The Montgomery County Department of Economic Development (MCDED) is pleased to announce a new program aimed at strengthening the Life Sciences industry within the County. Grants of $5,000 to $25,000 will be available to companies to assist in the advancement of business development and product development initiatives. An information session for potential grant applicants will be held on December 12, 2014 at 10:00 am at DED's offices located at 111 Rockville Pike, Suite 800, Rockville, MD 20850.

"The County's new Life Sciences Impact Grant Program is the latest local strategic initiative to support the continued growth and commercial success of our local biosciences sector," said Montgomery County Executive Isiah Leggett. "These grants will aid companies in moving a product under development forward. This new initiative, when combined with existing programs like our local biotech investment tax credit, show that Montgomery County is as committed as ever to supporting our valued life sciences sector."

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