Rockville Small Business Impact Fund
Target Applicants
The Rockville Small Business Impact Fund (SBIF) will offer financial assistance to qualified, small- and medium-sized businesses to promote economic development throughout the City of Rockville, especially start-ups and businesses that lack the capital to sustain growth.
Overview
The fund aligns with REDI’s strategy to foster economic vitality through projects that support the Mayor and Council’s vision for economic development and offer substantial public benefits, including:
- Retaining and creating new jobs, with an emphasis on traditionally under-served populations.
- Retaining and expanding key business uses and services.
- Encouraging positive social impact.
- Supporting business-to-community engagement.
Examples of funded projects include:
- Marketing
- Facade and signage upgrades
- Tenant improvements
- Equipment purchase
There are two application deadlines each year–September 30 and April 30. Prospective applicants are required to meet with REDI’s Deputy Director, Richelle Wilson (richelle@rockvilleredi.org or 301-355-2214) prior to submitting their application. Applications received after each deadline will be considered in the next review cycle. Applications will be reviewed/approved until all available funds are awarded.
*Please note the map above is for illustrative purposes only. To view the official city limits for the City of Rockville, visit https://www.rockvillemd.gov/683/City-Maps
Application Process
- Complete the online application.
- Provide the required supporting documentation via the online application or email as outlined in the program guidelines (please contact Richelle Wilson at richelle@rockvilleredi.org for details).
- Submit application and supporting documentation by REDI’s application deadline–September 30 or April 30. Once all documentation is received, REDI will review the application and determine eligibility.
- Eligible applications will be forwarded to the Incentive Review Committee for review and funding determination. All funds awarded are subject to available program funding at the time of approved application. Program funds will be disbursed based on an agreed-upon schedule once all required project documentation is on file with REDI.
REDI reserves the sole right to amend, modify, add or delete any part or subpart of this Program. Additionally, REDI reserves the sole right to accept, reject, or modify any application.
For more information, email Richelle Wilson at Richelle@RockvilleREDI.org or call (301) 315-8096.
Small Business Impact Fund Awardees
| Business Name | Address | Award Amount | Fiscal Year Awarded |
|---|---|---|---|
| Cottage Monet | 36 Maryland Ave, Rockville, MD | $15,000 | 2023 |
| Chaney Communications | 199 E Montgomery Avenue, Suite 100, Rockville, MD | $20,000 | 2023 |
| Saints Valley | 130 Gibbs St Unit A, Rockville, MD 20850 | $20,000 | 2023 |
| Nature by Trejok | 130 Gibbs St, Unit B, Rockville, MD | $25,000 | 2023 |
| Rockville Physical Therapy | 3202 Tower Oaks Blvd, Rockville, MD | $20,000 | 2023 |
| Cutesy Celebrations Boutique | 107 Gibbs Street Unit D, Rockville, MD | $24,650 | 2023 |
| Dawson's Market | 225 N Washington St, Rockville, MD 20850 | $400,000 | 2023 |
| Twinbrook Dental | 12300 Twinbrook Pkwy, Ste 110, Rockville, MD 20852 | $16,000 | 2022 |
| Dawson's Market | 225 N Washington St, Rockville, MD 20850 | $400,000 | 2022 |
| Cottage Monet | 36H Maryland Avenue, Rockville, MD 20850 | $34,000 | 2021 |
| Dawson's Market | 225 N Washington St, Rockville, MD 20850 | $400,000 | 2021 |
| Peerless Rockville | 29 Courthouse Square, Rm 110, Rockville, MD 20850 | $16,000 | 2020 |
| Pour Vino n' Hops | 42 Maryland Avenue, Rockville, MD 20850 | $16,000 | 2020 |
| Cottage Monet | 36H Maryland Avenue, Rockville, MD 20850 | $6,500 | 2020 |
| Dawson's Market | 225 N Washington St, Rockville, MD 20850 | $400,000 | 2020 |
| Cottage Monet | 36H Maryland Avenue, Rockville, MD 20850 | $30,000 | 2019 |
| Dawson's Market | 225 N Washington St, Rockville, MD 20850 | $200,000 | 2019 |