadas-maker-maspanadas-rockville-expansion.html


About Latin Goodness Foods, LLC dba MasPanadas

MasPanadas is a woman-owned, Rockville-based manufacturer of empanadas (a popular Latin American street food) located at 14672-B Southlawn Lane in Rockville’s Rock East District. MasPanadas hires from underserved segments of the local community with over 80% of their staff representing immigrant women. Learn more about MasPanadas at https://maspanadas.com/