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Business & Development
Business Development Corridors
The City of Hyattsville is home to three active business development corridors.
- The Prince George's Plaza Transit District is zoned to promote higher density, pedestrian and transit-oriented mixed-use development. It includes University Town Center, Belcrest Center, The Mall at Prince George's and The Shops at Metro.
- The West Hyattsville Metro corridor consists of the Queens Chapel Shopping Center, and is expected to experience considerable high-density, transit-oriented development in the near future.
- The Gateway Arts & Entertainment District starts north at the Riverdale Park border and continues south through the EYA development, Franklin's Restaurant, Melrose Park, and includes the Melrose Park Industrial Area. This area is a designated Arts and Entertainment District by the State of Maryland.
City Support Programs for Businesses
The City offers numerous programs to support businesses and developers. The City's Revitalization Tax Credit provides financial incentives to economic development and redevelopment in the three business development districts. The Commercial Façade Improvement Program provides funding to business or property owners within the three targeted investment areas to improve their building’s façade.
Business Retention Strategy
The City of Hyattsville is in the process of developing a comprehensive Business Retention and Expansion (BRE) Strategy, It is the City's intention to include the following items within this strategy: (1.) Toolkit of policies and programming related to retaining our current small and locally owned businesses, (2.) Strategy for servicing businesses needing to expand their facilities and/or marketplace, and (3.) Opportunity for business recovery through short-term and long-term resiliency.
On March 17, 2021, City Staff conducted a virtual Pre-Bid Meeting to provide interested parties with information and an opportunity to ask questions. This meeting was recorded and is available to view here.
Other Support for Businesses
The Prince George's County Small Business Initiative provides direct assistance to the rapid-growth potential small and minority-owned businesses located in Prince George’s County. The U.S. Small Business Administration exists to aid, counsel, assist, and protect the interests of small business concerns, to preserve free competitive enterprise, and to maintain and strengthen the overall economy of our nation. It works through a network of field offices and partnerships with public and private organizations including the Maryland Small Business Development Center.
WMATA/TOD Joint Development Update
WMATA's Office of Real Estate & Station Planning releases a semiannual report highlighting the status and outlook on transit oriented development (TOD) near their Metro stations within Prince George's County. Click on the following links to view the Prince George's Plaza Metro Station Transit Oriented Development (TOD) and the West Hyattsville Transit Oriented Development (TOD) reports from February 2018.
Business Resources Guide
The City has put together a list of potential resources for prospective and current Hyattsville business owners. Unless noted, these resources are not administered by the City of Hyattsville. The list should be taken as a starting point for further research, and is by no means all-inclusive or up to date. Business owners interested in pursuing one of the resources listed should get in contact with the administering agency for further information. The business resource list can be downloaded by clicking here.