Reference No. CR-132-2025    Draft No. 1
Type: Resolution Status: introduction and referral
Meeting Body County Council
Meeting Date 10/14/2025
Introduced Date Public Hearing Date
Effective date:    
Title: A RESOLUTION CONCERNING PRINCE GEORGE’S COUNTY ENTERPRISE ZONE for the purpose of endorsing the proposed redesignation of the Prince George’s County Enterprise Zone Focus Areas.
Proposers/Sponsors: County Executive
Attachments: 1. R2025132, 2. CR-132-2025 Attachment A, 3. CR-132-2025 Attachment B, 4. CR-132-2025 Attachment C, 5. CR-132-2025 Attachment D, 6. CR-132-2025 Attachment E, 7. CR-132-2025 Summary, 8. CR-132-2025 Transmittal
Contact: Lori Valentine

Title

A RESOLUTION CONCERNING PRINCE GEORGE’S COUNTY ENTERPRISE ZONE for the purpose of endorsing the proposed redesignation of the Prince George’s County Enterprise Zone Focus Areas.

 

Background

The Prince George's County Economic Development Corporation is currently preparing an application to the Maryland Department of Commerce for recertification of the Enterprise Zone Focus Areas.  The Enterprise Zone Program provides significant County real property tax credits and state income tax credits to eligible businesses and property owners. 

 

The existing Focus Areas must be recertified by October 15, 2025 in order to remain within the current Enterprise Zone. This application includes all of the current Focus Areas and does not add any new designations.  If approved by the State, property and businesses owners will be eligible to apply for the Focus Area incentives for five more years.  This program will help us support our existing businesses, attract new businesses, create new jobs, and enhance the tax base of the County.

 



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