Access to capital can make the difference between putting a growth plan on hold and moving it forward. For businesses looking to hire, modernize operations, or invest in their next stage of growth, grants can provide valuable funding without the repayment requirements of a traditional loan.
Several local, state, and national programs are currently accepting applications from businesses that may include those based in Montgomery County. Two have deadlines before the end of August, making now a good time for eligible businesses to explore their options.
Here are three funding opportunities currently available to eligible Montgomery County businesses.
1. Montgomery County Job Creation Fund
Best for: Growing companies planning to create high-paying jobs in Montgomery County
The Montgomery County Job Creation Fund incentivizes companies in key industries to expand their workforce locally.
Eligible companies that create at least five qualifying new jobs can receive $10,000 per new job. Businesses located in designated Community Equity Index disadvantaged areas may receive $12,000 per qualifying job, with awards capped at $500,000.
Qualifying jobs must be new, full-time, permanent positions based in Montgomery County and pay a base annual salary of at least $100,000. Eligible sectors include advanced technology, cybersecurity, life sciences, quantum computing and certain hospitality businesses. Company headquarters and qualifying national nonprofit organizations based in Montgomery County may also be eligible.
Deadline: Applications are currently being accepted. Businesses should apply before beginning the qualifying hiring period.
Learn more about the Montgomery County Job Creation Fund
2. Maryland Manufacturing 4.0 Grant
Best for: Maryland manufacturers investing in technology and modernization
Montgomery County manufacturers looking to modernize their operations may benefit from the Maryland Manufacturing 4.0 Grant Program.
The program provides grants ranging from $25,000 to $500,000 to help small and mid-sized manufacturers invest in Industry 4.0 technologies, including machinery, robotics, software, automation, data analytics, artificial intelligence, cybersecurity solutions, and other digital business practices.
Eligible Maryland manufacturers must have between 3 and 250 full-time employees and meet additional program requirements. Grants can cover up to 75% of eligible project costs for manufacturers with 3–50 employees and up to 50% for those with 51–250 employees.
Deadline: August 31, 2026, at 5:00 p.m.
Learn more and apply through the Maryland Department of Commerce
3. Hey Helen Grant
Best for: Women entrepreneurs seeking flexible funding to grow their businesses
The Hey Helen Grant is a national opportunity available to eligible Montgomery County entrepreneurs. The program provides one founder with a $10,000 unrestricted grant that can be used for needs such as operations, marketing, hiring, infrastructure, or other growth initiatives.
Applicants must operate a U.S.-based, for-profit business that is 100% women-owned and generates less than $1 million in annual revenue. Additional eligibility requirements apply, and there is a $15 application fee.
Deadline: August 30, 2026
Learn more and apply for the Hey Helen Grant
Investing in Montgomery County’s Business Future
At CERG PAC 2.0, we believe entrepreneurship and business ownership are important pathways to economic opportunity and stronger communities.
Making businesses aware of resources like these can help more entrepreneurs access the capital they need to invest, hire, innovate, and grow. When local businesses are positioned to succeed, that growth can translate into quality jobs, greater economic mobility, and a stronger, more resilient Montgomery County economy.
Business owners interested in these opportunities should review the complete eligibility requirements and apply directly through the respective programs before the applicable deadlines.
About CERG 2.0 PAC
The Coalition for Equitable Representation in Government (CERG 2.0) is a political action committee committed to advancing inclusive economic growth in Montgomery County, Maryland, with a continued focus on strengthening Black communities and businesses.
We believe economic advancement requires more than conversation. It requires action, advocacy, and leadership that delivers measurable results.