12
Baltimore County 2012 GROWTH & PROGRESS REPORT A supplement to March 2012 Smart (re)development Research suggests that many younger workers are looking for different working and living environments than their parents and grandparents. Many young, prosperous Americans are moving to so-called “new urbanism” areas that offer amenity-rich live/work op- tions in walkable communities with easy transit op- tions. Baltimore County is focused on creating business communities that meet the needs of these young, well- educated workers as the county’s developed, urban- ized employment centers continue to mature. The challenge is how to work with the development com- munity and property owners to convert obsolete com- mercial buildings and underused, disconnected spaces into vibrant places for people to live and work. As one of the first counties in the United States to establish what today is called “smart growth,” Balti- more County’s land use policy provides the foundation for creating exciting mixed-use live/work settings. Central to the way Baltimore County has developed is the simple concept of delineating two distinct land management areas — the urban area and the rural area. An urban-rural demarcation line (URDL) was formally established in 1967. The urban areas receive public water and sewer infrastructure to accommo- date employment, retail and residential development. The rural areas continue to rely on private well and septic systems, helping to ensure the area’s continued use for agricultural and natural resource protection, open space and low-density rural residential uses. Comprehensive master plans followed, adding urban and rural zoning to reduce the influx of inefficient, low-density sprawl. The county also assured there would be room for sustainable growth by identifying priority funding areas, employment centers and growth areas. Today, Baltimore County remains one of the largest counties in the United States with no incorporated cities, with 612 square miles of land, 200 miles of waterfront, and a diverse population topping 800,000. The U.S. Census confirms that White Marsh and Owings Mills, officially designated as growth areas in the mid-1980s, have be- come the county’s fastest growing population centers. Baltimore County is making significant strides to- wards creating compact, neo-traditional town centers to accommodate businesses seeking to hire young professionals. So-called “new urbanism” projects in Owings Mills and downtown Towson already are tak- ing shape. Owings Mills Construction began in summer 2011 for the Metro Center at Owings Mills, the $30 million centerpiece of a mixed-use, transit-oriented development at the Metro subway station. The 120,000-sq. ft., six-story building will be home to the largest branch of the Bal- timore County Public Library and a center for the Community College of Baltimore County. General Growth Properties and Kimco, national l zeaders in shopping center development and manage- ment, have formed a joint venture partnership to re- develop the 25-year-old, 1 million-sq. ft. Owings Mills mall. Greenberg Gibbons, an Owings Mills developer, has proposed a walkable town center anchored by Wegmans on a site at Reisterstown and Painters Mill Roads. More than 577,000 people with average household incomes topping $82,000 live within 10 miles of the Owings Mills mall, according to 2011 Nielsen Co. esti- mates. The Owings Mills business community includes headquarters for CareFirst, Medifast and Baltimore Compact town centers offer business opportunities New urbanism projects in Towson (left) and Owings Mills are under construction, featuring a walkable mix of office, residential and retail space. BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT See smart (re)development 9 Positioned for growth Baltimore County is home to industry leaders in high-growth sectors such as healthcare IT, cybersecurity and digital media. page 4 Innovation Creating the next big thing takes more than a village. page 8 Building the best workforce Baltimore County faces unprecedented demand for workers in cybersecurity and healthcare IT. page 11 Baltimore County is focused on creating business communities that meet the needs of young, well-educated workers.

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Page 1: Baltimore County Growth 2012 v3 TDR Daily · 2017-07-15 · MARCH 2012 THE DAILY RECORD 3 BALTIMORE COUNTY GROWTH Economic Development Contacts Daniel C. Gundersen ... disposable

Baltimore County 2012 GROWTH &

PROGRESS REPORT

A supplement to

March 2012

Smart (re)development

Research suggests that many younger workers arelooking for different working and living environmentsthan their parents and grandparents. Many young,prosperous Americans are moving to so-called “newurbanism” areas that offer amenity-rich live/work op-tions in walkable communities with easy transit op-tions.

