Innovative Public-Private Partnership Delivers Two New Schools for Prince George's County Students

The opening of two new Prince George’s County schools demonstrates how infrastructure investment can serve both community needs and broader economic-development goals.

According to a GlobeNewswire release published by Markets Insider, more than 1,300 Prince George’s County students began the 2026–2027 school year in the newly built Templeton and Margaret Brent elementary schools. The schools are part of the County’s Blueprint Schools program, an innovative public-private partnership designed to accelerate the replacement and modernization of aging school facilities.

Templeton and Margaret Brent are the first two schools delivered under Blueprint Schools Phase II, which will ultimately deliver eight new schools. Prince George’s County Public Schools says the broader Blueprint initiative is part of one of the largest school infrastructure investments in the County’s history, with more than 30 schools expected to undergo improvements during the coming decade.

For the business community, the program demonstrates how public infrastructure investment can create an economic impact far beyond the finished buildings.

Progressive Education Partners, the consortium delivering Phase II, is responsible not only for design and construction but also for maintenance and rehabilitation of the schools throughout a 30-year operating period. That structure creates opportunities spanning construction, architecture, engineering, building systems, maintenance, energy efficiency and other professional and technical services.

The program also incorporates explicit minority-business participation requirements. According to project information published by Plenary, 30% of contract value is required to be paid to minority business enterprises, including minimum participation targets for African American-owned and women-owned businesses. The project also calls for good-faith efforts to direct a portion of MBE contracting to County-based minority businesses.

That component is particularly important from an economic-development perspective. Public investment has its greatest local impact when businesses located within the community are positioned to participate in designing, building, supplying and maintaining the infrastructure.

The Blueprint program has also introduced a Community Equity Investment Program that provides Prince George’s County residents with an opportunity to invest in the infrastructure project through the InfraShares platform, according to project partner Plenary.

The result is a model that connects physical infrastructure, private capital and community participation.

For Prince George’s County businesses, Blueprint Schools Phase II demonstrates that investments in public facilities can simultaneously address community needs and expand the marketplace for local contractors and service providers.

With six additional Phase II schools scheduled for delivery through 2028, the program represents not simply a school construction initiative, but an ongoing economic opportunity — one that reinforces the importance of ensuring County-based businesses are prepared to participate in major public and private investment taking place across Prince George’s County.

Original Article:
https://markets.businessinsider.com/news/stocks/innovative-public-private-partnership-delivers-two-new-schools-for-prince-george-s-county-students-1036643496

Prince George’s officials predict major development projects will bring 13,000 jobs through 2030

Prince George’s County is entering a period of major development that could create significant opportunities for construction firms, skilled trades workers and businesses positioned to support a growing pipeline of projects.

As reported by Ashley Clarke of The Banner, County workforce officials project nearly 13,000 construction and skilled-trade job openings through 2030, as large developments including the proposed Sphere at National Harbor and redevelopment opportunities surrounding the former Six Flags property move forward.

The scale of the expected development is notable. Employ Prince George’s President and CEO LaTara Harris told The Banner that officials anticipate approximately $10 billion in development projects, creating additional demand for electricians, plumbers, HVAC technicians, carpenters, welders, heavy-equipment operators and other skilled professionals.

The County’s construction sector already has a substantial economic footprint. Census estimates cited by The Bannershow approximately 47,749 Prince George’s County residents worked in construction between 2020 and 2024, representing nearly 10% of employed residents over age 16. County officials also report that the local construction industry has grown approximately 9% during the past five years.

The next challenge is ensuring that projected development translates into opportunity for County residents and businesses.

That requires more than job creation. It requires a pipeline connecting residents to apprenticeships and training while simultaneously helping local contractors increase their capacity to compete for work.

Training infrastructure already exists throughout the County and region. The Banner highlighted programs through ABC CraftMasters Academy in Beltsville, Prince George’s Community College’s Skilled Trades Center, IBEW Local 26, Steamfitters Local 602 and other apprenticeship providers. These programs can play an increasingly important role as employers compete for skilled workers.

For construction businesses, the coming development cycle also creates a reason to prepare early. Companies that strengthen bonding capacity, certifications, workforce pipelines, estimating capabilities and relationships with larger prime contractors will be better positioned when procurement opportunities emerge.

Sphere provides one example of how major developments can connect directly to that strategy. County Executive Aisha Braveboy has said the project committed to directing at least half of its construction spending to County small businesses, according to The Banner.

Prince George’s County’s development outlook suggests that construction will remain an important part of the local economy for years to come.

The larger economic-development opportunity is making sure the cranes rising across the County are accompanied by growing Prince George’s County businesses, stronger career pathways and a workforce prepared to build what comes next.

