Press Release Archives - Rockville Economic Development, Inc

Maryland Women’s Business Center Welcomes Karen Sippel as New Managing Director

Sippel’s career is rooted in supporting small businesses, particularly women-owned enterprises.

Rockville, Md., Feb. 4, 2025 –The Maryland Women’s Business Center (MWBC), a program of Rockville Economic Development, Inc. (REDI), is pleased to announce the appointment of Karen Sippel as its new Managing Director effective February 4, 2025. With a career spanning entrepreneurship, nonprofit leadership, and strategic communications, Sippel brings a wealth of experience to MWBC as it continues to empower entrepreneurs across Maryland.

“We are thrilled to welcome Karen to MWBC,” said Cynthia Rivarde, CEO of Rockville Economic Development, Inc. “Her experience designing and leading training program for women entrepreneurs, combined with her background in marketing, nonprofit management, and fundraising, makes her a tremendous asset to our organization and the businesses we serve.”

Sippel’s career is rooted in supporting small businesses, particularly women-owned enterprises. As co-founder and managing director of the African Women Entrepreneurship Cooperative (AWEC), she led a capacity-building program that empowered 200 business owners annually across 52 African countries to level-up their skills, increase revenue, and hire more employees. She has also founded and operated multiple businesses, including a professional services firm and a wholesale bakery, the latter of which she opened after earning a pastry arts certificate from a Washington, D.C.-area culinary school.

In addition to her work in entrepreneurship, Sippel has held senior leadership roles in communications, marketing, and fundraising at tech startups, nonprofits, and global public affairs firms. She has served as a senior executive at The Center for Global Enterprise, Personal (a startup focused on online privacy that was later acquired by Digi.Me), and major public relations and marketing agencies such as Porter Novelli, Merritt Group, and Burson-Marsteller.

With a deep passion for entrepreneurship, Sippel is eager to lead MWBC into its next chapter. “Coming from a multi-generational family of business owners, I have a deep affinity for those who take the leap to start and grow their own businesses,” said Sippel. “I understand the challenges entrepreneurs face, and I’m honored to step into this role at MWBC to continue supporting small businesses across Maryland.”

Sippel holds a Bachelor of Arts degree in history from the University of Virginia. She also serves as a mentor to women entrepreneurs, providing guidance through AWEC’s year-long capacity-building program.

About Maryland Women’s Business Center

Maryland Women’s Business Center (MWBC) is a signature program of Rockville Economic Development, Inc. MWBC helps entrepreneurs and small businesses owners across Maryland’s Capital Region start, sustain, and grow their companies. Through workshops, individual counseling, facilitated peer group support, special resources, and access to capital, MWBC annually helps over 1,500 entrepreneurs gain the skills, connections, and confidence necessary to navigate entrepreneurship. Learn more at marylandwbc.org.

Media Contact
Amanda Bosland, Marketing & Communications Director, REDI – amanda@rockvilleredi.org

Amazon Invests in X-Energy to Support Advanced Small Modular Nuclear Reactors and Expand Carbon-Free Power

Investment solidifies X-energy’s leading role in commercializing SMR technology to revolutionize the nuclear industry.

ROCKVILLE, Md., October 16, 2024 – X-Energy Reactor Company, LLC (“X-energy”), a leader in advanced nuclear reactor and fuel technology, today announced a Series C-1 financing round of approximately $500 million, anchored by Amazon.com, Inc. (“Amazon”). The investment will help meet growing energy demands by funding the completion of X-energy’s reactor design and licensing as well as the first phase of its TRISO-X fuel fabrication facility in Oak Ridge, Tennessee. Additionally, the funding will support future carbon-free projects that will use X-energy’s Xe-100 advanced small modular nuclear reactors (“SMRs”). Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation (“Ares”), NGP, and the University of Michigan join Amazon’s Climate Pledge Fund in the financing round.

Amazon and X-energy are also collaborating to bring more than 5 gigawatts of new power projects online across the United States by 2039, representing the largest commercial deployment target of SMRs to date. The efforts will help meet growing energy demands in key locations through direct project investments and long-term power purchase agreements to help power Amazon operations. Further, X-energy and Amazon plan to establish and standardize a deployment and financing model to develop projects in partnership with infrastructure and utility partners.

