The Rockville Small Business Impact Fund (“Impact Fund”) is designed to promote economic development in the metro-area performance districts of the City of Rockville. The fund is targeted toward existing and new businesses in these districts, which will continue to boost economic impact and strengthen business development in the downtown area. The fund aligns with REDI’s strategy to foster economic vitality through projects that support the Mayor and Council’s vision for economic development and offer substantial public benefits, including: - Retaining and creating new jobs, with an emphasis on traditionally under-employed populations.
- Retaining and expanding key business uses and services.
- Encouraging positive social impact.
- Supporting business-to-community engagement.
There are two application deadlines each year–September 30 and April 30. Applications received after each deadline will be considered in the next review cycle. Applications will be reviewed/approved until all available funds are awarded.