Prince George's County Economic Development Corporation

What Prince George's County Economic Development Corporation does

Prince George's County Economic Development Corporation (PGCEDC) is a 501(c)(3) quasi-governmental nonprofit economic development corporation established in 1983 and headquartered at 1801 McCormick Drive in Largo, Maryland. The organization functions as the county's primary economic development body, providing business attraction, retention, and expansion services to small and minority-owned businesses (95% of county businesses), federal contractors, retail and restaurant operators, international companies, federal agencies, and early-stage startups. Service delivery is organized into four operating units — Small Business Services, Latino Business Services, EDC International, and the Innovation Station Business Incubator (ISBI) — supplemented by a Business Outreach initiative that has engaged over 1,000 county businesses through dedicated sector-specialized directors covering Federal Contracting, IT/Cybersecurity, Health/Life Sciences, Retail/Restaurants, and International Business.

PGCEDC's core products combine physical infrastructure with service delivery. ISBI provides tiered co-working and office space ($175-$700/month) alongside the Catalyst Grant program, CEO Roundtables, Pitch Perfect funding prep, and partnerships with TEDCO, SCORE, MBIA, and InBIA. Foreign Trade Zone #63 offers county-wide duty deferral, inverted tariff benefits, and reduced merchandise processing fees for importers and exporters. An incentives portfolio channels programs such as the $50M EDI Fund, an 8,492-acre Enterprise Zone, Opportunity Zones, the High Technology Facilities Tax Credit, and More Jobs for Marylanders. Site selection services leverage GIS mapping, customized location analytics, and a LoopNet partnership to connect prospects to commercial property. Content and community engagement are delivered through PGCEDC TV (Expansion Starts Here podcast, Creando Exitos Spanish-language show, Business Spotlight, Takeout Tuesday, Healthcare In Sixty Seconds) and signature events including the State of the Economy Address, Women's History Month Luncheon, Multicultural Festival, and Climate Leadership Summit.

PGCEDC's revenue model is a hybrid of government appropriations, tax-deductible donations, tiered event sponsorships (Circle Partner Program: Bronze $50K-$54K to Platinum $150K-$162K annually), and ISBI incubator membership fees. The go-to-market motion is community-led and event-driven, deploying sector-specialized business development directors for direct field outreach while partnerships with SCORE (free counseling three days a week), TEDCO, FSC First, SelectUSA, the U.S. Commercial Service, and the Maryland Department of Commerce extend service capacity. The organization also pursues international expansion through trade missions to China, India, Korea, Nigeria, Cuba, and Brazil, and sister city relationships with the Royal Bafokeng Nation (South Africa), Cheonan City (Korea), and Changping (China).

Name

Prince George's County Economic Development Corporation

Legal name

Prince George's County Economic Development Corporation

Website

https://pgcedc.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Prince George's County Economic Development Corporation is a 501(c)(3) quasi-governmental nonprofit founded in 1983 that delivers business attraction, retention, and expansion services to small businesses, federal contractors, and startups in Prince George's County, Maryland, through its Innovation Station incubator, incentive programs, and signature events.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Administration of Economic Programs (9261), Administration of General Economic Programs (92611)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

Keywords

• Economic development services
• Business incubation programs
• Foreign trade zone operations
• Small business development
• Commercial site selection

Headquarters

HQ city

Temple Hills

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Technology or R&D, Infrastructure

Revenue model

1. Government Funding: As a quasi-governmental economic development corporation, PGCEDC receives funding from government sources including Prince George's County government to support economic development initiatives.
2. Donations and Contributions: The organization actively solicits donations from partners and supporters. It is a 501(c)(3) approved organization, making contributions tax-deductible. Monthly financial gifts can be arranged.
3. Event Sponsorships: The Circle Partner Program offers tiered sponsorships: Platinum ($150,000-$162,000), Gold ($125,000-$135,000), Silver ($75,000-$81,000), and Bronze ($50,000-$54,000). Additional event-specific sponsorships are available for signature events.
4. Incubator Membership Fees: ISBI offers various membership tiers: Co-Working Space ($225/month), Designated Co-Working Station ($325/month), Private Office ($400/month), Large Private Office ($700/month), and Virtual Office ($175/month).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels10 records

Core offering

Prince George's County Economic Development Corporation (PGCEDC) is a 501(c)(3) nonprofit economic development organization affiliated with Prince George's County, Maryland government. It provides investment incentives, business incubation, site selection, international trade support, and small business development services to attract, retain, and grow businesses in the county. The organization operates the Innovation Station Business Incubator, manages Foreign Trade Zone #63, runs a Circle Partner corporate sponsorship program, and connects businesses to capital, government contracts, and workforce resources.

