Tag: economic development

New and ongoing development projects - Riverdale Park Station

State of the Economy Previews New and Ongoing Development Projects in Prince George’s County

Market Insight

There are a number of new and ongoing development projects that are contributing to economic development in Prince George’s County, according to the 2016 Prince George’s County State of the Economy Address that NAI Michael had the pleasure of attending on April 13, 2016.

Many new and ongoing development projects were highlighted during the State of the Economy for Prince George’s County. County Executive Rushern L. Baker III, Jim Coleman of the Prince George’s County EDC, Derrick L. Davis of the County Council, and Jim Estepp of the Prince George’s Business Roundtable all spoke about the transformation and re-envisioning of the County. In fact, Baker said that there are more than $7 billion worth of projects in the pipeline, including:

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Prince George’s State of the County Breakfast

Company News

Last Thursday, the Prince George’s County Economic Development Corporation hosted a breakfast event at Colony South Hotel & Convention Center in Clinton, MD. It was a fantastic event with speeches from Prince George’s County elected officials about what’s been happening in the county and where it’s going from here. EDC President & CEO Gwen McCall talked about bringing in international business and announced that the entire county is now a Foreign Trade Zone. She also discussed Youth@Work, a summer employment program, and encouraged area businesses to use it to hire youth for the summer. We were also treated to an overview of the new EDC branding campaign, Experience, Expand, and Explore Prince George’s County.

There is a lot of activity going on in the county, from the potential FBI headquarters to MGM’s $925 million casino and resort at National Harbor. In fact, the county has $6 billion worth of development projects in the pipeline!

County Executive Rushern Baker focused on how education impacts economic development, “schools are paramount to our economic success. We can’t afford to lose sight… We need strong school systems to attract new residents and businesses.”

His entire speech can be watched here.

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2nd Annual Creating Kingdom Buildings Conference @ First Baptist Church of Glenarden | Maryland | United States
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