Prince George's County Economic Development Corporation Releases Analysis of County's Economic Recovery from COVID-19 Pandemic

Prince George's County Economic Development Corporation Releases Analysis of County's Economic Recovery from COVID-19 Pandemic

Largo, MD – The Prince George's County Economic Development Corporation (PGCEDC) has released a comprehensive analysis detailing the county's exceptional economic recovery following the COVID-19 pandemic. Conducted by Policy Navigators, LLC, the report highlights Prince George's County as one of Maryland's top-performing jurisdictions for job growth, demonstrating resilience and leadership during a challenging economic period.

The analysis compared job creation numbers in Prince George's County to eight other jurisdictions in Maryland and the state as a whole. It examined data spanning the pre-pandemic years, the initial economic impacts of COVID-19, and the subsequent recovery period.

Pre-Pandemic Leadership in Job Growth

From 2011 to 2021, Prince George's County led Maryland counties in job creation, adding 55,182 jobs during the decade. This remarkable growth placed the county ahead of Anne Arundel County by nearly 2,000 jobs, with much of the expansion driven by the Fort Meade area and related developments. The report underscores Prince George's County's strong pre-pandemic economic trajectory as a foundation for its post-pandemic recovery.

Disproportionate Impact of COVID-19

The pandemic's onset in March 2020 brought widespread economic disruptions. Businesses, schools, and essential services faced closures, and minority- and women-owned businesses experienced disproportionate challenges. As a jurisdiction with a high concentration of minority- and women-owned enterprises, Prince George's County felt these impacts acutely, recording significant job losses during the pandemic's peak.

Recovery and Reopening

Despite the challenges, Prince George's County demonstrated remarkable resilience. While the broader economy took until 2022 to return to pre-pandemic levels, the county outpaced its Maryland counterparts in job growth during the recovery phase. By May 2022, as restrictions eased and economic conditions normalized, Prince George's County had created more jobs over two years than any other jurisdiction in the state.

A Stronger Future for Prince George's County

The report concludes that Prince George's County not only weathered the economic storm of COVID-19 but also emerged as a model of recovery and growth. Despite trailing only Montgomery County in total job losses during the pandemic, Prince George's County rebounded with sustained job creation, setting the pace for economic recovery across Maryland.

The findings reinforce Prince George's County's status as a leader in job growth and economic resilience, demonstrating the community's ability to overcome adversity and adapt to new economic realities.

About PGCEDC

Prince George's County Economic Development Corporation works to attract, retain, and grow businesses in Prince George's County, Maryland. Through innovative programs and partnerships, PGCEDC supports economic expansion and strengthens the community's business ecosystem.

For more information about this report or PGCEDC’s initiatives, please contact:

Rhett Butler

Marketing & Communications Manager

Prince George's County Economic Development Corporation

rbutler@co.pg.md.us

Prince George's County Economic Development Corporation Congratulates Power Train, Inc. on Top Ten Ranking Among Women-Owned Companies

Prince George's County Economic Development Corporation Congratulates Power Train, Inc. on Top Ten Ranking Among Women-Owned Companies

Largo, MD — Prince George's County Economic Development Corporation (PGCEDC) proudly congratulates Power Train, Inc., a Hyattsville-based company, for being ranked among the top ten women-owned businesses by total revenue in 2023. Generating an impressive $92 million in revenue, Power Train, Inc. stands as a beacon of innovation and leadership in the business community.

Founded in 1994, Power Train, Inc. specializes in cloud-based IT solutions, human capital management, learning management system hosting, learning and development, career mapping, and web training. With a workforce of 135 employees and a remarkable 67% women ownership, the company reflects the strength of diversity and inclusion in Prince George's County's thriving economy.

Under the leadership of CEO Lisa Cox, Power Train, Inc. has consistently demonstrated excellence, setting benchmarks in the fields of technology, education, and workforce development. Their dedication to empowering individuals and businesses aligns perfectly with PGCEDC's vision for economic growth and opportunity.

"Power Train, Inc.'s success exemplifies the innovative spirit and entrepreneurial drive that define Prince George's County," said David Iannucci, President & CEO of PGCEDC. "We are proud to celebrate their incredible achievements and their commitment to excellence in business and community impact."

