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Keyword: sparrows point

Baltimore County Executive Kevin Kamenetz today issued the following statement regarding the Maryland Public Service Commission’s (PSC) decision to award offshore wind renewable energy credits to two projects to be built off Maryland’s coast:

“The PSC’s decision creates a tremendous opportunity for Maryland to become a national leader in a new American industry. With the nation's first large-scale offshore wind projects, we will be able to protect our environment and support renewable energy solutions — all while we grow our economy.

“I commend the PSC for promoting environmentally sound policies that require port modernization at Tradepoint Atlantic and open the opportunity for a new steel fabrication plant at Sparrows Point. Baltimore County has unique assets here that can meet the needs of global manufacturers that support this 21st century industry.  

“Together we can transform our county and our state into the East Coast hub for offshore wind manufacturing and logistics.”

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.

17,000 jobs 

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.”

Revised September 26, 2016