Economic Development
Why Takoma Park
Are you a business located in Takoma Park or a business owner looking to move to a thriving, diverse community? Are you a property owner or investor looking to explore your options in Takoma Park? Our Economic Development Team is here to help navigate the business and real estate development processes in the City. Our staff can provide various kinds of support, including:
- Technical Assistance
- Site Selection
- Access to Capital
If you have any questions, please email the Economic Development Team directly at or call 301-891-7119.
Doing Business in Takoma Park
As a local jurisdiction within Montgomery County, the City of Takoma Park retains control over several economic development policies and works closely with County and State partners. Please follow the links below to learn more about local policies that impact doing business within the City.
City Partners & External Resources
The City of Takoma Park works with several partner organizations to ensure the best services for our local businesses. Follow the links below for more information on some of our partners:
Old Takoma Business Association/Main Street Takoma – a business association for businesses and organizations located in the Takoma Main Street and Takoma Junction commercial corridor.
Takoma-Langley Crossroads Development Authority – a commercial business district responsible for marketing, maintenance, and security in the Takoma-Langley Crossroads.
Long Branch Business League – a business association for businesses and organizations located in the Long Branch commercial corridor.
Takoma Park Silver Spring Community Kitchen – a local, shared-use commercial kitchen for small-scale food business entrepreneurs.
Crossroads Community Farmers Market – a farmers market operating every Wednesday from November through April in the Takoma-Langley Crossroads.
Takoma Park Farmers Market – a farmers market operating every Sunday in the Takoma Main Street corridor.
Montgomery County Economic Development Corporation (MCEDC) – a resource for business attraction and expansion efforts in Montgomery County.
Latino Economic Development Corporation (LEDC) – a non-profit organization providing technical assistance, resources, and loans to small businesses in the Washington DC region.
Questions? Need Assistance?
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Business Resources
The City of Takoma Park is excited to offer several funding opportunities to local businesses and property owners. See the table below for current funding opportunities.
| Program | Funder | Program Type | Timeline |
|---|---|---|---|
| Small Business Support Grant | City of Takoma Park | Direct grant assistance for business impacted by the COVID-19 pandemic | The Small Business Support Grant closed in April 2022 |
| TKPK Business Investment Grant (TKPK BIG) | City of Takoma Park | Matching funds to support capital expenditures for businesses looking to grow or locate in Takoma Park | Rolling application period until funds run out |
| Commercial Façade Grants | City of Takoma Park | Matching funds to support large-scale façade projects on commercial properties | Rolling application period until funds run out, contact Economic Development staff for more information |
In addition to these funding opportunities, several active local, State, and federal opportunities are listed below. These programs are not operated by the City of Takoma Park:
- Project Restore (Maryland DHCD) – grants for businesses expanding, moving to or opening in a property that was previously vacant for at least six months.
- Neighborhood Business Works (Maryland DHCD) – loan program for new or expanding small businesses in Sustainable Communities or Priority Funding Areas.
- Montgomery County Small Business Rental Assistance Program (LEDC) – grants to small businesses in qualifying industries to support rental costs, both current and arrears rent payments.