Original Article:
https://www.thebanner.com/economy/growth-development/sphere-construction-trade-apprenticeship-six-flags-6YVUV25CNNH3XELDXMTU47CIXA/

IonQ secures another $2B equity stake from Heights Capital

A new multibillion-dollar investment in College Park-based IonQ is further strengthening Prince George’s County’s position in one of the world’s fastest-developing technology sectors.

As reported by Nate Doughty of the Washington Business Journal, Heights Capital Management has made another $2 billion financial commitment to IonQ, marking its third investment in the quantum computing company in just over a year and bringing the firm’s investment in IonQ during that period to at least $7 billion.

IonQ announced October 14 that the new capital raise consists of common shares, pre-funded warrants and additional seven-year warrants. The College Park-headquartered company said the financing will help accelerate commercialization of its full-stack quantum computing platform and provide additional strategic flexibility as it expands its technology and operations.

For Prince George’s County, the significance extends beyond one company’s balance sheet.

IonQ operates within an increasingly concentrated technology ecosystem in College Park that includes the University of Maryland, Microsoft’s quantum research operations, the Quantum Startup Foundry, the Capital Quantum Benchmarking Hub and other research and commercialization assets. The County also recently hosted the Quantum World Congress, bringing researchers, investors, startups, government leaders and global technology companies directly into that ecosystem.

Large investments in an anchor company can create opportunities throughout a regional supply chain. As IonQ continues to commercialize its technology, the surrounding ecosystem may require more cybersecurity services, engineering talent, professional services, facilities support, advanced manufacturing capabilities, workforce development, government contracting expertise and technology vendors.

IonQ is also deepening its relationship with the University of Maryland. Earlier this year, the company and UMD announced a $7.5 million expansion of their QLab collaboration focused on quantum computing, networking and workforce development.

Taken together, these investments demonstrate why innovation clusters matter to local economic development. Research institutions generate talent and intellectual property. Growing companies attract private capital. Capital supports expansion and commercialization. Expansion creates opportunities for suppliers, startups, workers and additional companies seeking proximity to the ecosystem.

For Prince George’s County businesses, the quantum economy should therefore be viewed not simply as a highly specialized scientific field, but as an emerging commercial market.

IonQ’s latest investment provides another signal that significant capital is flowing into technology being developed from College Park — and that creates an opportunity for Prince George’s County to ensure more of the companies, talent and economic activity supporting that growth remain here.

Original Article:
https://www.bizjournals.com/washington/news/2026/10/14/ionq-heights-capital-management-investment.html

Watch: How Will Sphere Bring Money To Prince George’s? County Exec Braveboy Answers (Video)

The proposed Sphere at National Harbor represents more than a new entertainment destination. For Prince George’s County, the project could become a significant driver of business activity, tourism spending, contracting opportunities and long-term tax revenue.

As reported by Three|E 60, which highlighted an NBC4 Washington interview with Prince George’s County Executive Aisha Braveboy, County leaders are emphasizing the broader economic return expected from the project and how that activity can circulate throughout the local economy.

An economic analysis by Ernst & Young projects approximately $1.6 billion in economic activity in Prince George’s County during construction. Once operational, Sphere National Harbor is projected to generate more than $1.3 billion in annual economic impact in the County, including spending at hotels, restaurants, retailers and other businesses. The analysis also projects approximately $63 million annually in taxes generated within Prince George’s County and more than 7,000 full- and part-time jobs supported throughout the local economy.

For County-based businesses, the opportunity is particularly significant because the economic impact extends well beyond the venue itself. A major destination attracting an estimated two million-plus attendees annually creates demand for food and beverage providers, transportation companies, hospitality businesses, security firms, professional services, marketing and event companies, suppliers and other businesses serving visitors and the entertainment economy.

The construction phase also presents an immediate opportunity. County Executive Braveboy said Sphere has committed to directing at least 50% of construction spending to Prince George’s County small businesses and 40% to minority-owned businesses, according to reporting by Ashley Clarke of The Banner.

That commitment illustrates an important principle for large-scale economic development: attracting investment is only one part of the equation. The greater opportunity is ensuring that local businesses have the capacity, certifications, workforce and relationships necessary to participate when that investment arrives.

The Sphere project therefore has the potential to strengthen an entire business ecosystem around National Harbor. As Prince George’s County continues pursuing major entertainment, technology and mixed-use developments, the ability of County businesses to capture a greater share of the resulting contracts and visitor spending will ultimately determine how broadly that growth is felt.

For entrepreneurs and established companies alike, now is the time to prepare for the opportunities that large-scale development can create.

