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Explore Rockville invites the Washington, D.C., region to cool down with Global Bites Fest Dining Days hot culinary deals through July 6

From June 22 – July 6, participating restaurants will offer exclusive deals and discounts through the Global Bites Fest Digital Passport, powered by Rockville Rewards.

Rockville, Md., June 26, 2024 – As the summer heats up, so does Rockville’s culinary scene. Rockville Economic Development, Inc. (REDI) is encouraging the Washington, D.C., region to beat the heat by dining locally and connecting with Rockville’s diverse population through its cuisine.

Following a successful food festival event in Rockville Town Square on June 22, Explore Rockville’s Global Bites Fest continues its cultural celebration with Dining Days through July 6. This unique take on a restaurant week promises to be a culinary adventure, offering food enthusiasts a unique opportunity to sample a diverse array of global cuisines right in the heart of Rockville.

“With our Global Bites Fest Dining Days, we invite everyone to tantalize their taste buds while cooling off from the summer heat,” expressed Amanda Bosland, Director of Marketing and Communications at REDI. “From the zest of authentic Thai appetizers to the sweetness of Peruvian desserts, a world of flavors awaits here in Rockville. Seize this opportunity to indulge in exclusive deals and delightful treats from our local eateries. Let’s savor this summer and make it truly unforgettable!”

From June 22 – July 6, participating restaurants will offer exclusive deals and discounts through the Global Bites Fest Digital Passport, powered by Rockville Rewards. The Digital Passport can be purchased for $20 each by visiting RockvilleRewards.com. Over a dozen local eateries feature exclusive deals, discounts, and special treats. Once purchased, customers can unlock and redeem the deals directly from their Android or Apple Wallet.

“Net proceeds from Rockville Rewards sales support a variety of local nonprofits and school programs, Bosland said. “As a bonus, participating in Rockville Rewards unlocks a variety of local deals and experiences, everything from dining and events to goods and services, in and around Rockville through August 31^st.”

Participating Dining Days Restaurants:

Bonchon Chicken Rockville: For $20, you can choose small wings or a small combo and a house cocktail or soda. For only $5 more, you can add fries, four potstickers, or edamame.
Farmsook Thai Kitchen: Receive a free appetizer when you purchase any two entrees.
Island Pride Jamaican Restaurant: Purchase a small meal and receive a free side order. Side orders include Sweet potato, rice and beans, steamed white rice, greens, cabbage with mixed vegetables, mac and cheese, and plantains.
La Speranza Restaurant: Get 15% off any hot or cold sandwich.

Plaza Oaxaca: Choose 25% off three taco platters or 25% off margaritas—one per customer.

Poyoteca Peruvian Rotisserie: Receive your choice of Tres Leches cake, flan, or Alfajor cookie for free with the purchase of an individual meal.

Soulfull Café: Get 15% off any hot or cold sandwich.

Bontanero: Enjoy exclusive happy hour specials from 4 pm to 6 pm Monday through Friday in the bar, patio, and dining room. Every Monday, enjoy half-priced sangria pitchers all day long.

Bogarts: Enjoy a free appetizer when you purchase any entrée.

Bread Corner Café: Receive a half-price drink.

Downtown Brew’s: Get 20% off ceviche on Tuesdays, 10% off all bottles of wine on Wednesdays, plus lunch specials on Tuesday – Saturday.

Teamania: Enjoy any beverage at 50% off.

“REDI is thrilled to host Explore Rockville’s Global Bites Fest,” said Susan Prince, Board Chair of REDI. “This event not only highlights Rockville as an epicenter of culinary diversity and excellence but also drives traffic, attracts new customers, and boosts sales, contributing significantly to the vitality of our local food industry.”

Explore Rockville promotes Rockville, Maryland’s vibrant culture and community. We aim to unite people to celebrate the rich tapestry of our city’s culinary and cultural offerings through events like the Global Bites Fest. Learn more at https://explorerockville.org/

The Global Bites Fest Digital Passport is part of the Rockville Rewards program. This shop small initiative is supported by the City of Rockville and Rockville Economic Development, Inc. in partnership with the Greater Rockville Chamber of Commerce. Learn more at https://rockvillerewards.com/

Rockville Economic Development, Inc. (REDI) is a public-private partnership that helps businesses launch, locate, and expand in Rockville, Maryland. Committed to economic development, REDI is proactive in supporting existing industries and attracting new companies. Learn more at: https://rockvilleredi.org/

Embark on a flavorful journey at Explore Rockville’s Global Bites Fest: Three Experiences, One Epic Culinary Celebration

Explore Rockville invites everyone to join the celebration of global cuisine and cultural diversity from June 22 to July 6, 2024.

