2U, Inc. Named One Of The Top 100 Public Companies
Prince George's County Based Company Makes The Washington Business Journal List
Largo, MD – Prince George's County-based company, 2U, Inc., was announced as one of the Top 100 Public Companies List entrants by the Washington Business Journal. Prince George's County Economic Development Corporation (PGCEDC) assisted 2U, Inc. in receiving investment from the Economic Development Incentive Fund.
The company retained 650 jobs and added 665 jobs to Prince George's County.
"2U, Inc.'s expansion project in Prince George's County was the ideal candidate to receive funding from the Economic Development Incentive Fund (EDIF)," said PGCEDC Financial Service Program Manager Andre Plummer. "The EDI Fund is designed to assist on eligible expansion, attraction, or retention projects providing significant full-time employment. Additionally, 2U's expansion project produced important local, county, and state tax receipts with a significant economic impact."
The EDI Fund is structured to support the County's economic strategic action plan, in which four industry sectors are prioritized to maximize overall economic impact (federal government, hospitals & health services, research-intensive technologies, and information technology). 2U's industry sector classification (information technology) and total capital expenditure, job retention, and expansion ideally illustrate how "Expansion Starts Here" in Prince George's County.
As the parent company of edX, 2U, Inc. works with top-tier partners to offer high-quality online education and services that span free courses to degree programs. With a mission-driven, student-focused culture, 2U is driven to help partners thrive in the digital age.
Wall Street has been positive on 2U Inc. (Stock Ticker Symbol: TWOU). On average, analysts give 2U Inc a Buy rating and expect the stock to increase by 150.37% over the next twelve months. That average ranking earns 2U Inc. an Analyst Rating of 33, which is better than 33% of stocks based on data compiled by InvestorsObserver.
For more information about the EDI Fund and the services the Economic Development Corporation provides to local companies, visit 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
Marketing & Communications Manager
Prince George's County Economic Development Corporation