Budget Year / Version:

Program Description

  Incubator Programs

This NDA provides for facility lease payments, portfolio management services, and program funding for the County's Business Innovation Network (BIN) facilities. The BIN consists of three physical locations: the Silver Spring Innovation Center on Georgia Avenue (owned by the County), the Rockville Innovation Center in Rockville Town Square (owned by the County), and the Germantown Innovation Center on the campus of Montgomery College (under lease from the College Foundation until 2036). This NDA also supports the National Cybersecurity Center of Excellence in Shady Grove, a partnership between the National Institutes of Technology, the State of Maryland, and Montgomery County.

Program Contacts

Contact Eva Acevedo of the Office of Management and Budget at 240.777.2763 for more information regarding the operating budget for the Non-Departmental Accounts.


Program Budget Changes

FY25 Recommended ChangesExpendituresFTEs
FY24 Approved26598745.00
Shift: Direct Business Technical Support and Educational Programming from MCEDC NDA to Incubator Programs NDA18000000.00
Shift: Innovation Manager Cost from Business Center Team to Incubator Programs NDA1477951.00
Increase Cost: Utilities, Facility Services621350.00
Increase Cost: FY25 Compensation Adjustment62490.00
Decrease Cost: Retirement Adjustment-92790.00
Shift: Program Manager II position from Incubator Programs NDA to Small Business Support Services NDA-127633-1.00
Shift: Fiscal and Policy Analyst III Position from Incubator Programs NDA to CEX-188102-1.00
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.343400.00
FY25 Recommended43853794.00