Montgomery County Executive Ike Leggett wants to provide some high-tech companies with capital in exchange for ownership stakes in the businesses, a first for a local jurisdiction. Leggett’s economic development team hopes to have such a bill before the County Council in two weeks. The proposal would be similar to Maryland’s State Challenge Investment Program, said Peter Bang, chief operating officer for the county’s Department of Economic Development.
To read the full, original article click on this link: Montgomery County to businesses: Take cash, give stake - Washington Business Journal