Power Train, Inc.'s recognition underscores Prince George's County's growing reputation as a premier destination for business expansion and innovation. Their success story is a testament to the county's robust support system for entrepreneurs and businesses alike.

Expansion Starts Here in Prince George's County, where companies like Power Train, Inc. continue to lead the way, inspiring the next generation of leaders and innovators.

About Prince George's County Economic Development Corporation

PGCEDC's mission is to cultivate and promote a strong local economy supporting entrepreneurs' and businesses' growth and prosperity. It is dedicated to strengthening communities through business development and job creation. For more information about Prince George's County Economic Development Corporation's services to local companies, visit www.pgcedc.com.

Media Contact:

Rhett Butler

Marketing & Communications Manager, PGCEDC

240-427-7926

rbutler@co.pg.md.us

https://pgcedc.com

FOR IMMEDIATE RELEASE: **A Legacy of Growth: David Iannucci Concludes Historic Chapter in Prince George's County Economic Development**

FOR IMMEDIATE RELEASE

**A Legacy of Growth: David Iannucci Concludes Historic Chapter in Prince George's County Economic Development**

LARGO, MD - Prince George's County Economic Development Corporation (PGCEDC) today announces the retirement of President and CEO David S. Iannucci, marking the conclusion of an extraordinary career spanning more than four decades in economic development and public service. Under Iannucci's visionary leadership, Prince George's County has experienced unprecedented economic growth and transformation, including a 10-year span leading all Maryland Counties in job growth and the historic successful bid to relocate the FBI headquarters to Greenbelt, Maryland.

"David Iannucci's impact on Prince George's County's economic landscape has been nothing short of remarkable," said Orlan Johnson, Chair of the PGCEDC Board of Directors. "His strategic vision and unwavering dedication have positioned our County as the premier business destination in the Maryland-DC region. David has been a leader in the economic development arena for the State of Maryland as well as in many major jurisdictions in the state, so we were fortunate to have him at the helm here in Prince George's County."

"Two of the things I most appreciate about David is the vast experience he has brought to the EDC and his incredible understanding of economic development," said Marva Jo Camp, Esq., Vice Chair of the EDC Board of Directors. "His deep knowledge of both policy and practice, combined with his strategic vision and ability to navigate complex economic landscapes has been instrumental in positioning Prince George's County as a premier business destination."

Working with focused leadership from the County Executive and Congressional Delegation, Iannucci's dedication culminated in one of the region's most significant economic development achievements: securing the new FBI headquarters in Greenbelt, Maryland. This landmark victory, years in the making, exemplifies Iannucci's patient, strategic approach to economic development and his ability to bring transformative projects to fruition.

Prince George's County Executive Angela Alsobrooks has worked closely with Iannucci throughout this journey. "It is an honor to acknowledge and congratulate Mr. Iannucci on his retirement. Over the course of his remarkable career, David has left an indelible mark on our community, serving as a steadfast leader and tireless advocate for economic development in our County. He has driven transformative projects that have reshaped our community, including playing a pivotal role in bringing the FBI's new headquarters to Prince George's County. His leadership, vision, and unwavering commitment have been instrumental in creating opportunities for our residents, fostering innovation, and laying the foundation for a brighter economic future. David's impact will be felt for generations to come, and we are deeply grateful for his dedicated service. On behalf of the residents of Prince George's County, I want to extend my heartfelt thanks to David for his outstanding contributions and wish him the very best in this next chapter of his life. His legacy will always be a part of our County's story."

During his tenure, Iannucci led the implementation of the $50 million Economic Development Incentive Fund into a powerful engine for growth, leveraging over $1.1 billion in private sector investments. But beyond the impressive numbers, his impact is best measured in the thousands of Prince George's County residents who now work in the businesses that grew and expanded because of County support.

As Assistant Deputy Chief Administrative Officer under former County Executive Rushern Baker III, Secretary of the Maryland Department of Business and Economic Development, and Executive Director of Baltimore County's Department of Economic Development, Iannucci built a reputation as someone who understood that successful economic development requires both vision and attention to detail. Iannucci also served as Chief Legislative Officer under former Governor William Donald Schaefer.

