Prince George’s creating incentive fund to lure developers

Published March 19, 2011 4:00am ET



Prince George’s County is tired of losing out on shiny new developments and big-name tenants. That’s why officials are proposing a new $50 million economic development fund that would entice builders who will bring new jobs and increase the suburban county’s tax base.

“There are hundreds of deals not done because there’s a [financial] gap that couldn’t be closed,” said David Iannucci, an economic development team member. “For the first time, we’re in a position to help commercial projects go forward that otherwise might be stalled.”

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