The Montgomery County Business Development Center (MCBDC) links relocating and existing businesses with the resources they need for successful economic development projects.
Let us assist with financial incentives, land acquisition and recruitment as well as permits and other paperwork.
With an extensive résumé of successes and experienced staff of experts, the MCBDC strives to be your one-stop shop and continuously delivers on that promise.
Tax Incentives
Watch your revenue and business grow when you take advantage of Montgomery County’s generous incentives including low-interest bonds, exemptions and abatement programs offered by the county Industrial Development Agency (MCIDA) and Capital Resources Corp.
- Tax-Exempt and Taxable Bonds
Fund most or all project costs with this incentive. The MCIDA makes low-interest industrial revenue bonds (IRBs) available to qualifying manufacturers. These bonds encourage lenders to provide project financing at interest rates below market and apply to the cost of land, buildings and equipment. - Real Property Tax Abatement
Collaborate with the MCIDA to negotiate payments in lieu of taxes (PILOTs) on real property. - Sales and Use Tax Exemption
Benefit from tax exemptions of up to 8 percent on non-production equipment and construction materials. - Mortgage Recording Exemption
Finance a mortgage with a tax exemption of 3 to 4 percent on the amount financed.
Learn more about tax incentives
Montgomery County Community Development Fund
Relocate or expand your business with a commitment to adding or retaining jobs. The county Community Development Fund offers low-interest loans for real estate acquisition, working capital and construction as well as machinery and equipment purchases.
Learn more about the fund
Rural Business Enterprise Revolving Loan Fund
Take advantage of low-interest federal loans from the U.S. Department of Agriculture. The Rural Business Enterprise Revolving Loan fund assists with real estate acquisition, working capital, construction as well as machinery and equipment purchase.
Learn more about the fund
County Microenterprise Grant Application 2023
The Montgomery County Microenterprise Grant Program (MCMGP) is now pre-applications. See information below. The application is due to the Montgomery County Business Development Center office, in Fonda, by May 19, 2023.