Product overview

Prince George's County Economic Development Corporation operates as a government economic development organization providing a portfolio of business support products and services. The core offerings include the Innovation Station Business Incubator (ISBI) with various office space tiers, Small Business Services, Latino Business Services, EDC International with Foreign Trade Zone #63, Business Outreach, Bid Opportunities, and Site Selection Services. The organization also offers incentive programs including the EDI Fund, Enterprise Zone, and various tax credit programs. PGCEDC produces media content through its PGCEDC TV division including podcasts (Expansion Starts Here), Spanish-language show (Creando Exitos), Business Spotlight, Takeout Tuesday, and Healthcare In Sixty Seconds. The Circle Partner Program provides event sponsorship opportunities. These services are designed to attract, retain, and expand businesses in Prince George's County through comprehensive business development support.

Differentiator

Problem solved

Functional benefit

Brands

• Innovation Station Business Incubator: Elite business accelerator and entrepreneurial ecosystem hub providing turn-key office suites, virtual and collaborative co-working space for innovators, startups, and entrepreneurs in Prince George's County.

Products and services

• Innovation Station Business Incubator (ISBI) Elite business accelerator and entrepreneurial ecosystem hub providing turn-key office suites, virtual and collaborative co-working space, mentoring, and access to capital strategies for startups and small businesses in Prince George's County.
• Small Business Services
• Latino Business Services Specialized services for the Latino business community including exposure to leaders, one-on-one counseling, educational opportunities, networking, and connections to government agencies and partners.
• EDC International International business development services including export promotion, inbound investment facilitation, soft landing services for international companies, and trade mission organization.
• Foreign Trade Zone #63 County-wide Foreign Trade Zone providing duty deferral, inverted tariff benefits, reduced merchandise processing fees, and duty elimination on re-exported goods or waste for companies importing and exporting goods.
• Business Outreach Business development team that helps businesses navigate permitting, financing options, and workforce recruitment through direct outreach to county businesses.
• Bid Opportunities Portal connecting businesses to local, state, and federal contracting opportunities including Prince George's County Government, State of Maryland, and Federal Business Opportunities.
• Site Selection Services Commercial property site search and selection assistance using LoopNet partnership and GIS mapping tools to help businesses find suitable locations in Prince George's County.
• Circle Partner Program Annual corporate sponsorship program offering partners year-round access to Prince George's County signature events including Sports & Innovation Kickoff Reception, Preakness Brunch, Multicultural Festival, Climate Leadership Summit, and Veterans Luncheon.
• Incentives Programs Various tax credits and financial assistance programs including EDI Fund ($50M), Enterprise Zone, High Technology Facilities Tax Credit, Revitalization Tax Credit, Opportunity Zones, and More Jobs for Marylanders.
• Transit Oriented Development TOD site identification and development support leveraging Prince George's County's 15 Metrorail stations and transit infrastructure for mixed-use development projects.
• Current Programs (Workshops and Training) Educational workshop series including Tax Updates for Business Owners, Start Up Business Series, and Business English Essentials for non-native English speakers.

Quantifiable outcome

• Over 2,000 small businesses receive annual technical support, counseling, workshops, and training
• +2 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

14 partnerships are on record, tiered core and minor.

