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EDC President & CEO Jim Coleman, Team EDC And Industrial Bank Kick Off 'Activate Prosperity Banking Tour'

Jim Coleman (far left), President & CEO of the EDC, with Industrial Bank Representatives.Largo, MD, April 1, 2016 - On Thursday, the Prince George's Economic Development Corporation (EDC) President & CEO, Jim Coleman along with members of Team EDC including Ebony Stocks, EDI Fund Business Development Specialist, met with Industrial Bank to kick off a partnership that will enhance distribution of the Economic Development Incentive (EDI) Fund to county businesses in order to create more jobs. The $50 million EDI Fund provides low interest loans with the goal to expand the county's tax base, create jobs and develop growth in key industry sectors.

This is the first in a series of meetings to create partnerships with local banks to expand access to capital through the EDI Fund in order to create more jobs in Prince George's County. 

"Our goal at the EDC is to partner with our local banking community to better support and satisfy the financing needs of all of our local businesses in Prince George's County," said Mr. Coleman. "We are committed to growing our County's economic base by offering all of our businesses the tools they need to succeed such as financing and tax incentives that fuel growth, workforce training services, site selection, consulting and business counseling services; all of which will ultimately result in record breaking growth within Prince George's County's economy."

To learn more about more about financing through the EDI Fund, contact Ebony Stocks at (301) 583-4610 or  epstocks@co.pg.md.us.