Real Estate Journal — August 9 - 22, 2019 — 19A


M id A tlantic

Major player in the world’s largest data center market Prince WilliamCounty Department of Economic Dev. logs $1.5B in capital investment in FY2019

RINCE WILLIAM COUNTY , VA — The Prince William County Department of Economic Development announced $1.53 billion in capital investment and 227 new jobs in 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 posi- tion as a major player in the world’s largest data center market with the completion of six 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 P

instituted a small business project management program to facilitate the permitting process for small businesses. Most recently, the County signed a collaborative agree- ment with George Mason University’s Small Business Development Center (Mason’s SBDC) to deliver small busi- ness assistance free-of-charge to small businesses and entre- preneurs within the County. The office space will also be used by the Department of Economic Development for our Small Business and Re- development programs. Small Business owners will now have the convenience of meeting with aMason SBDCCounselor near the I-95 corridor in Prince William County, a growing hub of federal contractors, co-working spaces and a large variety of businesses. New clients are encouraged to reg-

ister here. Along with the Brickyard Co-working space that is scheduled to open at Neabsco Commons this fall, all of these efforts serve to maximize the Prince WilliamBoard of Coun- ty Supervisors’ investment in small business assistance, including the Virginia Serious Game Institute and the Prince William Science Accelerator. “Prince William County has long recognized the impor- tance of our existing small businesses and the pivotal role they play in setting the foun- dation of the County’s robust economy. Without question, we are excited to be able to provide services that will allow them to continue to thrive,” said Chris Price , Prince Wil- liam County Deputy County executive and interim execu- tive director, Department of Economic Development. 

Innovation Park aerial

leading manufacturer of high- performance radio frequency and microwave-based sys- tems, relocated to a $5 million custom-built operations center at Merritt I-66 Business Park. A move that could spur a dou- bling of the company’s local workforce. The County sharpened its focus on small business and

entrepreneurs and took steps to ensure the necessary ser- vices 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 orga- nizations. The Department of Development Services has

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