Now more than ever, Montgomery College’s Pinkney Innovation Complex for Science and Technology (PIC MC) is positioned to attract innovative companies and jobs to the Germantown Campus. In October, MC becomes the first community college in Maryland and first location in Montgomery County to be a designated Regional Institution Strategic Enterprise (RISE) Zone.
This designation would increase economic development and allow job creation by incentivizing commercial and industrial businesses to move or expand into the RISE Zone through real property and tax credits. The end goal is to attract more companies on campus, which in turn, will allow for more opportunities for students to get internships or scholarships, and potentially jobs after graduation.
“The RISE Zone will encourage interaction between industry and their future workforce, Montgomery College students will benefit immensely from having access to real-time exposure to the workplace as will the companies that will hire highly skilled and talented employees,” said Martha Schoonmaker, PIC MC executive director.
Having a RISE Zone designation around its integrated academic, business, and research campus (PIC MC) in Germantown will accelerate the College partnership with the county and has the potential to attract businesses and jobs where they are most needed in the community.
“These important designations will help our outstanding higher education institutions unlock more of their economic development potential,” said Governor Larry Hogan in an announcement. “Strengthening Maryland’s economy is one of our administration’s top priorities, and this program plays a vital role in attracting new companies, encouraging businesses to expand, and creating jobs.”
The RISE Zone will encourage interaction between industry and their future workforce
To qualify for the tax credits available in the RISE Zone, business partners must have connections to MC, and that connection can be through internships or scholarships, or through a company having staff work as adjunct faculty at MC. The College will provide a location on campus and a connection to students for businesses looking to move or expand into the RISE Zone.
Businesses that locate in the RISE Zone will have access to the campus’s cyber lab, Bioscience Education Center, the Montgomery County-owned Germantown Innovation Center, and Holy Cross Germantown Hospital, which has been PIC MC’s anchor tenant since it opened in 2014. PIC MC is a hub where industry partners co-locate and actively interact with faculty and students to achieve both educational and economic success. The College’s partnership already includes the location of the County owned incubator, the Germantown Innovation Center (GIC) and its 24 start-ups.
The PIC MC Foundation Board of Directors will celebrate this milestone with a RISE Zone celebration and ribbon cutting Monday, November 26, from 2 to 3:30 p.m. on the Germantown Campus in the High Technology and Science Center (HT), Globe Hall. Industry leaders in the areas of cybersecurity, health sciences and biotech will be attending.
For more information on this event or to RSVP, contact Melanie Kandel, 240-567-8062.