City of College Park Economic Development

01/06/2023

4 reasons why College Park is an exciting place to grow:

07/07/2022

MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT:
PROJECT RESTORE ACCEPTING NEXT ROUND OF APPLICATIONS
Application scheduled to open 7/7/2022 at 12:00 PM EST

Project Restore will provide $25 million to fill vacant retail and commercial buildings and support business investment, job creation, and economic growth in Maryland’s communities. Businesses opening or expanding into vacant retail and commercial properties may be eligible for Project Restore grants from the Maryland Department of Housing and Community Development. Project Restore grants can help new and growing businesses with rent payments and operating costs in their first year.

Project Restore provides two grant opportunities for businesses, including nonprofits, that are expanding, moving to or opening in a property that was previously vacant for at least six months.

Property Assistance Grant: Provides up to $30,000 for one year to support costs associated with rent, mortgage payment or property improvements as applicable.

Business Operations Grant: For businesses that generate sales and use tax, provides up to $250,000 per calendar year to support capital (property improvements, equipment etc.) and operating (staff salaries, marketing, inventory etc.) costs associated with business operations in the vacant property.

Please visit https://dhcd.maryland.gov/projectrestore for more details and how to apply.

04/29/2022

In March 2021, the U.S. Congress passed the American Rescue Plan Act (ARPA). ARPA provides funding for many programs and services to residents and small businesses of College Park.

The graph below will illustrate some of the uses and positive impact of ARPA funding in our community.

11/27/2021

today for Small Business Saturday!

today, Saturday, November 27 for !

The City is home to many small and independent businesses, so don’t forget to and !

10/26/2021

The City Celebrates Maryland’s Economic Development Week October 25 through 29, 2021!

More information here: https://www.collegeparkmd.gov/CivicAlerts.aspx?AID=288

Economic Development Week

10/01/2021

College Park based IonQ went public today via listing on NY Stock Exchange:

College Park's IonQ has made its splash onto Wall Street, and now it looks to expand the company while shrinking its technology.

09/30/2021

You can't cheer on an empty stomach. Get ready (and full) for tomorrow's big game by visiting a local College Park restaurant! Check out all the local College Park restaurants (and more) at www.shopcollegepark.org!

In 2012 the City of College Park, Maryland began research to create a brand that would raise awareness of the City’s numerous assets and promote it as a great place to live and work. Upon completion of the research, a logo and tagline were selected to market the City to potential residents, busine...

06/17/2021

Check out the June 2021 Business Beat!

06/07/2021

Today's Hair Plans Return to College Park!

A longtime College Park hair salon that burned in a fire earlier this year plans to return in the coming months.

06/03/2021

Ritchie's Colombian Restaurant Offers Authentic Dishes in College Park!

Ritchie's Colombian Restaurant opened in September next to the Kung Fu Tea, after co-owner Ricardo Rivera lost work in construction due to the pandemic.

05/28/2021

FYI: Free Summer Weeknight and Weekend Parking at the City’s Downtown Garage!

Visit your favorite downtown businesses this summer!

FREE SUMMER PARKING AT THE CITY’S DOWNTOWN GARAGE

Now until August 22, 2021, the City is offering free summer parking at the Downtown Garage all-day Saturdays and Sundays and weekday evenings after 5 pm.

Visit your favorite Downtown College Park restaurant or business this summer!