Rockville, Md., May 28, 2024 – Explore Rockville, a program of Rockville Economic Development, Inc. (REDI), proudly announces the highly anticipated Global Bites Fest, set to transform Rockville into a culinary paradise from June 22 to July 6, 2024. This unique festival invites food lovers and cultural enthusiasts to experience a world of flavors in the heart of Rockville, Maryland, with three experiences: a one-day, in-person food festival, 15 days of restaurant specials, and unique culinary-themed restaurant events.

Global Bites Fest starts with a vibrant in-person event on Saturday, June 22, from 11 a.m. to 3 p.m. at Rockville Town Square. Attendees will be treated to an array of mouthwatering dishes prepared by local restaurants and vendors, live performances showcasing the community’s diverse culture, and interactive activities for all ages. Rockville Town Square will also become a designated beverage district, allowing attendees to purchase and enjoy to-go alcoholic beverages from participating restaurants during the festival.

According to WalletHub, the City of Rockville consistently ranks as one of the most ethnically diverse cities in the United States. Residents of Asian descent represent 21.6% of Rockville’s population, which has grown from its 2010 proportion of 20.6%. The Hispanic or Latino population was 16.6 percent of the population, while Black or African American Rockville residents comprised 10.9% of the total population.

“REDI is thrilled to host the Global Bites Fest kick-off event in partnership with Morguard,” said Susan Prince, Board Chair of REDI. “This event not only highlights Rockville as an epicenter of culinary diversity and excellence but also drives traffic, attracts new customers, and boosts sales, contributing significantly to the vitality of our local food industry.”

Continuing the culinary celebration, Global Bites Dining Days invites food lovers to explore hidden culinary gems and savor authentic dishes across the city. From June 22 to July 6, participants can use the Rockville Rewards Digital Card to access exclusive deals and discounts at participating restaurants.

Additionally, participating restaurants will host “Foodie Function” events on select days throughout the festival. These ticketed experiences will feature live cooking demonstrations, themed dinners, exclusive tastings, expertly curated beverage pairings, and engaging sessions with guest speakers, providing an immersive culinary journey.

Explore Rockville invites everyone to join this celebration of global cuisine and cultural diversity. For more information about the Global Bites Fest and how to participate as a restaurant, please visit https://explorerockville.org/global-bites-fest/.

SPONSORED BY:

About Explore Rockville

About Rockville Economic Development, Inc. (REDI)

The Intersection of Business and the Arts

“The future belongs to a very different kind of person with a very different kind of mind – creators and empathizers, pattern recognizers, and meaning makers.” - Daniel H. Pink, A Whole New Mind (2007)

Baltimore artist and banker Terry Thompson is one of those people who embodies the intersection of the arts and business, bringing creativity and discipline to both endeavors. Thompson is not only successful in the corporate world, but he is also a recognized visual artist with his own vocabulary of motifs, as well as an experienced event planner and DJ. According to Thompson:

“I believe that my art practice helps me in the business world in so many ways, especially in thinking outside the box when it comes to approaching new ideas in the finance industry. There are a multitude of rules and regulations that govern the way the finance world operates, so it is helpful to be able to take a fresh, creative look at things – leveraging the way that I approach thinking about painting – being spontaneous, explorative, and investigative vistas. “

The key to developing innovative and creative thinking that can be brought into the business or innovation environment lies in experiencing the arts. Learning to write, play music, paint, or dance all requires developing the skill to see the big picture of the overall piece as well as focus on the details in execution. Spending time in the act of an arts discipline increases the ability to internalize and recognize patterns, nuances, and express unique ideas. These skills lead to success when applied in other endeavors.

