PGCEDC is hosting a Mexico Trade Mission Informational Session on Thursday, December 5th, 2024 at 10:00 am at the offices of PGCEDC (1801 McCormick Drive, Suite 350, Largo, MD 20774).
The trade mission to Mexico will take place from Wednesday, February 26th, 2025, to Sunday, March 2nd, 2025. The cost to join PGCEDC on the trade mission is $1550 USD without hotel and airfare, but it includes meals, transportation, and access to B2B meetings and an agenda.
Celebrating Excellence and Innovation!
On a memorable evening at Martin's West in Baltimore County, the 2024 Maryland Manufacturing Celebration of Stars brought together leaders and innovators to honor the driving forces behind Maryland's thriving manufacturing industry. Hosted by the Regional Manufacturing Institute of Maryland in collaboration with the Maryland Manufacturing Extension Partnership program, the event highlighted the extraordinary contributions of individuals and organizations shaping the future of manufacturing in the state.
The celebration spotlighted the “Maryland Manufacturing Stars,” recognizing outstanding achievements across business, education, government, and nonprofits. These honorees represent the backbone of Maryland's manufacturing ecosystem, fostering innovation, economic growth, and community impact.
Check the photos HERE
Expansion Starts Here!
For seven years, the innovation ecosystem of Prince George’s County has collectively celebrated Global Entrepreneurship Week (Nov 18-24), hosting various events from Largo to Bowie and College Park to shine a light on resources and dynamic entrepreneurs in our midst. The week started with a vibrant international marketplace and pop-up shop at Bowie State University in celebration of Global Entrepreneurship Week (GEW). The Bowie State University Entrepreneurship Innovation Center, International Office, and International Student Association also coordinated International Education Week.
Mid-week, the University of Maryland hosted a Terp Marketplace to highlight innovations by undergraduate and graduate student entrepreneurs, including physical and digital products and everything in between. Students could also pitch an idea, validate their market, earn some revenue, and network with experts and innovators. The University of Maryland is ranked one of the top five schools for entrepreneurship in the U.S.
PGCEDC’s Innovation Station Business Incubator hosted a resource fair, tech expo, and open house with presentations by the Maryland Industrial Partnership Program, the Maryland Momentum Fund, and an IP expert discussing ways to create valuable business assets. FSC First announced the launch of a new tech company grant opportunity. The Maryland Business Opportunity Center, Goldman Sachs 10,000 Small Businesses, Prince George’s Federal Credit Union and UMD Center for Global Business, MidAtlantic I-CORP, and Maryland Energy Innovation Accelerator shared resources with local business owners. PerVista, Argotec, Waya, Djelfa Solutions, Ayers Naturals, TransGlobal Business Systems, HighT-Tech, Terra Fusion, OmniSpeech, Wearable Dose, and others displayed their technology and product innovations. At the same time, investors and community members learned more.
Closing the week out, Innovate Bowie, the Bowie Business Innovation Center, the City of Bowie, and Inccuvate will host an AI-focused program aimed at helping companies scale. Local culinary entrepreneurs will provide samples of delicious treats.
Innovation and Entrepreneurship are alive and well in Prince George’s County, not just this week but all year.
Check the photos HERE
Expansion Starts Here!
By Briana Milbourne
From November 18th to 24th, we’re thrilled to celebrate Global Entrepreneurship Week—a time to honor the bold entrepreneurs, innovative minds, and dedicated small business champions driving growth and creating opportunities in Prince George’s County.
Whether launching a new venture, scaling your business, or supporting local entrepreneurs, this week is all about coming together to inspire, empower, and elevate each other. Entrepreneurs are the heart of our community, fueling our economy and shaping a brighter future.
At PGCEDC, we’re proud to support the entrepreneurial spirit with resources, guidance, and programs that help turn ideas into thriving businesses.
Together, we’re shaping the future of Prince George’s County—one bold idea at a time.
Expansion Starts Here!
Recognized as an Outstanding Partner at the MBCC Annual Meeting & Awards Banquet
We are thrilled to share that last night, the Maryland Black Chamber of Commerce awarded the Prince George’s County Economic Development Corporation (PGCEDC) the Outstanding Partner Award. This prestigious honor recognizes our unwavering commitment to fostering economic growth, collaboration, and opportunities for Black-owned businesses across Maryland.
