City of College Park

CITY OF

COLLEGE PARK

QUARTERLY BUSINESS BEAT September 2017

BUSINESS UPDATE AT A GLANCE RECENT OPENINGS CVS

Midtown

8321 Baltimore Ave

Retail

Lotsa Pizza

Downtown

4350 Knox Rd

Restaurant

Old Maryland Grill

Midtown

7777 Baltimore Ave

Restaurant

Bagel N’ Grinds

Midtown

7777 Baltimore Ave

Restaurant

Potomac Pizza

Midtown

7777 Baltimore Ave

Restaurant

Kapnos Taverna

Midtown

7777 Baltimore Ave

Restaurant

The Hotel at the University of Maryland T-Mobile

Downtown

7777 Baltimore Ave

Hotel

Midtown

8145 Baltimore Ave

Retail

Junction Vintage

Downtown

7207 Baltimore Ave

Retail

The Halal Guys

Downtown

7207 Baltimore Ave

Restaurant

Vigilante Coffee

Midtown

8200 Baltimore Ave

Restaurant

Red Door Spa

Midtown

7777 Baltimore Ave

Health/Fitness

BLE Suites

Uptown

9658 Baltimore Ave

Office

SeoulSpice

Downtown

4200 Guilford Dr

Restaurant

Downtown

7200 Baltimore Ave

Hotel

COMING SOON

RECENT CLOSINGS Quality Inn

CONTACT:

Ryan Chelton

Economic Development Coordinator 240-487-3543 [email protected]

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CVS Lotsa Pizza Old Maryland Grill Bagel N’ Grinds Potomac Pizza

Greenbelt

Kapnos Taverna

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The Hotel at UMD Junction Vintage The Halal Guys Vigilante Red Door Spa BLE Suites SeoulSpice T-Mobile

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Recent Openings Coming Soon HUB Zone

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RISE Zone

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College Park - UMD

NEW BUSINESS SPOTLIGHT

CVS A new CVS has opened at the corner of Baltimore Avenue and Berwyn House Road, and is the second CVS to open in College Park. CVS sells prescription drugs and a wide assortment of general merchandise including groceries. An mBike station is conveniently located at the entrance. For more information please visit: http://www.cvs.com/

LOTSA PIZZA On July 11th, Lotsa Pizza opened its third Maryland location. Lotsa provides custom pizza prepared fresh from premium ingredients in just 150 seconds. Whether your pizza tastes are traditional or more adventurous, you’ll find what you crave at Lotsa. For more information please visit: https://www.lotsa.com/


OLD MARYLAND GRILL Local restaurateur Mike Franklin, who also owns Franklin’s restaurant in Hyattsville, has opened the upscale Old Maryland Grill in The Hotel at the University of Maryland. Old Maryland Grill serves a number of locally-sourced dining options including Maryland-themed dishes such as crab cakes and Chesapeake blue catfish. For more information please visit: http://oldmarylandgrill.com/

BAGELS N’ GRINDS Bagels ‘n Grinds has brought a new breakfast option to the base of The Hotel at the University of Maryland. Bagels ‘n Grinds has an onsite water treatment facility that’s visible upon entering the site to ensure that their product tastes like true New York style bagels. For more information please visit: http://www.bagelsngrinds.com/


POTOMAC PIZZA Potomac Pizza uses fresh ingredients to create both traditional and specialty pizzas and offers a fun and memorable atmosphere that local residents enjoy. Pizzas are constructed using trans-fat and cholesterol-free pizza dough and their sauce is made from scratch every day without dairy, nut or egg products. For more information please visit: http://www.potomacpizza.com/

KAPNOS TAVERNA Celebrity Chef Mike Isabella has opened Kapnos Taverna in the Hotel at the University of Maryland, his twelth restaurant in the D.C. area. Kapnos Taverna will offer an extensive list of Greek mezze, including crispy brussels sprouts with butternut squash, octopus Santorini and roasted pork shoulder with apple, mostarda and tahini. For more information please visit: http://kapnostaverna.com/


T-MOBILE T-Mobile has recently opened within the Campus Village Shoppes on Baltimore Avenue. The new store offers customers a variety of cellular phones, tablets, service plans and accessories. For more information please visit: http://www.t-mobile.com/

BUSINESS INFORMATION BUSINESS ASSISTANCE AND FAÇADE IMPROVEMENT GRANTS Established by the City of College Park to retain high-quality independent retail tenants, the Business Assistance and Façade Improvement Grant is a citywide program that reimburses qualified businesses for eligible improvements. Matching grants up to $15,000 for exterior improvements and $5,000 for interior improvements are available for a maximum 50 percent of the total improvement costs. All applications submitted will undergo an evaluation based on criteria outlined in the program guidelines which can be found at http://www.collegeparkmd.gov/programs_and_ initiatives/economic_development/redevelopment.php.

HUBZONE PROGRAM

HUBZone area outlined on page 2 map HUBZone is a Small Business Administration (SBA) program to assist small companies that operate and employ people in Historically Underutilized Business (HUB) Zones. The federal government has a goal of awarding 3% of all dollars for federal prime contracts to HUB Zone-certified small business concerns. As a HUBZone-certified company, you receive benefits that include competitive and sole source contracting, 10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities. To be eligible for HUBZone certification, your company must be a small business (according to SBA standards), be owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, an agricultural cooperative or an Indian tribe, be located within a “Historically Underutilized Business Zone” and at least 35% of its employees must reside in a HUBZone.

BUSINESS INFORMATION RISE ZONE

RISE Zone area outlined on page 3 map On December 5th, 2016, the Maryland Department of Commerce approved the Greater College Park Regional Institution Strategic Enterprise Zone. Businesses locating in a RISE Zone or an existing business doing a significant expansion within the Zone may qualify for real property tax credits and income tax credits related to capital investment and job creation. A business concierge with the Maryland Department of Commerce will be available to assist businesses with identifying and utilizing other State programs for which they might qualify, and with permitting and licensing applications. For questions regarding the RISE Zone please contact Mark Vulcan at 410-767-6438.

AVAILABLE PROPERTIES The City of College Park is home to a wide range of real estate opportunities. By 2018, new development projects are forecasted to generate over 93,000 square feet of new ground-floor retail and office space. To receive College Park’s current inventory of available properties contact Ryan Chelton at [email protected] or by phone at (240) 4873543.

BIKE RACKS The City of College Park is in the process of distributing bike racks to interested businesses and property owners while supplies last. Racks are provided for free but installation is not included. If you are interested in obtaining bike racks for your College Park business, please contact Ryan Chelton at [email protected] or by phone at (240) 487-3543.