County Executive Kathy Klausmeier announced the launch of a Department of Economic and Workforce Development grant program designed to reduce
the number of office vacancies in Baltimore County.
The new Grant for Revitalizing Office Workspaces – or GROW – incentive program will provide funding for businesses signing their first commercial lease in Baltimore County to offset expenses that coincide with initial commercial lease activity.
“Baltimore County’s strong economic climate makes it a great place to operate and grow a business, and providing support to companies new to the county is an investment in our commercial vitality and economic future,” said Baltimore County Executive Kathy Klausmeier. “We’re proud to offer innovative programs that ease financial obstacles so companies can establish a presence in the area and be successful for years to come.”
Through the program, the County will offer funds up to $80,000 to eligible businesses signing their first commercial lease in Baltimore County. Qualified businesses may receive an award of $8 per square foot when executing a 36-month lease for Class A or B office space. Funds will be available on a first-come, first-served basis.
“The GROW program is designed to attract new employers into Baltimore County, while also offering opportunities for business who started in Baltimore County to expand in Baltimore County,” said Jonathan Sachs, director of Baltimore County’s Department of Economic and Workforce Development. “The goal of the program is to continue to create an environment that supports businesses in achieving their goals.”
County-led economic development programs like GROW help attract new businesses, reduce office vacancies, and strengthen local economies. By easing financial barriers, these initiatives create jobs, boost commercial activity, and ensure long-term economic vitality in the community.
Visit the county website for more information on the GROW program