PRINCE WILLIAM COUNTY – (Press Release) The Prince William County Department of Economic Development today announced $1.53 billion in capital investment and 227 new jobs in the Fiscal Year 2019, stemming from 13 targeted industry projects. The results marked yet another twelve-month period within which the county has logged over half a billion dollars in economic development projects.
During the year, the county further solidified its position as a major player in the world’s largest data center market with the completion of 6 data center projects, including COPT’s two new data centers in Innovation Park, and celebrated notable achievements of some of its fastest-growing companies. Mu-Del Electronics LLC, a leading manufacturer of high-performance radio frequency and microwave-based systems, relocated to a $5 million custom-built operations center at Merritt I-66 Business Park. A move that could spur a doubling of the company’s local workforce.
The county focused on small business and entrepreneurs and took steps to ensure the necessary services are now in place for them to succeed. The result has been a notable increase in service offerings administered by a more integrated network of development agencies with the County and partner organizations.
The Department of Development Services has instituted a small business project management program to facilitate the permitting process for small businesses. Most recently, the County signed a collaborative agreement with George Mason University’s Small Business Development Center (Mason’s SBDC) to deliver small business assistance free-of-charge to small businesses and entrepreneurs within the County.
The office space will also be used by the Department of Economic Development for our Small Business and Redevelopment programs. Small Business owners will now have the convenience of meeting with a Mason SBDC Counselor near the I-95 corridor in Prince William County, a growing hub of federal contractors, co-working spaces and a large variety of businesses.
