Per Montgomery County: Today the Montgomery County Council unanimously passed legislation that will fuel economic development by providing the County Executive with greater flexibility regarding the administration of the County’s program to match federal Small Business Innovation Research and Small Business Technology Transfer grants. The legislation is sponsored by Planning, Housing and Economic Development (PHED) Committee Chair Hans Riemer and Councilmembers Will Jawando and Andrew Friedson, who sit on the PHED Committee.
Expedited Bill 31-22, Finance – Economic Development Fund – Small Business Innovation Research and Small Business Technology Transfer Matching Grant Program, alters the administration and eligibility requirements of the Small Business Innovation Research and Small Business Technology Transfer Matching Grant Program, which provides funding to small businesses engaged in research and development, and amends the law regarding the program and the Economic Development Fund.