Our Executive Vice President, Ebony Stocks, proudly accepted the award on behalf of the organization, joined by Marva Jo Camp, Esq., Secretary MBCC and Vice Chair of EDC Board of Directors and PGCEDC team members Lori Valentine, Mayank Kapur, and Cesar Cucufate. The evening indeed celebrated partnership, progress, and shared success.
We remain dedicated to ensuring that "Expansion Starts Here!" and are excited to continue building stronger relationships with partners like the Maryland Black Chamber of Commerce to drive economic empowerment for our community.
Expansion Starts Here!
As David Iannucci embarks on this new chapter, those who have worked with him are united in their appreciation for his leadership and friendship. They celebrate the milestones achieved under his guidance and the relationships and values that defined his career.
While his retirement marks the end of an era, David’s influence will continue to resonate in Prince George’s County and beyond.
Check out some recent reactions below!
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The 48th Annual Greater Washington Hispanic Chamber of Commerce Gala was an unforgettable evening filled with admiration for the remarkable leaders and businesses that continue to shape our community.
One of the evening’s highlights was recognizing our PGCEDC's Latino Business Development Manager, Rocio Treminio-Lopez. Her dedication to supporting and empowering Latino-owned businesses has made a meaningful impact on the local economy.
Since 2019, the Chamber has celebrated outstanding individuals in the GWHCC Hispanic Business Hall of Fame, honoring their significant contributions and lasting influence on the region’s economic landscape.
It was indeed a night to remember, commemorating the innovation and resilience of our vibrant business community.
See more images HERE
By Briana Milbourne
On November 13, 2024, the NASA Goddard Space Flight Center in Greenbelt, MD, hosted the Innovation, Dedication, Excellence, and Achievement (I.D.E.A) Awards which honors the extraordinary contributions of creative minds whose work continues to redefine the boundaries of what’s possible. Among the honored were the innovators from Goddard, whose groundbreaking projects and technological advancements have significantly impacted economic mobility and fostered growth in Prince George's County.
President and CEO here at EDC David Iannucci delivered a powerful address as the Keynote speaker, highlighting the critical role of innovation that drives economic prosperity. His remarks underscored the impact of Goddard’s achievements and the importance of nurturing a culture of excellence and forward-thinking solutions!
We thank the Goddard innovators for their dedication to economic progress. Their work exemplifies the spirit of advancement that continues to shape our future in Prince George’s County and congratulations to the I.D.E.A winners.
TEDCO Provides Funding, Resources, and Connections!
By Briana Milbourne
Looking to take your startup to the next level? Don’t miss the chance to get expert advice during TEDCO Office Hours on November 13th, 2024, hosted by PGCEDC in the Innovation Station Business Incubator.
Whether you're in the early stages of building your business or scaling up, TEDCO will be available for one-on-one sessions to guide funding opportunities, business development strategies, and how to access resources to accelerate your growth.
TEDCO is designed to help local entrepreneurs navigate the complexities of the innovation ecosystem. If you're looking for insight on securing funding, improving your business operations, or expanding your network, TEDCO's Office Hours are a must-attend.
Don't miss this unique opportunity to connect with industry leaders and take your startup to the next level.
Check back for the next TEDCO Office Hours date at Innovation Station Business Incubator!
At this year’s MEDA Fall conference at the Baltimore Museum of Industry, PGCEDC’s Lori Valentine, Vice President of Policy and Public Relations, moderated an insightful panel on the influential role of foreign investment in Maryland’s economic landscape. The event explored how attracting global businesses can boost local growth, create jobs, and drive innovation across the state and came on the heels of Maryland Economic Development Week.
Attendees gained valuable strategies for navigating new markets, recruiting international companies, and leveraging Maryland’s unique assets to enhance global competitiveness. It was an incredible opportunity to see how economic development strengthens our state’s place on the world stage!
Expansion Starts Here!
PGCEDC welcomes the latest season of Creando Exitos or "Creating Success." Now entering its sixth season of production, the Spanish language Creando Exitos is an informational program for the Latino Business Community designed to promote the services offered by PGCEDC and highlight other business resources available in Prince George's County to support and grow their companies.
This episode features Cesar Cucufate, PGCEDC Small Business Development Manager. This season will highlight the multiple resources in the County and this upcoming episode is a testament to that.
The program provides a platform for Latino businesses to learn more about the County's Economic Development Incentive Fund, FSC First, Department of Permitting, Inspection and Enforcement (DPIE), banking services, and other programs to help them create success and showcase why Expansion Starts Here.
Creando Exitos is the winner of the 2024 Economic Development Marketing Award at the 2024 Maryland Economic Development Association Annual Conference.
