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Altus Realty to convert recently acquired Rockville office complex to life science labs

Posted on by Amanda Bosland
Image Credit: CBRE

The 7.5 acre 'Research Square' property sold for $25.5 million to Arlington-based Altus Realty

Article originally published by Washington Business Journal on July 14, 2022

A pair of vacant low-rise office buildings in Rockville recently changed ownership and will be converted to life science labs, illustrating yet again the persistent demand for biotech space in Montgomery County.

The buildings at 1500 and 1550 Research Blvd sit on a 7.5-acre property, dubbed Research Square. Between one and three stories and totaling about 85,000 square feet, they’d formed part of a larger campus that’s home to Westat Inc., a research firm.

Westat affiliate Twelve Oaks Investment LLC sold the property to Arlington-based Altus Realty, a developer and investor, for $25.5 million, in a deal that closed Tuesday. The property was last assessed at $8.9 million.

Unloading the buildings allows Westat to shrink its footprint in light of its decreased need for office space, spurred by the pandemic, a spokesperson said in an email. It does not plan to sell off additional buildings from its larger campus.

Altus did not respond to respond to requests for comment.

While the deal doesn’t stand out for its size or sale price, it’s noteworthy in that it’s ready for immediate conversion to lab space, according to a statement from CBRE, which represented the seller in the transaction.

It comes on the heels of Boston-based Longfellow Real Estate Partners’ acquisition of a Rockville office building with the intent to convert it to lab space. That deal marked Longfellow’s entry into Greater Washington.

“Two themes remain consistent: the life sciences industry wants to grow here and we have no space available,” Tommy Cleaver, an executive vice president with CBRE (NYSE: CBRE), said in a statement, referring to the I-270 biotech corridor that runs roughly from Bethesda to Frederick. Cleaver is bullish on suburban Maryland’s life science potential, having said previously he expects the sector’s footprint to double in the region over the next decade — if not sooner.

In an interview Wednesday, Cleaver said 10 new investors — of which CBRE has represented seven — have entered the I-270 corridor life science real estate market in the last year. He also noted that Westat’s property sold for a record $284 per square foot, up from an earlier record of $268 per square foot last summer, when Boston Properties acquired Rockville’s Shady Grove Innovation District.

The high price represents “sustained confidence in the leasing fundamentals and the ability to realize rent growth,” he said.

Montgomery County is facing an immediate shortfall of at least two million square feet of private lab space, compared to demand forecasts, Ben Wu, who heads the Montgomery County Economic Development Corp., said at a February press event, citing a 2021 report from his organization. A handful of recently announced large projects would eventually cover that deficit, but they will take time to be completed. Those include Trammell Crow’s investment in a portion of Johns Hopkins’ Belward Campus in Rockville; Boston Properties’ Shady Grove Innovation District; and a pair of facilities called Evolution Labs in Gaithersburg and Bethesda.

Industry proponents rank Greater Washington and Baltimore among the top regions nationally for life science, on a variety of measures, with other major metros including Boston/Cambridge, North Carolina’s Research Triangle and California’s Bay Area and San Diego. The region’s popularity can be credited largely to its proximity to the Food and Drug Administration and National Institutes of Health, both headquartered in Montgomery County, as well as to the U.S. Army’s biomedical R&D activity at Fort Dietrich and Johns Hopkins University in Baltimore.

About Altus Realty

Altus is a full-service real estate development and investment company based in Washington, DC. From repositioning under-performing assets to developing ground-up projects, Altus focuses on creating mixes of residential, office, retail and hospitality experiences that inspire. Learn more at https://www.altusre.com/

Learn why life science companies choose Rockville

MCEDC congratulates Novavax for FDA Emergency Use Authorization of its COVID-19 vaccine in the United States

Posted on by Amanda Bosland

The Novavax vaccine is the first protein-based COVID-19 vaccine authorized in the U.S.

ROCKVILLE, Md., July 14, 2022 – Gaithersburg-based Novavax has received emergency use authorization from the U.S. Food and Drug Administration (FDA) to distribute throughout the country its COVID-19 vaccine, which is the first protein-based COVID-19 vaccine available in the United States. Once a policy recommendation is received from the Centers for Disease Control and Prevention (CDC), immunizations with the Novavax vaccine can begin immediately for adults.

Additionally, the U.S. Department of Health and Human Services (HHS), in collaboration with the Department of Defense, announced earlier this week the purchase of an initial 3.2 million doses of the Novavax vaccine. The doses will be made available free to states, jurisdictions, federal pharmacy partners and federally qualified health centers.