The companies will initially support a four-unit 320-megawatt (“MW”) project with regional utility Energy Northwest in central Washington with the option to increase that project to 12 units and 960 MW. Amazon is immediately committing a direct investment in the Energy Northwest project to fund early development work that X-energy will perform.

“This collaboration between Amazon and X-energy is a significant step toward accelerating advanced nuclear technologies that can help us bring new sources of carbon-free energy to the grid cost-effectively and safely,” said Kevin Miller, Amazon’s Vice President of Global Data Centers. “We need smart solutions that can help us meet growing energy demands while also addressing climate change. X-energy’s technology will be integral in helping achieve this, and is an important step in Amazon’s work to achieve our Climate Pledge commitment to be net-zero by 2040.”

“Nuclear is an important source of clean and reliable power that our nation needs to meet the growing demand for energy,” said Ken Griffin, Founder and CEO of Citadel, whose affiliate is one of the lead investors in this round. “X-energy provides an impactful solution to a critical challenge – and the support Amazon, Dow, and other major corporations have provided underscores its potential and merit.”

“Amazon and X-energy are poised to define the future of advanced nuclear energy in the commercial marketplace,” said X-energy CEO J. Clay Sell. “To fully realize the opportunities available through artificial intelligence, we must bring clean, safe, and reliable electrons onto the grid with proven technologies that can scale and grow with demand. We deeply appreciate our earliest funders and collaborators, notably the U.S. Department of Energy and Dow Inc. With Amazon, Ken Griffin, and our other strategic investors, we are now uniquely suited to deliver on this transformative vision for the future of energy and tech.”

X-energy’s pioneering Xe-100 advanced small modular reactor and TRISO-X fuel are among the safest and most reliable clean energy technologies. Each reactor unit is engineered to provide 80 MW of electricity and is optimized in multi-unit plants ranging from 320 MW to 960 MW. The innovative and simplified modular design is road-shippable and intended to drive geographic scalability, accelerate construction timelines, and create more predictable and manageable construction costs. X-energy’s advanced reactor technology offers remarkable efficiency and resiliency to meet the requirements of energy-intensive data centers, allowing Amazon to align its growth and carbon-free energy goals.

X-energy is developing its initial Xe-100 plant at Dow Inc.’s UCC Seadrift Operations manufacturing site on the Texas Gulf Coast. Supported by the U.S. Department of Energy’s (“DOE”) Advanced Reactor Demonstration Program (“ARDP”), the project will be the first grid-scale advanced nuclear reactor deployed to serve an industrial site in North America, providing the site with zero-carbon emissions power and high-temperature steam. ARDP also supports X-energy’s first-in-the-nation commercial facility to exclusively manufacture TRISO fuel, which DOE calls “the most robust nuclear fuel on Earth.”

Additional Commentary
Kam Ghaffarian, Ph.D., Founder and Executive Chairman, X-energy

“The investments from Amazon, our Series C-1 funders, and valued partners like Dow and the U.S. Department of Energy underscore X-energy’s leadership in commercializing SMR technology and delivering the clean, safe, affordable, and reliable power our world needs now. Reaching this milestone is a testament to the dedication of the X-energy team and the essential energy solutions we’ve built. We remain focused on bringing our advanced reactor technology to market, enabling a future powered by sustainable, zero-carbon energy.”

Allyson Satin, Partner, Ares

“Ares is proud to further strengthen its support for X-energy and the advancement of nuclear technologies as it enters this partnership and significantly accelerates its mission to support the transition to a lower-carbon economy. Through our work together over the last two years, we are confident in X-energy’s ability to capitalize on the rapidly increasing demand for scalable clean energy sources and drive long-term, sustainable value for its stakeholders.”

Maritza Liaw, Partner, NGP

“NGP recognizes the unique contribution of nuclear energy to reliable, carbon-free, baseload electricity and industrial heat. X-energy has a world-class team, well-tested reactor and fuel design, and committed collaborators in Dow and Amazon who are both leaders in their industries. We are proud to partner with X-energy to bring advanced nuclear energy to market.”

