PRESS RELEASE: MEDA ANNOUNCES $9.17 RETURN ON INVESTMENT FROM EVERY DOLLAR INVESTED IN MARYLAND ECONOMIC DEVELOPMENT

Largo, MD - The Maryland Economic Development Association (MEDA) has released findings from a recent study indicating that an estimated average of $9.17 in state and local tax revenue is generated for every dollar invested in county economic development operations in Maryland.

The study, conducted in collaboration with the Business Economic and Community Outreach Network at Salisbury University (BEACON) and MEDA’s Public Policy Committee, utilized annual survey data collected over the past two years from local county economic development offices.

The data, compiled by BEACON's research team, focused on jobs added or retained, as reported by county economic development offices, and the funding invested by each county to support economic development operations. Analysis of the 2022 and 2023 data supplied by participating county economic development offices, modeled with IMPLAN, a regional economic analysis software application, revealed varying returns on investment across communities. The estimated statewide average return for 2022 and 2023 demonstrated the generated state and local tax revenue for each dollar invested.

John Hickman, Director of BEACON, shared his enthusiasm about the collaboration, stating, “This is a wonderful opportunity to showcase the impact of the economic development community in the state of Maryland.”

The study was conducted to better quantify the impact of economic development efforts using empirical data to demonstrate the importance and value of economic development programs.

To learn more about the impact of Public Policy in Maryland please visit https://www.medamd.com/public-policy-awareness/.

About MEDA

MEDA is a nonprofit organization of economic development professionals. Established in 1961, MEDA members promote the economic well-being of Maryland by working to improve the state’s business climate and the professionalism of those in the field of economic development.

“Investing in economic development activities in Maryland generates a significant return on

investment, with a statewide average of $9.17 multiplier effect,” said MEDA President Richard

G. Griffin, CEcD. “This demonstrates the enduring impact these investments have on local job

creation, tax base, and community vitality, showcasing Maryland's resilience and potential for

growth.”

MEDA’s membership includes economic development practitioners employed by the government, businesses, and chambers of commerce as well as other professionals with an interest in the economy of Maryland. Through its regular meetings, special programs, and projects, members address such diverse issues as local planning, workforce, transportation, international trade, tourism, and finance. To learn more about MEDA, visit https://www.medamd.com/.

About BEACON

A Community Outreach Unit of the Franklin P. Perdue School of Business at Salisbury University. For over 30 years, BEACON has offered applied business and economic assistance to a variety of public, private, and non-profit organizations. To learn more about https://www.salisbury.edu/academic-offices/business/beacon/.

MEDIA CONTACT:

Mia Vaccaro (MEDA)

mia@pprstrategies.com

240.608.4446

Rhett Butler (PGCEDC)

rbutler@co.pg.md.us

240.427.7926

PRESS RELEASE: WASHINGTON METROPOLITAN COUNCIL OF GOVERNMENTS RECOGNIZES MARYLAND NATIONAL CAPITAL REGION ECONOMIC DEVELOPMENT ALLIANCE

WASHINGTON METROPOLITAN COUNCIL OF GOVERNMENTS RECOGNIZES MARYLAND NATIONAL CAPITAL REGION ECONOMIC DEVELOPMENT ALLIANCE

PGCEDC President & CEO, David Iannucci accepts the Stuart A. Freudberg Award for Regional Partnership

LARGO, MD -At its Annual Membership Meeting and Awards Luncheon on December 13th, the Metropolitan Washington Council of Governments (COG) presented its highest honors to three area officials and one organization for their service and contributions to the region. The Maryland National Capital Region Economic Development Alliance received the Stuart A. Freudberg Award for Regional Partnership.

The alliance represents Economic Development offices from six Maryland jurisdictions — Anne Arundel County, Charles County, Frederick County, Howard County, Montgomery County, and Prince George’s County.