Baltimore County is focused on creating businesscommunities that meet the needs of these young, well-educated workers as the county’s developed, urban-ized employment centers continue to mature. Thechallenge is how to work with the development com-munity and property owners to convert obsolete com-mercial buildings and underused, disconnected spacesinto vibrant places for people to live and work.

As one of the first counties in the United States toestablish what today is called “smart growth,” Balti-more County’s land use policy provides the foundationfor creating exciting mixed-use live/work settings.Central to the way Baltimore County has developed isthe simple concept of delineating two distinct landmanagement areas — the urban area and the ruralarea. An urban-rural demarcation line (URDL) wasformally established in 1967. The urban areas receivepublic water and sewer infrastructure to accommo-

date employment, retail and residential development.The rural areas continue to rely on private well andseptic systems, helping to ensure the area’s continueduse for agricultural and natural resource protection,open space and low-density rural residential uses.Comprehensive master plans followed, adding urbanand rural zoning to reduce the influx of inefficient,low-density sprawl.

The county also assured there would be room for

sustainable growth by identifying priority fundingareas, employment centers and growth areas. Today,Baltimore County remains one of the largest countiesin the United States with no incorporated cities, with612 square miles of land, 200 miles of waterfront, anda diverse population topping 800,000. The U.S. Censusconfirms that White Marsh and Owings Mills, officiallydesignated as growth areas in the mid-1980s, have be-come the county’s fastest growing population centers.

Baltimore County is making significant strides to-wards creating compact, neo-traditional town centersto accommodate businesses seeking to hire youngprofessionals. So-called “new urbanism” projects inOwings Mills and downtown Towson already are tak-ing shape.

Owings Mills Construction began in summer 2011 for the Metro

Center at Owings Mills, the $30 million centerpiece ofa mixed-use, transit-oriented development at theMetro subway station. The 120,000-sq. ft., six-storybuilding will be home to the largest branch of the Bal-timore County Public Library and a center for theCommunity College of Baltimore County.

General Growth Properties and Kimco, national lzeaders in shopping center development and manage-ment, have formed a joint venture partnership to re-develop the 25-year-old, 1 million-sq. ft. Owings Millsmall. Greenberg Gibbons, an Owings Mills developer,has proposed a walkable town center anchored byWegmans on a site at Reisterstown and Painters MillRoads.

More than 577,000 people with average householdincomes topping $82,000 live within 10 miles of theOwings Mills mall, according to 2011 Nielsen Co. esti-mates. The Owings Mills business community includesheadquarters for CareFirst, Medifast and Baltimore

Compact town centersoffer business opportunities

New urbanism projects in Towson (left) and Owings Mills are under construction, featuring a walkable mix of office, residential and retail space.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

See smart (re)development 9

Positioned for growth Baltimore County is home to industry leadersin high-growth sectors such as healthcare IT,

cybersecurity and digital media.

page 4

Innovation Creating the next big thing takes more than a village.

page 8

Building the best workforce Baltimore County faces

unprecedented demand for workers in cybersecurity and healthcare IT.

page 11

Baltimore County is focused oncreating business communitiesthat meet the needs of young,well-educated workers.

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We’re Proud To Call Baltimore County

Our Home.

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THE DAILY RECORD 3MARCH 2012BALTIMORE COUNTY GROWTH

Economic Development ContactsDaniel C. Gundersen Executive Director

Helga Weschke Chief of Business Development

Edward Fangman Chief of Workforce Development

Sharon Klots Chief of Policy and Planning

Stanley Jacobs Chief Financial Officer

Leslie PacholChief of Staff

Baltimore County Department of Economic Development105 W. Chesapeake Ave., Suite 300Towson, Md. 21204

Phone410-887-8000

Email [email protected]

Websitewww.baltimorecountymd.gov/business

// From the county executive //

County positioned well forcontinued business growth

For decades Baltimore County has demonstrated disciplined leadershipand strong financial management. As a result of prudent public decisions andsmart infrastructure investments, we have attracted entrepreneurs and privatecapital to support corporate scale-up and sustain strong business growth.

