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This Rockville biotech is getting some help from Maryland, MoCo for its new HQ

Sara Gilgore
This Rockville biotech is getting some help from Maryland, MoCo for its new HQ

Rockville-based RegenxBio Inc. (NASDAQ: RGNX) locked in a new headquarters site about a month ago. Now more details have emerged about financial incentives it is receiving from Maryland and Montgomery County. The Maryland Department of Commerce approved a $700,000 conditional loan through Advantage Maryland, formerly the Maryland Economic Development Assistance Authority and Fund, and Montgomery County approved a $100,000 conditional grant, and will help expedite the permitting process for the new location, according to a release.