A graduate of the University of Maryland College Park and the University of Maryland School of Law, Iannucci has always maintained deep roots in the community he serves. As a long-time Prince George's County resident and member of the Maryland Economic Development Association Hall of Fame and Maryland Regional Manufacturing Star, his commitment to the region extends far beyond professional duty.

Iannucci has placed attention on addressing economic mobility, equity in federal spending in the DMV, and Maryland's economic competitiveness. As PGCEDC prepares for this transition, the organization remains committed to advancing its vision of inclusive economic prosperity.

About Prince George's County Economic Development Corporation

PGCEDC's mission is to cultivate and promote a strong local economy supporting entrepreneurs' and businesses' growth and prosperity. It is dedicated to strengthening communities through business development and job creation. For more information about Prince George's County Economic Development Corporation's services to local companies, visit www.pgcedc.com.

Media Contact:

Rhett Butler

Marketing & Communications Manager, PGCEDC

240-427-7926

rbutler@co.pg.md.us

https://pgcedc.com

Prince George's County Economic Development Corporation Releases 2024 Achievement Report on Economic Development Strategic Action Plan

Prince George's County Economic Development Corporation Releases 2024 Achievement Report on Economic Development Strategic Action Plan

Report Highlights Transformative Impact on County's Growth and Workforce

LARGO, MD - The Prince George's County Economic Development Corporation (PGCEDC) proudly announces the release of its highly anticipated 2024 Achievement Report on the Economic Development Strategic Action Plan. This report provides an in-depth assessment of the County's strides in job creation, innovation support, and community investment as part of the 2022 Strategic Action Plan. The updated plan, structured around three core priorities—Growth Opportunities, Human Capital, and Strong Places—reflects Prince George's County's commitment to sustainable and inclusive economic development.

The updated 2022 Strategic Action Plan, developed through a two-year collaborative effort with PGCEDC, Employ Prince George's, and Maryland-National Capital Parks and Planning Commission (M-NCPPC) builds on the County's success in promoting economic and employment development.

"Our 2024 Achievement Report is a testament to the power of public-private partnerships and strategic vision," said David Iannucci, President & CEO of PGCEDC, emphasizing the importance of continued collaboration and funding to maintain this positive trajectory. "The progress outlined here reflects not only our collective commitment to economic resilience but also our unwavering dedication to inclusive growth. We look forward to working with our partners to build on this success, ensuring that Prince George's County remains a model for sustainable economic development."

Through strategic partnerships and targeted programs, Prince George's County has successfully bolstered its local economy, supported its residents, and created new pathways for business growth. The Achievement Report documents this progress with measurable data and success stories, reinforcing the County's role as a leader in regional economic innovation.

Innovation Collaborative of Prince George's County: PGCEDC has developed an entrepreneurial ecosystem involving key institutions such as TEDCO, the University of Maryland, and Bowie State University. This has resulted in over 200 new business partnerships and mentoring for over 50 BIPOC and women-owned startups.

Innovation Station Business Incubator (ISBI): Serving as a one-stop resource center, ISBI has provided critical support, including mentorship and pre-accelerator programs, to over 80 businesses. Sixty percent of participants come from underserved communities. ISBI's focus on BIPOC and women entrepreneurs has expanded opportunities for scalable business growth.

Federal Presence: PGCEDC's efforts to attract and retain federal agencies have proven successful, including the landmark relocation of the Federal Bureau of Investigation headquarters to Prince George's County. Additionally, federal clusters are being further strengthened with collaborative initiatives supporting NASA's Goddard Space Flight Center and related contractors, positioning the County as a central hub for federal research and innovation.

Healthcare and Research: Continued investments in local healthcare infrastructure, including new facilities in Largo and Oxon Hill, have provided both healthcare access and employment opportunities, while the collaboration with the University of Maryland's Discovery District is fueling advancements in research-intensive industries.

Grow Prince George's Program: Funded initially by the American Rescue Plan Act, this economic gardening initiative has provided 1,700 minority and women-owned businesses with vital resources. From market research to digital optimization, the program has enabled these businesses to thrive in the post-pandemic economy. PGCEDC continues to prioritize diverse entrepreneurship as a core component of the County's growth strategy.

