Strengthening Prince George's
Our Economic Development Platform
Strengthening Prince George’s is County Executive Angela Alsobrooks’ vision to build the commercial tax base by focusing economic development around transit hubs in the County. She and many other Prince George’s leaders are securing investments that will bring new jobs, affordable housing, amenities, and advance equity for all Prince Georgians. Strengthening Prince George’s begins with the people who already call it home.
This platform represents the County Executive’s vision for a new way of doing business in Prince George’s County. It will guide and influence the County’s economic development activity for generations, setting goals to guide policy and investments, and launching signature projects to demonstrate our commitment to a stronger, more vibrant Prince George’s.
Key Goals
- Job growth
- Increasing commercial tax revenue
- Increasing population (specifically inside the beltway and near transit)
- Preserving affordable housing and diversifying the County’s housing types
- Increasing areas in the County that have identifiable character and a sense of place
- Diversifying amenities (restaurants, retail, and entertainment venues) and eliminating food deserts
Visit Strengthening Prince George's at www.strengtheningpgc.com for more details.
Blue Line Corridor
The Blue Line Corridor represents an opportunity to create the next big destination for the County and region – a dense, multi-modal, amenity-rich sports and entertainment destination. The Blue Line Corridor will become a major economic engine for the County by catalyzing development, creating jobs, and incentivizing the development of a sports and entertainment-branded corridor.
The vision is not just about the Blue Line Corridor- it is an opportunity to craft a replicable model for place-based economic development throughout the County.
Blue Line Corridor Projects
- Development of newly branded Hampton Park with an investment of $250 million to consist of 100,000 square feet of retail space and nearly 400 residential units.
- The new $543 million University of Maryland Capital Region Medical Center opened in 2021 creating over 1,635 jobs in the Blue Line Corridor, in addition to construction being completed on the adjacent $80 million Cancer Center.
- $400 million to develop property around FedEx Field to include an amphitheater, a youth sports field house, a central library and cultural center, a Civic Plaza at the Wayne K. Curry Building, and a market hall.
Due to the County’s size, it can be easy to spread available resources and capacity across too many priorities and projects. By focusing on transforming key areas of opportunity into full destinations that meet all economic development goals, the Alsobrooks Administration is creating prosperity that will spread throughout the entire County.
Read more for detailed information on the Prince George’s County Economic Development Platform.
I sometimes hear people ask, “Why the Blue Line?” It’s because there’s public land that makes us ripe for public-private partnerships for development and because communities around these metro stations have missed out on investment for far too long.”
-County Executive, Angela Alsobrooks
Grand Slam
This economic development showcase and pre-solicitation event reveals projects and procurement opportunities soon to be available to the development community.
Previous Grand Slams
Business & Nonprofit Resources
Economic Development Incentive Fund (EDI) Fund
The Economic Development Incentive Fund focuses on the expansion of the County’s commercial tax base, job retention, and attraction, support for small and local businesses, promotion of development and redevelopment opportunities, transit-oriented development, and growth of key industry sectors.
Community Partnership Grant
The Community Partnership Grant (CPG) program is the main discretionary grant initiative offered by the Office of the County Executive to qualified nonprofit organizations based upon a set of criteria, including the value added to the identified community, overall program costs, organizational stability, and adequacy of other funding sources.
Geographic Development Incentives
Prince George’s County and the State of Maryland offer development incentives whose eligibility is either wholly or in part dependent on the location of a given project. We have developed an online mapping tool to assist prospective developers in determining the eligibility of locations for certain incentives.