2U Inc., a leader in technology-enabled education headquartered in Prince George’s County, is moving its headquarters to Lanham to accommodate its growing workforce. The company is targeting the creation of more than 900 jobs in the county in the next five years and is leasing space at 7900 Harkins Road, located within the New Carrollton Transit Oriented Development site.
“We’re investing in our future and the 2U team with a new state-of-the-art facility that will match our unique corporate culture,” said 2U CEO and co-founder Chip Paucek. “With the assistance of the Maryland Department of Commerce and Prince George’s County, our new headquarters will support our growth as we continue to acquire new university partners, launch new programs and empower the world’s greatest universities as they build great digital versions of themselves.”
In 2015, 2U experienced unprecedented growth through the addition of New York University and Yale University to its partner portfolio and the announcement of eight new 2U-powered programs to launch in 2016 and beyond. From 2010 to 2015, 2U grew its workforce from 98 to 1,007 employees, including more than 600 employees currently working in Prince George’s County.
“Working with 2U and our partners in Prince George’s County, we are proud to support this innovative company’s new headquarters and the creation of hundreds of new jobs,” said Governor Larry Hogan. “Thanks to visionary companies like 2U, we are continuing to see the creation of exciting job opportunities throughout Maryland – opportunities which are helping to strengthen our private sector and provide a healthy, thriving economy for all Marylanders.”
To assist with the expansion, the Maryland Department of Commerce is providing a $2 million conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF) program. Additionally, Prince George’s County is providing a $1.5 million conditional loan through its Economic Development Incentive (EDI) Fund.