According to Americans for the Arts in their Arts and Economic Prosperity 6 report, 86% of Americans “say art and culture is ‘important to their community’s quality of life and livability.’” The report presents compelling data about the arts as a business sector, as well as the impact and importance of the arts to other business sectors (79% of Americans agree that the arts are good for local businesses and jobs). Overall, nonprofit arts and cultural organizations in the United States spent over $73.3 billion in 2022, created 2.6 million jobs, and leveraged $78.4 billion in spending by audiences. They also brought in $29.1 billion in tax revenue at federal, state and local levels.

“Right here in Montgomery County, nonprofit arts and culture is a $184 million industry that supports 3,963 jobs – $125 million in spending by organizations, which leverages an additional $59 million in spending arts audiences on items such as dining, parking, retail”, according to Randy Cohen, the VP Of Research for Americans for the Arts. “The 2.6 million attendees at Montgomery County’s nonprofit arts and culture events spend an average of $23.06 per person, per event, beyond the cost of admission on items such as meals, parking and lodging – vital income for local businesses.”

But more important is how the arts propel individuals and other businesses to success. In 2012 The National Governor’s Association identified five key roles of art in economic development.

Providing faster and more dynamic industry cluster growth
Helping mature industries be more competitive
Acting as key catalysts for creation of innovative placemaking
Helping revitalize communities, and
Creating a workforce better prepared to solve problems.

A majority of Americans surveyed by Americans for the Arts assert that arts and culture are important to community identity and pride, and that engaging in the arts creates empathy and understanding of people with different backgrounds, ages, ethnicities, and beliefs.

The challenge of how we create strong community and better economy is ever changing, especially as we redefine and refine our goals, but art and culture remains the center of the opportunity to understand each other, create empathy, and find creative innovative ways of thinking.

Thompson’s works are on display at the Rockville Economic Development, Inc. (REDI) office (51 Monroe Street, PE20, Rockville, MD) from May 20 – September 13, 2024, where entrepreneurs, businesses and community members can engage with Thompson’s work on Wednesdays between 2-5pm and Fridays between 1-3pm (excluding holidays).

Artist Talk on Tuesday, May 21 at 5:30pm. Visit https://terrythompson-artisttalk.eventbrite.com for more information and RSVP.

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. REDI is committed to economic growth in Rockville, offering support to existing industries and helping new businesses get started in the city. To learn more, visit: https://rockvilleredi.org/

Rockville Economic Development, Inc. (REDI) presents strategies for small-scale manufacturing with Rock East District Boost report

Rock East District is a collaborative initiative that showcases businesses, services, and recreational offerings along East Gude Drive in Rockville.

Rockville, Md., Apr. 4, 2024 – Rockville Economic Development, Inc. (REDI), is pleased to announce the launch event for the Rock East District Boost report, scheduled for Thursday, April 18 at the Rev Room at 660 Lofstrand Lane in Rock East District. This event marks a significant milestone in REDI’s ongoing efforts to promote economic growth and community vibrancy through placemaking.

Since its inception in 2021, Rock East District has been a collaborative initiative that showcases businesses, services, and recreational offerings along East Gude Drive in Rockville. As Rockville’s pilot placemaking project, it has highlighted the community’s unique assets and potential.

The Rock East District Boost report is the result of meetings, interviews and focus groups with Rock East District businesses, City and County stakeholders, and community organizations, including the Montgomery County Black Collective, the Hispanic Chamber of Commerce – Montgomery County, and the Asian American Chamber of Commerce. Supported by a place-based grant awarded by Montgomery County in 2023, the report outlines actionable recommendations to harness the area’s potential, including bolstering Rock East District as a small-scale manufacturing hub.

The launch event will present key findings and recommendations to drive economic development in Rock East District. Attendees will learn more about the initiative, discover resources and key contacts, and provide feedback to guide the development of Rock East District.

REDI invites Rock East District businesses, community business groups, and media to attend the launch event and encourage them to RSVP by visiting bit.ly/RockEastDistrict by Monday, April 15^th.

For more information about Rock East District and REDI’s economic development work in Rockville, visit www.rockvilleredi.org.

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/

Danette Nguyen chosen for the Leadership Maryland Emerging Leader Program inaugural class

Maryland Women’s Business Center Managing Director one of 40 selected to participate in Leadership Maryland’s new six-month professional development program

Easton, Md., Apr. 2, 2024 – Leadership Maryland announced today that Danette Nguyen, Managing Director of Maryland Women’s Business Center has been chosen to participate in their statewide professional development program as a member of the new Emerging Leader Program’s Class of 2024.

