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17,000 new jobs supported

Baltimore County Executive Don Mohler has submitted a public infrastructure agreement to the County Council to support Tradepoint Atlantic’s development of 3,200 acres at Sparrows Point.

Public roads, water and sewer infrastructure would support over 17,000 new jobs and $3 billion in economic impact. An analysis commissioned by the County from RKG Associates projects $294 million in County tax revenues through 2048 as a result of development at Tradepoint Atlantic.

“Securing 17,000 new jobs and $3 billion in economic impact anywhere in the County has a positive impact everywhere in the County,” said County Executive Don Mohler. “With proper infrastructure investment, Tradepoint Atlantic will be a transformational economic development project for the County and the entire region.”

Tradepoint Atlantic is turning a vacant 3,200 acre industrial site into a global logistics hub. The redevelopment of the former steel mill site is Baltimore County’s largest economic development project in over a generation.

Proposed Agreement

Under the proposed agreement, which must be approved by the County Council, Baltimore County would reimburse Tradepoint Atlantic for up to $34 million in road construction costs and up to $44 million in water and sewer infrastructure.

“It took months to reach this agreement, but the wait was worth it. This is a much better deal for county taxpayers than the original proposal,” said County Executive Mohler.

The County will reimburse Tradepoint Atlantic for road costs through a portion of the funds that the State of Maryland pays to Baltimore County for new projects within a designated Enterprise Zone.

Water and sewer infrastructure would be funded through the Metropolitan District Fund [Metro], a program designed to fund public water and sewer projects.

Independent Analysis

“We’ve done our due diligence to be certain that our investment in public infrastructure at Tradepoint Atlantic is a good deal for the people of Baltimore County in terms of new jobs and increased revenue to the County,” said Mohler. “That’s why we asked a third-party consultant to conduct an independent economic and fiscal impact analysis.”

The RKG Associates Economic & Fiscal Impact Analysis and Revenue Projections report is available on the Baltimore County website.

Council Action

“Tradepoint Atlantic has the potential to bring thousands of jobs to our county. The Council looks forward to thoroughly studying the agreement and hearing from all stakeholders,” said Council Chair Julian Jones.

The Baltimore County Council is scheduled to discuss the Tradepoint Atlantic public infrastructure agreement at a December 11 public work session.

Tradepoint Atlantic Companies

FedEx, Amazon, Under Armour, Pasha Automotive, Gotham Greens and Perdue are among the companies that already have opened or signed leases for new facilities at Tradepoint Atlantic in Sparrows Point.

“There already are more people working at Tradepoint Atlantic today than when the steel mill closed in 2012,” said Mohler.


4.0% bests Maryland rate for the month

 

In just one month, 1,400 people came off unemployment in Baltimore County. The Baltimore County unemployment rate is now 4.0%, a significant drop of .3% over the previous month, and lower than the Maryland’s September rate.

“This is great economic news. We all benefit when more people bring home a paycheck,” said Baltimore County Executive Don Mohler.

The leisure and hospitality and government sectors saw the most job gains.

Employment growth is driven by job creation in new business developments throughout the County, including Tradepoint Atlantic, downtown Towson, Owings Mills and expansions of the County’s major health care facilities.


Technology internship program assists businesses

By Sara Trenery, Baltimore County Economic and Workforce Development

The race is on to recruit top tech talent. And Maryland’s colleges and universities are training some of the best.

Hiring an intern can help businesses get a jump on the best talent. Internships can be a valuable tool, both for businesses looking to develop a local talent pipeline and for students interested in getting some real world business experience prior to graduation.

The Maryland Technology Internship Program (MTIP) can help companies tap into talent at our colleges and universities. The program also helps Baltimore County retain top talent by increasing the number of paid technical internships.

Internship Funding Available

Internship funding is now available to tech-based businesses offering paid internships. Preference will be given to smaller businesses and employers seeking interns to fill technical and creative roles that require science, technology, engineering, and/or math (STEM) skills. 

Funded by the State of Maryland and administered by the University of Maryland Baltimore County (UMBC), the program offers financial assistance to technology-based businesses and local agencies to hire more interns from all Maryland higher education institutions.

The Maryland Technology Internship Program can reimburse employers for up to 50% of an intern’s wage and up to $3,000 annually per intern.

If you are recruiting candidates for internships, review the MTIP program details and apply now for the spring semester.

Top tech talent can be just a click away.

Need guidance on setting up an internship program? Learn from the experts on how to get started with your own internship program, recruit students, and develop a pipeline of future employees. Baltimore Collegetown Network will hold an Internship Bootcamp on Wednesday, November 28, 8:30 - 11:00 am at Loyola University Maryland Timonium Graduate Center, Room 32, 2034 Greenspring Drive, Lutherville, Maryland 21093. Bootcamp topics include internship basics, best practices, supervising and communicating with students, recruiting, and more. Event details at the Collegetown Network website


 
 
Revised September 11, 2017