Prince William assisted 19 companies in economic development projects in 2017

Published April 3, 2018 by Robert Powell, III

Economic development activity in Prince William County last year is expected to result in $817 million in capital investment and an estimated 954 new jobs.

In releasing its annual results for 2017, the Prince William County Department of Economic Development reported it assisted 19 companies during the year.

Eighteen of businesses are in the county’s targeted industry sectors (life sciences & biotechnology; information technology; federal agencies and corporate facilities; and specialized logistics and supply chain).

The $817 million in intended capital investment made 2017 the department’s fifth-consecutive year with investment of more than $500 million.

The 954 new-job creation estimate for 2017 was the highest recorded since 2006.

In the last five years (2013-2017), projects closed by the Department of Economic Development alone intend to invest nearly $4.3 billion and create approximately 2,853 jobs.

The county now is home to about 9,000 businesses, an increase of 40 percent during the past 10 years.