Green Investor Incentive Program

Our Department of Economic Development has released the application and qualification criteria for an incentive program designed to drive green innovation locally by supporting early-stage investors. The Green Investor Incentive Program is a unique approach to encourage investments in green companies by reimbursing qualified investors with payments of up to $25,000.  Investors and green companies will be qualified through an application process that officially opened July 24.

To qualify as a green business, a company must provide a green product or technology, be headquartered in the County, have been in business for less than ten years and employ fewer than 50 people. The company must also practice green business operations and be a certified B-Corporation, Montgomery County Certified Green Business, or have earned a similar designation.

Individuals and investment firms that have invested in qualified green companies from July 24, 2013 until December 31, 2013 are potentially eligible to access this year’s $500,000 appropriation, which will be allocated by a pre-set formula. The program will be first come first served, and investors will have until January 15, 2014 to submit their applications. Qualified investors cannot be pension or retirement funds, and cannot have an ownership stake in the company prior to investing.

Learn more or download an application.