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Economic Development Corporation Partners With Town Of Bladensburg For Economic Renaissance

(EDC President & CEO Jim Coleman (center) with EDC Team and the Better Bladensburg Block by Block and Business by Business Roundtable at Bladensburg Town Hall meeting)Largo, MD, March 21, 2016 - Today, EDC President and CEO Jim Coleman and his team met in their Largo headquarters with top executives of the Better Bladensburg Block by Block and Business by Business Roundtable (B5 Roundtable), a group of local businesses committed to the economy and enhancing the quality of life within the Town of Bladensburg. The group discussed how the Economic Development Corporation can utilize its resources to revitalize this historically important port town and bring increased prosperity to its residents and businesses. Today's meeting was a continuation of a stakeholder meeting the Prince George's County Economic Development Corporation (EDC) attended with Bladensburg Mayor Walter James, Councilmember Walter Ficklin and the B5 Roundtable earlier this month, in which Mr. Coleman committed to partnering Bladensburg to revitalize its business community.

"Bladensburg is a shining town on a hill with a long and rich business community, dating back to the 1800's and it deserves to be restored," said Mr. Coleman. "We are excited about the opportunity to assist this wonderful town in bringing back its vibrant economy. My team of professionals is already at work with plans to implement the Town's business sector plan, build management skills in its workforce and expose it to the developers and the capital it needs to make its business community successful. We are using in an economic renaissance. Bladensburg's best days are just around the corner."

According to Census data, the Town of Bladensburg has had its share of challenges over the years. Its current median household income is $34,966 compared to the County's median household income of $73,623. In addition, 11.8% of Bladensburg residents are below the poverty line, while 9.4% of residents County-wide are below the poverty line. Collectively, these numbers represent a great opportunity for a renaissance to take place in the Town of Bladensburg.

Through its 'Activate Prosperity' initiative, the EDC is positioning itself to work directly with the Bladensburg business community to introduce them to the millions of dollars in resources available through the Prince George's County Economic Development Corporation. Over the next few months, the EDC will be partnering with the Town of Bladensburg to create its own value proposition, attract more businesses and developments to Bladensburg, prepare its residents for high wage employment and restore its historical pride.

"We are very excited about partnering with the Prince George's County Economic Development Corporation and raise our businesses to a whole other level," said Carlyncia Peck, Co-Chair of the B5 Initiative. "We believe the EDC will allow our businesses to understand business in a way they have never understood it before and to bring prosperity right here to Bladensburg. We are truly looking forward to collaborating on a job summit and other activities later on this year."

To learn more about the Bladensburg economic renaissance and other EDC initiatives and events, follow the EDC on Facebook, LinkedIn and Instagram at PGCEDC. You can also follow us on Twitter @ExpandPGC.