Post on 01-Jan-2016
Innovation Efficiency Consolidation
Beyond BRAC Conference:“Shining the Light
on Innovation and Opportunityin the CSSC Region”
September 28, 2011
Dan Gundersen, Executive DirectorDepartment of Economic Development
Baltimore CountyThe Diversified Growth
Economy
Innovation Efficiency Consolidation
Our Expectations
• 14,000 new direct jobs at APG and Fort Meade
• Each direct jobs generates 1-2 additional “indirect” and “induced” jobs
• Maryland: 45,000 new jobs (direct, indirect and induced)
• Baltimore Region– 36,500 new jobs (direct, indirect, induced)
– 19,400 new HH
• Baltimore County– 3,900 new jobs (9%: direct, indirect, induced)
– 3,600 new households (19%)
– Annual Tax Revenue 2005-2015
• $18 million property taxes
• $10 million income taxes
Innovation Efficiency Consolidation
Our Reality
• 5% (v 19%) of BRAC relocatees to date settled in Baltimore County—130 personnel
• One BRAC cyber contractor at UMBC
Innovation Efficiency Consolidation
Related Positive Developments
• Funds from DOD’s Office of Economic Adjustment through the CSSC enabled Baltimore County to do significant planning to make the Pulaski Highway Corridor a future location for new BRAC and non-BRAC development
• The MD43 Corridor has experienced new demand for residential development
• BRAC was one catalyst for the County to work with MDOT to explore how the Middle River MARC station might better complement TOD at the former GSA Depot
Innovation Efficiency Consolidation
Lessons Learned
• Why do people move where they do?
– Shorter distance to New Jersey
• Easier to Maintain Existing Relationships
– Draw of Exurbia
• Younger Demographics
• Attractive Housing Price Point
• Suburban-like Amenities
• Fundamentals of economic development
– Proximity to prime customers
– Benefits of a diversified economy
Innovation Efficiency Consolidation
Diversified Growth Economy
• Baltimore County’s economy is extremely diverse
• Only 5% of Baltimore County’s residents are Federal employees, and only 5% of the jobs located in Baltimore County are with Federal agencies
• Federal jobs make up a smaller share of total jobs in Baltimore County than they do for the State of Maryland
• On a per capita basis, Baltimore County’s share of total federal expenditures is actually just below the national average
– Concentrated in programs such as cyber security and the administration of Medicare and Social Security that may be better positioned to withstand budget cuts than are more traditional defense systems (fighter jets, ships) and entitlement benefit payments
Innovation Efficiency Consolidation
Moving Forward
• County developing Economic Development Operations Strategy– Nine investment
opportunity areas– Includes detailed
development plans for Middle River
– Economic Diversity as Strength
• Focus on Woodlawn Federal facilities and cyber opportunities at UMBC/Fort Meade
Towson
OwingsMills
LibertyRoad
FederalCenter at Woodlawn
UMBC
SoutheastIndustrial
Area
MD43-MiddleRiver
WhiteMarsh
I-83-Hunt
Valley