The Novavax protein-based vaccine is already widely in use in over 35 countries, having received approval from multiple regulatory agencies worldwide, including the European Commission and emergency use listing from the World Health Organization. The Novavax vaccine is designed and manufactured differently than the mRNA COVID-19 vaccine options. It offers a new option for those who may have an allergic reaction to mRNA vaccines or who have a personal preference for receiving a vaccine other than an mRNA-based vaccine.


The latest Novavax news solidifies Montgomery County as the ‘Immunology Capital Next to the Nation’s Capital.’ Other global vaccine leaders with Montgomery County ties include BioNTech, which co-developed the Pfizer COVID-19 vaccine approved in 146 countries; and AstraZeneca, which has a COVID-19 vaccine that is approved in over 140 countries. These companies, along with dozens more in the county, have greatly contributed to global COVID-19 vaccine research, development and manufacturing, as well as testing and treatment options.
Scientific work developed here in Montgomery County has supported the entire vaccine continuum across the globe. Companies in Montgomery County have received more than $5.5 billion in federal funding to fight COVID-19 around the world.


See Novavax’ news release: https://ir.novavax.com/2022-07-13-U-S-FDA-Grants-Emergency-Use-Authorization-for-Novavax-COVID-19-Vaccine,-Adjuvanted-for-Individuals-Aged-18-and-Over

 

Longfellow Real Estate Partners Enters I-270 Corridor with Acquisition of Trophy Lab Conversion

Posted on by Amanda Bosland

The 191,000 SF office to life science conversion marks the first Maryland acquisition by one of the nation's leading life science investors

ROCKVILLE, Md., June 13, 2022 – Longfellow Real Estate Partners announced the acquisition of One Preserve Parkway in Rockville, Maryland. Located along the I-270 corridor (also known as DNA Alley), One Preserve will offer today’s most innovative life science tenants the almost immediate availability of 191,000 square feet of state-of-the-art lab space. The building features a market leading on-site amenity package, ample parking, as well as flexible and efficient floorplates of roughly 30,000 square feet.

The acquisition marks the first asset in the Maryland/Washington D.C. market for Longfellow Real Estate Partners, the largest privately owned commercial developer of life science buildings in the country. Longfellow maintains offices/developments in Boston-Cambridge, New York City, San Diego, San Francisco Bay Area, the Research Triangle of North Carolina, and London, UK with a portfolio that spans nearly 15 million square feet.

“One Preserve is a high-quality asset that occupies a prime location within DNA Alley. Perhaps more importantly, this investment allows Longfellow to provide research space for the immensely talented companies and individuals that make up this innovative community,” said Longfellow Managing Director, Northeast Ben Sayles. “Longfellow is firmly dedicated to partnering with our tenants, providing world-class space for this community’s growing life science ecosystem.”

“DNA Alley has been a hotbed of research, talent, and renowned companies – we are thrilled to expand the Longfellow model into this region.” said Longfellow Co-Founder & CEO Adam Sichol. “Throughout the country, our firm has been able to meet the needs of our partners by working hand in hand with them to succeed together.”

Longfellow will be making substantial upgrades to building’s electrical and HVAC systems to create highly functional, institutional-quality lab space. Future tenants at One Preserve will benefit from the easily accessible location with immediate connectivity to I-270, along with the amenity rich location that boasts many restaurants, bars, cafes, and high-end retail options within a short driving distance. Longfellow will also integrate the firm’s proprietary tenant experience platform ElevateTM, which incorporates the facilities and custom programming that encourages connection and collaboration throughout the campus.

“The Longfellow team has an exceptional reputation for targeting best-in-class assets for life science redevelopment”, said Shaun Weinberg, Managing Director of Cushman & Wakefield, which arranged the sale to Longfellow. “One Preserve represents the only existing, scalable trophy building ready for a Life Science repositioning in the I-270 Corridor. Upon completion, One Preserve will fill a void in the market and will undoubtedly mark he highest quality conversion in the market”

Longfellow’s acquisition of One Preserve builds on the firm’s rapidly expanding national portfolio in the world’s leading and emerging destinations for life science innovation. Over the past year, the firm increased its footprint in the San Francisco Bay Area by over 1 million square feet with acquisitions in Millbrae, Emeryville, and San Francisco; invested in building out one of the nation’s most dynamic life science clusters in San Diego with acquisitions in the Sorrento Mesa and Sorrento Valley submarkets; closed on assets and partnerships that will help address strong demand in the Research Triangle market in North Carolina; and expanded to the United Kingdom to bring its vision for world-class innovation ecosystems to the Golden Triangle.

