The City of College Park, Maryland 5/10 Year Economic Development Strategy
The Economic Development Strategic Plan is a full and thorough examination of our College Park Economy and offers a Strategy for next steps to grow a stronger College Park. This 5/10-year Economic Development Strategy Plan offers an in-depth analysis with troves of data and comparisons to similar college towns. The objective of the Plan is to identify actions that Leadership and Collaborative entities can take to advance economic prosperity and inclusivity for College Park. The report will lay bare some challenges such as planning efforts at the County level, affordable housing, seniors aging in place, education, and recognition of our marginalized communities.
As host city to the flagship campus of the University of Maryland, our city is visited by many fans, media, and companies that follow Big10 Events. Thus, creating revenue and jobs for our locally owned businesses. Recently, a Trader Joe’s grocery store, Grill Marx Steakhouse and Iron Rooster restaurants have opened in our downtown area, creating nearly 300 jobs.
As residents and leaders prioritize economic development opportunities, please consider our newfound prominence in the region, which requires a pragmatic approach as we advance certain programs and expenditures. The taxing authority rests with our leadership.
Let‘s implement the economic development strategy wisely and in the best interests of our citizens.
Download College Park Economic Development Strategy PDF >>
