Baltimore County News
17,000 jobs projected from Sparrows Point development
A new study values the economic impact of developing 3,100 acres at Sparrows Point as a global logistics, manufacturing and commerce hub. Conducted by Sage Policy Group for Tradepoint Atlantic, the study sees the industrial development in eastern Baltimore County creating nearly 17,000 direct and indirect jobs in the Baltimore region with approximately $3 billion in total economic impact.
At five square miles, Tradepoint Atlantic is the largest privately-owned industrial and terminal site on the East Coast, with deepwater berths, direct access to interstate highways, and internal rail connecting to CSX and Norfolk Southern freight lines.
"I am so proud that the vision we created with the Sparrows Point Partnership in 2013 is becoming a reality. While the vast majority of the 17,000 jobs will be in Baltimore County, this new study validates Tradepoint Atlantic’s potential as a dynamic economic driver for the entire Baltimore region,” said Baltimore County Executive Kevin Kamenetz.
“Every business coming to Tradepoint Atlantic brings jobs and economic opportunity back to the Point. Under Armour, Pasha Automotive, FedEx Ground and Atlantic Forest Products are leading the way -- and they are just the start,” continued Kamenetz. “By leveraging assets built to support global logistics, manufacturing, e-commerce and marine trade, Tradepoint Atlantic is propelling the next generation of jobs for Sparrows Point.”
Sage Policy Group assessed the economic implications of Tradepoint Atlantic’s master plan. The study finds that full build-out over the next decade will lead to $1.8 billion in direct economic activity from the site’s tenants, creating 9,500 permanent, direct jobs. When taking into account multiplier impacts, this translates to $2.9 billion in regional economic activity and total employment of nearly 17,000 jobs, with associated worker income of $1.1 billion.
Plus 21,000 construction-related jobs
Implementation of the current Tradepoint Atlantic Master Plan will add more than 16 million square feet of built space at Sparrows Point by 2020-2025. This represents more square footage than all the office buildings in downtown Baltimore combined.
An additional 21,000 construction-related jobs (measured in job years) are projected during the building phase.
Click here for a video with Baltimore County Executive Kevin Kamenetz and Tradepoint Atlantic CEO Michael Moore discussing how to create the next generation of jobs at Sparrows Point.
Atlantic Forest Products (AFP), a wholesale distributor of building materials, has signed a long-term lease at Tradepoint Atlantic in Sparrows Point. Atlantic Forest Products will be leasing two storage buildings totaling 160,000 square feet of covered space on 16 acres of land for staging of building products. In addition, the lease includes 6,500 square feet of office space for Atlantic Forest Products to locate its corporate headquarters at Sparrows Point.
Atlantic Forest Products currently employs 50 people, with plans for growth.
“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 recent announcements that Under Armour, Pasha Automotive, FedEx Ground and now Atlantic Forest Products are coming to Tradepoint Atlantic, we come closer to returning 10,000 jobs to Sparrows Point.”
“Atlantic Forest Products is excited to expand its footprint in Baltimore through bringing its existing operations to Sparrows Point to achieve greater scale and supply chain efficiency,” said John Chisholm, president of Atlantic Forest Products. “By consolidating our broad range of building products at Tradepoint Atlantic, we are afforded space as well as the benefit of on-site proximity to two major railways, a port, and an interstate highway for ease of transportation to support our strong East Coast brand presence.”
Over one million square-foot facility will bring 1,000 employees to Tradepoint Atlantic
Under Armour is opening a new 1.3 million square-foot distribution and warehouse facility in Baltimore County as part of the Tradepoint Atlantic redevelopment of the Sparrows Point peninsula. With its global headquarters in Baltimore, the athletic apparel and equipment company projects it will employ 1,000 workers once the facility is operating at full capacity.
“Under Armour’s new e-commerce distribution house at Tradepoint Atlantic is a perfect match for our vision for Sparrows Point -- this is a hometown company investing in the region and bringing 1,000 jobs to Baltimore County. Under Armour’s success is based on commitment, respect and the ability to creatively and strategically meet the demands of the marketplace. We are proud to be part of that team,” said Baltimore County Executive Kevin Kamenetz.
Creating economic and job opportunities
“Our fourth distribution house will be a top-notch service engine for our e-commerce business to deliver the right product, to the right place at the right time to our growing consumer base and athletes around the world,” said Under Armour CEO and Founder Kevin Plank. “We are pleased to collaborate with Baltimore County and the State to create economic and job opportunities for the greater Baltimore community and Maryland as a whole.”
The facility, which is expected to open in the summer of 2018, will feature state-of-the-art equipment and systems to enhance Under Armour’s product distribution to its growing base of e-commerce consumers.
“Baltimore County proactively put key pieces in place to make Tradepoint Atlantic’s Sparrows Point site attractive to business. We initiated creation of the Chesapeake Enterprise Zone, established a foreign trade zone to facilitate global commerce and set up training systems for distribution operations workers,” said Will Anderson, Director of the Baltimore County Department of Economic & Workforce Development.
Under Armour joins FedEx Ground and Pasha Automotive as tenants of Tradepoint Atlantic, a 3,100 acre development that is one of the largest economic development projects on the East Coast. The project features a unique combination of access to deepwater berths, railroads and highways that is ideal for global distribution and advanced manufacturing.
“Our vision for Sparrows Point is to attract world-class companies that want to take advantage of Baltimore’s deep talent pool, prime mid-Atlantic location and integrated transportation network,” added County Executive Kamenetz. “We’re well on our way to fulfilling that vision and bringing 10,000 jobs back to Sparrows Point.”