About Longfellow Real Estate Partners

Longfellow Real Estate Partners is the largest private life science real estate services firm in the United States. The firm’s portfolio spans nearly 15 million square feet of laboratory and technology space, concentrated in the nation’s top markets for bio-innovation on both coasts including Boston-Cambridge, Maryland-Washington D.C., New York City, Philadelphia, San Diego, San Francisco Bay Area, the Research Triangle of North Carolina, along with the firm’s expansion to the United Kingdom. Learn more at: https://lfrep.com

 

Link to press release: https://biobuzz.io/longfellow-real-estate-partners-enters-i-270-corridor-with-acquisition-of-trophy-lab-conversion/

Maryland showcases its life science assets at BIO International in San Diego

Posted on by Amanda Bosland

The delegation of Maryland companies and organizations lead by the Maryland Department of Commerce will exhibit at the 2022 BIO International Convention

Article original published by Maryland Department of Commerce on June 9, 2022

A delegation of Maryland companies and organizations is heading to San Diego June 13-16 for the BIO International Convention. At BIO, the life sciences industry’s leading trade show, Maryland will showcase the unparalleled life science assets within the state.

The Maryland Department of Commerce, in collaboration with the Maryland Tech Council, will exhibit at Booth #5013. The Maryland Department of Commerce, Maryland Tech Council and various sponsors are supporting a delegation of 15 Maryland life sciences companies’ attendance at the show. Companies in the Maryland delegation receive premium access to BIO, including its exhibit hall, educational program, and one-on-one partnering to meet with potential partners and investors. Companies in the Maryland delegation include:

  • Akan Biosciences – Innovators in cellular technology and proprietary manufacturing methods that produce stem cell-based therapeutics.
  • Angimmune – Developer of immunotoxin technology offering T-cells targeting for cancer, autoimmune disease, and induction immunotherapy. 
  • Auxergen – Manufacturer of agricultural chemicals and biopesticides that aim to reduce the chemical loading of the environment while improving crop yields.
  • Creatv Microtech – Creator of a revolutionary blood biomarker and innovative platform that provides a highly personalized cancer screen test, and a variety of diagnostics for cancer patients.
  • Elixirgen Scientific – Developers of technology that accelerates and removes the complexity from the induced pluripotent stem cells (iPSCs) differentiation process, bringing the full promise of iPSCs or embryonic stem cells (ESCs) to life.
  • Fzata – Creators of oral biologics for gastrointestinal disorders, the company’s live yeast “factory” makes recombinant biologics in the gut after oral administration. 
  • GlycoMantra – Pre-clinical therapeutic company developing high affinity biologic therapeutics for the treatment of solid tumor, fibrosis, and diabetes.
  • Hawkeye MedTech – Telehealth platform provider with telemedicine, continuing of care, remote patient monitoring, connected devices, covid tracking, and MIPS. 
  • KaloCyte – Creator of ErythroMer, bioinspired artificial red blood cells, that can be stored long-term and used for severe bleeding when donor blood is not available.
  • Kolon TissueGene – Advanced cell therapies company that has developed a first-in-class cell and gene therapy targeting osteoarthritis of the knee.
  • miRecule – Developer of RNA therapies for cancer and muscular dystrophy, which uses genomic patient data to create highly-tailored therapeutics.
  • NeoImmuneTech – Clinical-stage biopharmaceutical company dedicated to expanding the frontiers of Immuno-Oncology. 
  • Neurosonics Medical – Creators of a miniaturized therapeutic ultrasound device for the surgical treatment of drug-resistant epilepsy. 
  • Otomagnetics – University of Maryland College Park spin-out developing a non-invasive method to effectively deliver drugs and other therapeutic payloads to the inner and middle ear, eye, and brain.
  • Theradaptive – Developer of a therapeutic delivery platform for targeted tissue regeneration. 

More than 50 companies and organizations with Maryland roots will have a presence at BIO. Throughout the conference, Maryland representatives will be meeting national and international companies to pitch how a Maryland location can help them grow. The Maryland team is also coordinating events with international partners, including a networking event with partners from Quebec.

In addition, Maryland is hosting a networking reception on June 14, providing another opportunity for interaction with Maryland companies and organizations. The networking reception and the participation of 15 Maryland companies in the show is made possible because of the generosity of various sponsor companies and organizations including Rockville Economic Development, Inc.