Baltimore County is performing well in the economic recovery, althoughthe recession has left significant fiscal challenges for the business communityand every level of government. We are committed to developing new strategiesthat best position our county for continued business growth while maintaininga superior quality of life for our residents.

Shortly after taking office in December 2010, I announced the consolidationof four departments, which included the merger of the Office of WorkforceDevelopment into the Department of Economic Development. Our goal wasto better link job opportunities in the private sector with residents seekingjobs and to help businesses respond more quickly and effectively to ever-changing economic conditions.

We recruited new talent into department leadership positions, streamlinedkey functions and analyzed programs to better meet customer needs.

As a result, the new Department of Economic Development is able to bettercoordinate its services to businesses and job seekers.

We invite you to learn more about the opportunities to grow your businessin Baltimore County.

Sincerely,

Kevin KamenetzBaltimore County Executive

AAI ..........................................4, 5, 8Ace Logistics ..................................5ADP ..........................................4, 7, 9Alban Tractor Co...........................5, 6Allegis/Erickson Living....................5Bakery Express ............................5, 7Baltimore Life Cos.....................4, 7, 9BD Diagnostic Systems ............3, 5, 6Big Huge Games ..............................3Bill Me Later ....................................5BP Lubricants..................................5Brave New Markets ..........................8BreakAway ..................................3, 8BusinessSuites................................9Carchex ..........................................6CareFirst BlueCross Blue Shield....7, 9Case Mason ....................................6Caves Valley Partners ......................9

CDS Logistics ..................................5Chesapeake Systems Solutions ......5Cinemark Theatre at Towson Circle ..6The Cordish Cos. ............................9Cowan Trucking ..............................5Crown Cork and Seal........................6CSC..........................................4, 5, 8Cunningham Kitchen ......................9Diageo ........................................5, 7Digital Steamworks ........................3Direct Dimensions ........................7, 8Doctor Express ................................5Edaptive Systems ........................7, 8Euler Hermes ACL ............................4Evergreen Shipping Agency..............5ExpressCare ....................................5Firaxis Games ..........................3, 5, 6Franklin Square Hospital ..............5, 6

Fuchs Spice ....................................7General Dynamics ................4, 5, 6, 8General Growth Properties ..............1Genesis Healthcare..........................5Global Payments ......................4, 7, 9GM Baltimore Operations ........5, 6, 9Good Samaritan Hospital ................5Greater Baltimore Medical Center 5, 6Green Bay Packaging ......................5Greenberg Gibbons..........................9Greenspring Energy ........................6Havana Road ..................................9Heritage Properties ........................9Home Depot ....................................7Johns Hopkins Physicians Billing

Service ........................................6Kaiser Permanente ..........................5Katz & Luxemburg LLC....................11

Keffa Coffee LLC ..............................9Kelly & Associates Insurance ..........4Kimco ..............................................1Kirk-Habricht ..................................5KoolSpan ........................................8Lion Brothers ..............................5, 7Lockheed Martin ..............3, 4, 5, 6, 8Lutherville Personal Physcians ........5Maricom Systems............................8MarquipWardUnited ........................5Maryland Eye Care..........................11Marshall’s........................................7Medifast..........................................9Middle River Aircraft Systems ..3, 5, 6MileOne ..........................................9Mindgrub ........................................8McCormick ..............................3, 5, 6NeWo Technologies..........................9

Northrop Grumman ..................4, 5, 8Northwest Hospital ......................5, 7Oculis Labs......................................8PaRaBal ..........................................5Patient First ....................................5Pay Pal ....................................4, 5, 6Pevco ..............................................5PHH ................................................6Procter & Gamble Beauty ............3, 5Remedi SeniorCare..........................8Roadnet Technologies......................5RG Steel ..........................................5RTGX ..............................................8SAFT America ..........................5, 8, 9St. Joseph Medical Center ............5, 6Saver Automotive ............................5Sheppard Pratt Health System ....5, 6Solaroad Technologies Inc. ..............9