Original Article:
https://threee60.com/watch-how-will-sphere-bring-money-to-prince-georges-county-exec-braveboy-answers-video/

Planned Hyattsville Community Center Highlights the Role of Public Infrastructure in Economic Development

Hyattsville, MD — A proposed 87,000-square-foot multigenerational community center in Hyattsville could represent a significant investment in community infrastructure, supporting neighborhood vitality, recreational access, and the long-term economic competitiveness of Prince George’s County.

As reported by Alison Beckwith of The Hyattsville Wire on October 12, 2026, the Maryland-National Capital Park and Planning Commission (M-NCPPC) is developing plans for a new facility on the sites of the existing Prince George’s Plaza Community Center and the former Beth Torah Congregation.

The proposed center will include a swimming pool, gymnasium, fitness areas, group exercise rooms, and an elevated track. Additional amenities under consideration include educational spaces, youth and senior programming areas, athletic facilities, and outdoor recreational spaces. Hyattsville Wire

Investing in Infrastructure That Supports Economic Growth

While community centers primarily serve recreational and social needs, investments in public amenities can also play an important role in local economic development.

Modern recreational facilities contribute to the overall attractiveness of a community, helping create environments where residents, businesses, and families want to establish long-term roots.

For Prince George’s County, projects like the proposed multigenerational center can complement broader efforts to strengthen commercial districts, support neighborhood development, and enhance quality of life.

Accessible community infrastructure is also an important consideration for employers seeking locations that offer amenities and resources for their workforce.

Potential Opportunities for County-Based Businesses

The development of a large-scale community facility could create opportunities for local businesses across several industries.

As planning progresses, construction and related project activities may generate demand for contractors, suppliers, engineering firms, and professional service providers.

Once operational, the center could also support economic activity through increased visitation and demand for nearby restaurants, retailers, and service establishments.

These potential benefits demonstrate how investments in public infrastructure can contribute to a broader economic ecosystem, connecting community development with opportunities for business growth.

Community Input Will Help Shape the Project

M-NCPPC is inviting residents and community stakeholders to participate in the planning process and provide feedback on proposed amenities.

A public open house is scheduled for Tuesday, October 27, 2026, from 6:00 PM to 8:00 PM, at the existing Prince George’s Plaza Community Center, located at 6600 Adelphi Road in Hyattsville.

Community participation will help inform decisions about the facility's design and programming, ensuring the project reflects the needs of those it will serve.

As Prince George’s County continues to invest in its communities, projects such as the proposed Hyattsville multigenerational center demonstrate the connection between quality public infrastructure, strong neighborhoods, and sustainable economic growth.

Read the original article: How You Can Help Design Hyattsville's New Community Center — The Hyattsville Wire

Project information: Prince George’s Plaza Multigenerational Center — M-NCPPC

Kusshi Sushi's Expansion into Riverdale Park Signals Continued Commercial Growth in Prince George’s County

Riverdale Park, MD — Prince George’s County continues to demonstrate its appeal as a destination for regional business expansion, with upscale Japanese restaurant Kusshi Sushi preparing to establish a new location at The Station at Riverdale Park.

As reported by Alison Beckwith of The Hyattsville Wire on October 14, 2026, the restaurant will occupy 4501 Woodberry Street, the former location of Le Fantome Food Hall, which closed in 2025.

Since opening in Bethesda in 2018, Kusshi has expanded throughout the Washington, D.C., metropolitan region, building a presence in communities including Rockville, Silver Spring, Arlington, Tysons, and Reston. Its expansion into Riverdale Park introduces another established regional dining concept to Prince George’s County. Hyattsville Wire

Strengthening the County's Commercial Landscape

The arrival of Kusshi represents more than an addition to the County's dining scene. It highlights the importance of attracting established businesses to existing commercial developments while supporting the continued evolution of mixed-use destinations.

The Station at Riverdale Park has become a destination for shopping, dining, and residential living. The addition of a new restaurant concept can help strengthen the development's tenant mix, attract visitors, and generate additional activity for surrounding businesses.

By bringing an established restaurant into a previously occupied commercial space, the development also demonstrates how existing properties can be repositioned to support new business activity.

Creating Opportunities for Local Businesses

Restaurant expansions can contribute to local economic activity beyond their immediate operations.

New dining establishments have the potential to create employment opportunities, increase consumer spending, and generate demand for services such as food distribution, maintenance, marketing, and other business-to-business support.

For nearby retailers and service providers, additional restaurant offerings can also encourage visitors to spend more time within a commercial district, creating opportunities for increased customer traffic.

Kusshi's decision to expand into Riverdale Park reinforces the importance of maintaining vibrant commercial corridors that can attract investment while supporting the businesses already operating within them.

As Prince George’s County continues to grow, the ability to attract regional brands while fostering opportunities for local entrepreneurs will remain an important component of building a diverse and resilient economy.

