Title
A RESOLUTION CONCERNING OWN THE BLOCK EDUCATION INITIATIVE for the purpose of directing the Prince George’s County Economic Development Corporation to develop and offer an educational program to County residents on the fundamentals of commercial real estate investment.
Body
FOR USE BY COUNCIL ADMINISTRATION:
Confidential: Yes / No
Requested by: Shayla Adams-Stafford
Assigned to: Josh Hamlin
Legislastion Type: Resolution
Need by Date: ASAP to meet August 7th drafting deadline ahead of fall Council session starting
Background Necessitating Legislation:
There appears to not be enough commercial real estate owners that are Prince George’s County residents.
Prince George’s County residents have concerns about commercial real estate and their uses.
Prince George’s County residents do not have proper real estate literacy as it relates to owning spaces for production and retail; commercial real estate.
Residents within our county need to have internal owners that own spaces such as town centers with meaningful stores, office spaces, etc.
With this comes the need for commercial real estate literacy for all Prince George’s County residents.
Sample Legislation:
N/A no draft legislation but the key goals of the legislation are as follows:
To direct the Economic Development Corporation to Design an “Own the Block” course which teaches fundamental principles of commercial property ownership for Prince George’s County. Key themes of the courses can include:
Catalogues for commercial properties
Teaching how to propose property acquisitions for grant funding opportunities
Teaching residents how to raise capital funds; etc.
Special Instructions/Concerns/Time Critical Information:
Council woman Shayla Adams-Stafford and the District 5 office is hoping to get this resolution based legislation in the works as soon as possible.
Agencies or Individuals to Contact:
- Economic Development Corporation: 301-583-4650
- ...
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