Less than two months after deploying its platform at five intersections in Baltimore, AI-based traffic-management startup NoTraffic has secured a contract to install it at gridlock-prone crossings across the state of Maryland.
READ FULL STORY HERE
Maryland Sees Year-to-Date Job Growth of Over 40,000, Outpacing U.S. Average
BALTIMORE, Md., —Maryland’s employment growth continues to surpass the national average, with the state adding 7,100 jobs in November alone, including 5,400 in the private sector. Year-to-date, Maryland’s total employment has increased by an estimated 40,900 jobs, representing a 1.5% growth rate, compared to the national average of 1.3%, according to the latest preliminary data from the U.S. Bureau of Labor Statistics (BLS).
READ FULL STORY HERE
Gov. Moore Signs Executive Order To Bolster Maryland’s Economic Competitiveness
ANNAPOLIS, Md. — Governor Wes Moore signed an executive order to strengthen Maryland’s business climate and catalyze more economic growth in the state. The governor signed the order during a visit to the Frederick Hotel and Conference Center project site in Frederick—a public-private development project that is expected to generate $1.5 billion in new private sector spending over the next 25 years, more than 200 jobs, and more than $4 million in state and local tax revenue annually.
READ FULL STORY HERE
Bowie Business Innovation Center Celebrates Successes, Hosts InnovativeBowie!
The Bowie Business Innovation Center’s (BIC) 8(a) Accelerator Program, which combines business training, access to mentors, and structured networking activities to help federal government contractors secure new contracts, has been working hard and celebrating all at once.
READ FULL STORY BY RICHARD D. ELLIOT HERE
RECAP Video of PGCEDC's last EmpowerHER Global Business Summit ! Early Bird Tickets Now on Sale.
EARLY BIRD TICKETS ON SALE NOW!
Mark your calendars and save with these exclusive rates:
Early Bird Pricing (ENDS JANUARY 10th):
General Admission: $120
VIP Admission: $170
Secure your spot now and enjoy unbeatable rates for an unforgettable experience. Early bird tickets are limited!
Washington Commanders Tap Campbell's CEO Mark Clouse as Team President
The Washington Commanders have tapped Mark Clouse, the CEO and president of The Campbell’s Co., as its new team president overseeing the NFL franchise’s business operations.
He will begin his new role in late January, according to Tuesday’s announcement. His role will include planning the franchise’s next stadium.
READ FULL STORY BY DREW HANSEN HERE
Project Opportunity Awarded PenFed Foundation Grant to Support Entrepreneurship Training for Veterans in Maryland
TYSONS, Va., Dec. 12, 2024 /PRNewswire/ -- The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, today announced it awarded a grant to Project Opportunity, a free entrepreneurship training program offered to veterans in the State of Maryland. The grant supports the spring classes currently open for registration.
READ THE FULL STORY BY PenFed Foundation HERE
Concentra to Open in College Park; New Distillery in Upper Marlboro; Laurel Commerce Center Sold
Health care provider Concentra is planning to open a new location in College Park with a ribbon cutting ceremony on Dec. 12, roughly a mile away from their former location in Beltsville. Concentra operates a second medical facility in Lanham and 13 total locations across Maryland.
READ MORE AT THE WASHINGTON INFORMER BY RICHARD D. ELLIOT HERE
Developers to Kick Off $94M Residential Project Near Metro in Capitol Heights
A developer duo has won final entitlements for a $94 million multifamily project in Capitol Heights. It’s the initial phase of a larger development, and the first of several projects hoped to kick off revitalization of Metro’s Blue Line corridor through Prince George's, a key part of the county's economic development strategy.
Read more of the story on WBJ by Dab Brendal HERE
Creando Exitos Promo | Featuring La Casita Pupusería
PGCEDC Mexico Trade Misson
The trade mission to Mexico is taking place on
Wednesday, February 26th, 2025 – Sunday, March 2nd, 2025.
The cost to join PGCEDC on the trade mission is $1550 USD without hotel and airfare, but it includes meals, transportation, and access to B2B meetings and an agenda.
For more information contact Martin Ezemma muezemma@co.pg.md.us
NBC4 Washington Retiring Prince George's Economic Development Leader Reflects on Career, Future of the County
Reflections on Retirement: Honoring David Iannucci
As David Iannucci embarks on this new chapter, those who have worked with him are united in their appreciation for his leadership and friendship. They celebrate the milestones achieved under his guidance and the relationships and values that defined his career.
While his retirement marks the end of an era, David’s influence will continue to resonate in Prince George’s County and beyond.
