Council Member Mel Franklin Says
CB-78 Gives Needed Support to Locally-Owned and Operated Businesses
The Prince George’s County Council, during
session on Tuesday, October 22, 2013, introduced Council Bill 78-2013,
legislation authorizing use of the Economic Development Incentive (EDI) Fund
for expansion of small business development and local business ownership
Under CB-78-2013, which received unanimous
approval during a Public Safety and Fiscal Management (PSFM) Committee Meeting
on October 17, a goal of 10-percent of the annual appropriation of the EDI Fund
would be established for financial assistance to expand entrepreneurship
opportunities for County residents who own businesses based in the
Council Member Mel Franklin (D) – District 9,
a proposer of the legislation, says small and local businesses owned by county
residents drive the local economy and providing them with the support they need
to grow and thrive is critical to their success.
new component of the Economic Development Incentive Fund is designed to create
and grow locally-owned and operated businesses in the County and unleash the
entrepreneurial spirit of our County residents. This legislation promotes
innovation, and creates jobs and wealth for our communities as we work to grow
our County's economy."
The proposed legislation aims to increase the
County’s commercial tax base, create jobs for County residents, and provide
flexible financing for small business start-up and expansion in Prince George’s
Council Bill 78-2013 is scheduled for a
public hearing on Tuesday, November 19, 2013. To speak before the
Council, contact the Clerk to the County Council at 301.952.3600.
All legislative powers of Prince George’s
County are vested in the County Council. The County Council sits as the
District Council on zoning and land use policy, and as the Board of Health to
govern and guide health policy. The County Council meets as a legislative
body on Tuesdays in the Council Hearing Room on the first floor of the County
Administration Building in Upper Marlboro. For more information on the
Prince George’s County Council, please visit www.princegeorgescountymd.gov.