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Prince George’s County panel urges targeted industries, incentives and permitting fixes to grow commercial tax base
Summary
Economic development leaders and county staff urged shifting from incentive-driven deals to industry targeting (health, IT, research, sports/entertainment), leveraging a $50 million EDI fund and using TIFs/PILOTs, while council members pressed for better coordination, branding and faster permitting to retain businesses.
Panelists at the Prince George’s County council retreat recommended a more intentional economic‑development strategy focused on targeted industries, coordinated permitting and stronger branding to capture retail, tourism and high‑wage jobs.
Tracy Benjamin, Deputy Chief Administrative Officer for Economic Development, told the council the county should move from "incentive‑driven development" to "intentional revenue generation" by courting industries that fit local assets such as transit stations and proximity to airports. Benjamin said the county’s Economic Development Incentive (EDI) fund—initially seeded with $50 million—has leveraged more…
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