Economic Outlook - June 8 2012 Final

7/31/2019 Economic Outlook - June 8 2012 Final

1/24

HarfordCounty

Economic

Outlook

June8,2012


2/24

ArewethereYet?Harford

Count

Economic LandscapeToday

NearTermbusinessoutlookfor

,


3/24

BRAC Impact

1,818,247 SF of New Commercial Activity since

n ar or (source: BMC May 2012)

526,000 SF of new office construction at theGATE Enhanced Use Lease

40% of all commercial develo ment in the

country was in the Baltimore/Washington

Re ion durin the hei ht of BRAC accordin to

CoStar


4/24

Retail Growth & Expansion


5/24

New Corporate Office Parks

Fieldside Commons

AberdeenCorporatePark


6/24


BusinessPark

TheGATEOffice&TechnologyPark


7/24


HickoryRidge

WatersEdge

Corporate

Campus


8/24

Getting Results

8.8%

%of

Change

Q2

2011

Wage

Growth

HarfordCounty

3.3%

4.9%

MontgomeryCounty

HowardCounty

1.8%

2.1%

.

AnneArundelCounty

PrinceGeorge's

1.1%

1.1%

BaltimoreCity

FrederickCounty

HarfordCountyhadthefastestovertheyearwagegrowthamongMDs 8

largecounties

and

the

3

rd

fastestnationwide

from

Q2

10

to

Q2

11

an

8.8%

increase Source:USBLS


9/24

Getting Results

IncreasedLabor

Force

136,000

138,000

130,000

132,000

,

126,000

128,000

2010 2011 2012

Source:USBLSAnincreaseof6,410jobswereaddedtotheLaborForce

fromFebruary

2011

to

February

2012


10/24

New Homes Planned

Total

New SubdivisionsPlanned 39

um er o n ts anne(includesSFH,TH,APT/CONDO) 6,032

,TotalPermits Issued 1,463

HarfordCountyPlanning&ZoningDec.2011


11/24

Housing Market

2550

UnitsSold

2450

2500

2350

2400

2200

2250

2008 2009 2010 2011

RBI/MRIS2012


12/24

Housing Market

1400

HarfordCountyForeclosureEvents

1000

1200

600

800

0

200

2009 2010 2011

MarylandDept.ofHousing&CommunityDevelopment


13/24

Housing Market

270 000

AverageSoldPrice2011Present

$250,000

$260,000

$220,000

$230,000

,

$200,000

,

n

11

b

11

r11

r11

y

11

n

11

ul11

g

11

p

11

ct11

v

11

c

11

n

12

b

12

r12

r12

J F M A MJ J A S O N D J F M A

RBI/MRIS2012


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New APG 87NEWDefense ContractorsMoved to Harford CountyGalaxy GlobalGDITGeneral Dynamics C4 SysHarris Corporation

Potomac FusionQED SystemsQinetQQuantum Research

AASKIACE ElectronicsACETAlion Science

Inmarsat

Janus Research Group, Inc.JRAD, Inc.Kalman

Rockwell Collins

RSC2Sabre Systems, Inc.Shonborn-Becker Systems

Avenge Inc.

Avon ProtectionBlue CanopyBoeing Co.

LinQuestLockhead Martin GlobalLockwood Group

MacB Enterprise

SOTERA Defense SolutionsSRCSRI International

Strategic Alliance

BRTRCCACICGI Federal

Chesapeake Testing

Melvin May AssociatesMITRE CorporationModus OperandiMotile Robotics

SURVICE MetrologySymbolicSyracuse Research CenterSystek

Data Matrix Solutions, Inc.Data TacticsDefense Contract Mgmt AgencyDRC Dynamics Research Corporation

an ac ne ys ssesmMSA Manufacturers Svcs Assoc.MTEQNetcentricNextGen Federal Systems

ys ems ec no ogyTAPETelcordia Technologies, Inc.Telford AviationTelos

DSADSCIElbitEngineering Solutions Products, ESP

o sNorthrop GrummanOPTEC Inc.ORISEOSI Guidance Systems

TriburonU.S. FalconVetTCorpWYLE

nv ron cs , nc.EnvisionEOIR TechnologiesEPSFuture Skies


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Defense Workforce

Over6,000

hold

positions

with

Harford

County

DefenseContractors

APG

Population

21,606 , ary

12,884Civilian

6,024Contractors

OutlookFederalBudget,ContractAwardsares ow, res en a ec on


16/24

Manufacturing & Distribution


17/24

Harfords Economic Landscape

HouseofCards

WatersEdgeConferenceCenter

Marketing

g

ec

manu ac ur ng

r c e

o ay InternationalTradeandOutreach

FederalContractOversight


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Federal Contract Activity

Defense ContractorAwards

March throu h Ma 2012

HarfordCountyRelatedAwards $864,731,034.00

HarfordCountyCompanyAwards $130,639,564.00

, , .

APG ContractCommandAwards $668,083,879.00

HarfordCountyOfficeofEconomicDevelopment


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PotentialHarford

County

Awards

or per orme n ar or ounty y

OutsideCompanies$363,786,559.00

outsideHarfordCounty167,842,345.00

Work performedbytaskorderand

Companybased

outside , , .



20/24


Harford CountyCompanies

Awarded

Contracts

nv ronmenta gewoo

(workbeingdoneinAlaska)$17,997,685.00

, , .

SmithsDetectionofEdgewood $27,488,727.00

, , .



21/24

Dedication of C4ISR Building to

. .

PatBlair

pictured

with

MG

Robert

Ferrell

&

MG

Lee

S.

Price


22/24

Entrepreneurial Suppor t

Partnerwith

local,

state

&

federal

organizations

to

rovideaccesstoinformation resourcesand

networks

SBDC Ex ort101Worksho

Complyingwith

US

Export

Controls

GSAProposalDevelopmentforITSchedule70

Roa toRevenue Deve opanAggressiveMar eting Sa esP an

SmallBusiness

Liaison

Officer

Training


23/24

Near Term Goals

Universityof

Research

Park

STEM

u c r vate artners pstoac evegrowt

StateandCountyBudgets

HarfordCounty

StrengthsSmart

Workforce,

Location,Location,LocationandResearch


24/24

Economic Outlook - June 8 2012 Final

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