Read the original article: High-End Japanese Restaurant Coming to the Station at Riverdale Park — The Hyattsville Wire

TEDCO Announces the Urban Business Innovation Initiative Entrepreneur-in-Residence Selections

Prince George’s County entrepreneurs will have expanded access to experienced business guidance through TEDCO’s newly structured Urban Business Innovation Initiative Entrepreneur-in-Residence Grant Program.

As reported by Citybiz and TEDCO, the initiative now encompasses two Maryland jurisdictions—Prince George’s County and Baltimore City—and is designed to expand entrepreneurial opportunities while strengthening Maryland’s innovation ecosystem. citybiz

Notably, the Prince George’s County Economic Development Corporation and Bowie State University Entrepreneurship Innovation Center were selected as Prince George’s County grantee organizations. Through the initiative, the organizations will collaborate with TEDCO on entrepreneur outreach, startup engagement and activities designed to advance the broader innovation ecosystem. TEDCO

Glen Hellman was selected as the Entrepreneur-in-Residence for PGCEDC, while Kiante Bush, Binta Mamadou and Tsega Tadesse were selected through Bowie State University’s Entrepreneurship Innovation Center. TEDCO

For Prince George’s County startups, access to experienced entrepreneurs and business leaders can help bridge an important gap between developing an idea and successfully scaling a company. Mentorship can help founders navigate strategy, market opportunities, business development and the challenges associated with building sustainable companies.

The initiative also strengthens the infrastructure surrounding Prince George’s County’s growing innovation economy. By connecting entrepreneurs with experienced advisors and established economic-development organizations, programs like UBII can help cultivate more locally grown companies, encourage innovation and position businesses for investment and long-term growth.

For Prince George’s County, the selection reinforces the importance of collaboration between economic-development organizations, higher education and statewide partners in building a stronger pipeline for entrepreneurship and technology-driven growth.

Original Source:
Citybiz — TEDCO Announces the Urban Business Innovation Initiative Entrepreneur-in-Residence Selections

Prince George’s Co. council votes to advance billion-dollar Sphere project

The proposed Sphere at National Harbor has taken another step forward, bringing Prince George’s County closer to potentially adding a major new entertainment and tourism destination to its economic landscape.

As reported by WTOP News, the Prince George’s County Council voted to advance legislation associated with the billion-dollar entertainment project planned for National Harbor. The Council reported that the legislation includes strengthened labor and community-benefit requirements and is scheduled for a final vote on October 27. Maryland Matters

The significance of the project extends beyond the venue itself. National Harbor already serves as one of Prince George’s County’s major tourism and hospitality destinations, and an attraction of this scale could generate additional demand for hotels, restaurants, transportation providers, retailers and entertainment businesses.

For County-based companies, the development could also create opportunities connected to construction, contracting, professional services and ongoing venue operations. Ensuring that local businesses and workers can participate in those opportunities will be an important part of translating a major destination investment into broader economic impact.

The Council's amendments require a Community Benefits Agreement and a labor peace agreement, reflecting an effort to connect the project's growth potential with tangible benefits for the surrounding community. Prince George's County Council

If the project receives final approvals and moves forward, Sphere could further strengthen National Harbor's ability to attract visitors from across the region and beyond—while reinforcing Prince George’s County's growing position in the tourism, entertainment and hospitality economy.

Original Source:
WTOP — Prince George’s Co. council votes to advance billion-dollar Sphere project

Hoyer, Lierman Shine Spotlight on Non-Profits in Prince George’s and Charles Counties

Nonprofit organizations play an important role in the economic strength of Prince George’s County, providing services that support residents while contributing to workforce development, community stability and employment.

As reported by The BayNet, Congressman Steny H. Hoyer and Maryland Comptroller Brooke Lierman recently visited nonprofit organizations in Prince George’s and Charles counties to highlight the work these organizations are doing in their communities. Congressman Hoyer’s office also reported that the visits were intended to discuss the organizations’ commitment to serving residents throughout Maryland’s Fifth Congressional District. Deja Vu

For Prince George’s County, the economic impact of a strong nonprofit sector extends beyond charitable services. Organizations that address workforce readiness, housing stability, food access and other community needs help remove barriers that can prevent residents from fully participating in the local economy.

That work also has implications for the County’s business community. A strong local economy depends on a stable workforce and communities where residents have access to the resources necessary to work, build careers and pursue entrepreneurship.

Recognizing and strengthening the County’s nonprofit ecosystem can therefore complement traditional economic-development strategies. Partnerships among government, nonprofits and the private sector can help address community needs while creating the conditions for businesses and residents to thrive.

