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That’s a wrap! Rockville Economic Development, Inc. (REDI) 2021 Year in Review

As businesses continued weathering the pandemic, REDI bolstered its support and services to businesses and entrepreneurs, developed new programs that help Rockville’s most vulnerable industries recover, and engaged with regional organizations and institutions to prepare for the future economy.

Here’s a review of REDI’s impact in 2021:

Business Attraction, Retention and Expansion; Business Incentives:

  • Worked with the City of Rockville to reposition the Shady Grove Bio+Tech Campus on Choke Cherry Road as an adaptive reuse project with new Class A lab space, attracting life science businesses to the campus, including supporting changes to the City’s codes to allow for more streamlined processes for adaptive reuse projects
  • Consulted on and assisted with permit services for Duball’s Phase II of Rockville Town Center (the Ansel) multifamily project, including 400 apartment units
  • Developed a rapport with Connected DMV to provide input and support on a number of their initiatives including a Global Pandemic Prevention & Biodefense Center that located in Rockville, a center for Quantum, development of strategies to provide equal access for minorities and underserved populations to education and work opportunities, and regional economic development initiatives
  • Refined and streamlined the MOVE/Expansion and Small Business Impact Incentive Funds requirements and application process to make the programs more accessible to Rockville businesses and surveyed recipients of REDI’s MOVE/Expansion and Small Business Impact Incentive Funds to gauge the added economic impact to the City that these programs provide, as well as to provide support for REDI’s requests for additional funding for these programs
    • Provided $475,639 incentives to 5 businesses resulting in 100+ full and part time jobs retained and the creation of 35+ full-time jobs over 3 years:

Next Level Rentals



40 W. Gude Drive

8 FTE in Rockville with projected 7 new with move

3,136 sf

Smathers and Branson



1570 E. Jefferson Street

29 FTE in Rockville increase of 12+ new within 3 years

22,500 sf

Kim Engineering



1390 Piccard Drive

10 FTE in Rockville with 10 new in 3 years

4,122 sf

Twinbrook Dental



12300 Twinbrook Parkway

5 FTE with 7 new in 3 years

2,771 sf

Dawson’s Market



225 N. Washington Street

26 FT/33 PT employees

25,029 sf

Maryland Women’s Business Center (MWBC)/Small Business Support:

  • Supported 329 Montgomery County home-based childcare programs through one-on-one counseling and the development of a workshop series designed to strengthen financial practices
  • Launched the 14-week new program VetBizLady Grow program utilizing the GrowthWheel program with 15 Maryland participants through a partnership that includes the DC WBC, the ODU WBC, and the US Department of Veteran Affairs
  • Expanded MWBC’s Retail Incubator, ShopHer, to Union Station with a partnership with the DC WBC
  • Assisted 11 vendors receive funds from the Maryland RELIEF Act Online Sales and Telework Grant Assistance through MCEDC
  • Presented a three-part series of workshops on leadership development in the food and beverage industry to over 70 attendees

Workforce/Talent Alignment:

 Marketing/Tourism Development: