Why Baltimore

Thriving port and easy access via rail, air and highways and Baltimore’s location in the densely populated and economically vibrant Washington, DC – Boston corridor is a prime asset for its continued economic development. The City is within an overnight drive to half of the country’s population.

In addition, being home to The Johns Hopkins Hospital and the University of Maryland Medical System, as well as many other anchor institutions, provides Baltimore with a unique opportunity to partner with and harness their resources into investment and development in the City’s neighborhoods. Baltimore also has six key industry sectors which present future growth opportunities – financial & professional services, health & bioscience technology, culture & tourism, information & creative services, logistics, and advanced manufacturing.

The City’s diverse population is stable and growing, slowly reversing decades of population loss. Baltimore is the 26th largest city in the nation and accounts for roughly 23 percent of the region’s total population of 2.7 million. Housing prices in many parts of the City are well within reach of many families and are significantly lower than many surrounding counties and the Washington, DC market, making Baltimore attractive to potential new residents.

Population

Baltimore City	Households	Population	Population Metro*	Maryland
2000	257,996	651,154	2,552,994	5,296,486
2010	249,903	620,961	2,710,489	5,773,552
2020**	261,975	634,100	2,881,500	6,224,550

*Baltimore City, Anne Arundel, Baltimore, Carroll, Harford, Howard, and Queen Anne’s counties

**Projections</small>

Population Distribution ^2,3 (2014)

Age	Number	Percent
Under 5	41,301	6.6
5 - 19	106,938	17.2
20 - 44	240,195	38.6
45 - 64	155,496	25
65 and over	77,919	12.5
Total	622,793	100.0
Median age:	34.7 years

Business and Industrial Property ⁶

Within eight miles of a national and international airport, convenient Amtrak rail stations, and a world-class port, the City is highly accessible by many different modes of transportation. Its proximity to major East Coast cities makes it an attractive location for many businesses. If your business is interested in increasing exports and growing globally into new markets, please contact us at info@baltimoredevelopment.com.

Transportation
Highways:	I-70, I-83, I-95, I-395, I-695, I-895, U.S. 40, MD 295 (Baltimore-Washington Parkway) – a total of 32 primary roadway miles
Mass Transit:	MARC commuter rail linking Baltimore with Washington, D.C; light rail connections to BWI airport, northern and southern metro suburbs, and industrial parks; Metro (subway) connections from northwest suburbs directly to Johns Hopkins medical campus; municipal bus service to surrounding metropolitan counties; private bus service to rest of state, other major cities.
Rail:	Freight - CSX Transportation, Norfolk Southern Railway, Canton Railroad; Passenger - Amtrak
Truck:	Over 120 local and long-distance trucking establishments serve the City
Water:	Port of Baltimore–50’ dredged channel, Panamex Class capability, seven public terminals, Intermodal Container Transfer Facility, and passenger/tourism Cruise facility
Air:	Baltimore/Washington International Thurgood Marshall Airport (BWI)–5 concourses (4 domestic, 1 international/swing); 68 jet gates, 5 gates dedicated to commuter aircraft; 4 scheduled cargo airlines; 395,000-square-foot Air Cargo Center includes a 60,000-square-foot cargo building in the Midfield Cargo Complex; Foreign Trade Zone; 17-acre air cargo ramp; ramp parking for 17 aircraft with direct nose-in access for 8 freighters

Port of Baltimore Facts:

• Most centrally located deep water port and one of only two ports on the East Coast that can accommodate the new Post-Panamax ships
• The Port was #1 in roll on and roll off for the past five years
• Trucks can reach 35 percent of U.S. manufacturing base and 32 percent of its population overnight
• In 2014, the Port of Baltimore’s total commerce was 29.5 million tons with a total value of $52.5 billion
• Competitive transit times make Baltimore the logical choice for many businesses who want to expand globally

Baltimore City and the BDC are committed to helping businesses increase exports and grow internationally into new markets. If you are interested in learning more, please contact BDC at info@baltimoredevelopment.com.