Nguyen is one of 40 individuals chosen for the Leadership Maryland Emerging Leader Program’s first class, who will complete the six-month, hands-on learning program focused on leadership development. The program will run from June to November, consisting of monthly day-long sessions that will include both interactive training led by a facilitator and panel discussions featuring leaders from across the state as guest speakers. The program’s curriculum offers a holistic approach to leadership development, designed to help each applicant increase their self-awareness and gain behaviors, skills, and tools to become more adaptive, inclusive, strategic, and impactful leaders.

“We are excited to announce the very first Emerging Leader class and welcome these motivated and forward-thinking individuals to our new program,” said David Fike ’16 (LM) president and CEO, Leadership Maryland. “This year’s class selection process was highly competitive, and after careful review of the applications, I am thrilled to share that the 40 members of the Class of 2024 represent a dynamic cross-section of ambitious and promising rising leaders. The knowledge, experience, and connections they will gain in our program will prepare them to become more adaptive and impactful leaders in their careers and communities.”

Leadership Maryland’s Emerging Leader Program is open to individuals who are advancing in their careers, are actively involved in their communities, and desire to become stronger leaders in both areas. Ideal Leadership Maryland members have a desire to learn more about Maryland’s most critical issues and a personal commitment to be a force for positive change in their organizations, their communities, and their state. For more information about Leadership Maryland, please visit leadershipmd.org, call 410-841-2101 or email info@leadershipmd.org.

About Maryland Women’s Business Center

Maryland Women’s Business Center (MWBC) works with women entrepreneurs and small businesses across Maryland’s Capital Region to help them to start, sustain, and grow their businesses. Through workshops, individual counseling, facilitated peer group support, special resources, and access to capital, MWBC annually helps more than 1,500 women gain the skills, connections, and confidence necessary to navigate entrepreneurship. Learn more at https://marylandwbc.org/

About Leadership Maryland

Leadership Maryland is a statewide nonprofit offering professional development programs dedicated to building a better Maryland by harnessing the strength of its business and community leaders. Established in 1992, Leadership Maryland’s Executive Program selects as many as 52 diverse and accomplished senior-level leaders from Maryland’s public and private sectors each year to come together as a class for an eight-month learning program focused on the state’s most vital social, economic and environmental issues. And new in 2024, Leadership Maryland’s Emerging Leader Program brings together a class of the state’s rising stars and gives them the skills and tools they need to advance in their careers. With an alumni network comprised of leaders from all industries and regions of the state, Leadership Maryland has established thousands of Marylanders on their career leadership path, equipped with the knowledge, skills, and connections needed to influence positive change. To learn more, visit leadershipmd.org.

Maryland Women’s Business Center featured in El Tiempo Latino newspaper

El Tiempo Latino is the largest Spanish-speaking newspaper in the DMV

El Tiempo Latino, the largest Spanish-language newspaper in the Washington D.C. metro area, has highlighted the Maryland Women’s Business Center’s (MWBC) mission, impact and commitment to empowering women-owned businesses in a February 2024 article.

Martha Jimenez, MWBC Program Manager for Montgomery County and Francisco Cartagena, MWBC Program Manager for Prince George’s County, spoke with El Tiempo Latino about the organization’s goal to foster entrepreneurship and business growth among business owners from underserved communities, including Latino business owners.

El Tiempo Latino notes: “Aunque la organización se centra en las mujeres, por las barreras que existen y la desigualdad de oportunidades, está abierto a la comunidad en general y los latinos son clave/ Even though the organization’s focus is on women because of existing barriers and inequality of opportunities, [MWBC] is open to everyone, and Latinos are a key part.”

Read the full article MWBC feature in El Tiempo Latino: Maryland Women’s Business Center. Eliminando barreras (eltiempolatino.com)

Governor Moore Announces $10 Million for Small Business Grants to Strengthen Local Economies Across Maryland

"Together, we will continue to make Maryland more competitive by moving in concert with entrepreneurs and small businesses – not in conflict with them.”

Annapolis, MD, Feb. 21, 2024 – Governor Wes Moore today announced $10 million for small business and community development grants through the Maryland Department of Housing and Community Development’s Project Restore 2.0 and Business Boost grant programs. The funding will activate vacant spaces in business corridors, support small businesses with start up or expansion funds, create jobs, and increase local economic activity—all to make Maryland more competitive.

