Baltimore County Now
Baltimore County’s unemployment rate fell to 4.9% in December, continuing the positive employment trend in Maryland’s third largest jurisdiction. The unemployment rate began at 6.2% in January 2015 and steadily dropped by 1.3 percentage points, with only minor fluctuations, to end the year with December’s 4.9% rate.
“More and more, Baltimore County residents continue to find jobs. This upward trend signals a strengthening local economy,” said Baltimore County Executive Kevin Kamenetz. "While that is great progress, we cannot rest until everyone who wants a job has a job.”
Major new distribution facility in Sparrows Point
FedEx Ground is locating a 300,000 square foot distribution facility in the new Tradepoint Atlantic global logistics center, the first major real estate lease in the redevelopment of Sparrows Point. The state-of-the-art facility in Dundalk is expected to employ about 150 combined full- and part-time workers at opening, with more jobs planned to support increased demand for service in the greater Baltimore Washington corridor.
“Tradepoint Atlantic is bringing a new generation of jobs to the Point. What a great way to start -- with a world class company such as FedEx,” said Baltimore County Executive Kevin Kamenetz. “New construction jobs are here now as the Fed Ex Ground distribution center takes shape, with 150 more jobs when the facility opens next year.”
Jobs coming back
The FedEx Ground facility is being built on 50 acres that are ground leased to Scannell Properties, which is developing the distribution facility for FedEx. The new facility will join two existing FedEx Ground stations in Baltimore County, in White Marsh and Halethorpe.
Tradepoint Atlantic is rising on a 3,100-acre site that was formerly a Bethlehem Steel manufacturing plant. With rail, deep water port and interstate access, the site is transforming into a major east coast logistics, manufacturing, and transportation hub.
“We are confident that companies at Tradepoint Atlantic will more than replace the 2,000 jobs lost when the steel mill closed. When completed, this global center could bring upwards of 10,000 new jobs to Baltimore County,” added Kamenetz. “Over 750,000 union hours of work already have been logged as demolition, recycling and environmental clean-up continue at the site. It all adds up to great news for the economic health of Dundalk, Baltimore County and the entire region.”
“FedEx is the first of many global companies that will set up operations at the new tri-modal port facility at Tradepoint Atlantic. Having such a prestigious tenant sign a long term lease demonstrates the economic impact Tradepoint Atlantic will have for the region,” said Michael Moore, CEO of Tradepoint Atlantic. “As we continue to bring jobs and redevelop the site, we will be known as the premier facility on the eastern seaboard and a true world-class center for business and trade.”
Kevin Kamenetz Baltimore County Executive
The name Sparrows Point conjures thoughts of mighty blast furnaces, heavy steel and workers streaming from a plant that made steel for 125 years.
We’ll never forget our past, because it is the men and women of the Point who set the bar high for hard work and high quality.
Times change. Global economies change. Technology changes.
Today, under committed local ownership, the 3,100 acres of Sparrows Point are being reinvented as a global distribution powerhouse for the 21st century and beyond. Today, Sparrows Point Terminal officially becomes Tradepoint Atlantic.
We are confident that Tradepoint Atlantic will soon be the place where over 10,000 people will come to work each day. They’ll work to move cargo from huge Panamax ships docked at deepwater berths. They’ll work as goods and materials move efficiently from ship to rail to storage to highway.
With Tradepoint Atlantic at the helm, the people of Dundalk, Baltimore County and the region have a lot to be proud of. And a lot more greatness ahead.
Bring it on!