Watch past episodes HERE
Expansion Starts Here!
PGCEDC congratulates Floyd "Beau" Wheeler on the grand opening of Free State Distillery in Upper Marlboro. Wheeler, a County resident and alumnus of Bowie State University stated to PGCEDC Business Development Manager, Restaurant/Retail Nicole Hall, "Prince George's County was the only option to locate his business.
Free State Distillery will feature Arthur Wheeler Sprits, named after Beau's grandfather. As the first black-owned distillery brand located in the County, Free State Distillery is committed to serving premium spirits while creating a destination amenity for the Greater Prince George's Community. Beau also partners with local farmers by using Prince George's County-grown corn and wheat for his spirits.
Expansion Starts Here!
By Briana Milbourne
In celebration of National Women’s Small Business Month, PGCEDC hosted the She Means Business 2024 Breakfast Summit at The Hotel at UMD, bringing together an inspiring and diverse group of women business owners from Prince George’s County. This annual event is more than just a gathering—it’s a space where women from different backgrounds, industries, and cultures come together to celebrate their successes, share real experiences, and support each other’s professional growth.
Thanks to the honest advice and encouragement of our carefully selected panel and speakers, attendees left with fresh insights and practical resources to thrive in areas like government contracting, entrepreneurship, and more. It was a powerful morning filled with genuine connections, empowering conversations, and the collective spirit of women supporting women in business.
See #SheMeansBusiness images HERE
Expansion Starts Here!
By Rhett Butler
Last week, PGCEDC celebrated Maryland Economic Development Week 2024! #EconDevWeek presented by Maryland Economic Development Association (MEDA) was held from October 21st -25th was conjoined with Prince George's County Economic Development Week via a Proclamation from County Executive Angela Alsobrooks. PGCEDC's Business Development team visited over 100 businesses joining the efforts of other counties to celebrate #EconDevWeek statewide! PGCEDC takes great pride in representing our vibrant business community.
Read the Press Release HERE
See #EconDevWeek images HERE
Expansion Starts Here!
Prince George's County Economic Development Corporation (PGCEDC) proudly congratulates five Prince George's County-based development projects recently spotlighted in a report by the Washington Business Journal for leading transformative real estate projects across suburban Maryland. Prince George's County represented half of the major development projects in the Washington Metropolitan region.
Prince County-Based Development Projects in Order:
Northwest Stadium
Developer: TBD
Location: 1600 Ring Road, Landover
Carillon
Developer: Kite Realty Group Trust
Location: 900 Capital Centre Blvd., Largo
Cost: Nearly $1 billion
New Carrollton
Developer: Urban Atlantic and joint venture partner Brookfield Properties
Location: Straddling the New Carrollton Metro station, between the tracks and Ellin Road on the north side and bounded by Route 50 on the south side.
Brightseat Tech Park (former Landover Mall)
Developer: An affiliate of Lerner Enterprises and The Tower Cos.
Location: 2101 Brightseat Road, Landover
Cost: $5 billion in total investment, according to Lerner
Cheverly Hill (former Cheverly Hospital site)
Developer: Urban Atlantic and Hometeam5 (a private group of equity investors)
Location: 3001 Hospital Drive, Cheverly
Cost: $550 million
This recognition underscores Prince George's commitment to fostering community-driven, innovative developments while establishing itself as a regional growth and investment hub.
By Rhett Butler
During Maryland Economic Development Week, PGCEDC President & CEO David Iannucci presented certificates to Bureau of Economic Analysis (BEA) representatives. Accompanied by PGCEDC Executive Director of Business Development Larry Hentz, certificates were presented to the Deputy Director & Chief Operating Officer of the U.S. Census Bureau Ron S. Jarmin, Patricia Abaroa, the Deputy Director of the Bureau of Economic Analysis and William J. Wiatrowski, Deputy U.S. Labor Statistics Bureau Commissioner.
While Census, BEA, and BLS are federal agencies in the State of Maryland, we in Prince George's County regard them as a local employer. EDC expresses its gratitude to them for their contribution to the local workforce and recognizes all three together as the "data collection and data analysis capital of the United States."
The total employment at the Suitland Federal Center is just under 6,000. They are completing a massive renovation and modernization of the facilities there, in excess of at least $150 million, to make way for BLS's official move there in the spring. Across from the federal center is Prince George's County's P3 project, which involves new housing, eventually new retail, and a hotel.
Expansion Starts Here!