Youth Career Connections (YCC): As part of Employ Prince George's workforce programs, YCC connects K-12 students with industry pathways and career mentors, setting a solid foundation for the County's future workforce. With 50 dedicated career coaches, YCC has helped 4,000 students access career counseling and has placed 1,200 internship opportunities in high-growth industries.

STEM Partnerships: Partnering with local schools and higher education institutions, PGCEDC has launched STEM-focused programs, reaching over 5,000 students and preparing them for roles in technology, healthcare, and research fields essential to the County's economic future.

Placemaking Initiatives: In collaboration with the Maryland-National Capital Park and Planning Commission, PGCEDC has rolled out placemaking projects in Suitland, Riverdale Park, and Largo, creating inviting, business-friendly spaces that have improved the local quality of life and strengthened communities. These initiatives have contributed to a 20% increase in local foot traffic and business engagement.

Business Improvement Districts (BIDs): PGCEDC's focus on transit-oriented development has led to the creation of BIDs in key areas, improving infrastructure, accessibility, and livability for businesses and residents alike.

The 2024 Achievement Report emphasizes the need for ongoing investments, particularly in innovation ecosystems and workforce training, to ensure continued growth. PGCEDC plans to expand its Grow Prince George's program and enhance Youth Career Connections to bridge talent directly to in-demand job sectors.

To access the full report and learn more about the achievements and strategic vision for Prince George's County, please download the full 2024 Achievement Report HERE.

About Prince George’s County Economic Development Corporation

PGCEDC’s mission is to cultivate and promote a strong local economy that supports the growth and prosperity of entrepreneurs and businesses, dedicated to strengthening communities through business development and job creation. For more information about Prince George’s County Economic Development Corporation’s services to local companies, visit www.pgcedc.com.

Media Contact:

Rhett Butler

Marketing & Communications Manager, PGCEDC

240-427-7926

rbutler@co.pg.md.us

https://pgcedc.com

Prince George's County Economic Development Corporation President & CEO David Iannucci Honored as Maryland Manufacturing Star

Prince George's County Economic Development Corporation President & CEO David Iannucci Honored as Maryland Manufacturing Star

The 2024 Maryland Manufacturing Celebration of Stars is on November 14th, 2024 at Martin's West, Baltimore County

Largo, MD – The Prince George's County Economic Development Corporation (PGCEDC) is thrilled to announce that President & CEO David Iannucci has been bestowed with the esteemed title of Maryland Manufacturing Star. This prestigious accolade, presented by the Regional Manufacturing Institute of Maryland (RMI), is a testament to his exceptional leadership and commitment to advancing the state's manufacturing industry. His significant contributions have not only enhanced Maryland's economic landscape but also inspired future growth, making him a worthy recipient of this honor.

The recognition celebrates Mr. Iannucci's outstanding achievements, innovative vision, and unwavering dedication to supporting and expanding the manufacturing sector in Prince George's County and beyond. Under his leadership, the PGCEDC has implemented strategic initiatives to bolster local manufacturing, enhance workforce development, and facilitate partnerships that reinforce Maryland's standing as a national hub for manufacturing excellence.

"I am honored to receive this award and be part of such an inspiring community of manufacturing leaders. Manufacturing is the backbone of our state's economy, and I am proud to contribute to its growth and resilience here in Prince George's County. I share this recognition with the PGCEDC team and all our industry partners who work tirelessly to make Maryland a leader in innovation and manufacturing."

Mr. Iannucci's unwavering dedication to fostering an ecosystem that supports manufacturing excellence has not only benefited Prince George's County but also significantly strengthened Maryland's manufacturing infrastructure statewide. His work serves as a shining example of the pivotal role that manufacturing plays in bolstering economic vitality, job creation, and community prosperity across the state.

This year's Maryland Manufacturing Celebration of Stars event, hosted by RMI of Maryland and the Maryland MEP program, recognizes "Maryland Manufacturing Stars"—people who work in business, education, government, or nonprofits and have made meaningful contributions to our state's manufacturing industry. For further details, please visit the official website of the RMI of Maryland.