Original Source:
The BayNet — Hoyer, Lierman Shine Spotlight on Non-Profits in Prince George’s and Charles Counties

Maryland offers grants to struggling businesses as Purple Line nears completion

As the Purple Line moves closer to completion, additional financial support is becoming available for small businesses that have endured years of construction-related disruptions along the 16-mile transit corridor.

As reported by Shirin Rajaee of FOX 5 DC, Maryland is offering grants of up to $50,000 to eligible small businesses affected by Purple Line construction. The project is now approximately 92% complete and will eventually connect Bethesda to New Carrollton in Prince George’s County through 21 stations. FOX 5 DC

The latest round of support is particularly important for businesses located along the Prince George’s County portion of the corridor. Construction can create significant short-term challenges for small businesses, including reduced accessibility, traffic changes and declining customer activity. Providing direct financial assistance can help established businesses remain in place as communities prepare for the economic opportunities that improved transit access can bring.

The Maryland Department of Transportation recently awarded $400,000 to 38 businesses, bringing total awards through the program to $3 million across 287 grants. Applications for the next round are open through November 7, 2026. Progressive Railroading

For Prince George’s County, preserving existing businesses along the corridor is an important part of ensuring that the economic benefits of the Purple Line reach the communities that have experienced its construction firsthand. Once operational, the line will provide new connections to Metro, MARC, Amtrak and other regional transportation networks, potentially expanding access to customers, employees and employment centers.

As the Purple Line transitions from a major construction project into a functioning economic asset, supporting small businesses today can help position Prince George’s County commercial corridors to capitalize on increased connectivity and future transit-oriented investment.

Original Source:
FOX 5 DC — Maryland offers grants to struggling businesses as Purple Line nears completion

State, university officials tout opening of new quantum research center

Prince George’s County continues to strengthen its position in the rapidly expanding quantum technology sector with the opening of the Microsoft Quantum Research Center in the University of Maryland’s Discovery District in College Park.

As reported by Pera Onal of Maryland Matters, state officials, University of Maryland leaders and quantum research representatives celebrated the opening of the new facility on September 22. The center represents another major step in Maryland’s Capital of Quantum initiative, a public-private effort launched in 2025 to accelerate investment in quantum computing research and commercialization.

Microsoft’s presence adds to a growing concentration of quantum companies establishing operations in and around College Park. Maryland Matters reports that IQM, Quantum Motion and Riverlane have also established or announced facilities in the Discovery District since Microsoft announced its plans for the research center.

For Prince George’s County, this concentration of advanced technology companies creates an economic development opportunity that extends beyond the quantum industry itself. Continued investment can generate demand for highly skilled workers while creating opportunities for County businesses that provide construction, engineering, cybersecurity, information technology, professional services, facilities support and other services needed by a growing technology ecosystem.

The location also strengthens the connection between research, workforce development and private-sector growth. Microsoft representatives cited the University of Maryland’s research capabilities, available talent and proximity to Washington, D.C., as factors supporting the company’s investment in College Park.

The broader Capital of Quantum initiative has already generated more than $500 million in pledged investments toward a $1 billion goal, according to the Governor’s Office, as reported by Maryland Matters. As the initiative develops, Prince George’s County businesses have an opportunity to position themselves alongside an emerging industry with potential applications ranging from pharmaceuticals and advanced materials to national security and computing.

The opening of the Microsoft Quantum Research Center further reinforces College Park and Prince George’s County as a growing destination for research-driven companies, talent and investment—and creates new possibilities for local businesses prepared to participate in the ecosystem.

Original Article:
Maryland Matters — Pera Onal, September 23, 2026

https://marylandmatters.org/2026/09/23/state-university-officials-tout-opening-of-new-quantum-research-center/

Laurel’s 2027 business support grants open for applications on October 2

Businesses in Laurel will soon have access to new funding opportunities designed to support storefront investment, business expansion and employment as the City prepares to open applications for its Fiscal Year 2027 business support grants.

As reported by The Business Monthly, applications open at 3 p.m. on Friday, October 2, for three programs: the Main Street Business Relocation Grant, Main Street Façade Improvement Grant and Returning Citizens Employment Grant.

For businesses operating within Prince George’s County, these programs demonstrate how targeted local investment can help reduce some of the costs associated with opening, improving and growing a business.

The Main Street Business Relocation Grant provides reimbursements of up to $10,000 to help businesses relocate or establish operations in vacant storefronts within Laurel’s Main Street area. By encouraging businesses to occupy available commercial space, the program can support both individual entrepreneurs and the continued economic activity of the surrounding business district.

The Main Street Façade Improvement Grant provides qualifying businesses with reimbursement ranging from $5,000 to $25,000 for approved exterior improvements. The program has a total grant fund of $50,000, with qualifying projects funded on a first-come, first-served basis.

