Prince George’s County Executive Aisha Braveboy and Governor Wes Moore, with Sphere Entertainment Co. and Peterson Companies, unveiled a new
economic analysis that demonstrates how the recently announced Sphere National Harbor venue would drive significant economic benefits for Prince George’s County and the State of Maryland.
“We knew immediately Sphere National Harbor was going to be transformational. This new economic data has reconfirmed how amazing a win this is for the people of Prince George’s County and Maryland,” said Prince George’s County Executive Aisha Braveboy. “Partnering with Gov. Moore, we developed the most compelling and responsible incentive package to draw Sphere to National Harbor, it will pay dividends for generations and create a new landmark on the edge of the Potomac River.”
As the second Sphere venue in the US, once operational this new 6,000-seat landmark destination planned for National Harbor is expected to drive $1.3 billion in economic impact for Prince George’s County, and an additional $200 million outside the County, for a total of $1.5 billion overall for the State, according to the new analysis. Construction is expected to bring in $1.6 billion in economic benefits to Prince George’s County, and an additional $250 million outside the County, for a statewide total of $1.85 billion.
Key to the new economic analysis, which builds upon the initial numbers included in first announcing the Sphere project, is an increase in the number of jobs, direct and indirect that would be created by Sphere National Harbor. Construction-related jobs are now expected at 3,350 construction and full- or part-time local supplier and consumer-supported jobs over the construction period. Once operational, Sphere National Harbor is expected to support 7,100 full- and part-time jobs at Sphere and throughout Prince George’s County. This includes an estimated 1,250 Sphere employees, ranging from video and sound engineers, technical production, marketing, concessions and more, as well as 5,850 jobs supported by visitors, suppliers, and induced employee spending at Sphere and throughout Prince George’s County. An additional 880 jobs are expected elsewhere in Maryland for a total of nearly 8,000 positions.
The new economic impact analysis by EY is available at mypgc.us/sphere.