Erik Lundberg, Chief Investment Officer, University of Michigan

“The University of Michigan has been at the forefront of the energy transition, strategically investing in a diverse portfolio of sustainable and renewable energy and other climate solutions, including utility-scale solar, renewable fuels, and sustainable infrastructure. The U-M Investment Office is proud to partner with X-energy as part of its broader commitment to transitioning to a more sustainable economy. As part of its comprehensive approach to achieving a low-carbon future, the U-M Investment Office recognizes advanced nuclear technologies as a key component to its climate solutions investment strategy, reinforcing its commitment to long-term decarbonization goals.”

Advisors
Latham & Watkins LLP is acting as legal advisor to X-energy, and Moelis & Company is acting as exclusive financial advisor and placement agent.

About X-energy

X-Energy Reactor Company, LLC, is a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient advanced small modular nuclear reactors and proprietary fuel to deliver reliable, zero-carbon and affordable energy to people around the world. X-energy’s simplified, modular, and intrinsically safe SMR design expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with other SMRs and conventional nuclear. For more information, visit X-energy.com or connect on Twitter or LinkedIn.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

View original Press Release: https://x-energy.com/media/news-releases/amazon-invests-in-x-energy-to-support-advanced-small-modular-nuclear-reactors-and-expand-carbon-free-power

Governor Moore Announces $16.2 Million to Support Small Businesses and Community Revitalization Across Maryland

"When we invest in our small businesses, we invest in the neighborhoods they serve and the Marylanders they employ."

Press Release published by the Maryland Department of Housing and Community Development

ANNAPOLIS, MD – Governor Wes Moore today announced that the Maryland Department of Housing and Community Development has awarded more than $16.2 million to assist small businesses and support local revitalization projects and activities. Grants from the Business Boost Microgrant Program, the Main Street Improvement Grant, and Project Restore 2.0 will provide funds to 121 businesses, local governments, and place-based economic development organizations to spur community revitalization by attracting, retaining, and expanding small businesses, as well as through the promotion of local, cultural attractions and events.

“Community growth and business growth are inextricably linked. When we invest in our small businesses, we invest in the neighborhoods they serve and the Marylanders they employ,” said Gov. Moore. “Today, we take an important step toward building a more competitive economy and a more vibrant state.”

The Business Boost Microgrant Program helps businesses expand or establish locations, with preference for home-based businesses that are establishing their first commercial location outside of the home. Applicants are required to meet one or more of the priority impact attributes that contribute to Maryland’s economic growth, such as supporting minority and women-owned businesses, driving innovation or technology advancements, growing new industries, or leveraging existing regional strengths. Pending local approval, Business Boost will award $2,113,147 to assist 47 businesses, including:

Automating the manufacturing capabilities of Fyodor Biotechnologies (Baltimore City) to increase the production of its urine malaria test, the world’s first non-blood, home test for malaria that provides results in minutes.
Assisting Stylish Auto Dealer (Charles County) in acquiring and enhancing a second auto repair shop and launching its auto wholesale business. The expansion includes the hiring of mechanics and shop personnel.

The Main Street Improvement Grant Program provides operating assistance to local governments or economic development organizations in Maryland’s designated and affiliated Main Street Maryland communities and Baltimore City’s designated Main Street neighborhoods. Grants help awardees achieve their community revitalization and economic development goals, including creating and retaining small businesses and increasing tourism for local events and attractions. The program awarded $966,000 in grants to 47 awardees, including:

Funding for the Town of Centreville (Queen Anne’s County) to support its façade improvement program and to cover fees for National Main Street membership, website maintenance, photography, videography, and business promotions.
Design, construction, and installation of public art in the Main Street district of the Town of Thurmont (Frederick County).

Project Restore 2.0 activates vacant buildings, supports small businesses, and increases local economic activity by providing financial support to improve the vitality of Maryland’s commercial corridors. Unlike prior rounds of the program, which directly funded businesses, $13,193,363 was awarded as block grants to 55 place-based economic development organizations, nonprofit or local government entities that work to improve a specific jurisdiction within the state. Awardees including the City of Cumberland (Allegany County), the Bel Air Downtown Alliance (Harford County), and the Ocean City Development Corporation (Worcester County) will sub-grant the funds to for-profit businesses, nonprofit organizations, cooperatively owned businesses, and social enterprises to start up or expand into vacant buildings in their jurisdictions.

