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Committee holds Legacy Wealth construction incentive bill after procurement raises certification and funding questions
Summary
Council member Hawkins’ Legacy Wealth Construction Incentive Program (CB 86) was held by the Committee of the Whole on Oct. 21, 2025, after the Office of Procurement raised concerns about implementation, certification of "locally owned and operated" businesses and where reimbursement funding would originate.
Prince George’s County Council’s Committee of the Whole held CB 86, the Legacy Wealth Construction Incentive Program, for further drafting and interagency coordination after a substantive committee discussion and comments from the Office of Procurement on Oct. 21, 2025.
Why it matters: CB 86 would reimburse up to 50% of building or grading permit fees for projects that direct significant expenditures to county‑based minority‑owned businesses or locally owned and operated businesses. Sponsors say the incentive is intended to expand economic opportunities, grow the local tax base and help build generational wealth for minority and locally owned businesses.
What happened in committee: The sponsor, Council Member Hawkins, outlined the bill’s goals and argued that dollars spent with locally owned and operated businesses “circulate approximately seven times before leaving the county,” creating local economic growth. Committee members pressed administration officials and procurement on key operational questions, particularly: - Which businesses qualify under the bill’s definitions (the transcript reflects differences…
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