About Prince George’s County Economic Development Corporation

PGCEDC’s mission is to cultivate and promote a strong local economy that supports the growth and prosperity of entrepreneurs and businesses, dedicated to strengthening communities through business development and job creation. For more information about Prince George’s County Economic Development Corporation’s services to local companies, visit www.pgcedc.com.

Media Contact:

Rhett Butler

Marketing & Communications Manager, PGCEDC

240-427-7926

rbutler@co.pg.md.us

https://pgcedc.com

Prince George's County Economic Development Corporation Celebrates 5 County-Based Development Projects Highlighted in the 10 Suburban Maryland Major Real Estate Development Report

Prince George's County Economic Development Corporation Celebrates 5 County-Based Development Projects Highlighted in the 10 Suburban Maryland Major Real Estate Development Report

Largo, MD - 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. This recognition underscores Prince George's commitment to fostering community-driven, innovative developments while establishing itself as a regional growth and investment hub.

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

Key projects highlighted include the redevelopment of the Northwest Stadium site in Landover and the Carillon Project in Largo. These projects, which represent significant investments and planning, are aimed at creating vibrant, mixed-use communities. The strategic planning behind these projects reassures the audience about the county's future. Also featured is the development at New Carrollton, demonstrating the county's success in utilizing key transit and commercial areas, such as the New Carrollton Metro area, to stimulate growth across housing, retail, healthcare, and office spaces.

The Brightseat Tech Park in Landover will add to the county's growth momentum. It will convert the former Landover Mall into a vast data center campus, emphasizing Prince George's pivot towards technology-driven development.

Also featured is the Cheverly Hill Project, led by Urban Atlantic and Hometeam5, transforming the former University of Maryland Medical System hospital site. With a projected $550 million investment, Cheverly Hill will offer 1,400 residential units, including townhomes, 70,000 square feet of office, and 40,000 square feet of retail across 45 acres. The project, overlooking Washington, D.C., stands as a beacon of thoughtful mixed-use development and environmental respect. Plans include preserving the highest building and converting the former helipad area into a restaurant, adding both functional and scenic value to the community.

"These projects not only reflect the ambition of Prince George's County's development landscape but also underscore the potential for sustainable economic and community-focused growth," said David Iannucci, President of PGCEDC. "Through strategic public-private partnerships, Prince George's County remains a premier destination for businesses looking to invest in Maryland's future."

The impact of these initiatives reaffirms Prince George's County's standing as a prime destination for transformative development in the greater Washington region.

About Prince George's County Economic Development Corporation

PGCEDC's mission is to cultivate and promote a strong local economy supporting entrepreneurs' and businesses' growth and prosperity. It is dedicated to strengthening communities through business development and job creation. For more information about Prince George's County Economic Development Corporation's services to local companies, visit www.pgcedc.com.

Media Contact:

Rhett Butler

Marketing & Communications Manager, PGCEDC

(301) 345.5334

rbutler@co.pg.md.us

REDEVELOPMENT AUTHORITY ANNOUNCES $1 MILLION IN FUNDING FOR COMMERCIAL PROPERTY IMPROVEMENT PROGRAM

REDEVELOPMENT AUTHORITY ANNOUNCES $1 MILLION IN FUNDING FOR COMMERCIAL PROPERTY IMPROVEMENT PROGRAM

Largo, MD --- The Redevelopment Authority of Prince George's County (RDA) announced today that $1 million in funding is available through the Commercial Property Improvement Program (CPIP) and applications for funding are now being accepted. Applications are available starting today, October 21, 2024, and the deadline to submit the application is December 9, 2024, by 12:00 p.m. The CPIP was established to assist owners of shopping centers and retail street storefronts properties with improving exterior facade, place making, lighting, and major building systems improvements that enhance retail competitiveness and viability.

“We are excited to announce this year’s round of Commercial Property Improvement Program funds,” said County Executive Angela Alsobrooks. “Economic development has been a key priority throughout my administration. These types of grants are crucial in supporting our growing business community and our overall efforts to strengthen Prince George’s. Through this grant opportunity, we are able to support the revitalization of shopping centers and other retail spaces, which will attract new businesses to the County and create jobs for Prince Georgians right here at home.”

