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College Park releases annual economic-development report highlighting rising visitorship, new restaurants and concerns about federal layoffs
Summary
City economic development staff reported record visitorship and rising retail sales in 2024, detailed business‑assistance grants and new openings, and flagged potential local impacts from federal workforce reductions affecting more than 1,100 city residents.
City economic development manager Michael Williams presented College Park’s annual economic development report March 18, telling the council the city saw higher visitorship, brisk residential and commercial sales and continued restaurant openings in 2024 — while flagging risks tied to federal layoffs that may affect hundreds of local residents.
Williams said staff analytics tracked nearly 3 million visits within the city boundaries year-over-year (February 2024–February 2025) and reported retail sales above $360 million for calendar 2024 at monitored locations. He cited the Big Ten athletic calendar and the new Cambria Hotel and food-and-beverage openings —…
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