Eye Of The Tiger
Newly Appointed Economic Development Corporation Executive Director David Iannucci Pushes County Council
By Raoul Dennis
Economically, this is not the time to coast. This is no time to claim victory and pass out the champagne glasses.
According to new president and CEO of the Prince George’s Economic Development Corporation, David Iannucci, the county’s recent economic gains over the past eight years are accomplishments to build on but not to be comfortable with.
Iannucci brought his case to a recent two-day retreat of the Prince George’s County Council.
“I wanted them to understand that we have to keep pressing forward with aggressive strategies,” Iannucci said after his presentation to the council. “We can’t relax nor assume that we’re all set.”
The veteran policy maker shared observations that included the county’s economic and job growth over recent years. But juxtaposed against similar categories in other jurisdictions, he demonstrated that Prince George’s still has work to do.
Iannucci’s view is well respected—and well founded. He was a top architect in crafting the strategy that put the county on its current positive trajectory when he came on board the Baker Administration as Assistant Deputy Chief Administrative Officer. Between 2010 and 2018, the county became the state’s leading job growth center and has “put more cranes in the air” in new construction and attracted more national and global brands to the county such as Lidl, 2U, F&G Development, Berman Enterprises, Thompson Creek and MGM National Harbor. The $50 Million Fund, created in 2012, has generated $1 billion in capital investments, positively impacted 12,000 jobs, retaining 5,138, and creating 7,009 positions.
More About Mr. Iannucci
Prior to his work in the County, Mr. Iannucci also served as the Executive Director for the Baltimore County Department of Economic Development, and the Secretary of the Maryland Department of Business and Economic Development (now Maryland Department of Commerce) after an extensive legal career. Mr. Iannucci has stated that his focus will be business retention. See more here.