“When storefronts close down, our entire state feels it. Now is the time to work in partnership with the private sector to revitalize our business districts, and that’s what this grant funding is about,” said Gov. Moore. Together, we will continue to make Maryland more competitive by moving in concert with entrepreneurs and small businesses – not in conflict with them.”

Project Restore 2.0 will provide $8 million to designated Main Streets, Arts and Entertainment Districts and other economic development organizations in a designated Sustainable Community. Grants of up to $300,000 per applicant will go to organizations that have identified priority vacant storefronts or buildings in local business districts. Those organizations would then sub-grant the funding to businesses for rental assistance, renovation and equipment to activate those vacant spaces. Businesses that receive sub-granted funds will have until December 2025 to open and be operational.

Business Boost is launching its first round of grant funding with $2 million that will be awarded directly to eligible small business owners in amounts between $20,000 and $50,000. The businesses must be new or expanding and located in designated Sustainable Communities. Preference will be given to businesses that are home-based and seeking their first commercial location, are designated as a Minority Business Enterprise, that are innovative, focused on regional strengths to grow local economies, or leverage partnerships between school districts or other education institutions in Maryland.

“By strengthening the successful Project Restore grants to fill storefronts on Maryland main streets and launching Business Boost, we are building on what we know to be the best way to help grow Maryland communities’ economies: from the center out, empowering locally-owned businesses, and bringing life back to vacant storefronts,” said Maryland Department of Housing and Community Development Secretary Jake Day. “These grants are just the beginning of the department’s renewed efforts to double down on the hearts of our cities and towns, maximizing the positive impact of our funding to create lovable places and help businesses choose to set up shop in Maryland.”

Applications will open on March 13 for small business owners to apply through Business Boost and for economic development organizations to apply through Project Restore 2.0. For more information on either grant opportunity, go to https://dhcd.maryland.gov/Business/Pages/Small-Business-Grants.aspx.

Link to press release: https://governor.maryland.gov/news/press/pages/governor-moore-announces-10-million-for-small-business-grants-to-strengthen-local-economies-across-maryland.aspx

Celebrating and Elevating Rockville’s Black Businesses

In recognition of Black History Month, REDI launched an ongoing project that highlights Black-owned businesses in our local economy while also connecting them to resources that support growth including:

Workshops, seminars and one-on-one business counseling through the Maryland Women’s Business Center
Business incentives and grants like the Rockville Small Business Impact Fund, Rockville MOVE Program and the Business Expansion Fund
Updates with industry-specific resources, funding resources and more through REDI’s newsletters

