Baltimore County News
Buying a home near Northwest Hospital in Randallstown just got a little easier for LifeBridge Health employees. A new Live Near Your Work program offers incentives ranging from $1,000 to $5,000 to help LifeBridge employees with down payment and closing costs when they buy a home near Northwest Hospital.
“Live Near Your Work is a Baltimore County partnership with LifeBridge Health, the largest employer in the Liberty Road area. By providing buyer incentives in communities near Northwest Hospital, we are encouraging LifeBridge employees to invest in the neighborhoods near their work place,” said Baltimore County Executive Kevin Kamenetz.
“Northwest Hospital is community hospital that truly embraces our community. We believe this new partnership with Baltimore County will strengthen that connection by increasing the number of employees living in our nearby neighborhoods, with the added benefit for employees of a shortened commute to work,” said Brian White, president of Northwest Hospital and senior vice president of LifeBridge Health.
The highest incentives are available to homebuyers in the Stevenswood, Courtleigh, Green Lane, Fieldstone, Lochearn, Gwynn Oak and Colonial Village communities. These are stable, healthy communities within easy distance of Northwest Hospital that have seen a decline in homeownership since the recession.
To be eligible, home buyers must work for LifeBridge Health, purchase a home in the designated area, contribute at least $1,000 towards the home purchase and use the property as their principal residence.
“Mortgage rates are still attractive, so this is a great time to encourage homeownership in Baltimore County,” added County Executive Kamenetz.
Baltimore County and LifeBridge are contributing program funding.
More information about the Live Near Your Work program for LifeBridge Health employees is available at www.baltimorecountymd.gov/planning or call LifeBridge Employee Services at 410-601-8000.
A new purpose-built auto terminal at Tradepoint Atlantic will soon welcome its first vessel to Sparrows Point. Pasha Automotive Services, a global logistics and transportation company, is leasing 21 acres for roll-on/roll-off (ro/ro) operations for imported automobiles.
Initially, between 40-50 jobs will be created, with more jobs anticipated as additional site capacity is built. Pasha has the potential to expand to 150 acres at the terminal.
“Tradepoint Atlantic is rapidly living up to its potential as the most important jobs generator in the region,” said Baltimore County Executive Kevin Kamenetz. “With each new tenant, we come closer to returning 10,000 jobs to Sparrows Point.”
The new terminal adds important roll-on/roll-off capacity for the Port of Baltimore and positions Sparrows Point as the East Coast location of choice for automotive processing. Fiat Chrysler vehicles will be the first imports at the Sparrows Point terminal.
Tradepoint Atlantic has invested $5 million on infrastructure upgrades such as berth improvements, security upgrades and additional roadway infrastructure for the site.
“Port related uses have been central to our vision for bringing jobs back to Sparrows Point since 2013, when the County’s Sparrows Point Partnership developed a blueprint for maximizing the potential for this unique peninsula. No single East Coast location has the same level of waterfront, large storage areas and transportation access as the Sparrows Point peninsula,” added Kamenetz.
Baltimore County’s unemployment rate fell to 4.7% in April, a positive employment trend in Maryland’s third largest jurisdiction. The U.S. unemployment rate stands at 5%.
“More and more Baltimore County residents continue to find jobs. This upward trend signals a strengthening local economy,” said Baltimore County Executive Kevin Kamenetz. “We also know these numbers mean there are still people in the county looking for work. Our workforce development counselors stand ready to help with their job search.”
Revised April 6, 2016