Economic Development Incentive Fund Success Story

FlexEl, LLC

FlexEl, LLC is an expert developer and producer of high tech custom battery solutions for Fortune 500 companies and government agencies. FlexEl was founded in late 2008 to commercialize technology secured from the University of Maryland. In partnership with the Maryland Department of Commerce, the EDI Fund, administered by FSC First, has matched the State’s assistance each providing $250,000 in funding to leverage $9.4M in public/private investment. This collaborative investment is for the relocation and build out of a research, development & manufacturing facility at 4505 Paint Branch Parkway, College Park, MD. The company will retain its current staff of 9 and grow by an additional 38 tech jobs over the next 3 years.

View Success Story

  • Old Town Bowie Grille
    Old Town Bowie Grille

    The Old Town Bowie Grille restaurant is an establishment that began as a vision of Robert Thompson.

    Read More →

  • Kogok Corporation
    Kogok Corporation

    A Prince George’s County business since 1995 in Forestville, Kogok Corporation provides sheet metal fabrication and installation…

    Read More →

  • The Women’s Wellness Center
    The Women’s Wellness Center

    FSC First provided the financial assistance for the purchase, renovation, equipment and working capital for this project through our…

    Read More →

  • Kid Biz dba Apple Early Learning Center
    Kid Biz dba Apple Early Learning Center

      Kid Biz, LLC dba Apple Early Learning Center is a licensed childcare facility located in Prince George’s County that began…

    Read More →