Business Name	Category	Address	Website
ACB Precision Focus Photography	Photographer	15209 Frederick Rd, Rockville, MD 20850	http://www.acbprecisionfocus.com/
Wilniq Auto Body & Mechanical Repair	Auto Body Shop	15563 Frederick Rd Shop J, Rockville, MD 20855	https://wilniq.business.site/
S.L. Johnson Plumbing and Heating	Plumber	330 N Stonestreet Ave Suite T, Rockville, MD 20850
Creative Motion Events by Fay	Event Planner	Rockville	https://www.creativemotionevents.org/
Island Pride	Restaurant	823 Hungerford Dr, Rockville, MD 20850	http://www.jamaicanfoodrockville.com/
York Castle Ice Cream	Ice Cream Shop	827 Hungerford Dr, Rockville, MD 20850	https://www.facebook.com/York-Castle-Ice-Cream-1222731884411060/#_=_
Excalibur Moving and Storage	Moving and Storage	12221 Parklawn Dr, Rockville, MD 20852	http://www.excalibur-movers.com/
Black Lion Coffee & Café	Café	9705 Traville Gateway Dr, Rockville, MD 20850	http://blacklioncafe.com/
Revered Medical, LLC	Medical Clinic	6246 Montrose Rd, North Bethesda, MD 20852	https://reveredmedical.com/
Illumnovate	Project Management	9709 Key West Ave, Rockville, MD 20850	https://illumnovate.net
Maryland Black Chamber of Commerce	Business Organization	15800 Crabbs Branch Way, Suite 300. Rockville, MD 20855	https://www.marylandbcc.org/
Fight into Fitness	Boxing Gym	15213 Display Ct, Rockville, MD 20850	https://www.fightintofitness.com/
Impaired Artistry Institute	Studio	966 Hungerford Dr, #31B, Rockville, MD 20850	https://www.impairedartistryinstitute.org/
DMV Movers, LLC	Moving	15955 Frederick Road, Rockville MD 20855	https://dmvmoversllc.com/
Rife International, LLC	Renewable Energy Consultant	2275 Research Blvd., Suite 500, Rockville, MD 20850	https://rifeintl.com/
Betah Associates, Inc.	Business Consultant	199 E. Montogomery Ave., Rockville, MD 20850	https://www.betah.com/
At Eaze Massage	Massuese	5801 Fishers Ln, Suite 108, Rockville, MD 20852	https://www.ateazemassage.com/
WFT Engineering, Inc.	Engineering Consultant	1801 Research Blvd., Rockville, MD 20850	https://wfteng.com/
Unlimited Detailing	Auto Care	2383 Lewis Ave, Rockville, MD 20851	https://www.unlimiteddetailinginc.com/
Omega 3 Nutrition	Food Manufacturing	1313 E Gude, Rockville, MD, 20850	https://eatomega3.com/
Walk in Closet Beauty Bar	Personal Care	211 E Middle Ln, Rockville, MD 20850	https://walkinclosetbeauty.com/
Bubblegum Spa	Event Location/Planner	1680 E Gude Dr #100, Rockville, MD 20850	https://bubblegumspa.com/
Snowden Funeral Home	Funeral Home/Services	246 N. Washington Street, Rockville, MD 20850	https://www.snowdencares.com/
Ethiopis Restaurant	Restaurant	825 Hungerford Dr, Rockville, MD 20850	https://www.ethiopisrestaurant.com/
Lion Solutions, LLC	Information Technology	7361 Calhoun Place, Rockville, MD 20855	https://lionsolutions.com/
Hammer & Stain Rockville	Arts & Decor	107-B Gibbs Street, Rockville, MD 20850	https://www.hammerandstainrockville.com/
First Choice Primary Care	Medical Practice	9715 Medical Center Drive, Suite 300, Rockville, MD 20850	https://www.firstchoiceprimary.com/
TruBlu Cleaning Pros	Commercial Cleaning	1451 Rockville Pike, Suite 250, Rockville, MD 20852	https://www.trublucleaning.com/

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

Investments in Rockville companies exceed $455 million in 2023

In 2023, Rockville companies received $455 million out of $2.2 billion in investments throughout Montgomery County

Press Release published by Montgomery County Economic Development Corporation (MCEDC)

Montgomery County, Maryland, companies had a strong year of investment in 2023, with more than $2.2 billion generated through more than 100 deals. Companies in a wide range of industries, from life sciences and technology to manufacturing and real estate, brought in substantial investments, showcasing a positive economic direction going into 2024.

Life sciences companies in Montgomery County continue to be a powerful driver of investment, with more than $500 million dollars generated in 2023. Montgomery County anchors the thriving Biohealth Capital Region, which rose from #4 to #3 in the top 10 of U.S. biopharma clusters.

Recent highlights for Montgomery County’s ongoing life sciences success include:

Deka Biosciences closed $60 million to continue developing drugs for patients suffering from cancer and autoimmune diseases;
Welcoming Amgen to Montgomery County through a $28 billion acquisition of Horizon Therapeutics, now building its North American technical center in Rockville;
The impact of two life science leaders and soon-to-be neighboring companies: MilliporeSigma and Horizon Therapeutics, together represent more than $500 million invested in new facilities;
Selecta Biosciences merging with Cartesian Therapeutics, which included a $60.25 million private financing deal for Cartesian.

“Deka Biosciences has grown exponentially as part of Montgomery County’s Business Innovation Network,” said Deka President & CEO John Mumm. “We wouldn’t be where we are without them. They have completely enabled us to grow faster than I’ve ever grown a company before,” he explained about the incubator facility.

Nine companies in the manufacturing sector received funding in 2023, including MasPanadas, a home-grown success story. With a recent influx of investment, MasPanadas is in the process of building a space that will triple its square footage to 18,000, while adding another 70 employees.

