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Economic Development Corporation Launches Partnership With Major Real Estate Management Company To Attract And Retain Metro Area Businesses

(EDC President and CEO Jim Coleman with BECO Management Clients at Speakers Forum)Lanham, MD, June 8, 2016 - Over 50 top executives from small and mid-sized companies that lease space from BECO Management, came out to BECO Park in Lanham this morning to get expert advice about the types of resources that are available to expand their businesses in Prince George's County. Economic Development Corporation (EDC) President and CEO Jim Coleman, along with Team EDC and partners Roland Jones, Director, Prince George's County Office of Central Services and Stewart Smith, Business Development Manager, FSC First shared information about the millions of dollars in procurement opportunities and resources available to help Prince George's County businesses thrive and create jobs for County residents. They also encouraged companies to take advantage of the EDC's networking and matchmaking opportunities that can result in high growth for their business and generational wealth for their families.

"You are one connection away from being a millionaire!" said Coleman. "I want each one of you to be successful and wealthy in this County. And I also want you to be responsible for putting other County residents to work in high wage jobs. Small businesses like you are hiring the most. This County is built on you and your investment in your business. There's no reason that every one of you shouldn't be a millionaire."

BECO Management, a commercial property management company with offices in Lanham, Rockville, Northern Virginia, Owings Mills, North Carolina and Illinois, invited the Prince George's County Economic Development Corporation to talk with their clients as a part of its Speakers Series; one of the amenities provided to its tenants throughout its entire portfolio of properties. Through regular client meetings regarding workplace experience, BECO learned that companies were interested in how to enhance their businesses. To that end, the BECO Lanham office reached out to the EDC to coordinate an overview of the opportunities, services and programs available to local businesses in Prince George's County.

"We are extremely excited to have the Economic Development Corporation here today to speak to our tenants. It speaks volumes about how we work with our tenants on-site and try to attract new companies to our buildings," said Levi Cohen, Regional Director of Leasing, BECO Management. "Everything that we do at BECO is about delivering the best experience to our tenants and helping them to grow. Partnering with the EDC speaks volumes to what we are trying to do to help our tenants, our community and Prince George's County to meet their greatest potential."

The EDC Team spoke to the group, primarily made up of entrepreneurs and small to mid-sized businesses that are looking to expand their footprint in Prince George's County, about its Small Business Services such as business plan development and review assistance, entrepreneur mentorship, certification assistance, loan packing review, as well as its trainings, workshops and networking events. They also talked about the access to capital tools the EDC has at its disposal from the County's $50 million Economic Development Incentive Fund to assist companies with working capital, equipment and land acquisition, and the Hire Prince George's Program which encourages the job creators to cut their training costs in half when hiring local workers to the procurement workshops it hosts with the 14 federal agencies that spend billions each year with local businesses and call Prince George's County home.

"I want to thank BECO for bringing us this information. We desperately need it, being a small business and an entrepreneur," said Tracy Everett Duncan, Owner of MentorMe Drug Testing Services in Lanham. "I also want to thank Mr. Coleman and the Economic Development Corporation because they brought so much information to us. As a small business with a suite at BECO Park, there are times when we don't know where to start to increase our net worth. Today was an excellent beginning to new opportunities for me."

"Jim Coleman is electrifying, inspiring, and really brought it home to us. It made me so excited that we chose to locate our company in Prince George's County," said Stacy Cobb, Chief Procurement Officer, Crowned Grace International, a management consulting company in National Harbor. "The opportunities available through the EDC and in the County are amazing. I am getting ideas on how I am going to replicate this with my children. The opportunities are here. There is no reason that we can't have our own businesses and grow them in PGC."

For more information on how to gain access to capital, get assistance with writing a business plan or other business support services, contact Kisha Logan at 301-583-4650 or kvlogan@co.pg.md.us.

Join the EDC at its signature networking event, 'Thirsty (for Business) Thursday" on June 16th from 5:30 p.m. to 7:00p.m. at the Calvert Brewing Company, 15850 Commerce Court, Upper Marlboro, MD 20774. To RSVP, contact Nicole Edwards at naedwards@co.pg.md.us or 301-583-4650.