Prince George’s County Executive Angela Alsobrooks took the stage in a ballroom at a College Park, Maryland, hotel on Wednesday, speaking for nearly 30 minutes about how much money had poured into the county over the last year — about what one would expect in the annual speech, dubbed the “State of the Economy.”
It was a chance to brag to the local business community about the “over $1 billion of investments along our Blue Line corridor,” as well as how the “redevelopment at Cheverly unlocks a billion dollars in private investment,” after the old Prince George’s Hospital Center is demolished over the coming months.
The county hopes to see significant amounts of work on that project conducted by small, minority-owned businesses based in the county, which would have the opportunity to buy into the project and share some of the profits in the future.
“Everything we’ve done on economic development also has an eye toward equity,” Alsobrooks said after the speech. With that project, contractors would be able to buy into the redevelopment with their work and claim partial ownership when it’s all done, rather than just get paid for the work and move on.
Click here to read the rest of the article written by John Domen over at WTOP