Spring Grove Hospital Center ..........7Stanley Black & Decker ............3, 4, 6T. Rowe Price ............................4, 7, 9TechGuard ......................................8Telcordia ........................................8Toyota Financial Services ................9viaPlace ..........................................8Wallenius Wilhelmsen Logistics ......5Walmart ..........................................7Wegmans..................................6, 7, 9Weyerhauser ..................................5White Marsh Transport ....................5Whiting Turner Contracting Co.........6Windspeed Logistics........................5Woofound........................................8Zenimax Online ........................3, 5, 6Zurich America ................................9Zynga East ............................3, 5, 6, 8

COMPANIES IN THIS ISSUE

In the beginning

MicroProse Video game company founded in 1982 by industry pioneer Sid Meier. Landmark games developed at the Hunt Valley studio included Railroad Tycoon,

Pirates! and Civilization.

Today

Firaxis Games, Zynga East, BreakAway, Zenimax, Big Huge

Games, Digital Steamworks MicroProse alumni have established and grown in

Hunt Valley, now one of the largest clusters of video and computer game studios on the East Coast.

In the beginning

Baltimore Biological Labs Johns Hopkins scientists start a company to

commercialize their invention of sterile disposable products, a concept that revolutionized safety in medical and

non-medical settings. BBL was acquired by Becton Dickinson in 1955.

Today

BD Diagnostic Systems More than 1,600 workers at multiple

locations in Hunt Valley and Sparks research, develop and manufacture diagnostic tools

that help to detect and prevent disease.

In the beginning

Noxzema and Noxell Corp.In 1914, Dr. George Bunting began making

small blue jars of Noxzema cream in Baltimore. Product lines expanded to

include Cover Girl cosmetics and other personal care products. Noxell moved to a

modern manufacturing campus in Cockeysville.

Today

Procter & Gamble BeautyNoxell and its products were sold to Procter

& Gamble in 1989. Today, 900 Procter & Gamble Beauty workers manufacture and

distribute Cover Girl cosmetics at the Cockeysville plant.

In the beginning

Glenn L. Martin Co.In 1929, aviation pioneer Glenn L. Martin opened

his first East Coast aircraft factory in Middle River. The campus is a microcosm of aviation

history, from production of World War II bombers to testing for NASA Gemini capsules.

Today

Lockheed Martin andMiddle River Aircraft Systems

Lockheed Martin designs and engineers vertical launching systems for the defense industry.

Middle River Aircraft Systems designs, engineers and manufactures aircraft components.

In the beginning

Black & Decker In 1917, Duncan Black and Alonso Decker design

and manufacture the world’s first portable power drills from a small plant in Towson.

Today

Stanley Black & Decker The company’s 33-acre Construction and D.I.Y.

headquarters in Towson is undergoing a $12 million renovation, with 1,100 workers supporting

design, engineering and testing of Black & Decker and DeWalt products.

In the beginning

McCormick In 1889, Willoughby M. McCormick began selling flavorings door-to-door out of one

room and a cellar in Baltimore. His motto was “Make the Best — Someone Will Buy It.”

Today

McCormickHeadquartered in Sparks, McCormick & Co. is a global leader in the manufacture, marketing

and distribution of spices, seasonings and flavors to the entire food industry. More than

2,000 employees in Baltimore County work in flavor development, testing, manufacturing

and distribution.

It starts with a great idea that spawns an entrepre-

neurial company that grows into an industry leader that nurtures

innovative leaders who start their own entrepreneurial companies that grow into

industry leaders. Going back decades, Baltimore County has its share of

name-brand companies that not only have grown in place, but today

have global reach with local economic impact.