Learn why Life Science Companies choose Rockville

MCEDC and LEDC selected as new fund manager to provide loans to Small, Minority and Women-Owned businesses

Posted on by Amanda Bosland

The collaboratively managed fund will be called the Accelerating Community Excellence (ACE) loan fund

ROCKVILLE, Md., June 8, 2022 – The Montgomery County Economic Development Corporation (MCEDC) was named today as the ninth and newest fund manager in the Maryland Small, Minority and Women-Owned Business Program (https://commerce.maryland.gov/fund/programs-for-businesses/vlt), also known as the Video Lottery Terminal (VLT) Program. There are currently eight VLT fund managers around Maryland that receive state funds to provide loans for small, minority and women-owned companies.   

The appointment and approval of the MCEDC fund manager application was made by the State of Maryland Board of Public Works at its June 8 meeting. The three members of the Board of Public Works are the Governor, the Comptroller, and the Treasurer.  
 
The MCEDC-managed VLT program will be called the Accelerating Community Excellence (ACE) Loan Fund. MCEDC will manage its ACE program on behalf of the State of Maryland and has partnered with the Latino Economic Development Center (LEDC) to be the program’s fiduciary agent. The MCEDC ACE program is designed to assist eligible small businesses, especially in underserved communities. The ACE program will receive an initial allocation of $1.5 million in state funds to be disbursed as loans to small, minority and women-owned businesses in Montgomery County and throughout Maryland. 
 
“We are excited to be a fund manager partner in this important Maryland program and bring additional state funding to support our growing Montgomery County small, minority and women-owned businesses,” said Benjamin H. Wu, MCEDC President & CEO. “With the largest number of Maryland small businesses located in Montgomery County, our new ACE program expands our ability to help meet the critical need for access to capital. I’m particularly excited that our LEDC collaboration will extend our MCEDC reach and impact in local underserved communities.” 
 
MCEDC chose LEDC as a partner since the center has an established and strong track record of services to the Latino and underserved communities in the Greater Washington-Baltimore region, with offices in Wheaton and Baltimore. “When small businesses have the resources to meet their full potential, they become a powerful force for positive change, especially within their communities,” said Emi Reyes, LEDC CEO. “We are thrilled to be working with MCEDC to provide our expertise in loan underwriting and servicing to increase accessible financing to women-owned and minority-owned small businesses.” 
  
The Maryland VLT Loan Program was created to assist minority and women owned small businesses with a percentage of the proceeds from video lottery terminals (slots) from the state’s six casinos. Under the current statute, at least 50% of the VLT program funds must be deployed to eligible small businesses located within a certain targeted radius surrounding the state’s six casinos. Since there are no Montgomery County casinos in Maryland, the MCEDC-managed ACE program will earmark 50% of its funding exclusively to eligible Montgomery County small businesses and will work with LEDC and the other fund managers to distribute the remainder to eligible small businesses in the targeted areas near a casino in the state. 
 
The Maryland VLT Program is administered by the Department of Commerce. The Commerce announcement of MCEDC as the newest fund manager can be found at https://commerce.maryland.gov/media/maryland-names-new-fund-manager-for-small-business-loan-program

About Montgomery County Economic Development Corporation (MCEDC)

MCEDC is the official public-private economic development organization representing Montgomery County, Maryland. Created in 2016, MCEDC is led by a Board of Directors of business executives. Its mission is to help businesses start, grow and relocate in Montgomery County by helping them gain access to top talent, business and market intelligence and prime locations. For more information, visit https://thinkmoco.com/

Link to press release: https://thinkmoco.com/blog/ledc-vlt

 

 

New Tourism Website ‘Explore Rockville’ launches at 2022 Hometown Holidays

Posted on by Amanda Bosland

The website includes an events calendar, suggested itineraries and a searchable directory of restaurants, things to do, recreation facilities and more

Rockville’s Mayor and Council welcomed patrons of Hometown Holidays on Saturday May 28, followed by a special announcement from Rockville Economic Development, Inc. (REDI). REDI in collaboration with Visit Montgomery and the City of Rockville announced the launched of the city’s tourism website – ExploreRockville.org 

The new website seeks to:

  • Promote and support Rockville’s tourism, hospitality, and retail industries
  • Establish Rockville as a regional destination for arts, culture, and international cuisine
  • Support the attraction and retention of businesses, workforce and residents

The website includes an events calendar, suggested itineraries and a searchable directory of restaurants, things to do, parks and recreation facilities. Explore Rockville also highlights the city’s unique commercial neighborhoods such as Rockville Town Center, King Farm, and Rock East District, all of which have their own history and vibe.

“We’re thrilled to collaborate with Visit Montgomery and the City on such an important project. Explore Rockville showcases the diversity and vibrancy of our city and people, and invites residents and visitors alike to (re)discover Rockville,” said Susan Prince, REDI Board Chair.