"The Maryland National Capital Region Economic Development Alliance came together in 2019 pre-COVID but during COVID began meeting virtually weekly which was like being in a fox hole," said PGCEDC President & CEO, David Iannucci. "We met every Wednesday and showed that regional cooperation was never better than in Maryland to meet the regional challenges of today and we are not done."

MNCREDA was recognized for its work on pandemic relief for local businesses and nonprofits, original research, support of growth initiatives, and advancing regional collaboration on economic development. The President and CEO of the Prince George’s County Economic Development Corporation, David Iannucci, accepted the award on behalf of the alliance members.

The Freudberg Award recognizes organizations or individuals that provided leadership in support of regional policies or programs endorsed by COG. This is the third year the award has been presented, created in memory of Stuart A. Freudberg, who in his 40-year career at COG, served in several leadership positions in the organization, including Deputy Executive Director from 2014 to 2020.

READ MORE HERE

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 the services the Economic Development Corporation provides to local companies, visit www.pgcedc.com.

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Media Contacts:

Rhett Butler

Marketing & Communications Manager, PGCEDC

240-427-7926

rbutler@co.pg.md.us

PRESS RELEASE: PGCEDC LAUNCHES NEW SEASON OF TAKEOUT TUESDAY PROGRAM HIGHLIGHTING COUNTY-BASED RESTAURANTEURS AND HEALTHY EATING

PGCEDC LAUNCHES NEW SEASON OF TAKEOUT TUESDAY PROGRAM HIGHLIGHTING COUNTY-BASED RESTAURANTEURS AND HEALTHY EATING

New 8-episode season focusing on the county culinary scene returns to PGCEDC YouTube Channel

LARGO, MD -Prince George's County Economic Development Corporation (PGCEDC) announces the launch of the newest season of Takeout Tuesday, which will launch on Tuesday, January 2nd, 2023. Now entering its fourth production season, the program explores the authentic tastes and delicacies of Prince George's County, from North County down to South County.

The season also debuts new host Nicole Hall, PGCEDC Business Development Manager, Retail/Restaurants, who is instrumental in managing the services and business resources available in Prince George's County to support and grow their companies.

"Season four of Takeout Tuesday will feature diverse culinary destinations around the county," said Takeout Tuesday host Nicole Hall. “The series will showcase the delicious delicacies and dishes curated by our talented restaurant community. These small businesses are staples in our neighborhoods, and we are so excited to tell their story to the masses. The series aims to drive consumer traffic to our local, independent restaurants to ensure their longevity and stability in the county. In addition, the show will highlight the Buy Prince George's campaign, which is not just a slogan but a call to action to support our small businesses who support the community they serve."

The program will air bi-weekly on Tuesdays on the PGCEDC YouTube channel, with restaurants in Prince George's County.

The first episode will feature Krab King, an upscale seafood eatery changing the culinary landscape of Upper Marlboro, MD. Additional Takeout Tuesday episodes include vegetarian restaurants and international cuisine in Prince George's County, and many more.

View previous seasons here: https://youtube.com/@pgcedc

About Takeout Tuesday

Prince George's County Economic Development Corporation's signature program is Take Out Tuesday. Viewers join new host Nicole Hall as she explores the true tastes and delicacies of Prince George’s County, from North County all the way down to South County. And as always, don’t forget to #BuyPrinceGeorges

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 the services the Economic Development Corporation provides to local companies, visit www.pgcedc.com.

Join the conversation:

#TakeoutTuesday

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Media Contacts:

Rhett Butler

Marketing & Communications Manager, PGCEDC

240-427-7926

rbutler@co.pg.md.us

PRESS RELEASE: PRINCE GEORGE’S COUNTY LEADS HOSPITAL CONSTRUCTION AND EXPANSION IN THE REGION

Prince George’s County Leads Hospital Construction And Expansion In The Region

The county has six new construction and expansion projects in the medical industry

Largo, MD Prince George's County Economic Development Corporation is proud to announce that the county leads hospital construction and expansion in the region with six current projects. The list, compiled by the Washington Business Journal, profiled the 18 regional health care development projects across the region. Each site is undergoing either a new build, expansion, or renovation and does not account for the outpatient practice of ambulatory care centers.

