The Prince George’s County Economic Development Corporation recently took its signature networking event, “Thirsty (for Business) Thursday,” to another level, as more than 300 people gathered at the Marlton Golf Club in Upper Marlboro to network and celebrate ‘Economic Development Week’ in Maryland.
EDC President and CEO Jim Coleman, who highlighted the economic development achievements that are taking place in Prince George’s County, announced the most recent recipients of the county’s $2 million Video Lottery Terminal Small Business FLEX Fund.
“I’ve said it before, and I’ll say it again; Prince George’s County is on fire. The word is getting out that Prince George’s County is the best place to do business,” Coleman said. “Thanks to the leadership of County Executive Rushern Baker and great partners like FSC First, our small and minority businesses are thriving, our median household incomes are rising faster than the state’s median household incomes, and we have $10 billion in development projects in the pipeline. It’s truly morning in Prince George’s County.”
This year, the county celebrated with a resolution from the County Council recognizing that Prince George’s County’s Economic Development Corporation, FSC First, and the Conference and Visitors Bureau are important components of Maryland’s economic success.
Guest speaker Shelly Gross-Wade capped off the evening by announcing to the over-capacity crowd that Children First Community Urgent Care in Bowie was the first local business to receive funding from the VLT Small Business FLEX Fund.
The FLEX Fund is part of the state’s Small, Minority and Women-Owned Business Account that provides 1.5 percent of the proceeds from video lottery terminals in targeted areas surrounding Maryland casinos.
FSC First is one of Maryland’s two minority VLT fund managers and assists businesses that cannot qualify for any other FSC First loan programs, but have a sound business plan, proven operation principals and realistic growth potential.