The CPIP will require a 50% applicant match for all program funding awarded to approved shopping centers and retail space for eligible improvements. Therefore, applicants must be able to pay for half of the total project cost in order to apply for the CPIP funding. The minimum grant is $50,000 for $100,000 in total project costs and the maximum grant is $350,000 for $700,000 or more in total project costs.

The goal is to select applicants with the strongest market potential for investment. Commercial space occupied exclusively by places of worship or non-retail uses will not be funded. Shopping center owners who were the recipients of the 2019, 2020, 2021, 2022 or 2023 CPIP funding are not eligible to apply for this year’s funding.

While CPIP will reimburse up to 50% of approved construction costs as costs are incurred and documented, architectural design and permit costs will not be reimbursed until after construction is completed. In addition, construction on the approved project must begin within 90 days after grant approval and must be completed within 180 days after approval. Incomplete submissions will not be accepted.

The CPIP Notice of Funding, application, and responses to questions can be found on the RDA website: https://www.princegeorgescountymd.gov/departments-offices/redevelopment-authority/grants/commercial-property-improvement-program.

Questions may be sent to Victor E. Sherrod at CPIP@co.pg.md.us.

Prince George's County Economic Development Corporation Congratulates Local Companies on Making The Washington Business Journal's Top 50 Fastest Growing Companies List

Prince George's County Economic Development Corporation Congratulates Local Companies on Making The Washington Business Journal's Top 50 Fastest Growing Companies List

The companies land at the #31, #35, and #50 spots on the coveted listing

Largo, MD – Prince George’s County Economic Development Corporation (PGCEDC) is proud to congratulate Premier Enterprise Solutions, LLC, SanDow Construction, Inc., and Apex Petroleum Corporation for being recognized among the Top 50 Fastest Growing Companies on The Washington Business Journal’s prestigious “The List.” This achievement underscores the incredible growth and success that businesses headquartered in Prince George’s County are achieving as they continue to expand and innovate across industries.

"We are thrilled to see Premier Enterprise Solutions, SanDow Construction, and Apex Petroleum Corporation recognized among the fastest-growing companies in the region," said David Iannucci, President & CEO of PGCEDC. "This recognition is a testament to the thriving business climate we have fostered here in Prince George’s County. It shows that businesses of all sizes and industries can flourish, expand, and achieve great success by taking advantage of the County's supportive economic environment."

The success of these three companies reflects the diverse and dynamic economic landscape of Prince George’s County:

Premier Enterprise Solutions, LLC is a leading IT solutions provider, specializing in cybersecurity, cloud services, and business intelligence. Their consistent innovation and expansion of services have driven remarkable growth, allowing them to serve clients across the public and private sectors.

SanDow Construction, Inc. is a prominent construction firm that has seen impressive growth through its commitment to excellence in building infrastructure and community projects, from residential developments to commercial real estate projects throughout the region.

Apex Petroleum Corporation is a key player in the fuel distribution industry, delivering critical resources to businesses and organizations across the DMV area and beyond. Their expansion reflects the County’s robust transportation and logistics capabilities.

The inclusion of these businesses in The Washington Business Journal’s “The List” is a reflection of the growth potential within Prince George’s County. With PGCEDC’s support, local businesses are not only staying competitive but thriving and expanding on a regional and national scale. Prince George’s County offers companies a variety of resources, including access to financing, workforce development programs, real estate assistance, and connections to key business networks that help facilitate continued growth.

PGCEDC remains focused on attracting and supporting businesses across all sectors, ensuring they have the tools, resources, and community partnerships necessary to achieve their full potential. As these companies continue to scale new heights, their growth will serve as a beacon for future businesses that Prince George's County is the ideal place for innovation, opportunity, and success.

About Prince George's County Economic Development Corporation

PGCEDC's mission is to cultivate and promote a strong local economy supporting entrepreneurs' and businesses' growth and prosperity. It is dedicated to strengthening communities through business development and job creation. For more information about Prince George's County Economic Development Corporation's services to local companies, visit www.pgcedc.com.

