Montgomery County Maryland Operating Budget

Budget Year / Version:

Program Description

Incubator Programs - Economic Development Partnership

This NDA provides for facility lease payments, program and portfolio management services for the County's Business Innovation Network (BIN) facilities, and program funding for the Business Incubator Without Walls Program (for the Down County area). The BIN consists of three physical locations: the Silver Spring Innovation Center (SSIC) on Georgia Avenue, the Rockville Innovation Center (RIC) in Rockville Town Square, (both owned by the County), and the Germantown Innovation Center (GIC, on the campus of Montgomery College under lease from the College Foundation until 2036). This NDA also supports the National Cybersecurity Center of Excellence (NCCoE), located at 9700 Great Seneca Highway in Rockville, as a partnership between the National Institute of Standards and Technology (NIST), the State of Maryland, and Montgomery County. The NDA also provides support for non-profit incubator organizations' operations, equipment, and training.

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Non-Departmental Accounts

Program Contacts

Contact Lindsay Lucas of the Office of Management and Budget at 240.777.2788 for more information regarding the operating budget for the Non-Departmental Accounts.

Program Budget Changes

FY20 Approved Changes	Expenditures	FTEs
FY19 Approved	3584971	0.00
Re-align: Actual Operating Expenses for County Incubator Programs	716658	0.00
Increase Cost: Provide Staff Support for Oversight and Management of County Incubator Contracts	110804	1.00
Shift: Funding to Support a Regional Business Services Hub Program shifted to the Community Engagement Cluster	-229583	0.00
Decrease Cost: Continue FY19 Savings Plan to Reflect Reduction in the Biohealth Innovation Inc. Contract and Use Funds to Support Other County Programs	-229677	0.00
Shift: Debt Service for Rockville Incubator and NCCoE Shifted to the Debt Service Fund	-928000	0.00
FY20 Approved	3025173	1.00

Notes: In FY20, $142,000 is allocated to fund the County incubator study, $40,740 is to evaluate the feasibility of a County-based Kitchen Incubator/Food Hall, $50,000 is to provide County funds to create a Biomanufacturing Industry Center on the campus of Universities at Shady Grove supported by the National Institute for Innovation in Manufacturing Biophamaceuticals (NIMBL), and $200,000 is used to support biohealth programs or incubation of biohealth businesses in Montgomery County.