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Keyword: tradepoint atlantic

Company bringing 150 jobs to Tradepoint Atlantic

Tons of tile and flooring products will soon be imported through the Port of Baltimore to a 1.5 million square foot Floor & Decor distribution center at Tradepoint Atlantic. The center will bring 150 new jobs to Sparrows Point in eastern Baltimore County. 

“This is what 21st century job creation looks like. We are excited to welcome a rapidly growing company like Floor & Decor to the growing list of companies at Tradepoint Atlantic,” said Baltimore County Executive Johnny Olszewski.

Floor & Decor is a specialty retailer of tile, wood, laminate and natural stone flooring and accessories. Headquartered in Smyrna, Georgia, near Atlanta, their warehouse-format stores are located throughout the United States.

The Floor & Decor distribution center is expected to open at Tradepoint Atlantic in late 2019.

Floor & Decor will receive a $70,000 conditional loan from Baltimore County to support costs of equipment at the facility, including materials handling equipment, racking and IT hardware. The loan must be approved by the Baltimore County Council.  

The state, through the Maryland Department of Commerce, is supporting the project with a $700,000 conditional loan.                                          

Baltimore County Supporting Job Growth

“By continuing to support the businesses of tomorrow, we can continue Sparrows Point’s transformative redevelopment into a vibrant hub for global commerce,” Olszewski said.

The County initiated creation of the Chesapeake Enterprise Zone and established a foreign trade zone to expand global commerce. Through its Job Connector program, Baltimore County is facilitating employee recruitment for companies locating at Tradepoint Atlantic.

In early 2018, Baltimore County was awarded a $20 million grant by the U.S. Department of Transportation for infrastructure improvements and expansion of aging marine facilities at Tradepoint Atlantic.

Bringing Jobs Back to the Point

“There are more than 17,000 jobs on the horizon when Tradepoint Atlantic is fully developed. There already are more people working at Sparrows Point today than when the steel mill closed there in 2012,” Olszewski said.

Amazon, FedEx Ground, Pasha Automotive, Under Armour and Gotham Greens are among the companies bringing new jobs to Tradepoint Atlantic and Baltimore County.

When fully developed, Tradepoint Atlantic will generate 17,000 permanent jobs in the Baltimore region, plus another 21,000 jobs during construction. Economic impact is projected to top $3 billion by 2025, according to a Sage Policy Group study.


Tradepoint Atlantic to increase MBE/WBE requirement, project labor transparency and donate land for recreation

County Executive Johnny Olszewski and Tradepoint Atlantic officials announced that they have collaborated to significantly enhance the benefits that the community will receive from a pending public infrastructure agreement to support redevelopment of Sparrows Point into a global logistics hub.

After negotiating these new community benefits, County Executive Olszewski announced his support for the pending deal which is scheduled to be voted on by the Baltimore County Council later today.

“By engaging our communities and working in partnership with Tradepoint Atlantic, we took a good deal and made it even better,” said Olszewski.  “Growing up in the shadow of the steel mill, I’ve seen firsthand how transformative this project can be and am proud to support this agreement which will expand opportunity for the community.”

“Since the beginning of this project over four years ago, we have been actively engaging the community as we work to transform Sparrows Point.  We are proud of the strong community partnerships that have been forged and are committed to working with all public stakeholders to ensure this generational project is a success we can all be proud of,” said Aaron Tomarchio, Senior Vice President of Tradepoint Atlantic.

Tradepoint Atlantic has agreed to convey to the County a substantial parcel of environmentally clean, developable, accessible land for a new public park. The developer will work with the private sector to seek funding for amenities for the land that could include multi-purpose fields or other recreational features.

MBE Goals and Labor Transparency

Ahead of a County Council vote on a public infrastructure support agreement, Tradepoint Atlantic also has agreed, at the request of County Council members and the County Executive, to increase the minority business requirements for the infrastructure improvements from 15% to 20%, and improve reporting transparency for project labor agreements.

“The redevelopment of Tradepoint Atlantic is a fresh start for our district and the whole region and I thank County Executive Olszewski and Tradepoint Atlantic for working to add much-needed lifestyle amenities for the local community,” said 7th District Councilman Todd Crandell. “We have been seeking an opportunity for rec and open space on the site and I am glad the commitment has been made.”

"I strongly encouraged Tradepoint Atlantic to increase their minority contractor participation because it is important that when we make public investments, everybody gets a seat at the table,” said Council Chair Julian E. Jones.

“When we invest taxpayer dollars, it is particularly important that developers be accountable for their commitments to labor and their obligation to engage community,” said 2nd District Councilman Izzy Patoka.

The proposed infrastructure agreement already includes the donation of land to the County for a new Fire and Police facility that would serve the Tradepoint Atlantic businesses and nearby communities. 

Public roads, water and sewer infrastructure would support more than 17,000 new jobs and $3 billion in economic impact.


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.


 
 
Revised September 11, 2017