INTRODUCTION The opportunities to take advantage of these development catalysts are reflected in the strategies and actions laid out in this report. To address these issues, this plan focuses on three priorities: • Growth opportunities—Supporting innovation and entrepreneurship across and within targeted industry drivers. • Human capital—Cultivating talent and connecting Prince George’s County residents with economic opportunity. • Strong places—Improving places across Prince George’s County and enhancing the business development environment.
As visualized in Figure 3, Prince George’s County’s approach to focusing on economic drivers and addressing issues related to its development catalysts are inherently connected. This strategic action plan is not simply a cluster strategy, but instead seeks to advance the County’s economy by integrating its driving industries alongside and together with other economic development factors. This strategic action plan also seeks to cut across traditional silos and build partnerships across the County’s innovation, education, economic development, workforce development, and planning communities—all with a focus on improving livelihoods for current and future County residents.
Figure 3. Visualization of Plan’s Interconnected Strategic Focus
Integrated Strategic Focus on Evolving Economic Drivers and Emerging Issues Related to Development Catalysts Growth Opportunities: Support innovation + entrepreneurship across + within targeted industry clusters
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Economic Drivers: Core Clusters • • • •
Federal Government Information Technology and Services Hospitals and Health Services Research Intensive Industries: Biosciences, Instruments & Electronics, R&D and Engineering Services
Economic Development Strategic Action Plan For Prince George’s County
Human Capital: Cultivating Talent + Connecting Prince George’s County Residents with Economic Opportunity
Strong Places: Improving Places Across Prince George’s County + Enhancing the Core Business Environment
