RainKing Software, Inc. Expands Operations In Bethesda, Maryland
06/20/2016
“Since RainKing’s inception, Maryland has been our home, and we are excited at the prospect of continuing the growth and success of the company in downtown Bethesda,” said CEO John Stanfill. “Bethesda is the perfect place for us to launch the next era of RainKing. The lively urban setting, complete with direct access to the metro and ?hundreds of eateries, will allow us to attract and retain the region’s best and brightest sales professionals."
As an incentive to assist with the expansion, the Maryland Department of Commerce has approved a $200,000 conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). The company is also eligible for a number of state and local tax credits. Additionally, Montgomery County has approved a $100,000 grant convertible to a loan from the county’s Economic Development Fund.
“Creating jobs and helping companies reach the next level of growth is a key goal of our administration,” said Governor Larry Hogan. “RainKing is one of a number of high-tech companies that have chosen to grow and expand in Maryland this year – a testament to our well-qualified workforce and growing business environment. We wish them even more success in the years to come.”
“We are proud to support RainKing’s expansion in Maryland,” said Maryland Department of Commerce Secretary Mike Gill. “Maryland Commerce, working in lock step with our local partners in Montgomery County, is committed to help growing companies like RainKing and ensuring they continue to call Maryland home.”
“Montgomery County is pleased to support the relocation and expansion of RainKing’s cutting-edge information and software work,” said Montgomery County Executive Ike Leggett. “The future is here and companies such as RainKing are an important part of that future.”
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024