Market Overview

Prince William County Reports Over 300 New Jobs and $33 Million in Intended Capital Investment from Economic Development Projects in the First Half of 2018

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The Prince William County Department of Economic Development today
released its 2018 Mid-Year Results, reporting over 300 new jobs and $33
million in intended capital investment from seven projects.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180801005695/en/

Prince William County Department of Economic Development 2018 Mid-Year Results. (Graphic: Business W ...

Prince William County Department of Economic Development 2018 Mid-Year Results. (Graphic: Business Wire)

The projects reflect the continued growth and diversification of the
County, with 4 expansions of existing businesses and 3 new businesses,
all operating across a broad spectrum of industries including,
engineering services, specialty trade contractors, commercial real
estate, life sciences and a sports and recreation destination venue.

"Prince William County is the Greater Washington metropolitan region's
‘workforce growth engine' and the most cost-efficient strategic
location, providing direct access to regional and international consumer
markets," said Jeff Kaczmarek, Executive Director, Prince William County
Department of Economic Development. "Coming off a
successful 2017
, when we closed 19 projects expecting to create
almost 1,000 new jobs, we are on track for another successful year – our
project pipeline is strong as well as our talent
pipeline
."

Below are some of the mid-year highlights, in brief:

  • 307 new jobs created;
  • $33 million in intended capital investment;
  • 8,254 instances of support were delivered to the existing business
    community;
  • 33 projects in the pipeline;
  • 50 networking and tradeshow events attended;
  • 129,632 At-place employment (as of Q42017); and
  • More than 22,000 unique website
    visitors.

In addition, the County joined George
Mason University (Mason)
in celebrating the opening of the Potomac
Science Center
. Newly located along Belmont Bay near the mouth of Occoquan
River, this 50,000 square foot research facility houses laboratories,
lecture rooms, event space, outdoor trails and a library resource
center. Prior to this, the United
States Tennis Association Mid-Atlantic
announced that it will locate
its brand new headquarters and state-of-the-art tennis facility in
Innovation Park, which is due to be completed by 2021. Innovation Park
also welcomed a new events center with the planned restoration of the
historic Birkett Barn now renamed Sweeney
Barn
. Nestled on 5 acres, the venue is slated to open in 2018 and
house corporate events, weddings and live music concerts.

Want more Prince William County? Check out our latest
video
, sign-up
for newsletters
or visit us at: www.PWCEconDev.org
or @PWCDED.

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