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4 THE DAILY RECORD MARCH 2012BALTIMORE COUNTY GROWTH

Corporate operationscenters/shared services

Given national security concernsand recent natural disasters, compa-nies have become more sensitive to theneed for separate operations centerswith redundant systems and powersources. Baltimore County has an ex-

perienced workforce, excellent facili-ties and the reliable telecommunica-tions infrastructure suited to thoseuses.

The county is home to a number ofheadquarters and major corporate op-erations centers, primarily in the Ow-ings Mills, Hunt Valley/Sparks, WhiteMarsh and Towson areas. Resident

companies represent the financial andinsurance sectors, regional corporateheadquarters, shared service centersand centers for contracted services.

McCormick, T. Rowe Price andStanley Black & Decker Constructionand D.I.Y. are corporate and divisionalheadquarters that have called thecounty home for many years. Major fi-nancial and insurance companies withsignificant Baltimore County locationsinclude ADP, Global Payments, Bill MeLater, Kelly & Associates Insurance,Bank of America, Toyota FinancialServices, Zurich America, BaltimoreLife Cos. and Euler Hermes ACI.

Select corporate operations cen-ters:• ADP• Global Payments• Pay Pal• T. Rowe Price• Travelers

Federal agencies and contractors

A two-mile radius in BaltimoreCounty’s Woodlawn area enjoys a sig-

nificant federal presence, which in-cludes headquarters of the Social Secu-rity Administration (SSA),headquarters of the Centers forMedicare and Medicaid Services(CMS) and the FBI Regional Opera-tions Center. Federal employment forthose agencies totals more than 16,000,making the federal government thesecond largest employer in the Balti-more metro area.

Prime contractors such as CSC,Lockheed Martin, General DynamicsIT, Northrop Grumman and their sub-contractors translate to thousands ofadditional jobs in the area. Small, mi-nority-, veteran- and women-ownedbusinesses benefit from sub-contracts,particularly in the healthcare IT field.

According to the Federal Procure-ment Data Center, the federal govern-ment spent $3 billion in BaltimoreCounty in fiscal 2011. In addition, thefederal government leases 2.4 millionsquare feet of space, spending $37.5million annually on those leases, pri-marily in Woodlawn. A newly desig-nated Federal Center at WoodlawnEnterprise Zone provides tax credits

growthPositioned for

Baltimore County’s diverse business community includes industry leaders in high-growth sectors such ashealthcare IT, cybersecurity and digital media. New markets are opening as companies identify business opportunities within Baltimore County, from healthcare innovations to the increased need for secure shared services to next-generation IT and manufacturing product development.

Port-related industries will benefit from the expanding Port of Baltimore, one of only two East Coast ports with capacity to handle newsuper sized ships.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

Lockheed Martin, one of many prime contractors in Woodlawn supporting contracts at SocialSecurity Administration and Centers for Medicare and Medicaid Services headquarters.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

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THE DAILY RECORD 5MARCH 2012BALTIMORE COUNTY GROWTH

for expanding and upgrading facilitiesand hiring new workers.

County companies also are re-sponding to the security needs of thefederal government. Hunt Valley’s AAIprovides innovative aerospace and de-fense technologies, including un-manned aerial vehicles that areprotecting our country and saving thelives of service people. In Middle River,Lockheed Martin designs and engi-neers vertical launching systems fornavies throughout the world. Entrepre-neurial companies at thebwtech@UMBC Research & TechnolgyPark include PaRaBal, the only com-pany in the country to have a fullApple-based iPhone forensics andtraining lab facility. The firm is provid-ing extensive training to governmentagencies on how to tackle smart phonesecurity issues.

Select companies and federal agencies:• AAI• Centers for Medicare & Medicaid

Services (headquarters)• CSC • FBI Regional Operations Center• General Dynamics IT• Lockheed Martin • Northrop Grumman• Social Security Administration

(headquarters)

HealthcareThe Greater Baltimore region is

known for its world-renowned health-care institutions. Baltimore County ishome to five major hospitals, supple-mented by acute care and long-termcare facilities throughout the county.The healthcare industry accounts formore than 58,000 jobs in the county,and significant capital investment eachyear.

