Prince George’s County In 2022
PGCEDC employees with Prince George’s County Govt Angela Alsobrooks at 2022 State of the Financial system Deal with and Breakfast in June.
The Prince George’s County Financial Growth Corp. spent 2022 reaching out to firms seeking to develop or relocate to enhance the federal government sector, retail, eating places, healthcare, life sciences improvement, small companies and different key sectors of this rising Maryland space. This progress has allowed the county to not solely develop the native economic system and companies, however have a optimistic affect on underserved communities.
“PGCEDC needs to maintain this momentum going into 2023,” PGCEDC CEO David Iannucci stated. “We’re devoted to bringing extra packages to the county to assist create extra financial alternatives throughout the board.”
These packages are just some examples of PGCEDC’s continued service to the D.C. Metro space and its dedication to serving to native companies thrive, he stated. With 2022 coming to a detailed, listed below are a number of the highlights of PGCEDC’s work in 2022.
Industrial Growth Highlights
PGCEDC labored with Velocity Cos., a native agency that focuses on city improvement and business properties, to redevelop the 11-acre Livingston Procuring Sq. Heart in Fort Washington.
The EDC offered $8M in funding to assist facilitate the mission, stated Larry Hentz, govt director of enterprise improvement for PGCEDC. The purchasing middle will add an extra 35K SF of retail house in 2023 for tenants resembling Taco Bell, KFC, McDonald’s and Pressing Care, bringing greater than 90 new, full-time jobs to the world.
PGCEDC additionally labored with Aldi grocery shops to get permits for 2 new places within the county. The Capitol Heights location opened in early 2022 whereas the Fort Washington retailer has a tentative opening deliberate for Q1 2023.
The capital expenditure was $12M for each tasks, which is able to create 32 full-time jobs for locals, Hentz stated.
Authorities Sector Highlights
In March, Vidoori, a federal authorities contractor within the IT business sector, relocated from Montgomery County to an workplace at a transit-oriented improvement by the New Carrollton Metro Station and the positioning of a future Purple Line gentle rail prepare commuter station. David Okay. Lewis, PGCEDC’s director of enterprise improvement within the authorities sector, stated that the EDC helped draw the consulting agency to the world and assisted it with its transfer.
The EDC additionally labored with Genesis Engineering Options, an aerospace engineering firm headquartered in Lanham, to assist it purchase a second, practically 44K SF facility in Lanham the place it’ll manufacture {hardware} merchandise for house missions at NASA and Blue Origin.
Restaurant And Retail Highlights
Consumers Meals Warehouse expanded in September and October, leasing two grocery retailer areas in Coral Hills and MLK Boulevard in Prince George’s County. It is a transfer that’s not solely helpful for the corporate, but in addition for the group, stated Nicole Corridor, PGCEDC enterprise improvement supervisor of retail and eating places.
“The shops assist fill a void in these communities by permitting entry to high quality, recent meals and providers,” Corridor stated.
The places span 35K SF and can create greater than 60 jobs every to additional bolster the group.
One other new addition to the world is Huncho Home, which opened in November via the imaginative and prescient of former NFL player-turned-chef Tobias Dorzon. The restaurant brings a fusion of West African and Italian delicacies to his hometown of Hyattsville.
“After investing $250K to renovate the earlier 5 Guys location, Dorzon has created a novel vibe in Hyattsville and job alternatives for over 25 folks,” Corridor stated. “He wished to convey his fusion of West African roots and Italian technical culinary coaching to Prince George’s County because the flagship of his budding culinary empire.”
Well being And Life Sciences Highlights
Kaiser Permanente opened a 44K SF facility in August simply 50 yards from the West Hyattsville Metro Station.
“This has helped the West Hyattsville group by providing 75 jobs and 10 new full-time positions,” stated Alexis Allen-Shorter, director of enterprise improvement well being and life sciences for PGCEDC. “The healthcare facility creates extra high quality, inexpensive and accessible care on this underserved group, that includes a brand new maternal and fetal drugs clinic.”
Chesapeake Cardiac Care, an African-American, woman-owned apply in Bowie led by Dr. Barbara Hutchinson, additionally opened within the space in June and created 10 jobs for the county.
“We’ve got a spot for each women and men to get higher cardiac and sleep care,” Allen-Shorter stated.
IT And Cybersecurity Highlights
The Prince George’s County Tech Council, a chapter of Maryland Tech Council, is a collaborative effort between leaders of the county’s know-how group and MTC, which launched in March.
“PGCEDC participated within the first-ever Quantum World Congress in Washington, D.C., on the finish of November and joined a consortium of financial improvement places of work from the area,” stated Mayank Kapur, PGCEDC director of enterprise improvement IT and cybersecurity.
MTC services embrace Relative Dynamics, a 15K SF aerospace engineering agency in Greenbelt, and Cloudforce, a 15K SF cloud consulting firm in Oxon Hill.
Small Enterprise Providers and Innovation Station Enterprise Incubator Highlights
Ion Storage Programs, a facility in Beltsville that produces solid-state lithium batteries, was acknowledged as an RMI Champion of Manufacturing in November.
“In June, the corporate created job alternatives for locals and closed a $30M-plus increase from buyers to scale their enterprise,” PGCEDC Small Enterprise Providers Supervisor Alicia Moran stated. “They’ve expanded right into a second facility within the county this 12 months and are planning for a pilot manufacturing facility sooner or later.”
This firm has acquired each website choice help and different small-business help during the last three years. PGCEDC nominated ION Storage Programs for Maryland Future 20, a part of the Innovation Uncovered initiative by the Maryland Division of Commerce showcasing the state’s innovators and small companies. The Innovation Station Enterprise Incubator, or ISBI, obtained a pilot accelerator program known as Founder Trac, which supplies entry to a web based studying portal with analysts and digital coaching classes, Moran stated. The primary group kicked off in Could and led to August. The second cohort began this system in November.
Moran stated the software helps entrepreneurs, startups and innovators. MTech, MIEA, InnoHub and ISBI-based CEOs are concerned on this pilot program to assist entice buyers in 2023.
“These are simply a number of the new firms and packages that PGCEDC was proud to convey to the county in 2022,” Iannucci stated. “We look ahead to extra innovation in 2023.”
This text was produced in collaboration between Studio B and Prince George’s County Financial Growth Corp. Bisnow information employees was not concerned within the manufacturing of this content material.
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