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Governor O’Malley Announces Prince George’s County as an Enterprise Zone, Expanded and Renewed

Largo, MD - Governor Martin O'Malley announced that Prince George's County's Enterprise Zone has been expanded and re-designated with some changes to its Focus Areas. Enterprise Zones enable jurisdictions to provide businesses located within the zones with income tax and property tax credits to help create and retain jobs.

"We are pleased to approve the expansion and renewal of this zone, which will help sustain existing businesses and attract much-needed new businesses to help us achieve our most important goal of creating and retaining jobs," said Governor O'Malley. "Businesses located in the State's 28 Enterprise Zones have contributed to $2.7 billion in capital investment in Maryland so far in FY 2015."

The Prince George's County Enterprise Zone has been expanded by about 190 acres, and the Focus Areas have been amended and re-designated. The Zone expansion areas include Andrews Federal Campus and Branch Avenue/Woodyard Road. The changes to the Focus Areas include the expansion of the Central Avenue/Addison Road Metro and the inclusion of Glenarden/Landover Mall and Eastover/Southern Avenue. In addition, Martin Luther King Jr. Highway and Capitol Heights is part of the Focus Area re-designation. The Enterprise Zone is a critical component of the county's Transforming Neighborhoods Initiative.

"I want to thank the O'Malley-Brown Administration and the Maryland Department of Business and Economic Development for approving our application to re-designate and expand the Prince George's County Enterprise Zone," said Prince George's County Executive Rushern L. Baker, III. "The re-designation and expansion of our Enterprise Zone strengthens our ability to attract new businesses and create jobs in areas of the County that offer significant opportunities for transformative economic expansion. Additionally, the expansion of the Focus Areas in the Enterprise Zone includes portions of our Transforming Neighborhoods Initiative communities. This expansion provides a strong boost as we holistically approach improving our most socio-economically challenged neighborhoods through improved public safety, education, quality of life, and, in this case, providing access to quality job opportunities in Prince George's County."

Businesses operating within an Enterprise Zone may be eligible for a tax credit towards their state income tax filings based upon the number of new jobs created, and a tax credit on their local real property taxes based upon their overall capital investment into a property.

For Immediate Release
December 19, 2014

Media Contact:
Monica Biscoe, Communications Specialist
Prince George's County EDC
301.583.4622