DED awarded a Montgomery County Economic Development Fund grant providing up to $12 million in property tax incentives for customers of BYTEGRID®, a leading data center company located in Silver Spring that is focused on the nationwide acquisition, development and operation of premier multi-tenant data center facilities.
“Montgomery County is focused on increasing our attractiveness to large private and public enterprise organizations seeking to optimize costs by outsourcing IT infrastructure,” said Steve Silverman, Director of Economic Development for Montgomery County. “This strategic grant for BYTEGRID’s data center customers shows our commitment to fostering a pro-business climate that already includes leading digital age businesses in healthcare, financial services, IT services and cyber security. The key takeaway here is that Montgomery County, Maryland is in the regional and national big data game to win.”