Explore Rockville was also an exhibitor at Hometown Holidays, promoting the new website through public engagement and the distribution of branded giveaways and t-shirts.

Check out the Explore Rockville launch at Hometown Holidays:

Senate Committee on Small Business & Entrepreneurship Chair Lauds Creation of Fourth Women’s Business Center in Maryland

Posted on by Amanda Bosland

The new Women's Business Center is an expansion of a satellite program operated by Rockville Economic Development, Inc.

Washington, D.C., May 25, 2022 – U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-Md.) today lauded the U.S. Small Business Administration’s (SBA’s) announcement that it has awarded a grant to Rockville Economic Development, Inc. (REDI) to operate a new Women’s Business Center (WBC) at Bowie State University (BSU), the oldest Historically Black College and University (HBCU) in Maryland. The new center is the fourth WBC in Maryland, joining a WBC in Rockville that is also operated by REDI, as well as a WBC in Baltimore operated by Morgan State University and a WBC in Salisbury operated by Maryland Capital Enterprises.

The new WBC is an expansion of a satellite program that REDI has been operating at BSU, and it will focus on supporting student entrepreneurs, increasing federal contracting opportunities, and expanding pathways to the Small Business Innovation Research and Small Business Technology Transfer Programs. BSU also hosts the Bowie Business Innovation Center (Bowie BIC)—a first-of-its-kind, award-winning business accelerator that helps federal contractors enrolled in the SBA’s 8(a) Business Development program secure federal contracts.

“I applaud Bowie State University and President Breaux for supporting entrepreneurs and innovators in Prince George’s County and Southern Maryland,” Cardin said. “I am especially proud that the WBC will focus on empowering BSU students, federal contractors, and innovators, which will pay dividends to our community for years to come. BSU continues to demonstrate that by partnering with HBCUs, the SBA can better deliver services and capital to entrepreneurs in underserved and underbanked communities.”  

“REDI is thrilled to expand its impactful relationship with BSU and the Bowie Business Innovation Center. The Maryland Women’s Business Center has been helping women entrepreneurs launch, grow, and sustain businesses that create jobs and strengthen economic development for over 10 years,” said Susan Prince, REDI Board Chair. “We are honored to support more students and business owners through this grant and partnership.”

“We are very pleased to have an integral role in providing more opportunities for entrepreneurs in Maryland,” said Dr. Aminta Breaux, President of Bowie State University. “The Bowie Women’s Business Center at BSU will be operated by the Bowie BIC, the only business incubator on an HBCU campus in Maryland, expanding support and guidance to our student entrepreneurs.  We thank Senator Cardin for his ongoing efforts to bring additional resources in support of aspiring entrepreneurs here at  Bowie State University and throughout the region.”

The WBC at BSU is the most recent addition in a broad expansion of Maryland’s entrepreneurial development and innovation resources spearheaded by Cardin. In May 2020, Cardin secured funding for the WBCs in Baltimore and Salisbury. Cardin also championed the opening of Maryland’s first Veterans Business Outreach Center at the University of Maryland last November.

On May 9, Cardin and Senator Chris Van Hollen (D-Md.) announced $4 million in congressionally directed spending to support innovation programs at BSU. The senators secured $3 million for the Bowie BIC and $1 million for the university to develop a new laboratory for hydroponics research.

The Bowie BIC served as the model for Cardin’s UPLIFT Act, which would create an Innovation Centers Program within the SBA to award competitive cooperative agreements worth as much as $400,000 annually to HBCUs, minority serving institutions (MSIs), and community colleges to establish and expand incubators and accelerators.

 
About REDI

Rockville Economic Development, Inc. (REDI) is a public-private partnership that helps businesses launch, locate, 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 exiting businesses in the city. To learn more, visit: https://rockvilleredi.org/

About MWBC

Maryland Women’s Business Center helps start and build successful women-owned enterprises that are positioned for long-term growth. the MWBC conducts training seminars and offers one-to-one counseling on subjects including starting a business, writing a business plan, legal assistance, and more. As an official resource partner of the SBA, MWBC trainings and workshops are funded in part through a Cooperative Agreement with the U.S. Small Business Administration. Services are open to men and women from anywhere. To learn more, visit: https://marylandwbc.org/

Link to press release: https://www.sbc.senate.gov/public/index.cfm/2022/5/cardin-lauds-creation-of-fourth-women-s-business-center-in-maryland

AANHPI Heritage Month: Celebrating Asian American and Native Hawaiian/Pacific Islander-owned businesses in Rockville

Posted on by Amanda Bosland

May is a special time to recognize and celebrate Asian American, Native Hawaiian, and Pacific Islanders for their contributions and achievements in a variety of fields. In recognition of AANHPI Month, REDI is highlighting AANHPI-owned businesses in our local economy while also connecting them to resources that support growth:

