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 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

FY24 Approved ChangesExpendituresFTEs
FY23 Approved42889715.00
Increase Cost: FY24 Compensation Adjustment230500.00
Increase Cost: Annualization of FY23 Compensation Increases120.00
Shift: Funding to Small Business Support Services NDA-16750000.00
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.228410.00
FY24 Approved26598745.00