"Prince George's County has an unprecedented six active/pending healthcare projects," said Alexis Allen-Shorter, Business Development-Health & Life Science, PGCEDC. "For too long, residents have chosen to travel out of the county for specialty care. This investment in healthcare infrastructure will impact our community socially and economically. With access to specialty care closer to home, residents are statistically more inclined to seek out care and complete follow-up appointments, thus decreasing rehospitalization, misuse of emergency services, and mortality. Not only will the completion of these new projects propel Prince George's County to becoming a destination for specialty care and elective procedures, but we will also be able to attract and retain highly skilled healthcare practitioners to the county."

The six sites include:

Adventist HealthCare's Fort Washington Medical Center Replacement (Fort Washington, MD)

Luminis Health Doctors Community Medical Center's Women's Health Pavilion (Lanham, MD)

Kaiser Permanente's Largo Medical Center Expansion (Upper Marlboro, MD)

University of Maryland Capital Region Health's Cancer Center (Largo, MD)

Encompass Health Corp.'s Rehabilitation Hospital of Bowie Expansion (Bowie, MD)

University of Maryland Capital Region Health's Laurel Medical Center Expansion (Laurel, MD)

This period of growth has seen a diverse range of industries flourish in the county, including technology, healthcare, education, and service sectors, contributing to a dynamic and resilient local economy.

That vertical economic trajectory will only expand with the recent announcement of the Federal Bureau of Investigations headquarters coming to Greenbelt, MD. This decision will bring generational transformation and investment for Prince George's County and the State of Maryland because large federal job centers have driven job and income growth in the region. When the Federal Government decided in 1941 to locate the Pentagon on the west bank of the Potomac, that decision created decades of additional investment in Virginia.

Prince George's County remains committed to continuing this trajectory of growth and prosperity in the health care field, ensuring a sustainable and inclusive economy for all its residents.

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Media Contact:

Rhett Butler

Marketing & Communications Manager, PGCEDC

240-427-7926

rbutler@co.pg.md.us

https://pgcedc.com

Prince George’s County, Maryland, Celebrates Decade of Economic Growth with 55,000 New Jobs Added

Prince George’s County, Maryland, Celebrates Decade of Economic Growth with 55,000 New Jobs Added

The county added more jobs than any other county in the state between 2011 - 2021

Largo, MD Prince George's County proudly announces a significant economic growth and development milestone. Over the past ten years, from 2011 to 2021, the County has successfully added 55,000 new jobs, marking a considerable achievement in its commitment to economic prosperity and community development according to the U.S. Bureau of Economic Analysis (BEA) data.

This remarkable job growth is a testament to the County's robust economic policies, strategic initiatives, and a conducive business environment that have collectively fostered job creation and attracted diverse industries to the region.

"This achievement reflects our dedicated efforts to create a thriving economy in Prince George's County," said David Iannucci, President & CEO of Prince George's County Economic Development Corporation. "We have worked tirelessly to attract businesses, support local entrepreneurship, and create a skilled workforce that meets the evolving demands of the job market."

This period of growth has seen a diverse range of industries flourish in the County, including technology, healthcare, education, and service sectors, contributing to a dynamic and resilient local economy.

That vertical economic trajectory will only expand with the recent announcement of the Federal Bureau of Investigations headquarters coming to Greenbelt, MD. This decision will bring generational transformation and investment for Prince George's County and the State of Maryland because large federal job centers have driven job and income growth in the region. When the Federal Government decided in 1941 to locate the Pentagon on the west bank of the Potomac, that decision created decades of additional investment in Virginia.

As we look to the future, Prince George's County remains committed to continuing this trajectory of growth and prosperity, ensuring a sustainable and inclusive economy for all its residents.

