Title
AN ACT CONCERNING THE LOCALLY OWNED AND OPERATED BUSINESS INCENTIVE ACT for the purpose of stimulating the growth of locally owned and operated businesses by reducing the stifling burden of fees and charges on such businesses, thus fostering economic growth in Prince George’s County.
Background
This legislation is meant to increase the number and growth of locally owned and operated businesses in Prince George's County which, in turn, will be a critical component to Prince George’s County’s economic growth strategy and will create more generational wealth for county residents. The legislation also addresses fees and charges, which, particularly for start-up businesses, are a major impediment to the growth of locally-owned and operated businesses, thus hurting the growth of Prince George’s County’s economy.