Check out some recent reactions below!
Like, share, connect, and comment on the post click below!
Prince George's County Economic Development Corporation Releases Analysis of County's Economic Recovery from COVID-19 Pandemic
Prince George's County Economic Development Corporation (PGCEDC) has released a comprehensive analysis detailing the county's exceptional economic recovery following the COVID-19 pandemic. Conducted by Policy Navigators, LLC, the report highlights Prince George's County as one of Maryland's top-performing jurisdictions for job growth, demonstrating resilience and leadership during a challenging economic period.
The analysis compared job creation numbers in Prince George's County to eight other jurisdictions in Maryland and the state as a whole. It examined data spanning the pre-pandemic years, the initial economic impacts of COVID-19, and the subsequent recovery period.
Read Full Press Release Here
Early Bird Tickets : EmpowerHER Global Business Summit
Early Bird Tickets:
PGCEDC Presents
EmpowerHER Global Business Summit
PGCEDC's Annual Summit Celebrating International Women's Day Returns on March 14th, 2024
PGCEDC invites you to join our region's vibrant community of successful women entrepreneurs at the EmpowerHER Global Business Summit, held annually to celebrate International Women's Day. The summit is designed to celebrate the remarkable diversity of women in the business world and to forge connections with like-minded, successful entrepreneurs from across the globe. This summit is more than a conference. It's a vibrant gathering of women from various cultures, industries, and backgrounds who come together to share, learn, and inspire each other in their entrepreneurial journeys.
Listen and learn from successful women entrepreneurs and experts across multiple subject matters to EmpowerHER!
Join the County's best at the luxurious MGM National Harbor! Network with the stakeholders, deal makers, and the business community at large!
EARLY BIRD TICKETS ON SALE NOW!
Mark your calendars and save with these exclusive rates:
Early Bird Pricing (ENDS JANUARY 10th):
General Admission: $120
VIP Admission: $170
Secure your spot now and enjoy unbeatable rates for an unforgettable experience. Early bird tickets are limited!
State Program Supports Thousands of Small Business Jobs
Maryland’s Small, Minority and Women-Owned Business Account (SMWOBA) helped leverage more than $16 million in private sector capital during the last fiscal year.
The figure comes from the Maryland Department of Commerce’s latest annual program report , detailing how the state program benefitted small businesses throughout the state.
More than 170 business entities were supported by the SMWOBA program in fiscal year 2024, receiving a total of $21.3 million in financial assistance. The program also helped small businesses create 732 new jobs and retain 1,866 jobs across Maryland.
READ THE STORY AT MARYLAND.GOV HERE
Washington Informer County Welcomes New Businesses Including BBQ
Several new businesses have opened across Prince George’s County, with more soon to come. The grand opening of Prince George’s first Roaming Rooster will be held at Glenarden’s Woodmore Towne Center on Dec. 5 at noon, where the first 100 customers will receive a free chicken sandwich.
READ FULL STORY AT THE WASHINTON INFORMER HERE
University of Maryland Welcomes The Pink Bakery; Offers Inclusivity in Every Bite for Campus Dining
The University of Maryland is raising the bar for allergen-friendly dining by welcoming The Pink Bakery to its acclaimed Purple Zone, a designated allergen-free dining area. This move reflects the university’s dedication to creating an inclusive dining experience for all students, particularly those managing severe food allergies and dietary restrictions.
READ THE FULL STORY AT PR.COM HERE
Governor Moore Announces Maryland Soft Landing Exchange Business Incubator and Accelerator Program Now Open
Governor Wes Moore today announced that applications are being accepted for the Maryland Soft Landing Exchange Program, which allows Maryland companies to explore international markets at a reduced cost by connecting them with business incubators and accelerators abroad. The program, administered by the Maryland Department of Commerce, is designed to support companies who are ready to expand their existing export capabilities, and serves as an important enhancement to existing state export assistance.
READ THE FULL STORY ON CITYBIZ HERE
Refresh Health Grand Opening and Ribbon Cutting
Congratulations and Thank You to everyone who joined PGCEDC for the Grand Opening and Ribbon Cutting Ceremony of Refresh Health, a Direct Primary Care (DPC) practice founded by Dr. Spradley.
The event celebrated the launch of a new approach to healthcare. Guests toured the facility, enjoyed refreshments, and learned about the benefits of their membership based model. EDC's Alexis Allen-Shorter Director of Business Development Health & Life Sciences worked with them every step of the way to ensure their success!
We’re excited to start this journey of redefining healthcare in Prince Georges County.
Expansions Starts Here!