Media Contact:

Rhett Butler

Marketing & Communications Manager, PGCEDC

(301) 345.5334

rbutler@co.pg.md.us

Prince George's County Economic Development Corporation Celebrates Economic Development Week in Maryland

Prince George's County Economic Development Corporation Celebrates Economic Development Week in Maryland

Business Development team delivers Certificates of Recognition from the County honoring their economic contributions

Largo, MD—Prince George's County Economic Development Corporation (PGCEDC), in partnership with the Maryland Economic Development Association (MEDA), is celebrating Economic Development Week in Maryland.

Since 2011, this week-long observance has highlighted the transformative impact of economic development on communities and individuals. This year's Economic Development Week will occur from Monday, October 21, through Friday, October 25. Events and activities hosted by various statewide economic development organizations will highlight the efforts and initiatives to improve business retention, job growth, and quality of life for Maryland residents.

As part of the celebrations, PGCEDC's Business Development team will visit a hundred businesses and deliver Certificates of Recognition from County Executive Angela Alsobrooks, congratulating County businesses on their contributions to the County.

PGCEDC is honored to celebrate Economic Development Week in Maryland, highlighting the crucial role that economic development plays in the state's ongoing prosperity and growth.

"Our businesses are the lifeblood of Prince George's County," said Iannucci. "From small startups to established enterprises, they contribute to the diverse economic landscape that makes this County a prime destination for innovation and growth. Maryland Economic Development Week allows us to honor these businesses and thank them for their role in building a prosperous future for all residents."

As part of the week-long celebration, Prince George's County Executive Angela Alsobrooks issued a proclamation declaring October 21 through 25th as Prince George's County Economic Development Week.

About Prince George's County Economic Development Corporation

PGCEDC's mission is to cultivate and promote a strong local economy supporting entrepreneurs' and businesses' growth and prosperity. It is dedicated to strengthening communities through business development and job creation. For more information about Prince George's County Economic Development Corporation's services to local companies, visit www.pgcedc.com.

Media Contact:

Rhett Butler

Marketing & Communications Manager, PGCEDC

(301) 345.5334

rbutler@co.pg.md.us

Five Prince George's County Electrical Contractor & Mechanical Contractor Companies Make Washington Business Journal's "The List"

Prince George’s County Economic Development Corporation Congratulates Five Prince George's County Electrical Contractor & Mechanical Contractor Companies Making WBJ's "The List"

Prince George's County boasts four of the top ten Electrical Contractor companies,

PGCEDC congratulates the Prince George's County-based companies included in the Electrical and Mechanical Contractors categories in the Washington Business Journal's Book of Lists. Prince George's County boasts four of the top ten Electrical Contractor companies, including Power Soultions, LLC in Bowie, the number one company, and J.E. Richards, Inc. (a Phalon Company) in Lanham, the number two company.

Power Solutions has been working with some of the country's largest general contractors for over twenty years, crafting, building, and maintaining electrical systems for hospitals, data centers, medical laboratories, telecommunications centers, government and military institutions, and more.

J.E. Richards, Inc., owned by Phalcon, has a team of highly skilled electricians, project managers, and estimators who have completed electrical work for utility, commercial, institutional, industrial, and municipal customers of all sizes. We have always kept up our capabilities with the vast changes taking place in the electrical and construction industries – and have invested heavily in strategic industry partnerships – resulting in an unparalleled depth of ability, knowledge, and experience to serve the unique needs of their clients.

The Electrical Contractors top ten list also included Freestate Electrical Cos., located in Laurel, at number four, and C3M Power Systems, LLC, in Capitol Heights, at number seven. On the Mechanical Contractors list, Capitol Heights-based Adrian L. Merton, Inc., the only county company on the list, rounded out the top three.

Washington Business Journal's Book of Lists provides an in-depth look at the largest and most influential players defining our local economies. WBJ researchers compile rankings from original and often exclusive data.

About Prince George’s County Economic Development Corporation

PGCEDC’s mission is to cultivate and promote a strong local economy that supports the growth and prosperity of entrepreneurs and businesses, dedicated to strengthening communities through business development and job creation. For more information about Prince George’s County Economic Development Corporation’s services to local companies, visit www.pgcedc.com.

Media Contact:

Rhett Butler

Marketing & Communications Manager, PGCEDC

(301) 345.5334

rbutler@co.pg.md.us