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Owings Mills Business Community

Outdoor signage with words reading "Foundry Row" and outdoor open space with people walking and the exterior entrance of a Wegmans supermarket.

Owings Mills, a County-designated growth area, is a vibrant commercial and residential community that is home to more than 1,600 businesses. Conveniently located on I-795 just four miles outside the Baltimore Beltway, Owings Mills is a major employment center, drawing more than 23,000 workers each day from nearby neighborhoods and throughout the region.

The area is home to a concentration of financial service and insurance companies, including T. Rowe Price, ADP, Baltimore Life, Toyota Financial Services and CareFirst. Other prominent members of the Owings Mills business community are the headquarters and training facility of the NFL Baltimore Ravens, and a host of real estate development, business services and information technology firms.

     

Competitive Advantages

The Owings Mills business community has several competitive advantages, including:

  • Major corporate and division headquarters
  • Stevenson University
  • Exceptional telecommunications infrastructure and electricity redundancy to accommodate most intensive corporate data demands
  • Easy access to I-795 and I-695
  • Convenient access to public transit—Metro subway to downtown Baltimore and Johns Hopkins Hospital campus
  • Large-scale retail and entertainment developments underway:
    • Metro Centre at Owings Mills, Baltimore County’s first transit-oriented mixed use development includes office, retail, residential, educational and hospitality uses, as well as a CCBC campus, and the County’s newest and largest public library.
  • Foundry Row, mixed use development anchored by a Wegmans food market

Select Business Locations

11155 Red Run Boulevard

  • Signature office property with 98,000 square feet available

Metro Centre at Owings Mills

  • 1.2 million square feet of office space planned
  • 300,000 square feet Class A loft and medical under construction

Resources and Incentives

Along with site location assistance, the Department of Economic and Workforce Development facilitates the following assistance programs:

Finance

  • Loans and loan guarantees
  • Tax-exempt industrial revenue bonds

Tax Credits

  • Job creation tax credits

Workforce

  • Recruitment assistance
  • Customized training

Employers and Institutions

Select Employers

Business Sector

ADP

Financial services

Baltimore Life

Insurance

CareFirst

Insurance

Centric Business Systems

Business services

Direct Dimensions

Information technology

Edaptive Systems

Information technology

Euler Hermes

Financial services

Lion Brothers

Manufacturing

Medifast

Nutritional products

NovaTech, LLC

Manufacturing

T. Rowe Price

Financial services

Toyota Financial Services

Financial services

Zurich Insurance Group

Financial services

Demographics

2015 Area Population and Income

 

One-Mile

Three-Mile

Five-Mile

Population

10,403

75,597

163,148

Households

3,854

30,224

64,107

Median Household Income

$66,371

$77,266

$74,685

Estimated Average Household Income

$82,115

$96,065

$96,896

Median House Price

$249,243

$269,767

$275,061

Demographics were measured using a one-, three- and five-mile buffer drawn around the intersection of Reisterstown Road and Owings Mills Boulevard. Source: 2015 Nielsen Population Data

More Information

Contact Sara Trenery, Business Development Representative, at strenery@baltimorecountymd.gov or call 410-887-8030 for more information.

 
Revised December 20, 2016         

 

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