Prince George's Site Selected For New $1.4B Federal Paper Money Printing Facility

PRINCE GEORGE'S COUNTY, MD — The U.S. Bureau of Engraving and Printing will construct a new $1.4 billion facility on 104 acres in Prince George's County at the U.S. Department of Agriculture’s Agricultural Research Center. The building will house a new state-of-the-art and environmentally conscious production facility to print U.S. paper currency and other federal security products.

“Over the past three years, the U.S. Bureau of Engraving and Printing and the state of Maryland have worked closely on evaluating the potential for this Beltsville facility and determining how we can best work together to make this project successful,” Gov. Hogan said during an announcement of the new project. “Learning that the land has been transferred is another step in the right direction for moving this project forward. We look forward to seeing the bureau and its hundreds of employees call Maryland home.”,>

The bureau currently is in the design stage of the project and plans to wrap up design development by summer 2023. Construction of the new facility, which is being managed by the U.S. Army Corps of Engineers’ Baltimore District, is anticipated to be completed by early 2027, with currency production starting mid-year 2027. The BEP is expecting to house at least 850 workers on site, with 600 additional employees working remotely.,>

The state and the Maryland Department of Commerce have supported the project since the bureau announced Maryland was being considered for the new site in 2019. ,>

“Maryland is the perfect location for BEP’s new production facility,” Maryland Commerce Secretary Mike Gill said. “More than 60 federal agencies call Maryland home, along with dozens of military facilities and federal research and development labs. This Beltsville site will provide the convenience the BEP needs to increase its production and advance its manufacturing process, while providing a quality workplace for its employees.”,>