Council Approves Biotech Grant Program

The Montgomery County Council on Tuesday unanimously approved Tuesday a county matching fund for businesses that receive federal grants.

Councilmember George Leventhal spearheaded the grant, which was co-sponsored by the eight remaining council members.

The county grant would match grants to businesses that receive federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants. By matching the grants, the council hopes small businesses that receive the grants will locate in the county.

Leventhal talked about the grant program at a forum he hosted in February. A small local grant, he said then, would help startups with potential investors.

Other biotech ideas came up as well:

Biotech Leaders Offer Suggestions at Forum

The bill establishes grant awards capped at either $25,000 or $75,000, depending on federal support.

You can read information about the grant program here:

Like this post? Sign up for our Daily Update here.
Douglas Tallman

About Douglas Tallman

Reporter with 35 years experience throughout Maryland. Reach me at dtallman@mymcmedia.org or via Twitter at @MCM-Doug

Comments

| No comments yet.



Engage us on Facebook

Follow us on Twitter