The Prince George’s County Economic Development Corporation recently hosted a delegation of 10 investors from Nigeria interested in investment opportunities in the county.
EDC President and CEO Jim Coleman and his executive team welcomed the investors on May 16, assuring them they were in the right place at the right time.
“The lights are on in Prince George’s County and we are on fire with investment opportunities in every corner of the county,” Coleman said. “With 14 federal agencies in the county that procure over $100 billion annually to small businesses, and more than $10 billion in new projects in the pipeline, now is the best time to invest in Prince George’s County. People are coming [here] because they can see great things happening. It’s morning in Prince George’s County and we are ready for the migration.”
The delegation was largely interested in how the county was rebranding itself through steps county Executive Rushern Baker’s administration has taken to promote the stable and business-friendly environment that’s helped fuel the county’s hyper-growth economy.
Under Baker’s leadership, the county streamlined its permitting process and established the Department of Permitting, Inspections and Enforcement. The county has also established a $50 million Economic Development Incentive fund and implemented ethics reform to instill integrity and confidence in the county’s government.
“We were delighted with the presentation from the Economic Development Corporation,” said attorney Donna Wilson, who represented the investment group. “We’ve seen that it is a wonderful place to do business and we are so pleased that this office has welcomed us and offered its assistance in ways that we could not have anticipated.”
The investors said they are searching for mixed-use opportunities in Prince George’s County.
“I am impressed with the prospects available here,” said Kaydoe Amusan, CEO of Kamson Holdings in Lagos. “I am convinced that this is a place I need to invest. I now know what I need to do to get moving in Prince George’s County.”