Economic Development

Economic Development  | Header Image

The City of Takoma Park assists new and expanding businesses by providing access to a variety of financial and technical resources, support of corridor and neighborhood revitalization initiatives, and asset building.

Current Economic Development Initiatives

Redevelopment of Takoma Junction Lot external link icon - The City has solicited proposals from experienced developers for the redevelopment of the 1.4-acre property in the Takoma Junction, presently serving as a public parking lot.

The PDF icon6530 New Hampshire Avenue Feasibility Report (PDF) was jointly commissioned by the property owner and the City of Takoma Park in 2013, as a first-phase analysis of renovating the existing buidling for the purpose of a business incubator.

The New Ave external link icon - a comprehensive effort to promote and coordinate public and private investment along the New Hampshire Avenue corridor.

Main Street Takoma external link icon - a community-based effort aimed at keeping and increasing the vitality of the Old Takoma commercial district from the Takoma Junction in Maryland to the Takoma Theatre in Takoma, DC.

Business Associations

Business Directories

Information on local restaurant, shops, personal and professional services and other businesses can be accessed from the following online directories.


Many resources are available to new and expanding business in Takoma Park.

Technical Assistance

Financial Assistance

Business Data and Planning Resources

Permits and Business Licenses

external link icon External Links. The City of Takoma Park does not endorse, review, control, or recommend viewpoints, materials, or products contained in third party websites, unless noted.