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On the residential side, we need to offer the most competitive package for those looking
to purchase, especially those who are looking at our competitors, to buy in Prince
George’s County. I’ll ask our economic development team to work with our stakeholders
and universities to determine if rewarding those that move into and stabilize hard-hit
areas of our county with property tax waivers on the third year for every twoyears they
remain in the designated zone under owner-occupied status.
• The County has obligated 80% of its Federal Neighborhood Stabilization Grant to
assist in the purchase of foreclosed homes. This is the second largest percentage
of NSP grants obligated in the State.
• Prince George's had 13,412 foreclosure filings, more than any other jurisdiction in
the state in 2009. The county, with 13.8% of the state's housing units, had 31% of
the state's foreclosure filings.
• In the first quarter of 2010, the county had 3,809 foreclosure filings, up 24.27%
from the first quarter of 2009. The foreclosure rate of 1/84 housing units is the
highest in the DC metro region. {source Realty Trac}
• Prince George's County is one of the few counties in the nation with a bond rating
of Triple A. This will allow the County to borrow at lower interest rates.
• We have 31,000 plus people out of work in Prince George’s County and even
though that's lower than the national average, there are neighborhoods in the
county that exceed the national average and need our focus and energy, in order to
lift the entire county up;
• With over 60% of our residents commuting to work by driving alone
(something’s missing here)
(11% of households are headed by single female headed householders living with
children under 18 years old). (Should this be standing alone?)
Offer Incentives for Government Employees and Contractors to spend their money
our tax dollars in HUB and Enterprise zones and targeted communities in Prince
George’s County. If we take the mass purchasing power of our 6,000 plus local
government employees and target it towards areas of the county that need help, we can
offer a cost-of-living incentive to our workforce, while we demand they do more, and
stimulate job growth and economic activity by keeping our dollars circulating within
Prince George’s. I envision a discount card that works very much like the large member
organizations such as AARP or AAA, where the cost of discounts or other benefits are
shared between the vendor and local government until a certain volume of sales is
reached.
We work hard to get a high concentration of Federal Government workers in Prince
George’s County. We’ve had success; the Census Bureau in Suitland is a recent
example. However, with the Federal Government being tax exempt on all its property, the
true benefit of having a mass concentration of employees in Prince George's is getting a
stimulation to our local economy from their purchasing power. We must make it easy
and more competitive to dine, shop, and stay in Prince George’s.
Seek legislation at the state level to create duty-free zones within targeted
neighborhoods. This legislation would seek a sales tax exemption as well as local tax
exemption for a 36- to 48-month period for companies located and willing to locate in
communities facing the greatest difficulty attracting quality jobs and vendors. The goal
would be to give these companies within communities a 3- to 5-year waiver on sales
taxes, which would give them a competitive edge, encourage consumers to shop in these
communities. Larger companies would have to achieve certain goals on hiring and use of
local vendors to apply. This will help Prince George’s County. Additional incentives
could be added for companies that have a certain percentage of their employees become
homeowners in Prince George’s County or pay income taxes in Prince George's.
Improve the contract evaluation process to make sure that an applicant’s history of
hiring of local residents, spending money with local vendors and residency of
current employees is considered as a net-benefit to the county before contracts are
awarded. We need to know what percent of tax dollars being spent will recycle back to
Prince George’s County taxpayers either through taxes and fees or the overall benefit of
increased employment and quality of life opportunities.
We know that growth from the business we have can and will create more jobs than the
business we hope to attract, that is why we must streamline our permit, application and
approval process, not so that it is better, but so that it is the best.
After improving our schools and the reality and perception of Prince George’s County in
regards to Public Safety, the next most important issue is workforce development.
Prince George’s County has among the lowest contribution rates per full-time enrolled
student of the 16 community colleges in the state. We must expand the investment and
operations and capital facilities of the community colleges and actively seek their
involvement in new development so that every tax dollar we spend on development
means training, enhanced academic programs, and modernization of the campus and
curriculum.