Prince William County Government: Target Industry Program Survey Projects Positive Economic Impact

Press release from Prince William County Government:

Wednesday, 28 Jul 2021

Incentive programs reduce the costs of opening or expanding facilities in Prince William County. By assisting employers who want to invest their future here, the Prince William County Department of Economic Development (PWCDED) can better foster the relationships that make this community home to a diverse and talented economic ecosystem.

The highly successful PWCDED Target Industry Program, founded by the Prince William Board of County Supervisors in 1997, was updated in 2020 to feature a streamlined application and annual reporting requirement. The program offers eligible businesses fast track permitting, reducing the permit turnaround time by up to 50 percent. In addition, the program can provide site development fee reductions for certain projects.

The department completed the first program survey in June, featuring 13 Prince William County companies. This benchmark 2020 data, includes important positive economic impacts, including:

more than $116 million in capital investment in our community more than 119 new jobs, in addition to the 228 already existing jobs over 4.4 million square feet developed

Read the full story.

This press release was produced by Prince William County Government. The views expressed here are the author’s own.