Business NameCategoryAddressWebsite
Amai CrepeRestaurant199J E Montgomery Ave, Rockville, MD 20850https://www.facebook.com/AmaiCrepe /
Amore EatsRestaurant1900 Rockville Pike, Rockville, MD 20852http://www.weteamania.com/mapp/teamania/
Asian Pacific American Chamber of CommerceNonprofithttps://www.asian-americanchamber.org/
Bangkok GardenRestaurant891 Rockville Pike, Rockville, MD 20852https://bkgrockville.com/
Bob's Shanghai 66Restaurant305 N. Washington St., Rockville, MD 20850https://www.bobsshanghai66.com/
Chadol Korean BBQRestaurant1403 Research Blvd Unit A-8, Rockville, MD 20850http://chadolbbq.com/
China BistroRestaurant755 Hungerford Drive, Rockville, MDhttps://www.chinabistrorockville.com/
China TasteRestaurant155 Rollins Ave, Rockville, MD 20852http://runinout.com/China-Taste-Rockville-MD
East Dumpling HouseRestaurant12 N Washington St, Rockville, MD 20850https://www.eastdumplingmd.com/
Ebisu Life StoreRetail836 Rockville Pike, Rockville, MD 20852https://www.instagram.com/md_ebisu/?hl=en
Endesco, Inc. Civil Engineering Services15245 Shady Grove Rd. Suite 335 Rockville, Md 20850http://www.endescoinc.com/
Farmsook Thai KitchenRestaurant800 King Farm Blvd #125, Rockville, MD 20850https://www.farmsookthaikitchen.com/
Gold City JewelersJewelry Store451 Hungerford Dr # 107, Rockville, MD 20850https://www.goldcityjeweler.com/
Good Harvest (Chuan Tian Xia)Restaurant5720 Fishers Ln Suite A, Rockville, MD 20852https://www.goodharvestmd.com/
Green Bamboo Asian BistroRestaurant5751 Fishers Ln, Rockville, MD 20852https://www.greenbamboorockville.com/
Gwenie’s PastriesBakery12113 Nebel Street, Rockville, MD 20852https://www.gweniespastries.com/
Gyuzo Japanese BBQRestaurant33 Maryland Ave., Unit B, Rockville MD, 20850https://www.gyuzobbq.com/
Hello VietnamRestaurant2200 Veirs Mill Road, Rockville, MD 20851https://www.hellovietnamfood.com/
Hot Pot CityRestaurant199 E. Montgomery Ave., Ste D, Rockville, MD 20850https://www.hotpotcitymd.com/
Hulu Skewer HouseRestaurant1488 Rockville Pike # B, Rockville, MD 20852https://www.huluskewer.com/
Intellian TechnologiesCommunications Equipment2600 Tower Oaks Boulvard Suite 400, Rockville, MD 20850https://www.intelliantech.com/en/home#
Kabuto Hibachi Restaurant220 E Middle Ln., Rockville, MD 20850https://gokabuto.com/rockville-md/
KajikenRestaurant1701 Rockville Pike Suite A7, Rockville, MD 20852https://www.kajikenus.com/
Kanpai BBQ & Shabu BuffetRestaurant1701 Rockville Pike Suite A10, Rockville, MD 20852https://www.kanpaibbqhotpot.com/
KC Filipino RestaurantRestaurant15108 Frederick Rd Suite A, Rockville, MD 20850https://www.facebook.com/profile.php?id=100054657870975
Le Den CayRetail: Candles6060 California Circle, Rockville, MD 20852https://ledencay.com/
MaLa CanteenRestaurant33 Maryland Ave., Unit E, Rockville MD, 20850https://www.malacanteen.com/
Maxim Biomedical, Inc.Biotechnology1500 E. Gude Drive, Rockville, MD 20850https://maximbio.com/
MC Auto ServicesAutomobile Services1095 Taft St. Rockville MD, 20950
Meow ClawArcade1701 Rockville Pike Suite B9 , Rockville, MD 20852https://www.meowclaw.us/
MQ Auto ServicesAutomobile Services15563 Frederick Rd., Rockville, MD 20855
MS Technologies CorpComputer/IT Services10110 Molecular Drive, Ste 305 Rockville, MD 20850https://mstechnologies.com/
Okaeri Japanese Cafe & AnimeRestaurant1701 Rockville Pike Suite B1, Rockville, MD 20852https://www.okaerijapanesecafe.com/
Pelicana ChickenRestaurant4 N. Washington Street, Rockville, MD 20850https://www.pelicanausa.com/
Peter ChangRestaurant20-A Maryland Avenue, Rockville MD 20850http://www.peterchangrestaurant.com/
Rockville Arirang RestaurantRestaurant1314 E Gude Dr, Rockville, MD 20850https://www.instagram.com/arirang_rockville/
Rose Li & AssociatesScience Communications11821 Parklawn Drive, Suite 100 Rockville, MD 20852https://roseliassociates.com/
Shanghai TasteRestaurant1121 Nelson St, Rockville, MD 20850https://shanghaitaste1121.wixsite.com/website
Sichuan Jin RiverRestaurant410 Hungerford Dr., Rockville, MD 20850https://www.sichuanjinrivermd.com/
SupInf TechnologiesAerospace EngineeringRockville, MDhttps://www.supinf-tech.com/
Taipei Tokyo CaféRestaurant14921 Shady Grove Road, D. Rockville, MD 20850https://www.taipei-tokyo.net/
TeamaniaRestaurant130 Rollins Ave suite b, Rockville, MD 20852https://www.amoreeats.com/
Teso LifeDepartment Store1701 Rockville Pike Suite A20 , Rockville, MD 20852https://www.tesolife.com/en/
Thai ChefRestaurant29 Maryland Ave., #308, Rockville, MD 20850https://www.thaichefdmv.com/rockville
The SpotRestaurant255 N. Washington Street, Rockville, MD 20850www.thespotdmv.com
Umi Hot Pot Sushi & Seafood BuffetRestaurant1471 Rockville Pike, Rockville, MD 20852https://www.umibuffet.com/
Uzu Revolving SushiRestaurant1701 Rockville Pike A6, Rockville, MD 20852https://www.uzu-sushi.us/
Xi'An GourmetRestaurant316 N. Washington St., Rockville, MD 20850http://www.xi-angourmet.com/
YU Noodles CaféRestaurant9 Dawson Ave., Rockville MD 20850https://yunoodlecafe.com/

