A new program to help support small businesses in Montgomery County is being rolled out at a regional services center and could be expanded throughout the county within a year.
The Business Connect program — which will offer free training, workshops and individual counseling sessions — was announced by County Executive Marc Elrich as part of his efforts to diversify economic development.
“We really want to change the atmosphere and environment in Montgomery County,” Elrich said at a news conference. “Montgomery County thrives on the little stuff, most jobs come out of the smaller entrepreneurs.”
About half of all startups fail within the first five years, according to the U.S. Small Business Administration Office of Advocacy. Roughly one-third of new businesses survive 10 years or longer. The SBA defines small businesses as independent companies with fewer than 500 employees.
Click here to read the rest of the article written by Charlie Wright over at Bethesda Magazine