New Beltsville Facility for the Bureau of Engraving and Printing Looks To Start Construction in 2024
Numerous construction and trade jobs will be created providing local businesses contracting and employment opportunities
Beltsville, MD – The construction for the new Prince George's County-based location for the Bureau of Engraving and Printing will begin late next year, but the progress is still moving forward. The 104-acre site at the U.S. Department of Agriculture's Beltsville Agricultural Research Center (BARC) will house a new state-of-the-art and environmentally conscious production facility to print U.S. paper currency and other federal security products.
Before construction can begin very late in 2024, the existing buildings on the site will be removed to clear the way for the new economic opportunity the BEP brings to Prince George's County.
"Increasing the presence of the federal government's real estate assets (both owned and leased) and jobs in Prince George's County is a priority of the EDC's strategic plan to grow the local economy," said David K. Lewis, PGCEDC Director of Business Development, Government. "For example, relocating the Bureau of Engraving and Printing currency production facility from Washington, DC to Beltsville will bring 1,286 full-time jobs to the county, paying an average salary of $99,000. That is purchasing power for sales at restaurants, retail shops, housing, etc., to support the local economy.
"Also, for the three years it will take to construct the one-million square foot facility, many construction and trades jobs will be created where local businesses and their employees will have contracting and employment opportunities. And then there will be ongoing services contracted out for maintenance work such as grounds keeping services. The Bureau of Engraving and Printing will also spend millions of dollars to improve the infrastructure of the Beltsville Agricultural Research Center campus such as providing for road improvements."
Construction of the new facility – managed by the U.S. Army Corps of Engineers Baltimore District – is anticipated to be completed by early 2027, per a Maryland Department of Commerce press release, with currency production starting mid-year.
"County Executive Angela Alsobrooks has been a consistent advocate for the BEP's move to Prince George's County," said David Iannucci, President and CEO of the Prince George's County Economic Development Corporation. "We take pride in knowing that Prince George's County will be one of only two locations in the country where U.S. currency is printed. Increasing the number of federal jobs, and federal investment, in the county have long been a key part of our strategic focus for growing the county's economy. This $1.4 billion facility will be a meaningful part of future growth here."
The BEP expects to house at least 850 on-site workers, with 600 additional employees working remotely.
As previously reported by Maryland Commerce, building a new production facility in Beltsville will result in cost savings and efficiencies for the BEP and shorten the commute for the 65 percent of Bureau employees already living in Maryland.
For more information about the Prince George's County Economic Development Corproation visit: https://www.pgcedc.com
About Prince George's County Economic Development Corporation
Celebrating 40 years, the mission of the Prince George’s County Economic Development Corporation (PGCEDC) 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.
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For more information contact:
Rhett Butler
240.427.7926 Direct
rbutler@co.pg.md.us
Marketing & Communications Manager
Prince George's County Economic Development Corporation