We encourage and appreciate the submission of additional Rockville AAPI-owned businesses!

Submit a business

Rockville Economic Development, Inc. Launches 2022 Survey to Assess Business Community Needs

Posted on by Amanda Bosland

For Immediate Release:
May 5, 2022

Contact:
Amanda Bosland
REDI, Communications Manager
301-355-2213
amanda@rockvilleredi.org

ROCKVILLE, Md., – Today Rockville Economic Development, Inc. (REDI), a 501 (c)3 nonprofit whose mission is to identify and develop economic opportunities to help the businesses in Rockville prosper, launched its 2022 Business Survey. The purpose of the survey is to gather information from a representative cross-section of Rockville’s business community to inform and improve how REDI and the City support a thriving business environment and promote economic development.

The survey covers topics including the effects of the pandemic, labor and training needs, city services, and real estate needs, is hosted online, and takes approximately ten minutes to complete. All information and responses will be confidential and won’t be attributed to individual businesses that participate in the survey. Businesses that complete the survey will be entered into a drawing of five prizes, including one of four $100 VISA gift cards, and a grand prize valued over $800 sponsored by REDI, the Rockville Chamber of Commerce and Chaney Communications.

“The responses from the survey will be crucial in helping REDI, the City and key stakeholders prioritize what will best serve our local business community,” said Cynthia Rivarde, REDI’s Chief Executive Officer.

The 2022 Rockville Business Survey is online, mobile-friendly can be accessed by visiting https://REDI.sawtoothsoftware.com/login.html

 
About REDI

Rockville Economic Development, Inc. (REDI) is a public-private partnership that helps businesses launch, locate, 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 exiting businesses in the city. To learn more, visit: https://rockvilleredi.org/

Fourth Year of Montgomery Can Code Camp Kicks Off

Posted on by Amanda Bosland

The program aims to introduce 1,500 local middle schoolers to future tech careers

ROCKVILLE, Md., April 20, 2022 – For the fourth year, the unique and innovative Montgomery Can Code public-private partnership formed by Montgomery College, Montgomery County Public Schools (MCPS) and the Montgomery County Economic Development Corporation (MCEDC) with Apple will offer local middle school students an enriching and educational summer camp experience to learn computer coding. 

Enrollment is currently open to MCPS middle schoolers for the virtual, half-day camp, with a goal of tripling the number of program participants to 1,500 students. There will be five weeklong Montgomery Can Code camps taking place from July 11–August 12, 2022.

Students will learn the skills they need to pursue careers in today’s app economy by working in Swift, Apple’s open-source, easy-to-understand programming language. Students experience the chance to solve real world problems by using coding skills they learn at the camp. 

