Takoma Park Direct Cash Assistance

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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?

Sign up for our Business E-Blasts for the most up-to-date information.

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.

ProgramFunderProgram TypeTimeline
Small Business Support GrantCity of Takoma ParkDirect grant assistance for business impacted by the COVID-19 pandemicThe Small Business Support Grant closed in April 2022
TKPK Business Investment Grant (TKPK BIG)City of Takoma ParkMatching funds to support capital expenditures for businesses looking to grow or locate in Takoma ParkRolling application period until funds run out
Commercial Façade GrantsCity of Takoma ParkMatching funds to support large-scale façade projects on commercial propertiesRolling 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:

Economic Development Sections