Laurel’s Returning Citizens Employment Grant provides up to $10,000 to eligible businesses that hire a returning citizen. In addition to supporting employment opportunities, the initiative provides participating employers with resources that can help offset costs associated with expanding their workforce.

Together, these programs illustrate the role that strategic economic development investments can play in strengthening commercial corridors, encouraging business occupancy, improving the physical appearance of business districts and connecting residents with employment.

For Prince George’s County entrepreneurs, particularly those considering Laurel’s Main Street area, the upcoming application period represents an opportunity to explore resources that could support their next stage of growth.

Original Article:
The Business Monthly, September 30, 2026

https://bizmonthly.com/news/business/2026/09/laurels-2027-business-support-grants-open-for-applications-on-october-2/

Andrews Federal Credit Union develops Andrews in Action partnership, brings summer fun and community building to Prince George’s County

A partnership between Andrews Federal Credit Union and Prince George’s County is demonstrating how private-sector organizations can support community development while expanding access to financial resources for residents and businesses.

According to a press release published by CUInsight, Andrews Federal Credit Union contributed $50,000 to support County Executive Aisha Braveboy’s 311 On the Go initiative and increase access to resources, including financial education, for people who live and work throughout Prince George’s County.

The partnership was carried out through Andrews Federal’s Andrews in Action community engagement initiative. During the summer, credit union volunteers participated in free community events across the County that combined recreational activities with opportunities for residents to access financial resources and connect with neighbors and local business partners.

For Prince George’s County’s business community, partnerships of this kind can contribute to a stronger economic ecosystem by connecting financial institutions directly with the communities they serve. Greater access to financial education and trusted financial resources can help residents and entrepreneurs make informed financial decisions, while community events can create additional opportunities for businesses and institutions to build relationships at the neighborhood level.

The initiative also highlights the broader role financial institutions can play in economic development beyond traditional banking services. Collaboration among businesses, financial institutions, government agencies and community organizations can help make resources more accessible while strengthening connections between residents and the organizations investing in Prince George’s County.

Andrews Federal’s investment provides another example of how public-private partnerships can support community engagement and financial empowerment while helping create conditions for broader economic participation across the County.

Original Article:
CUInsight, September 28, 2026

https://www.cuinsight.com/press-release/andrews-federal-credit-union-develops-andrews-in-action-partnership-brings-summer-fun-and-community-building-to-prince-georges-county/

Falls Church firm snags light industrial building in Pr. George's for $15M

Falls Church firm snags light industrial building in Pr. George's for $15M

A $15 million industrial real estate acquisition in Capitol Heights is bringing a new investor into Prince George’s County and underscoring continued private-sector interest in the County’s industrial market.

As reported by Hannah Ziegler of the Washington Business Journal, 1788 Holdings LLC acquired a 103,000-square-foot light industrial property at 51 Ritchie Road in Capitol Heights. The acquisition marks the Falls Church-based company’s first property in Prince George’s County and its ninth in Maryland.

The transaction is significant for the County because industrial properties play an important role in supporting businesses across construction, logistics, distribution, manufacturing, contracting and other sectors that require flexible operational space and access to the broader Washington metropolitan market.

For Prince George’s County-based businesses, continued investment in industrial real estate can help maintain a pipeline of commercial properties capable of accommodating companies at different stages of growth. Industrial facilities can also support business-to-business activity by bringing property owners, tenants, contractors, suppliers and service providers into the same local economic ecosystem.

Capitol Heights’ position within the Washington metropolitan region makes the area particularly relevant for businesses that depend on regional connectivity. Investment from a company entering Prince George’s County for the first time also provides another indication of the County’s ability to attract capital from firms already active elsewhere in Maryland and the greater Washington region.

As investors continue to evaluate industrial opportunities throughout the region, transactions such as the 51 Ritchie Road acquisition highlight Prince George’s County’s role as a location where commercial real estate investment and business growth can intersect.

Original Article:
Washington Business Journal — Hannah Ziegler, September 28, 2026

https://www.bizjournals.com/washington/news/2026/09/28/1788-holdings-capitol-heights-industrial-purchase.html

State officials, quantum leaders celebrate new research center opening at UMD

Prince George’s County’s growing quantum technology ecosystem has gained another major research asset with the opening of a Microsoft-backed quantum research center at the University of Maryland. As reported by The Diamondback, Maryland officials, University of Maryland leadership, Microsoft executives and representatives from the quantum industry gathered to mark the center’s opening, strengthening the connection between academic research and one of the region’s fastest-emerging technology sectors.

