Collaboration. As I reflect on 2017 and all that we have achieved as a county and department, collaboration is the common thread among all of Charles County’s economic development accomplishments. While 2016 was about laying the foundation and a plan for success – with the creation of the five-year Economic Development Strategic Plan – 2017 was about action, results, and progress.
Through partnerships, communication, and working together, we have much to be proud of.
Projects & Announcements
- Innovation grows at Indian Head with Velocity Center. The College of Southern Maryland recently announced it will lease the former Ely’s Warehouse location on Indian Head Highway for the Velocity Center, a one-of-a kind facility that will include an education center, research site, and innovation space. Renovations on the space are anticipated to begin this fall, with launch projected for summer 2018.
- Major U.S. homebuilder comes to Charles County. In one of the largest acquisitions in Maryland’s recent history, Lennar, the country’s second largest homebuilder, made a significant investment in the county. The company purchased the remaining, undeveloped 2,400 acres of the St. Charles Planned Unit Development, taking over as developer and owner.
It Takes a Village: Building a Team to Grow Charles County’s Economy
- Economic development advisory board One of the key recommendations from the county’s recently launched five-year Economic Development Strategic Plan, the board consists of 10 members, all with corporate level experience in business, particularly in the county’s target industries.
- Key staff additions to the EDD. Lucretia Freeman-Buster joins the team as Chief of Business Development and Martin Proulx joins as Agriculture Business Development Manager.
Programs to Strengthen Charles County’s Business Environment
- Incentives such as the Property Assessed Clean Energy Incentive and the Tax Stabilization Incentive that was approved by the Maryland General Assembly.
- Entrepreneurship programs such as IGNITE Entrepreneur Resource Fair, pitch competitions.
- Lead generation and business retention programs that aim to fill the EDD’s pipeline of potential projects.
I am excited to see what 2018 will bring, and to build on the successes to date. We have made tremendous progress as a community, but there is still much more we can do to continue the momentum and strengthen Charles County’s economy. Through thoughtful planning and collaboration, we have much to be proud of and much to look forward to.
As always, we’d love to hear from you. Please email info@MeetCharlesCounty.com or call our office if you have questions or concerns.
Director, Charles County Economic Development Department