The Montgomery Can Code sessions are taught through Montgomery College’s Information Technology Institute by instructors trained in Swift code. Students receive a loaner iPad and a Montgomery Can Code T-shirt at the start of each session. At the week’s end, participants will receive a certificate of completion. 

At the end of the summer, students will pitch their app solutions in a Student App Showcase event following the conclusion of the camps. MCEDC will coordinate with local business leaders to interact with the students, adding a real-world element to the experience. 

In a program extender, spring after-school coding clubs have been formed at select schools in Montgomery County. Now in its second year, these after-school clubs give students additional coding experience. 

Teaching code not only teaches the language of technology, it showcases new ways of thinking and prepares students for future careers. Local companies continue to search for highly skilled workers in fields like cybersecurity, app development, gaming, life sciences and hospitality technology. Early exposure to develop these skills provides students with a future advantage in being hired. 

“Montgomery Can Code is a direct investment in our students to make sure they are ready for a workforce that has already seen an increase in demand for highly skilled STEM workers,” said Montgomery County Executive Marc Elrich. “This collaboration between Montgomery College, MCPS, MCEDC and Apple has been expanding to serve more students over the past four years, and we are proud of what can be accomplished by working together.”  

“Montgomery Can Code embodies our County’s commitment to innovative learning that will prepare our children for the evolving workforce,” said County Councilmember Craig Rice, chair of the Council’s Education and Culture Committee. “Each year, we have increased the number of participants, giving more students the opportunity to develop a valuable skill set. I applaud Montgomery College, MCPS, MCEDC and Apple for their partnership in ensuring that every student can participate in the virtual environment. I’m confident that Montgomery Can Code will continue to thrive and grow thanks to the hard work of our program partners.” 

“MCPS is thrilled to continue working with our partners to expand access for middle school students to the Montgomery Can Code summer camps and school-year coding clubs,” said Dr. Monifa McKnight, Superintendent of schools. “We are committed to providing our students with engaging and innovative opportunities that build their skills and prepare them for the jobs of the future. We look forward to building upon these camps with new innovations through digital learning and the soon-to-be IgnITe Hub at Montgomery College.” 

“Montgomery Can Code is an initiative that connects dots: .gov, .com, .edu and .org to address an important issue of creating homegrown talent for 1,000s of open IT jobs in our region while also advancing economic equity and inclusion,” said Dr. Sanjay Rai, Senior VP of Academic Affairs for Montgomery College. “Exposing middle schoolers to coding, app development, and complex problem solving will certainly create the next generation of IT professionals, and also the next generation of entrepreneurs who will expand our economy and create even more jobs”. We are delighted that we are building on Montgomery Can Code by opening the new IgnITe Hub at Montgomery College. This new digital learning and innovation space will allow us to enhance our programs for middle schoolers while expanding opportunities to people of all ages including less affluent adults, college students, and local businesses. We are having significant social and economic impact.” 

“The Montgomery Can Code partnership with Apple continues to spotlight our commitment to invest in STEM education to support our innovation-led economy,” said Benjamin H. Wu, President and CEO of MCEDC. “Each year, the program grows and provides important technical skills that are valued in today’s economy. We are proud of this partnership which brings together academia and the business community to invest in our future workforce.” 

Learn more and find enrollment information at Montgomery Can Code.  

About Montgomery College

Montgomery College is a public, open admissions community college with campuses in Germantown, Rockville, and Takoma Park/Silver Spring, plus workforce development/continuing education centers and off-site programs throughout Montgomery County, Md. The College serves nearly 60,000 students a year, through both credit and noncredit programs, in more than 100 areas of study. Learn more at https://www.montgomerycollege.edu/

About MCEDC

The Montgomery County Economic Development Corporation (MCEDC) is the official public-private economic development organization representing Montgomery County, Maryland. Created in 2016, MCEDC is led by a Board of Directors of business executives. Its mission is to help businesses start, grow and relocate in Montgomery County by helping them gain access to top talent, business and market intelligence and prime locations. For more information, visit https://thinkmoco.com/

About Montgomery County Public Schools

Montgomery County Public Schools (MCPS) is the largest school system in Maryland with 162,680 students. A diverse school system with students coming from 157 countries and speaking 150 languages, it consists of 134 elementary schools, 40 middle schools and 25 high schools in the system. MCPS is an award-winning system recognized with 39 National Blue Ribbon and 8 National Green Ribbon schools. Learn more at https://www.montgomeryschoolsmd.org/

 

Link to press release: https://thinkmoco.com/blog/mcc-2022-camp