The center adds to a growing concentration of quantum activity in and around College Park. For Prince George’s County, that concentration has the potential to translate scientific research into broader economic opportunity by attracting researchers, entrepreneurs, established technology companies and investment. Proximity between university researchers and private-sector companies can also accelerate collaboration and help move emerging technologies from laboratories toward practical commercial applications.

For County-based businesses, the opportunity extends beyond companies directly developing quantum technology. A growing innovation cluster requires a much larger support ecosystem that can include cybersecurity firms, government contractors, professional service providers, construction and facilities companies, workforce training organizations and other businesses capable of supporting expanding technology companies. The opening of the new research center further strengthens College Park’s role as a place where research, talent, entrepreneurship and commercialization can converge. As the quantum industry develops, Prince George’s County’s ability to connect its existing business community with that growth will be an important part of turning technological innovation into long-term local economic impact.

Read the original article: The Diamondback

Little Blue Menu Reopened in College Park

The reopening of Little Blue Menu in College Park highlights the importance of continued reinvestment in the restaurants and small businesses that contribute to Prince George’s County’s commercial corridors. According to College Park Life, the restaurant has reopened following updates that include streamlined kitchen operations, expanded menu offerings, additional ordering options and a dining room with approximately 100 seats.

For College Park, businesses like Little Blue Menu operate within a unique economic environment shaped by the University of Maryland, nearby employment centers, residents, students and an expanding technology and innovation community. Restaurants and retail establishments help turn that activity into a more complete commercial ecosystem by providing places for people to dine, meet, work and spend locally. Improvements that help established businesses adapt to changing customer preferences can therefore have an impact beyond an individual storefront.

From an economic development perspective, retaining and reinvesting in existing businesses is just as important as attracting new ones. Successful commercial corridors require a mix of businesses capable of serving residents while also capturing spending from students, employees and visitors. As College Park continues to experience investment connected to the University of Maryland and the Discovery District, a strong restaurant and retail environment can help support that growth, contribute to the community’s overall appeal and keep more economic activity within Prince George’s County.

Read the original article: College Park Life

THIS YEAR'S QUANTUM WORLD CONGRESS

This Year's Quantum World Congress

Quantum World Congress returns to College Park September 23–25, bringing leaders from across science, industry, government, finance and academia to Prince George’s County for three days focused on the rapidly advancing global quantum economy. Organized by Connected DMV through its Potomac Quantum Innovation Center initiative, the event will convene major technology companies, researchers, startups, investors and policymakers to explore quantum commercialization, cybersecurity, workforce development, investment and real-world applications. As reported by Quantum World Congress, this year’s event features participation from leading quantum companies including IonQ, Microsoft, IBM, Quantinuum, D-Wave, Atom Computing, Classiq and Infleqtion.

The decision to convene the global event in College Park also highlights Prince George’s County’s expanding role in the quantum technology landscape. The area is home to the University of Maryland’s extensive research ecosystem, College Park-based IonQ, Microsoft’s new Quantum Research Center, the Discovery District, the Quantum Startup Foundry and other organizations working across research, commercialization and entrepreneurship. Quantum World Congress describes College Park as representing the full quantum pipeline—from research and engineering to startup formation and commercial deployment.

For Prince George’s County businesses, that concentration of activity presents opportunities that extend well beyond companies developing quantum computers. A growing technology cluster requires cybersecurity expertise, professional and technical services, government contractors, workforce and training partners, facilities and infrastructure support, and businesses capable of serving companies and talent entering the region. Bringing international companies, investors and decision-makers directly into Prince George’s County also provides an opportunity to showcase the County as a destination for business expansion and emerging technology investment.

Quantum World Congress reported that its 2025 gathering attracted participants from more than 30 countries and 33 states, representing more than 500 organizations. Building on that momentum, the 2026 Congress further positions College Park as a meeting point for research, capital, talent, government and industry. For Prince George’s County, hosting an international gathering of this scale provides another opportunity to turn the region’s growing reputation for quantum innovation into new partnerships, business opportunities, investment and long-term economic growth.

Read the original article: Quantum World Congress – This Year's Quantum World Congress

Developer advances plan for 282 affordable multifamily units near New Carrollton Metro

A proposed affordable housing development near the New Carrollton Metro station is advancing plans to bring hundreds of new residences to one of Prince George’s County’s major transit-oriented communities. As reported by Hannah Ziegler of the Washington Business Journal, RST Development is proposing to replace the one-story commercial property at 7591 Annapolis Road with a six-story residential building containing 282 apartments. Nearly all of the units would be designated for households earning up to 60% of the area median income.

The project represents more than an expansion of the County’s housing supply. New residential development near transit can contribute to a stronger local business environment by increasing the number of residents living close to restaurants, retailers, professional services and other neighborhood amenities. New Carrollton’s connections to Metro and regional transportation also make the area an important gateway for workers, residents and businesses throughout Prince George’s County.

