5 Reasons to Start Your Business in Prince George's County, Maryland
Prince George's County is Maryland's best-kept secret for business growth but not for long. From Largo to College Park, Bowie to Hyattsville, this dynamic county is experiencing explosive business growth and transformation. With more new business formations than any other Maryland county and major federal investments on the horizon, Prince George's County represents an extraordinary opportunity for entrepreneurs.
1. Explosive Business Growth and Unprecedented Momentum
The numbers tell a powerful story: Prince George's County leads Maryland in new business formations and the growth trajectory is remarkable:
22,452 new businesses formed in 2022 - more than any other Maryland county
More than double the 2012 number - demonstrating sustained, accelerating growth
Surpassing even Montgomery County in new business creation
Rapidly emerging as a tech hub with strength in cybersecurity, bio-health, and high technology
This momentum creates a powerful network effect. When you start a business in Prince George's County, you're joining a wave of entrepreneurship and innovation. The growing business community means more networking opportunities, more potential partners and customers, and more resources dedicated to supporting business success.
Major Cities and Communities in Prince George's County:
Upper Marlboro (county seat)
Bowie
Laurel
College Park
Greenbelt
Hyattsville
2. Significantly Lower Operating Costs with Strategic Location
One of Prince George's County's most compelling advantages is the combination of affordability and access:
Cost Advantages:
Real estate costs significantly lower than neighboring Montgomery County
More affordable than Northern Virginia markets
Lower overall operating expenses while maintaining quality infrastructure
Excellent value for office, retail, and industrial space
Strategic Location Benefits:
Direct proximity to Washington, D.C.
Access to I-95, I-495, and major transportation corridors
Upcoming Purple Line light rail connecting to Montgomery County and expanding regional access
Close to three major airports: BWI, Reagan National, and Dulles
For startups and growing businesses, lower operating costs mean your capital goes further. You can invest more in talent, technology, and growth rather than overhead. This cost advantage, combined with proximity to the nation's capital, creates exceptional value.
3. Major Federal Investment - The New FBI Headquarters
Prince George's County has been selected as the location for the new FBI headquarters in Greenbelt—a transformational, generational investment that will reshape the county's business landscape:
FBI Headquarters Impact:
Massive federal investment creating long-term economic momentum
Expected to attract cybersecurity companies, government contractors, and technology firms
Supporting industries including professional services, hospitality, and retail
Infrastructure improvements throughout the region
This isn't just about one building—it's about decades of economic development, job creation, and business opportunity. Early-stage businesses entering Prince George's County now will be positioned to benefit as this transformation unfolds.
4. Exceptional Entrepreneurial Support Ecosystem
Prince George's County has built a comprehensive support system designed to help businesses launch and thrive:
Innovation Station Business Incubator provides:
Dedicated space and resources for startups
Mentorship and business development support
Networking with other entrepreneurs
Access to capital and funding resources
University Partnerships:
NASA Goddard Space Flight Center connections for technology and aerospace ventures
Academic research partnerships
Economic Development Incentive Fund (EDIF):
$50 million fund providing loans and loan guarantees
Support for job-creating projects
Flexible financing for qualifying businesses
Specialized Programs:
Hispanic Chamber of Commerce support programs
Grow Prince George's - Training specifically for BIPOC, women, and Latino entrepreneurs
Small business development assistance
Export assistance programs
5. Thriving Diverse Business Community and Strong Consumer Base
Prince George's County's diversity is a strategic business advantage:
Demographics and Market Strength:
Median household income of $98,000 - 33% above the national average
Strong, growing consumer base with purchasing power
30% of immigrant residents more likely to start businesses than other residents
Diverse population creating demand across multiple market segments
Business Community:
Active minority entrepreneurship ecosystem
Strong support for women-owned businesses
Veteran business initiatives
Collaborative, growth-oriented business culture
This diverse, affluent community creates market opportunities across industries. Whether you're in retail, professional services, technology, or any other sector, Prince George's County offers customers ready to support innovative businesses.
The county's commitment to supporting minority and women entrepreneurs isn't just talk—it's backed by dedicated programs, funding, and community support that helps diverse business owners succeed.
Get Expert Financial Guidance for Your Prince George's County Business
Our CPA firm, based in Columbia, Maryland, serves business clients throughout the entire Maryland region. We understand the unique opportunities in communities from Largo to Bowie, College Park to Hyattsville, and everywhere in between.
Don't navigate the complexities of business finance alone. Contact us today to schedule a consultation.