Recently released data from the State of Maryland’s Department of Labor, Licensing and Regulation (DLLR) shows that Prince George’s County 3Q 2016 jobs numbers reached a new high for the Baker Administration at 313,192. Measured from the corresponding 3Q 2013 data, this is an addition of 15,070 jobs over a 36 month period. This is the highest level of 3Q jobs reported in Prince George’s County since 2007, before the beginning of the impacts of the Great Recession.
“Six years ago, I stated that Prince George’s County would become the economic engine of this region and state,” said Prince George’s County Executive Rushern L. Baker, III. “The reactions I generally received to that declaration was that I was being very optimistic and hopeful, or they were patronizing, assuming that I was naïve. But I knew that we had the location, the resources, and, most importantly, the residents and a business base to make this happen. We all needed to start rowing in the same direction, and we have.”
Prince George’s County led the state in 3Q job growth over the past 12 month reporting period with 7,850 new jobs, or 22% of the State’s total job growth: when the MGM National Harbor’s 3,600 new jobs are added, Prince George’s County will be able to claim job growth of over 18,000 new jobs. These jobs are a result of the more than $9 billion in various projects in recently built, under construction, and pipeline economic development in the County. In addition, it is a reflection of the hard work and dedication of our private sector partners. Prince George’s County unemployment has dropped to 3.9% currently from 7.8% in 2010.”
Prince George’s County led the state in 3Q job growth over the past 12 month reporting period with 7,850 new jobs, or 22% of the State’s total job growth: when the MGM National Harbor’s 3,600 new jobs are added, Prince George’s County will be able to claim job growth of over 18,000 new jobs. These jobs are a result of the more than $9 billion in various projects in recently built, under construction, and pipeline economic development in the County. In addition, it is a reflection of the hard work and dedication of our private sector partners. Prince George’s County unemployment has dropped to 3.9% currently from 7.8% in 2010.
Under the Baker Administration, the County created the new Department of Permitting, Inspections and Enforcement that eliminated red tape and redundancy resulting in a more business friendly regulatory environment. County Executive Baker also created the $50 million Economic Development Incentive Fund (EDI Fund) that has been utilized to attract, retain, and expand businesses located in the County, with $32 million in EDI Funds leveraging almost $750 million in private capital and investments. The County Executive has made five international economic development missions garnering economic interest and investment in the County from around the world. Finally, the County Executive passed sweeping ethics and oversight reforms that quickly changed the perception throughout the business world and announced that Prince George’s County is open and serious about attracting the biggest and best industries and companies.