Economic Development Strategic Action Plan For Prince George’s County

Page 23

INTRODUCTION Table 2. Summary of Emerging Issues to Address Through Strategic Priorities

Transportation Infrastructure

Federal Procurement

Technology Generation

Item

Assessment • High concentration of Federal and university research, technology and commercialization resources. • Key technology drivers in the County, most importantly University of Maryland, College Park and Bowie State University, have made both improvements in improving technology generation and commercialization and investments in supporting economic development. • Federal Procurement is driving the growth and success of driver industry clusters, especially in fields such as Information Technology Services and in Research-Intensive Sectors. • Procurement in Prince George’s County is driven by civilian agencies, most importantly the Department of Commerce and NASA, both of which have major locations with the County.

Opportunities • Leverage research and education anchors in the County, especially University of Maryland at College Park and increasingly Bowie State University and Prince George’s County Community College. • Continue to advance the Discovery District/Innovation Corridor as an important place-based development. • Better coordinate and take advantage of the growing entrepreneurship program efforts across higher education in the County. • Ensure local workforce can meet needs of federal government, as well as other employers in the County’s other targeted industry sectors. • Leverage the presence of the federal government to help encourage the proliferation of federal contractors, especially those in technology-oriented sectors which can encourage innovation and entrepreneurship through their spillover effects. • Enhance placemaking and develop amenities at transit-oriented districts to help increase the competitiveness of the County in attracting federal leases.

• A well-developed transportation network including access to both highways and mass transit, rail service by CSX and Norfolk Southern Railway, and close proximity to both BWI Airport and Ronald Reagan Washington National Airport.

• Build on excitement around developing placemaking around burgeoning live-work-play environments and transit-oriented developments (e.g., Discovery District, Largo Town Center, Bowie Innovation District).

• New developments like the Inter-County Connector (ICC) and the Purple Line area adding to this advantage.

• Consider approaches to accelerate placemaking and economic development, particularly as an opportunity to stem the outflow of more affluent, educated households.

Economic Development Strategic Action Plan For Prince George’s County

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Figure 12. Density of Research Intensive Businesses

8min
pages 116-119

Figure 11. Density of Information Technology Services Businesses

6min
pages 111-114

Figure 10. Density of Hospital and Health Services Businesses

1min
pages 108-109

Figure 7. Locations of Prince George’s County’s Downtowns and Other Targeted Investment Areas

29min
pages 79-99

Figure 9. Density of General Services Administration Offices

2min
pages 105-106

Table 5. Select Characteristics of Prince George’s County Residents by Commuting Status

36min
pages 58-76

Appendix 1: Assessment of Prince George’s County’s Economic Drivers

1min
page 100

Human Capital: Cultivating Talent and Connecting Prince George’s County Residents with Economic Opportunity

1min
page 57

Strong Places: Strengthening Places Across Prince George’s County and Improving the Core Business Environment

1min
page 77

Table 4. Summary of Emerging Issues to Address Through Strategic Priorities

21min
pages 44-56

Strategic Framework for Advancing a Strategic Action Plan for Economic Development

2min
page 17

Table 3. Outline of Strategic Action Plan

1min
pages 31-34

Figure 4. Leading Research Institutions in Prince George’s County by Publications (2012–2019)26 Figure 5. Growth in Federal Procurement in Prince George’s County by Agency ($, thousands

15min
pages 37-43

Table 2. Summary of Emerging Issues to Address Through Strategic Priorities

4min
pages 23-25

A New Trajectory for Economic Development in Prince George’s County, Maryland

2min
page 13

Figure 3. Visualization of Plan’s Interconnected Strategic Focus

10min
pages 26-30

Building on Economic Development Momentum in Prince George’s County

2min
page 14

Table 1. Strengths and Opportunities in Driving Industry Clusters

10min
pages 18-22
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