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 (owned by the County), the Rockville Innovation Center (RIC) in Rockville Town Square (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 (owned by the County), a partnership between the National Institute of Standards and Technology (NIST), the State of Maryland, and Montgomery County. The NDA also provides support for the NonProfit Village, a non-profit incubator, for operational, organizational, equipment and training support services.

Program Contacts

Contact Kathleen Hynes of the Office of Management and Budget at 240.777.2767 for more information regarding the operating budget for the Non-Departmental Accounts.


Program Budget Changes

FY23 Approved ChangesExpendituresFTEs
FY22 Approved30378912.00
Enhance: Funding to address disparities for Black businesses 8770000.00
Increase Cost: Increase Staffing Capacity to Support the Development of the County's Entrepreneurial Ecosystem and Manage all Programming and Portfolio Management Duties at SSIC, RIC and GIC.3102643.00
Enhance: Increase Base Budget Funding for Nonprofit Village500000.00
Increase Cost: FY23 Compensation Adjustment49260.00
Increase Cost: Annualization of FY22 Personnel Costs17560.00
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.71340.00
FY23 Approved42889715.00