For the County’s business community, continued residential investment around New Carrollton can help create the population density needed to support additional commercial activity while improving access to the regional workforce. The development also reflects the broader role that attainable housing can play in economic development. When workers have more opportunities to live near employment centers and transportation, businesses benefit from a more accessible labor pool and communities are better positioned to retain household spending. As Prince George’s County continues to grow around its transit assets, projects that connect housing, transportation and commercial activity can contribute to stronger and more sustainable economic corridors.

Read the original article: Washington Business Journal

For Quantum World Congress, first year in Maryland marks jump forward

Prince George’s County is preparing to welcome the Quantum World Congress to College Park for the first time, bringing thousands of industry leaders, researchers, companies and innovators to a community that is increasingly becoming a center of the global quantum economy.

As reported by Mark R. Smith of The Business Monthly, the three-day Quantum World Congress begins September 23 at The Hotel at the University of Maryland after previously being held in Northern Virginia and Washington, D.C. Organizers expect the College Park event to be the best-attended Congress to date, with attendance running approximately 50% ahead of last year’s event, which drew just under 2,000 attendees. The exhibition floor, featuring approximately 50 exhibitors, is also sold out.

The move to Prince George’s County places the conference directly within an ecosystem that has played a significant role in quantum technology’s development. The University of Maryland, federal research institutions and a growing concentration of private-sector companies have helped establish the College Park area as a hub for research, commercialization and entrepreneurship.

That ecosystem includes College Park-based IonQ, as well as Microsoft, which has established a quantum research and development center in the Discovery District. The Business Monthly also highlights the Quantum Startup Foundry as part of the infrastructure available to smaller companies and startups seeking to establish and grow their operations in the area.

For Prince George’s County, hosting the Congress creates an opportunity that extends beyond the event itself. Companies and attendees from more than two dozen countries are expected to participate, giving the County an international platform to showcase its research capabilities, workforce, institutions and business environment to organizations actively looking for connections and opportunities within the quantum industry.

That visibility can translate into longer-term economic opportunities. As quantum companies move from research toward commercialization, proximity to universities, federal agencies, laboratories, talent and other technology companies becomes increasingly valuable. Prince George’s County brings those assets together within a growing innovation corridor.

The Congress also creates immediate opportunities for the local economy as thousands of attendees travel to College Park, supporting hotels, restaurants, transportation providers and other businesses while engaging with the County’s broader innovation community.

The bigger opportunity, however, is positioning Prince George’s County as a place where quantum companies can remain after the conference ends. With established industry players, startups, research institutions and additional companies reportedly in the pipeline for the Discovery District, the County has an opportunity to turn increased global attention into business attraction, investment and job creation.

Read the original reporting: The Business Monthly — “For Quantum World Congress, first year in Maryland marks jump forward”

PGC: Largo Station Project Moves Forward After Multi-Year Pause (269 Units)

A long-planned development near the Downtown Largo Metro station is moving forward again, signaling renewed investment around one of Prince George’s County’s key transit-oriented development areas.

As reported by Three | E 60 News, Gateway Merchant Banking is advancing plans for a six-story development featuring 269 apartments and approximately 2,000 square feet of ground-floor commercial space. The roughly 3.7-acre project is planned near Largo Drive West and Harry S. Truman Drive along Metro’s Blue Line.

The project was initially submitted in 2022 but was placed on hold amid rising construction costs and challenging financing conditions. After the original development approval expired in 2025, Gateway returned to the entitlement process, and the Prince George’s County Planning Board approved the project again in June 2026. The developer is now targeting a groundbreaking within six months, according to Three | E 60 News.

From an economic development perspective, the project’s return is significant because residential growth near transit can help create the customer density necessary to support restaurants, retailers, professional services and other neighborhood businesses.

Adding hundreds of households within walking distance of Metro also strengthens the broader vision for Downtown Largo as a mixed-use, transit-connected economic center. New residents can translate into increased daily foot traffic and consumer spending, while ground-floor commercial space creates additional opportunities for businesses to become part of the area’s growth.

The project's revival also provides a useful indicator of changing development conditions. Its earlier pause reflected pressures affecting projects throughout the region, including elevated construction costs and financing challenges. Moving forward again suggests that developers continue to see long-term value in Prince George’s County and in transit-oriented locations such as Downtown Largo.

For existing and prospective County businesses, development activity around Downtown Largo is worth watching. As residential density increases, so can demand for goods, services and amenities—creating opportunities for entrepreneurs and established companies to position themselves alongside the community's continued growth.

Read the original reporting: Three | E 60 News — “PGC: Largo Station Project Moves Forward After Multi-Year Pause (269 Units)”