Make Office VacanciesExtinct program (MOVE) is part of the County’s Economic Development Fund and is designed to attract cybersecurity, green technology, IT and life science businesses to Montgomery County by providing businesses with financial assistance to reduce rent costs for the first year.
Now, the program has signed its first tenant, L-Soft International, Inc. which will relocate from Landover to Bethesda. According to its website, L-Soft provides email list management and email marketing solutions to more than 3,700 customers worldwide.
A story in The Washington Business Journal by Daniel J. Sernovitz, states that the County will pay L-Soft about $20,000 to move to the new location at 7550 Wisconsin Ave.
DED Director Steve Silverman has said he is encouraged by the more than two dozen queries that have been received since the program was announced in March.