Legislation Details

Reference No. CB-106-2026    Draft No.
Type: Council Bill Status: Third Reading
Meeting Body Planning, Housing and Economic Development Committee
Meeting Date 9/29/2026
Introduced Date 9/29/2026 Public Hearing Date
Effective date:    
Title: AN ACT CONCERNING ECONOMIC DEVELOPMENT INCENTIVE FUND for the purpose of transitioning the Economic Development Incentive Fund into a performance-based structure that rewards employers for doing business in the County; providing for the purposes and uses of the Economic Development Incentive Fund; providing for financial assistance and application and approval of awards; providing for selected definitions; and generally regarding the Economic Development Incentive Fund.
Proposers/Sponsors: Krystal Oriadha
Code sections: 10-284 - , 10-287 -
Attachments: 1. B2026106, 2. CB-106-2026 Summary, 3. CB-106-2026 Report, 4. CB-106-2026 PAFI, 5. CB-106-2026 M-NCPPC Comments
Contact: Kathy Canning

Title

AN ACT CONCERNING ECONOMIC DEVELOPMENT INCENTIVE FUND for the purpose of transitioning the Economic Development Incentive Fund into a performance‑based structure that rewards employers for doing business in the County; providing for the purposes and uses of the Economic Development Incentive Fund; providing for financial assistance and application and approval of awards; providing for selected definitions; and generally regarding the Economic Development Incentive Fund.

 

Background

This bill transitions the Economic Development Incentive Fund into a performance‑based structure that rewards employers for doing business in the County. The Economic Development Incentive Fund shall provide a performance‑based structure that gives preferences to and rewards employers who, including but not limited to: pay above County wage benchmarks; provide health and retirement benefits; create net‑new County‑based jobs and retain existing jobs for County residents; establish Registered Apprenticeships; hire County residents; locate in transit‑accessible or priority‑investment areas; partner with Prince George’s Community College, Prince George’s County Public Schools, Bowie State University and Employ Prince George’s; and retain jobs for a defined period.