UMd., developer propose new R&D space in College Park's Discovery District
St. John Properties Inc. and the University of Maryland are in the early stages of a proposal to develop new research and development space on the Purple Line in College Park, boosting the area's light manufacturing capacity.
The State of Maryland owns a 6.4-acre vacant assemblage along River Road, adjacent to where the Riverdale Park North (alternatively, M Square) light rail station will go, and in what’s known as the Discovery District, a research park on the eastern edge of the university's campus. A UMd. Board of Regents committee, at its meeting Oct. 30, formally recommended the university and Baltimore's St. John Properties establish a joint venture to develop the site with 58,000 square feet of R&D space across two buildings.
It's a "key component of the University’s broader effort to attract and retain high-tech companies as part of its ongoing economic development strategy in the Discovery District," per the committee meeting agenda.
The new buildings would comprise the second phase of a project negotiated between the same parties in 2016. Just to the west, the first phase resulted in about 111,000 square feet of flex R&D space, now 100% occupied, and a 50,000-square-foot building that houses the College Park Academy public charter school.
The first-phase R&D space houses a variety of tenants, including, Aerothreads Inc., a company that makes insulating material for satellites and other aerospace applications; and Medcura Inc., a firm that develops “hemostasis technology,” or ways of controlling bleeding in surgeries and military and trauma settings.
Read more of the article by Dan Brendel of the Washington Business Journal
Image Credit: Lerner Enterprises
$5B Data Center Campus on Former Landover Mall Footprint Could Break Ground by 2026
A major new data center campus on the vacant former Landover Mall site, Prince George’s County’s largest such project to date, could break ground as soon as 2026.
The campus could accommodate up to 820 megawatts of power consumption, Jaclyn Cohen of Lerner Enterprises told me in an email, putting it well within “hyperscale” territory. It is anticipated to represent some $5 billion in capital investment and break ground in 2026 or 2027, Cohen said. A rendering furnished to me by Lerner shows a cluster of five data center facilities.
Brightseat Associates LLC, an affiliate Lerner Enterprises and The Tower Cos., gained final plat approvals Oct. 16 for 4.1 million square feet of data centers — a project dubbed Brightseat Tech Park — on about 87 acres centered on 2101 Brightseat Road, enshrining a green light from county regulators it won in March.
David Iannucci, who heads the Prince George’s Economic Development Corp., told me in a recent interview he’s prioritized attracting data centers to the county because of the huge commercial tax revenues they generate. For perspective, Loudoun County, the data center capital of the world, budgeted over $670 million in personal property taxes paid on data centers’ computer equipment alone for fiscal year 2025 — equivalent to two-thirds of the county’s entire general fund budget.
Read more of the story by Dan Brendel of Washington Business Journal
Creando Exitos Season 5 | Episode Three
By PGCEDC Staff
PGCEDC welcomes the latest season of Creando Exitos or "Creating Success." Now entering its sixth season of production, the Spanish language Creando Exitos is an informational program for the Latino Business Community designed to promote the services offered by PGCEDC and highlight other business resources available in Prince George's County to support and grow their companies.
This episode features Cesar Cucufate, PGCEDC Small Business Development Manager. This season will highlight the multiple resources in the County and this upcoming episode is a testament to that.
The program provides a platform for Latino businesses to learn more about the County's Economic Development Incentive Fund, FSC First, Department of Permitting, Inspection and Enforcement (DPIE), banking services, and other programs to help them create success and showcase why Expansion Starts Here.
Creando Exitos is the winner of the 2024 Economic Development Marketing Award at the 2024 Maryland Economic Development Association Annual Conference.
PGCEDC Hosts Inaugural Industrial Advisory Board
By Rhett Butler
PGCEDC hosted the inaugural Industrial Advisory Board comprised of most of the County's best and brightest companies in the Industrial sector. Facilitated by PGCEDC Business Development Manager for Manufacturing and Warehousing Jose Burnes, representatives from NAI Michael, St. John Properties, PepsiCo, Jones Lang LaSalle, Inc., Gibbs and Haller, Prologis, and more attended the meeting in person and virtually with the intention of sharing ideas, advancing the needs of the collective within the industry sector, and creating a sustainable community.
In addition, the companies received Certificates of Recognition honoring them during Maryland Economic Development Week, which was held in conjunction with Prince George's County Economic Development Week. PGCEDC has been creating robust engagement opportunities with companies in the industrial sector and will continue to foster community.
Expansion Starts Here!