“To ensure the continued quality of our communities and to improve the quality of life for all their residents, we must revitalize their hearts – downtowns, Main Streets, and other important community hubs and places,” said Maryland Department of Housing and Community Development Secretary Jake Day. “This important funding will provide strength by supporting the growth of small businesses that provide local services and job opportunities and the events and attractions that make Maryland’s unique, varied communities such great and lovable places.”

For more information about the Maryland Department of Housing and Community Development business assistance and Main Street improvement programs, visit http://dhcd.maryland.gov.

View original Press Release: https://news.maryland.gov/dhcd/2024/07/09/governor-moore-announces-16-2-million-to-support-small-businesses-and-community-revitalization-across-maryland/

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/

Rockville Economic Development, Inc. (REDI) expands grant programs to include retail and restaurants

Application deadlines for REDI grant programs are September 30 and April 30

ROCKVILLE, Md., Aug. 22, 2023 – Rockville Economic Development, Inc. (REDI) has announced the expansion of its grant programs, Rockville MOVE Program and Business Expansion Fund, to now encompass retail and restaurant businesses. These updates aim to provide enhanced support to Rockville’s diverse business landscape.

The Rockville MOVE Program is designed to foster and bolster business relocation, expansion and startups within the City. The Rockville MOVE grant offers up to $4.00 per square foot for office, industrial, retail, and flex space to businesses that invest and create jobs in Rockville. Application deadlines for Rockville MOVE are September 30 and April 30 each year.

Additionally, the Business Expansion Fund has been expanded to offer support to existing Rockville retail and restaurant businesses expanding within the city. These businesses can now apply for grants of up to $40,000 per application to facilitate their expansion plans. Similar to the Rockville MOVE Program, the application deadlines for the Business Expansion Fund are September 30 and April 30.

LaVonne Torrence Berner, Chair of REDI’s Incentive Review Committee, expressed enthusiasm about these program expansions. “We’re thrilled to amplify opportunities for business growth by expanding both Rockville MOVE and the Business Expansion programs to include retail and restaurants. These programs are a testament to REDI and the City’s commitment to nurturing Rockville’s vibrant business community.”

For more information about Rockville MOVE and Business Expansion Fund grants, please visit www.rockvilleredi.org/business-grants-loans

About REDI

Media Contact:

Amanda Bosland, Communications Manager – REDI
301-355-2213 | amanda@rockvilleredi.org

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

MEDIA CONTACT:

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

Rockville Economic Development, Inc. Publishes New Rockville, MD Guide for Businesses

For Immediate Release:
March 28, 2023

Contact:
Amanda Bosland
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, published its new Rockville, MD Guide for Businesses. The Guide for Businesses is a comprehensive resource for entrepreneurs and business owners looking to grow and thrive in Rockville, MD.

The Rockville Guide for Businesses was created by REDI in consultation with the City of Rockville, and local business organizations and stakeholders. The new guide provides city data, resources and contact information of key partners and stakeholders in Rockville and the wider community.

“Whether you’re just starting up or are looking to take your business to the next level, the Rockville Guide for Businesses is an invaluable resource that can help you easily navigate Rockville’s business community, and help you achieve your goals,” said REDI’s Chief Executive Officer, Cindy Rivarde.

The Rockville Guide for Businesses is online, mobile-friendly can be accessed by visiting https://rockvilleredi.org/rockville-md-guide-for-businesses-2023/

Header

Category: Press Release

Maryland Women’s Business Center Welcomes Karen Sippel as New Managing Director

Sippel’s career is rooted in supporting small businesses, particularly women-owned enterprises.

About Maryland Women’s Business Center

Amazon Invests in X-Energy to Support Advanced Small Modular Nuclear Reactors and Expand Carbon-Free Power

Investment solidifies X-energy’s leading role in commercializing SMR technology to revolutionize the nuclear industry.

About X-energy

About Amazon

Governor Moore Announces $16.2 Million to Support Small Businesses and Community Revitalization Across Maryland

"When we invest in our small businesses, we invest in the neighborhoods they serve and the Marylanders they employ."

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

Rockville Economic Development, Inc. (REDI) expands grant programs to include retail and restaurants

Application deadlines for REDI grant programs are September 30 and April 30

About REDI

Media Contact:

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

About REDI

MEDIA CONTACT:

Rockville Economic Development, Inc. Publishes New Rockville, MD Guide for Businesses

About REDI