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Economic Development Statistics

Baltimore County is located in the north-central part of Maryland, with a 2015 population of 831,128, making it the third-most populous county in Maryland. The County remains the top job center in the region and the second largest job center in the state.

21,000

Businesses

379,000

Employees

over 500

Businesses Employ over 100 workers

 

The economy is diverse, vibrant and growing due to the region’s high quality of life and educated and skilled workforce.

Local Priority Industries

Nine industry clusters drive Baltimore County’s economic and employment growth. These diverse industries represent the highest concentrations of employment in the County, and are the core focus of the County’s economic development efforts. These nine core sectors generated nearly three-quarters of the County’s net employment growth since 2001, and are projected to generate three-quarters of the County’s employment growth through 2024.

Baltimore County’s Priority Industry Clusters

  1. Corporate Headquarters, Operations Centers, Shared Services and Professional Services
  2. Federal Agencies and Contractors
  3. Healthcare
  4. Information and Advanced Technology
  5. Manufacturing
  6. Port-Related Industries, Logistics and Distribution Centers
  7. Construction
  8. Financial Services
  9. Public and Private Higher Education

Employment Performance

The chart below displays the employment performance for these industries since 2001, with projections through 2024.

Industry

Description

2015 Employment

Total County Employment

 

372,748

Percent of Total

 

50

Nine Key Industry Clusters

 

185,917

Corporate Operations Centers and Shared Services

Corporate Headquarters and Key Professional Services

25,528

Federal Agencies

Federal Government Agencies

14,230

Healthcare

Ambulatory Health Care Services, Hospitals and Nursing Homes

52,923

Information Technology Services

Software, Data Processing and Computer Services

7,347

Manufacturing

Manufacturing

14,589

Port Industries, Logistics and Distribution Centers

Wholesale Trade and Air, Rail, Water, Truck Transportation

13,778

Construction

Construction

23,248

Financial Services

Banking, Securities, Insurance and Other Financial Services

22,771

Higher Education

Public and Private Higher Education

11,502

Employment and Unemployment

  • Baltimore County’s unemployment rate declined by nearly 50 percent since January 2010.
    • Starting at 8.6 percent in January 2010, the unemployment rate decreased to 4.4 percent by May 2016.
    • Baltimore County’s unemployment rate has not been this low in over eight years (since May 2008).
  • Based on Maryland’s Quarterly Census of Employment and Wages (QCEW), Baltimore County employed 379,223 people in 2015 and since 2010, Baltimore County has added 13,741 jobs to its employment base—a nearly four percent increase over six years.
  • The County is projected to continue to experience positive employment growth, with employment projected to increase by 12,902 jobs by 2024.

Contact Jen Horton, Policy and Planning Manager at jehorton@baltimorecountymd.gov for additional information.  

 
Revised January 19, 2017         

 

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