Economic Growth
Economic Prosperity in Prince George’s County
Prince George’s County boasts a strong and diverse economic foundation. With its proximity to Washington, D.C., the presence of federal agencies, a thriving regional economy, and a skilled, diverse workforce, the County is well-positioned for continued growth and addressing the number of uninsured citizens.
It also presents opportunities for improving community health, including the Health Enterprise Zone initiative, urban agriculture, and public-private partnerships.
Economic Building Blocks
Strategic Location & Infrastructure
Prince George’s County’s well-developed transportation network includes:
- 15 Metro stations
- 3 major airports
- Rail lines and access to key highways
This connectivity enhances access and appeal for residents, businesses, and investors alike.
Economic Development Support
The Prince George’s County Economic Development Corporation (EDC) plays a vital role in:
- Attracting, retaining, and expanding businesses
- Creating job opportunities
- Growing the commercial tax base
High-Growth Industry Sectors
According to the 2013 Economic Development Strategic Plan and the 2010 Industrial Needs and Employment Study, several sectors offer strong growth potential:
- Federal government operations
- Business services
- Healthcare and life sciences
- Information and communication technology
- Advanced technology industries
Strength of the Industrial Sector
The 2010 Industrial Needs and Employment Study also emphasizes the importance of industrial production, distribution, and repair services. These sectors:
- Provide well-paying jobs
- Often employ individuals with less formal education
- They are more likely to hire locally
Workforce Trends
As noted in the 2011 Study of Occupational Shifts and Workforce Characteristics:
- The County has a strong pool of highly skilled talent
- However, 61% of employed residents commute outside the County for work
- These commuters tend to have higher education levels than those working within the County
Agricultural Growth Opportunities
The 2012 Urban Agriculture Study and the Priority Preservation Area Functional Master Plan outline strategies to strengthen agriculture, including:
- Supporting urban agriculture
- Creating new market opportunities for County farmers
- Using innovative tools to preserve and grow the agricultural economy
Economic Reports/Plans/Studies
- PGC Economic Development Strategic Plan – The Economic Drivers & Catalysts: A Targeted Economic Strategy for Prince George’s County, MD.
- Economic Development Strategic Action Plan for Prince George’s County
- Town of Edmonston Economic Development Strategy
- City of New Carrollton Economic Development Strategy