• LoopNetcoreTechnology or IntegrationLoopNet partnership brings comprehensive commercial real estate listings to the PGCEDC website. LoopNet generates over 5 million average monthly visitors and is the most comprehensive resource for commercial real estate online. The partnership enables businesses to explore county commercial assets and connect with EDC for location solutions.
• TEDCO (Maryland Technology Development Corporation)coreStrategic or Co-development PartnerTEDCO is a key resource partner for ISBI. They provide updates on funding information, and their BRIDGE Program helps entrepreneurs navigate Maryland's innovation ecosystem through business advising, technical assistance, legal resources, and strategic connections.
• SCOREcoreStrategic or Co-development PartnerSCORE provides free confidential business mentoring and advice at PGCEDC headquarters three days a week. SCORE counselors are working and retired executives offering startup guidance, business plan templates, and training workshops.
• MBIA (Maryland Business Innovation Association)coreStrategic or Co-development PartnerISBI is a member of MBIA, connecting the incubator to the broader Maryland business innovation ecosystem and resources.
• InBIA (International Business Innovation Association)coreStrategic or Co-development PartnerISBI is a member of InBIA, providing access to global incubator best practices and international entrepreneur resources.
• Maryland Tech CouncilcoreStrategic or Co-development PartnerISBI partners with the Maryland Tech Council for industry-specific resources and networking opportunities for technology companies.
• Employ Prince George'scoreStrategic or Co-development PartnerWorkforce development partner providing talent recruitment and training assistance for county businesses.
• Greater Prince George's Business RoundtablecoreStrategic or Co-development PartnerPartnership with the Business Roundtable for State of the Economy Address & Breakfast event, combining county and business community leadership.
• U.S. Commercial ServicecoreStrategic or Co-development PartnerPart of U.S. Department of Commerce's International Trade Administration providing comprehensive export and worldwide market exploration services for county companies.
• Maryland Department of CommercecoreStrategic or Co-development PartnerState partner providing services and resources for Maryland companies doing business internationally through its network of 18 worldwide offices.
• SelectUSAcoreStrategic or Co-development PartnerPGCEDC participates in annual SelectUSA conference sponsored by U.S. Department of Commerce, the nation's highest-profile FDI promotion event.
• Goldman Sachs 10,000 Small BusinessesminorStrategic or Co-development PartnerPartnership for CEO Popcorn Mastermind sessions with Goldman Sachs 10,000 Small Businesses coach Rod Bourn. Free for ISBI members, $25 for non-members.
• MGM National HarborcoreGTM or Marketing PartnerMajor anchor at National Harbor, attracts 10+ million visitors annually. EDC hosts events at venue including State of the Economy Address.
• Gaylord National Resort & Convention CentercoreGTM or Marketing PartnerAnchor at National Harbor, hosts major EDC events including Women's History Month Luncheon. 40th annual event held at venue.

Scale indicators18 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Maryland Department of Commerce: State-level economic development agency for Maryland with 18 worldwide offices. A broader, state-scale player that partners with PGCEDC while also serving overlapping international trade and business attraction mandates across the entire state.
• Greater Washington Board of Trade: Regional business leadership organization covering the broader Capital region including DC, Maryland, and Northern Virginia. Operates at a wider geographic and policy scale than PGCEDC and is an ecosystem peer in regional economic advocacy.

Regional players

• Invest Atlanta: Atlanta's public-private economic development authority. Comparable municipal EDC structure with business attraction, retention, and small business services, but serving a different metro market. Useful as a comparable model and sponsor benchmarking reference.

Direct peers

• Fairfax County Economic Development Authority: Fairfax County, VA's EDA, a county-level economic development organization competing for federal contractors and corporate relocations in the DC metro area. Comparable mission, larger scale, and overlapping target verticals including IT/cybersecurity.
• Anne Arundel Economic Development Corporation: Anne Arundel County, MD's EDC, a directly comparable county-level economic development corporation with overlapping business attraction, retention, and small business service offerings in the Baltimore-Washington corridor.
• DC Economic Partnership: Washington, DC's public-private economic development partnership promoting business attraction and retention in the District. Comparable EDC structure, overlapping federal contractor and corporate relocation focus, and shared DC metro competitive geography.
• Arlington Economic Development: Arlington County, VA economic development authority offering business incentives, site selection, and corporate attraction services in the same Capital region competitive set. Comparable county-level mission, federal-adjacent positioning, and small-team operating model.
• Howard County Economic Development Authority: Howard County, MD's quasi-governmental EDA offering business incentives, site selection, and small business services. Comparable Maryland county-level EDA structure with overlapping small business, innovation, and federal contractor programs.
• Montgomery County Economic Development Corporation: Maryland county-level EDC serving Montgomery County, MD. Directly comparable quasi-governmental economic development corporation operating in the adjacent DC metro jurisdiction with overlapping federal contractor and corporate relocation focus.
• Baltimore County Department of Economic & Workforce Development: Baltimore County's county-level economic development function covering business attraction, workforce development, and incentives. Comparable Maryland jurisdiction, county-government-affiliated structure, and small business support mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCuMcr8_3A6stfIFnfa9Jetg
• Xx.com/ExpandPGC
• Facebookfacebook.com/PGCEDC

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prince George's County Economic Development Corporation