For businesses to grow and thrive, it is important to attract the right talent. BDC and the Mayor’s Office of Employment Development (MOED) can assist businesses to find the workforce they need to succeed.

The Mayor’s Office of Employment Development (MOED), provides businesses with a pipeline of qualified, skilled job candidates and supports businesses in retaining and developing their employees. MOED offer customized workforce solutions including outreach and recruitment, applicant prescreening, assessment and testing services, tax credit information, human resources support and training funds for new or existing employees. To find out more about MOED’s services please visit www.oedworks.com For all other information, please contact BDC at info@baltimoredevelopment.com.

Employment ⁴ (2014, By Place Of Work)

Industry	Establishments	Annual Avg.Empl.	Emp.%	Avg.Wkly.Wage
Federal government	79	10,066	3.0	$1,565
State government	126	34,727	10.4	1,229
Local government	220	24,408	7.3	1,127
Private sector	13,291	264,865	79.3	1,194
Construction	749	10,319	3.1	1,195
Manufacturing	419	10,819	3.2	1,073
Trade, transportation and utilities	2,925	41,042	12.3	1,077
Information	196	4,164	1.2	1,632
Financial activities	1,261	16,180	4.8	2,592
Professional and Business services	2,560	42,386	12.7	1,195
Education and health services	1,727	100,039	29.9	1,220
Leisure and hospitality	1,785	29,665	8.9	541
Other services	1,659	10,245	3.1	770
Total	13,716	334,066	100.0	1,196

Labor Availability ^3,4,5 (By Place Of Residence)

Civilian Labor Force (2015 avg.)	City	Labor Mkt. Area*
Total civilian labor force	295,482	1,215,571
Employment	272,756	1,148,202
Unemployment	22,726	67,369
Unemployment rate	7.7%	5.5%
Residents commuting outside the city to work (2010-2014)	Number 102,059	Percent 38.7%
Employment in selected occupations (2010-2014)
Management, business, science and arts	106,319	39.5%
Service	56,967	21.2%
Sales and office	62,470	23.2%
Production, transp. and material moving	27,164	10.1%

*Baltimore City and Anne Arundel, Baltimore and Howard Counties

With 13 colleges and universities in Baltimore City alone, there is an increasing pool of talent for employers to choose from. As of 2014, according to the U.S. Census, 30 percent of residents have Bachelor’s or higher (workers over age 25) and 84.4 percent are high school graduates.

Baltimore is also the eighth largest destination for millennials in the country. Baltimore continues to experience a growth in the number of Millennials living in the City. From 2010, the total number of persons aged 25 to 34 increased by 10.5% or nearly 11,000 persons. As of 2014, nearly one out of every 5 City residents is between the ages of 25 and 34.

Schools and Colleges ^3,8

Educational Attainment - age 25 & over (2010-2014)
High school graduate or higher		80.9%
Bachelor’s degree or higher		27.7%
Public Schools
Number: 44 elementary; 74 middle/combined; 19 high
Enrollment: (Sept. 2015)		83,666
Cost per pupil: (2013-2014)		$15,123
Students per teacher: (Oct. 2014)		15.6
High school career / tech enrollment: (2015)		8,393
High school graduates: (July 2015)		4,050
Nonpublic Schools Number: (Sept. 2015)		138

Higher Education (2015)	Enrollment	Degrees
2-year institution
Baltimore City Community College	4,597	405
Major 4-year institutions
Coppin State University	3,108	491
Johns Hopkins University	22,685	7,199
Loyola University Maryland	6,050	1,607
Maryland Institute College of Art	2,215	595
Morgan State University	7,725	1,225
Notre Dame of Maryland University	2,612	730
University of Baltimore	6,229	1,477
University of Maryland, Baltimore	6,329	2,067