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Media Contacts:

Rhett Butler

Marketing & Communications Manager, PGCEDC

240-427-7926

rbutler@co.pg.md.us

https://pgcedc.com

PRESS RELEASE: New Beltsville Facility for the Bureau of Engraving and Printing Looks To Start Construction in 2024

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

PRESS RELEASE: Five Prince George's County Businesses Make The Washington Business Journal Top 100 Private Companies List

Five Prince George's County Businesses Make The Washington Business Journal Top 100 Private Companies List

Power Solutions, LLC, FreeState Electrical Cos, PowerTrain, ERP International, LLC and K. Neal Truck and Bus Center lead for Prince George's County

Largo, MD – Prince George's County Economic Development Corporation congratulates five Prince George's County based companies for making The Washington Business Journal Top 100 Private Companies List. With Power Solutions, LLC leading as the number thirty-five mention and FreeState Electrical Cos, PowerTrain, ERP International, LLC and K. Neal Truck and Bus Center in the 59 - 96 slots, the accomplishment is another testament that Expansion Starts Here in Prince George's County.

"This is yet another major listing of Prince George's County based companies in The Washington Business Journal this year, following company's making the Top 100 Public Companies List," said David Iannucci, President & CEO of Prince George's County Economic Development Corporation. "We are Prince George's Proud of these companies that have brought exciting new employment opportunities and industry sectors while also creating a better quality of life for all Prince George's County residents. Expansion starts here!"

Power Solutions, LLC, located in Bowie, MD, is the Mid-Atlantic region’s premier electrical contractor for mission-critical environments, Power Solutions was founded and is run by former electricians. For over 20 years, Power Solutions has been working in partnership with some of the country’s largest general contractors — crafting, building and maintaining electrical systems for hospitals, data centers, medical laboratories, telecommunications centers, government and military institutions and more.

Freestone Electrical Cos., located in Laurel, MD, has won numerous awards for quality, craftsmanship and overall excellence thanks to its dedicated and highly skilled personnel. In addition to being recognized as a Best In Class specialty contractor, Freestate has also been chosen to receive multiple awards for its exemplary safety and risk control record through its participation in the Archway Captive Insurance Company.

PowerTrain, located in Landover, MD, was founded in 1994 as a woman-owned, small business. Since then, they have supported thousands of government and commercial projects on a wide variety of human performance initiatives. In a rapidly evolving industry in which technological adaptability and innovation are critical, PowerTrain is proud to celebrate 29 years in the business.

ERP International, LLC, located in Laurel, MD, is commemorating its fifteenth year as a comprehensive science and technology solutions provider to federal agencies, providing mission services in the areas of health, national security, and defense.

K. Neal Truck and Bus Center, located in Hyattsville and Capitol Heights, MD, has been a mainstay in Prince George's County, Md. for more than 40 years. K.Neal is an award winning, full-service, minority-owned commercial truck and bus dealership committed to improving fleet uptime, anticipating the future of mobility, integrating emerging technology and supporting the profitability of the transportation ecosystem.

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.

###

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

PRESS RELEASE: Prince George's County Economic Development Corporation Congratulates University of Maryland and IonQ For Grand Opening of QLab: A Hub for Quantum Computing Research

Pictured l-r: Dr. Darryll J. Pines, President, University of Maryland, David Iannucci, President & CEO, Prince George's County Economic Development Corporation, Mayank Kapur, PGCEDC Director of Business Development IT, Cyber Security, Data Center

QLab offers researchers, students, professionals direct access to cutting-edge quantum computers

LARGO, MD - Prince George's County Economic Development Corporation congratulates The University of Maryland (UMD) for the grand opening of the National Quantum Laboratory (QLab), a groundbreaking quantum research center developed in partnership with IonQ (NYSE: IONQ), a leader in the quantum computing industry.

PGCEDC President & CEO David Iannucci and PGCEDC Business Development Director, IT & Cybersecurity Mayank Kapur attended the ribbon cutting. The opening of QLab furthers Prince George's County as the Capital of Quantum.

