Prince George’s County’s recent economic growth has an appropriate tagline: Expansion Starts Here. Led by the Prince George’s County Economic Development Corp., the motif lays the groundwork to help support Prince George’s County’s continued rise within Maryland’s economy. Its mission is to cultivate and promote a prosperous local economy to support entrepreneurial growth and prosperity while strengthening communities through business development and job creation.
Back in 2020, Prince George’s County suffered along with the rest of the nation as Covid-19 cases surged and communities locked down. Today, it has re-emerged as an economic powerhouse. One of the catalysts for this recovery has been the PGCEDC. To help aid the county in its pandemic recovery, PGCEDC expanded its resources to become a grant-writing organization to support businesses and business owners who were at risk of closing down. Since spring 2020, PGCEDC and its sister agencies have given out over $44M in grants to more than 2,500 local businesses and helped preserve close to 7,000 jobs.
Prince George’s County Executive Angela Alsobrooks said the county is beginning to see economic growth even in the areas that were hardest hit by the pandemic, including retail space. The county’s first Trader Joe’s is coming soon to College Park as part of a Bozzuto Management-led mixed-use multifamily and retail project that is near completion on the west side of Baltimore Avenue, just south of the University of Maryland.