“Our company continues to thrive here with exceptional growth in annual sales and our client base including having our products in national grocery chains,” said Margarita Womack, founder of MasPanadas. “Montgomery County has been a great partner providing connections to programs, tax credit assistance and funding. We are excited about our growth and expansion plans.”

Another highlight in the manufacturing arena is Eat the Change, which received a $14 million venture capital investment. Co-owner Seth Goldman, who is also co-founder of PLNT Burger and Honest Tea, said: “Downtown Bethesda may not be Silicon Valley or Route 128, but with its active startup community and experienced workforce, it has served us well as the perfect location to launch and scale a mission-driven tea brand…twice! Our success with Honest Tea helped us launch Just Ice Tea in 90 days, and then close our Series A $14 million financing in just 60 days. Just Ice Tea, a product of mission-based Eat the Change, is now the nation’s top-selling organic tea brand and we look forward to continued expansion into mainstream channels.”

Technology leaders continue to thrive in Montgomery County, with close to 50 companies receiving funding. Companies include Quantum Xchange, GivHero, and Aledade. Rockville-based N5 Sensors received $2.5 million in funding for its proprietary cloud-connected ecosystem of smart sensors to keep people safe from environmental hazards. N5 Sensors’ CEO Abhishek Motayed says the company has grown from seven people to over 25 in their three years in Montgomery County. “We plan to open a second facility, a high-tech semiconductor manufacturing center, to support advanced R&D and product delivery for different critical markets from defense to environmental detection.”

Montgomery County is a welcoming home to businesses with a diverse economy, top talent pools, access to funding and anchored by major federal agencies including the National Institutes of Health (NIH), the Food and Drug Administration (FDA) and the National Institute of Standards and Technology (NIST).

“By many measures, 2023 was a very good year for the Montgomery County economy and I applaud the successful efforts of the Montgomery County Economic Development Corporation,” said County Executive Marc Elrich. “We are expanding our economy by building on our strengths as well as opening our doors to new opportunities. We are better equipped to address challenging issues, and we are making progress. This was reinforced during our economic development trips to Taiwan, India, and Vietnam last year. People, around this nation and throughout this world, know Montgomery County, Md., as a welcoming and diverse place with a wealth of talent and plenty of possibilities. I am looking forward to more economic success in 2024.”

“The robust investment in Montgomery County companies is a testament to our pioneering spirit, diversity, and exceptional climate for business growth,” said Bill Tompkins, president and CEO of Montgomery County Economic Development Corporation. “While the country as a whole has experienced a downturn in funding, investments in Montgomery County businesses, especially in life sciences, continues to be strong.”

Here are the Rockville companies that raised funding through IPO, private funding and venture capital in 2023:

Accelerator/Incubator

Virtual Apprentice

Grant

Axel Informatics – $125,760,000

Initial Public Offering (IPO)

OS Therapies – $10,000,000

Mergers & Acquisitions (M&A)

Private Equity

Quince Orchard Psychotherapy
CytoTest – $840,000

Seed

MasPanadas
NeuroCytonix – $4,010,000
N5 Sensors – $2,500,000
AuthMind – $8,490,000

Venture Capital (VC)

Kaigene
OS Therapies – $2,000,000
X Energy – $25,000,000
Rise Therapeutics – $200,000
Bearn – $1,000,000
Polaris Genomics – $1,000,000
AgNovos Bioscience – $31,470,000
Ally Behavior Centers
ConstructivIQ
Machfu – $500,000
CellPhire Therapeutics – $2,000,000
X Energy – $235,000,000

View the entire list of Montgomery County companies here: Montgomery County, MD Investments in 2023

View the full press release here: https://thinkmoco.com/blog/2023-moco-investment

AstraZeneca expands US manufacturing footprint with $300 million Rockville manufacturing facility

The state-of-the-art facility will bring 150 new highly-skilled jobs

Wilmington, De., Feb. 6, 2024 – AstraZeneca is investing $300 million in a state-of-the-art facility in Rockville, Maryland to launch its life-saving cell therapy platforms in the US for critical cancer trials and future commercial supply. More than 150 new highly skilled jobs will be created to initially focus on manufacturing T-cell therapies to enable clinical trials to be conducted around the world. Over time, the site may expand its focus to support other disease areas.

