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OFFICE of

economic Development

  1. Quick Links
guide:
Businesses in
the city
business &
Development
incentives
facts & figures
about the city
business
organizations
HUB
zone
business
licenses &
permits

OVERVIEW

The City’s Economic Development program’s mission is to create a thriving business atmosphere for the City by revitalizing commercial districts and providing assistance for business retention, expansion and recruitment.

For information with how to open a business or development in the City, including grants and assistance programs, required licenses and permits, real estate opportunities and more, visit our Guide to Businesses in the City.

COVID-19 BUSINESS RESOURCE WEBPAGE


INFO

Economic Development Manager
Bridgette Johnson

240.487.3506
economicdevelopment@collegeparkmd.gov

City Hall

Shop College Park

Want to see what local businesses are in the City? Visit shopcollegepark.org. 


  1. Facts & Figures

Below are all the facts and figures pertaining to the City, including population, demographic data, workforce data, and local commercial real estate data.

COMMUNITY PROFILE

Population: 32,303
Median Age: 22.6 (State of Maryland median age is 39.0)
Median Household Income: $61,051 (USA: $59,039)
Unemployment Rate: 7.8%
Median Home Value: $307,782 (USA: $215,600)
Total Number of Businesses in College Park: 977
Total Number of Employees: 31,829

DEMOGRAPHIC DATA

Demographic Summary (Data Source: ESRI)
Executive Summary (Data Source: ESRI)
Marketing Profile (Data Source: ESRI)
Transportation to Work (Data Source: ESRI)

LOCAL COMMERCIAL REAL ESTATE DATA

Local Real Estate Market Profiles:
Industrial Market Profile
Multifamily Market Profile
Office Market Profile
Retail Market Profile

WORKFORCE DATA

Largest Employers:
University of Maryland
University of Maryland University College
National Oceanic & Atmospheric Administration (Center for Weather & Climate Prediction)
Food & Drug Administration (Center for Food Safety & Applied Nutrition)
National Archives II
American Center for Physics
IKEA
College Park Hyundai
The Home Depot
Holiday Inn- College Park

Independent/ Small Businesses:
For profiles of our community's independent/ small businesses visit www.shopcollegepark.org

Labor Market Analysis:
Job Density Map (Illustrating Where Employees Work)
Labor Draw Area Map (Illustrating Inbound Commuting Patterns)

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