Eligible companies creating at least five new full-time, permanent jobs with a base annual salary of $100,000 (excluding benefits) can receive up to $10,000 per new job created. For businesses located in Community Equity Index disadvantaged areas, the award increases to $12,000 per job.
Eligible businesses must be located in Montgomery County, operate in one of the target industries (listed below) and hire a minimum of five full-time employees within six months of submitting an application.
Details of the grant funding program include:
- Target Industries: Life sciences, advanced technology, cybersecurity, quantum computing or hospitality.
- Funding: Awards range from $10,000 to $12,000 per qualifying job, with a maximum total award of $500,000 per company.
- Rolling Applications: Companies can apply as soon as they are ready.
- Funds awarded: On a first-come, first-served basis until they are fully expended.
