Prince George's County Council - Reference No. CB-001-2024

• Reference No.: CB-001-2024
• Draft No.: 3
• Type: Council Bill
• Status: Enacted
• Meeting Body: County Council
• Meeting Date: 11/12/2024
• Introduced Date: 10/15/2024
• Public Hearing Date: 11/12/2024 @ 10:30 AM
• Effective date: 1/28/2025
• Title: AN ACT CONCERNING MINORITY BUSINESS START UP FUNDS for the purpose of adding businesses that are located within the beltway to the Prince George's County Business Expansion and Start-Up Grant Program; adding businesses that are located within the beltway to the Prince George's County Business Expansion and Start-Up Loan program; creating a set aside of twenty-percent (20%) for qualifying businesses within the beltway; defining a County goal of servicing at least fifty-percent (50%) of qualifying businesses that are located within the beltway (the area in the County between the border with the District of Columbia and the Capital Beltway) or within one-quarter mile of a transit station, or within one of the primary or secondary growth sectors outlined in the Approved Economic Development Strategic Action Plan for Prince George’s County within the next five (5) years, and other related provisions.
• Proposers/Sponsors: Krystal Oriadha, Wala Blegay, Jolene Ivey, Eric C. Olson, Sydney J. Harrison, Thomas E. Dernoga, Calvin S. Hawkins, Edward P. Burroughs, Ingrid S. Watson, Wanika Fisher
• Code sections: 10-336 -
• Contact: Amanda Denison, Chief Legislative Attorney

Date	Ver.	Action By	Action	Result
12/13/2024	3	County Executive	Unsigned
11/12/2024	3	County Council	public hearing held
11/12/2024	3	County Council	enacted	Pass
10/15/2024	3	County Council	introduced
4/30/2024	2	County Council	deferred
3/14/2024	1	Government Operations and Fiscal Policy Committee	Favorably recommended with amendments	Pass
2/22/2024	1	Government Operations and Fiscal Policy Committee	Held in Committee	Pass
2/6/2024	1	County Council	presented and referred

Title

AN ACT CONCERNING MINORITY BUSINESS START UP FUNDS for the purpose of adding businesses that are located within the beltway to the Prince George's County Business Expansion and Start-Up Grant Program; adding businesses that are located within the beltway to the Prince George's County Business Expansion and Start-Up Loan program; creating a set aside of twenty-percent (20%) for qualifying businesses within the beltway; defining a County goal of servicing at least fifty-percent (50%) of qualifying businesses that are located within the beltway (the area in the County between the border with the District of Columbia and the Capital Beltway) or within one-quarter mile of a transit station, or within one of the primary or secondary growth sectors outlined in the Approved Economic Development Strategic Action Plan for Prince George’s County within the next five (5) years, and other related provisions.

Background

There is a need in the County to provide financial assistance to African American Business Enterprises through loans and start up grants.  This bill proposes to add African American Business Enterprises to the Prince George’s County Business Expansion and Start-Up Grant Program as well as the Start-Up Loan Program with a focus on business in the entertainment sector.