In response to an aging populationand changes in federal healthcare leg-islation, providers are implementingnew models for healthcare delivery.Baltimore County stands to benefitfrom a decentralization trend bringingwellness and medical services out ofhospital settings into specialized facil-ities closer to where patients live andwork. Hospitals are branching out geo-graphically, even as individual physi-

cians’ practices continue to consoli-date under one roof.

Kaiser Permanente’s multi-specialtyfacility in Lansdowne will bring to-gether primary care and specialty serv-ices in one location. Underconstruction and scheduled to open inJune 2013, the four-story, 130,000-sq. ft.facility will mark Kaiser Permanente’sfirst integrated care facility in the Bal-timore area.

Recent projects include a new pa-tient tower at Franklin Square Hospitalthat opened in 2011, a new medical of-fice building at Northwest Hospital,and Mercy Health Systems’ new outpa-tient facility, Lutherville PersonalPhysicians, housed in a renovated for-mer grocery store on York Road. Localcommunity medical facilities ring the I-695 Beltway, with multiple new loca-tions for Doctor Express, ExpressCareand Patient First.

Select healthcare facilities:• Allegis/Erickson Living• Sheppard Pratt Health System• Greater Baltimore Medical Center• Northwest Hospital• Franklin Square Hospital• St. Joseph Medical Center• Good Samaritan Hospital• Genesis Healthcare

Information and advanced technology

From healthcare to logistics, to fi-nancial services and video games, theinformation technology sector in Balti-more County has a deep foundationand a bright future.

Roadnet Technologies in Towsonhelps logistics companies and organi-zations with fleets and mobile re-sources to identify training needs andsolve routing and fleet tracking prob-lems. PayPal provides secure onlinepurchasing through its expanding BillMe Later division, headquartered in Ti-monium. Chesapeake Systems Solu-tions, headquartered in Owings Mills,assists retailers, banks and financialservices companies throughout theworld with automated financial man-agement solutions. Zynga East, Zeni-max Online and Firaxis Games lead awell-established video and game devel-opment community centered in Hunt

Valley. Baltimore County is a nationalhub for healthcare information tech-nology, led by firms such as GeneralDynamics IT, Lockheed Martin Infor-mation Technology and Global Sys-tems, and CSC.

Select IT companies:• Chesapeake Systems Solutions• Lockheed Martin• PayPal • Roadnet Technologies• Zenimax Online• Zynga East

ManufacturingGrowth in manufacturing fuels

growth in other industries. Manufactur-ing provides the greatest economicmultiplier impact of any industry, frompurchasing raw materials and equip-ment to transportation and the entiresupply chain. The industry accountsfor 6 percent of all employment in Bal-timore County, with more than 530manufacturers employing more than19,000 workers. Large manufacturerssuch as McCormick, BD DiagnosticSystems, RG Steel and Pevco are partof Baltimore County’s business com-munity. Made in Baltimore Countyproducts include Cover Girl cosmeticsat Procter & Gamble Beauty, JoseCuervo Tequila at Diageo, long-life bat-teries at SAFT America, and electricmotors for hybrid and plug in vehiclesat GM.

Technology has improved produc-tivity, allowing manufacturers to con-centrate on innovation, quality andconservation. Baltimore County se-cured a U.S. Department of EnergyGrant to help manufacturers increaseenergy conservation through a new“Green Team” initiative implementedby the Regional Manufacturing Insti-tute (RMI). The federal grant, part ofthe 2009 economic stimulus, is help-ing a targeted group of BaltimoreCounty manufacturing companies toreduce energy consumption and opti-mize clean production while savingmoney. Six Baltimore County compa-nies are participating in the program:Acadia Windows & Doors, GM, LionBrothers, MarquipWardUnited, GreenBay Packaging and Kirk-Habricht.The Green Team program focuses onlean-to-green production, valuestream mapping, greening the supply

chain and green product develop-ment.

