diff --git a/docs/source/release_notes.rst b/docs/source/release_notes.rst
index 507ee81b47..4b0eb41e2c 100644
--- a/docs/source/release_notes.rst
+++ b/docs/source/release_notes.rst
@@ -1,6 +1,12 @@
 Release Notes
 -------------
 **Future Releases**
+    * Enhancements
+    * Fixes
+    * Changes
+        * Set the development status to ``4 - Beta`` in ``setup.cfg`` :pr:`3550`
+    * Documentation Changes
+    * Testing Changes
 
 .. warning::
 
diff --git a/setup.cfg b/setup.cfg
index 38ce2b11b9..a4ef3f3ea3 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -14,7 +14,7 @@ keywords = data science machine learning optimization automl
 description = EvalML is an AutoML library that builds, optimizes, and evaluates machine learning pipelines using domain-specific objective functions.
 
 classifiers =
-    Development Status :: 3 - Beta
+    Development Status :: 4 - Beta
     Intended Audience :: Developers
     Topic :: Software Development
     Topic :: Scientific/Engineering