"The opening of QLab is another great milestone for Prince George's County," said Mayank Kapur, Business Development Director, IT & Cybersecurity. "This National Quantum Laboratory adds another great asset to Prince George's County's quantum ecosystem."

The QLab enables people from across the nation and around the world to develop and design quantum technologies on one of the world's most powerful quantum computers while working alongside leading experts in the field in an effort to address the most complex challenges of our time.

Located inside UMD's Discovery District, this unique, cutting-edge workspace aims to build the next generation of quantum talent and innovations and further establish the region as the Capital of Quantum. Thanks to the nearly $20 million investment that fueled this facility's opening, researchers, students, industry leaders, entrepreneurs and others are already taking advantage of this collaboration to explore how quantum computers can help improve machine learning and AI, materials discovery, supply chain logistics, climate modeling, cybersecurity and more.

As a node in the Mid-Atlantic Regional Quantum Internet (MARQI), the QLab is also accelerating the development of quantum networking capabilities critical for realizing the full potential of quantum computers, sensors and communications systems. QLab actively supports the growth of a skilled quantum workforce and has hosted more than 300 participants in virtual and in-person workshops and bootcamps.

UMD is one of the world's leading institutions of quantum science and engineering, working in close partnership with the National Institute of Standards and Technology as well as other federal agencies and labs. The university boasts more than 200 quantum researchers, eight quantum-focused centers and a comprehensive suite of quantum education offerings.

This first-of-its-kind QLab builds upon the university's $300 million investment in quantum science and more than 30-year track record of driving advances in quantum physics and technology. It additionally marks the latest extension of the university's partnership with IonQ, a company partially founded on research conducted at UMD.

The QLab builds on and reinforces the strong, impact-focused regional collaborations enabled by the Mid-Atlantic Quantum Alliance (MQA) and its 38 members from academia, industry, and government.

IonQ will also be sharing new developments in quantum computing at the Quantum World Congress, which takes place September 27-28. PGCEDC will also be in attendance.

For more information about PGCEDC's IT & Cybersecurity Services visit: https://www.pgcedc.com/datacenter

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

PRESS RELEASE - Prince George's County Economic Development Corporation Leads Economic Delegation To Kenya

Prince George's County Economic Development Corporation Leads Economic Delegation To Kenya

County and business leadership return with increased opportunities for Prince George's County based businesses

Largo, MD – Prince George's County Economic Development Corporation recently led a Business delegation on trade mission to Nairobi, Kenya. The Prince George's County-based business and Kenya leadership group explored ways to expand business opportunities in Nairobi.

Facilitated by Martin U. Ezemma, PGCEDC Director of International Business Development, the delegation included numerous business leaders and Prince George's County council members.

See Orientation & Trip Images HERE

"The trade mission to Nairobi, Kenya is going too position our businesses to be very competitive in the IT, healthcare, infrastructure development, and professional services sectors," said PGCEDC Director of International Business Development, Martin U. Ezemma. "We believe the trade mission was very successful and our companies were able to participate in over 50 B2B meetings. We are looking forward to great results in the future because International Expansion Starts Here.”

The mission was open to all industry sectors and businesses within the purview of Prince George's County. A significant mission goal was increasing investment and promoting sustainable and inclusive economic growth for local companies.

While in Kenya, the delegation had unique opportunities to meet with U.S. Ambassador Meg Whitman. They discussed the possibility of boosting Prince George's County and Kenyan business connections. In addition, local companies were matched with Prince George's County companies through the assistance of a State of Maryland consultant in Nairobi. Furthermore the U.S. Department of Commerce Commercial Services division supported our companies business-to-business (B2B) meeting through its Gold Key Service.

PGCEDC has organized several international trade missions over the last ten years. These missions enable Prince George's County companies to gain entry into global markets, identify export opportunities, meet potential business partners, and understand the business landscape.

For more information about PGCEDC's International Business Services visit: https://www.pgcedc.com/international-business-unit

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.

###

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

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