The site represents the latest investment in cell therapy for AstraZeneca following collaborations with Quell therapeutics, AbelZeta, Cellectis, and the acquisition of Neogene Therapeutics.

Pam Cheng, Executive Vice President of Global Operations & IT and Chief Sustainability Officer, AstraZeneca, said: “We are incredibly excited that more than 150 new highly skilled jobs are being created to bring our scientific work and therapies to clinical trials which could transform the lives of patients around the world. This new $300 million investment will accelerate our ambition to make next-generation cell therapy a reality, ensuring that we are ready to scale and meet the demands of patients.”

The facility in Rockville, MD is located less than five miles away from one of the company’s five global R&D centers and sits within the booming life sciences corridor in Maryland. With close proximity to several universities, the life sciences ecosystem provides an attractive environment for recruiting new and experienced talent.

Maryland Governor Wes Moore said: “AstraZeneca and the State of Maryland share a deep commitment to innovation. It makes us the perfect pairing for this next-generation cell therapy facility. This significant investment in our life sciences sector will help maintain Maryland’s leadership in the industry and sharpen our competitive edge. We are deeply grateful for AstraZeneca’s partnership and continued commitment to our state.”

The Rockville facility will join AstraZeneca’s global manufacturing and supply network of nearly 30 manufacturing and supply sites in 16 countries, which are either currently operational or under development across the company. In the US, AstraZeneca’s manufacturing sites focus on the production of small molecules and biologics, harnessing leading pharmaceutical technology and development. Together, the US manufacturing sites employ more than 2,600 full-time employees and deliver more than 9 billion doses of medicines annually.

View the full press release here: https://www.astrazeneca-us.com/media/press-releases/2024/astrazeneca-expands-us-manufacturing-footprint-to-accelerate-ambitions-in-next-generation-cell-therapy-discovery-and-development.html

About AstraZeneca

AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialization of prescription medicines in Oncology, Rare Diseases and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. Learn more at https://www.astrazeneca-us.com/

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Category: News

Explore Rockville invites the Washington, D.C., region to cool down with Global Bites Fest Dining Days hot culinary deals through July 6

From June 22 – July 6, participating restaurants will offer exclusive deals and discounts through the Global Bites Fest Digital Passport, powered by Rockville Rewards.

Participating Dining Days Restaurants:

Embark on a flavorful journey at Explore Rockville’s Global Bites Fest: Three Experiences, One Epic Culinary Celebration

Explore Rockville invites everyone to join the celebration of global cuisine and cultural diversity from June 22 to July 6, 2024.

About Explore Rockville

About Rockville Economic Development, Inc. (REDI)

The Intersection of Business and the Arts

“The future belongs to a very different kind of person with a very different kind of mind – creators and empathizers, pattern recognizers, and meaning makers.” - Daniel H. Pink, A Whole New Mind (2007)

About REDI

Rockville Economic Development, Inc. (REDI) presents strategies for small-scale manufacturing with Rock East District Boost report

Rock East District is a collaborative initiative that showcases businesses, services, and recreational offerings along East Gude Drive in Rockville.

About REDI

Danette Nguyen chosen for the Leadership Maryland Emerging Leader Program inaugural class

Maryland Women’s Business Center Managing Director one of 40 selected to participate in Leadership Maryland’s new six-month professional development program

Maryland Women’s Business Center featured in El Tiempo Latino newspaper

El Tiempo Latino is the largest Spanish-speaking newspaper in the DMV

Governor Moore Announces $10 Million for Small Business Grants to Strengthen Local Economies Across Maryland

"Together, we will continue to make Maryland more competitive by moving in concert with entrepreneurs and small businesses – not in conflict with them.”

Celebrating and Elevating Rockville’s Black Businesses

In recognition of Black History Month, REDI launched an ongoing project that highlights Black-owned businesses in our local economy while also connecting them to resources that support growth including:

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

Investments in Rockville companies exceed $455 million in 2023

In 2023, Rockville companies received $455 million out of $2.2 billion in investments throughout Montgomery County

Accelerator/Incubator

Grant

Initial Public Offering (IPO)

Mergers & Acquisitions (M&A)

Private Equity

Seed

Venture Capital (VC)

AstraZeneca expands US manufacturing footprint with $300 million Rockville manufacturing facility

The state-of-the-art facility will bring 150 new highly-skilled jobs

About AstraZeneca