Economic Development Committee Hears from our Neighbors in Prince George’s on Economic Development

Posted Date: 
June 9, 2011

From left to right: Carla Reid, Prince George's County Deputy Chief Administrative Officer for Economic Development and Public Infrastructure, Committee Co-Chair Stewart Edelstein, Executive Director Universities at Shady Grove and Aubrey Thagard, Prince George's County Assistant Deputy Chief Administrative Officers for Economic Development and Public Infrastructure.

Carla Reid, Deputy Chief Administrative Officer for Economic Development and Public Infrastructure and Aubrey Thagard, Assistant Deputy Chief Administrative Officers for Economic Development and Public Infrastructure from Prince George’s County spoke with the Economic Development Committee this morning. Committee Co-Chair Stewart Edelstein, Executive Director of the Universities at Shady Grove led the meeting on the Prince George’s County strategy and commitment to Economic Development.

Reid discussed many of the advantages that Prince George’s County has such as Federal agencies like the Food and Drug Administration, the IRS, the US Census Bureau, and academic assets such as the University of Maryland. Reid mentioned several economic development resources that have gone underutilized in Prince George’s County and how the EDIF looks to take advantage of those resources.  In order to do so, Reid has led a Strategic assessment process that had four goals: Reform and improve processes, target industry sectors, markets, and priorities, identify and align resources, and market and promote assets and resources.

Aubrey Thagard added the importance of attracting new business and economic innovation to the county. Specifically, Thagard described his efforts to revitalize established communities and improve public infrastructure through both short and long term planning including development around transportation projects like the Purple Line.

Thagard also discussed the current status and details of the EDIF, which is a $50 million one-time uncommitted fund balance that is dedicated to economic development.  The goals of the fund are expanding the tax base, promoting catalytic development, and retaining and attracting industry and commerce. 

MCCC Strategic Partners