County Council OKs Plan to Designate Montgomery County Germantown Campus as RISE Zone
At the request of County Executive Ike Leggett, the Montgomery County Council has unanimously approved a resolution in support of a Regional Institution Strategic Enterprise, or RISE Zone designation for Montgomery College’s Germantown campus. RISE Zones are a State of Maryland economic development program that spurs business development near qualified higher education institution or nonprofits through tax credits aimed at key industries.
“I appreciate the Council’s strong support of this designation, which will be a win for the County, the College and the State of Maryland,” said County Executive Ike Leggett. “RISE Zone will help us better realize our vision for UpCounty and Montgomery College as an economic engine.”
The Council approved the plan to designate the Germantown Campus of Montgomery College as a RISE zone at a meeting held earlier this month.
With the support of the County Council, the College’s application now moves forward to the State for approval. Once the State approves the application, MC’s Germantown campus would become the first designated RISE Zone in Montgomery County and the fourth RISE Zone in the State of Maryland.
The RISE Zone builds on the long-standing partnership between Montgomery College and Montgomery County Government to develop the Pinkney Innovation Complex for Science and Technology on the College’s Germantown campus with the goal of stimulating economic development in targeted industries and facilitating the integration of job growth and workforce development.