Local Businesses Could Get $3 Billion Investment from China
LARGO, Md. — A delegation from Prince George’s County has returned from China with what could be as much as a $3 billion investment in local businesses. Among them — a large scale movie studio.
Entrepreneur A.K. Adams also made the 14-hour pilgrimage to China with the group of delegates seeking to build the first fully-functioning sound stage in Prince George’s County.
“There were hundreds of investors interested in that project and it looks promising for the future,” says Economic Development President Jim Coleman.
Coleman says the project represents just a portion of the potentially investments secured on the trip.
“Probably over the next 12 months to 18 months you could see anywhere from two to three billion dollars,” Coleman says.
Among the more notable pitches was a $125 million film studio — which Coleman says is ideal for Washington-based movies and television shows.
Investors were also bullish on a real estate, tech, and graphics companies — all of which, when finalized, he says would translate into jobs for county residents.