INTRODUCTION Table 1. Strengths and Opportunities in Driving Industry Clusters Industry
Strengths and Opportunity to Build Upon • Strong concentration and employment growing faster than regional average
Federal Government
• Source of high-wage jobs • Continue momentum around transportation-oriented development (TOD) to attract new leases • Growth in County jobs is exceeding nation
Hospitals and Health Services
• Investments in medical anchors have catalyzed ancillary development • Offers range of low- and middle-skill jobs • Above the national level of industry concentration in the County, but still below that of the region suggesting opportunities for growth
Information Technology Services
• Key technology niches in areas such as cybersecurity, data sciences (including AI/ ML), and quantum computing • Frameworks in place to grow data centers and other IT employment • Federal government helping drive IT growth, opportunities to diversify this base • A fast growing sector in Prince George’s County representing both established companies and high-growth potential startups
Research-Intensive Industries17
• Provides high-wage STEM-oriented jobs with a mix of both high and middle skilled jobs • Positions Prince George’s County in exciting growth-oriented technology areas from space and climate sciences to biosciences
information on these clusters, as well as other industry clusters driving economic development in Prince George’s County, can be found in Appendix 1.
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The Federal Government is the largest of Prince George’s County’s targeted industry clusters, with nearly 27,000 jobs in 2019. It was also one of the four key industry clusters prioritized in the 2013 Economic Drivers and Catalysts strategy. The federal government cluster in Prince George’s
Economic Development Strategic Action Plan For Prince George’s County