Select manufacturers:• Bakery Express• BD Diagnostic Systems• Diageo• GM Baltimore Operations• Lion Brothers• McCormick• Middle River Aircraft Systems• Procter & Gamble Beauty• RG Steel• SAFT America• Saver Automotive

Port-related industries and logistics/distribution centers

Located in the heart of the Mid-At-lantic, Baltimore County offers an inte-grated transportation network next tothe Port of Baltimore. Many industrialsites enjoy direct access to heavy railand close proximity to deep water.When the expanded Panama Canalopens in 2014, the Port of Baltimorewill be one of only two East Coastports with the capacity to handle new,supersized ships. In order to reaffirmits position as the top U.S. roll on-rolloff (Ro/Ro) port, the Port of Baltimorerecently signed a 20-year agreement toserve as the East Coast hub for thelargest Ro/Ro carrier in the world, Wal-lenius Wilhelmsen, with service fromDundalk Marine Terminal.

The trade, transportation and utili-ties industry sector makes up 18 per-cent of Baltimore County’s diversebusiness base. Companies such asWhite Marsh Transport, EvergreenShipping Agency, Cowan Trucking andCDS Logistics ensure all aspects offreight transportation efficiently trans-port freight to and from their cus-tomers. Other companies such as BPLubricants, BD Diagnostic Systems,McCormick and Alban Tractor Co. usethe port on a regular basis to move rawmaterials and products.

Select port-related and logistics companies:• Ace Logistics• Cowan Trucking• Evergreen Shipping Agency• Weyerhauser• Wallenius Wilhelmsen Logistics• Windspeed Logistics

Northwest Hospital is an employment anchor along the Liberty Road corridor. BaltimoreCounty’s five major hospitals employ 58,000 people.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

GM Baltimore Operations, which manufactures hybrid and traditional transmissions, isadding electric motor components to its product lines. A $246 million plant expansion willadd 200 new jobs at the White Marsh plant.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

New jobs will be created as companies capitalize onopportunities at the expanding Port of Baltimoreand in federal agencies headquartered in the county.

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6 THE DAILY RECORD MARCH 2012BALTIMORE COUNTY GROWTH

Baltimore County boasts a uniquelydiverse economy, with varied opportu-nities and services offering specializedemployment, workforce, transporta-tion, mass transit, retail options andavailable office and industrial space.The Department of Economic Develop-ment has identified nine areas aroundthe Baltimore Beltway, each with spe-cial characteristics making each ripefor certain economic development op-portunities.

I-83 corridorVision: Enhance the strengths ofthe Hunt Valley-I-83 Corridor as aprime location for corporate,manufacturing and R&D busi-nesses.

The I-83 Corridor is headlined bystrong national and divisional head-quarters such as McCormick, BD Diag-nostic Systems and PHH, andhigh-growth firms including Green-spring Energy, Carchex and PayPal.For more than 25 years, the corridorhas been a national hub for digital en-tertainment companies, which todayincludes Firaxis, Zynga East and Zeni-

max. The business community drawsemployees from the Baltimore metroarea and southern Pennsylvania.

Recent projects include the highlysuccessful redevelopment of a dis-tressed mall into a Wegmans-anchoredlifestyle center and redevelopment ofolder flex structures into green officebuildings.

The community boasts easy accessto I-83 and I-695 and is convenient toan international distribution networkthrough the Port of Baltimore. Transitoptions include light rail that connectsthe corridor with downtown Balti-more, Penn Station and BWI, and pri-vate transit north to York, Pa.

TowsonVision: Develop Towson as a dy-namic, contemporary destinationwith appealing residences, corpo-rate offices and distinctive retail-ers drawing local residents, youngadults, and tourists to live, work,shop, dine and socialize through-out the day and into the evening.

Towson’s centrally located corpo-rate offices, appealing residences and

distinctive retailers flanked by twouniversities establish the county seatas a regional destination. Several newhigh-quality residential developmentswith more than 1,400 new luxuryapartments offer the convenience ofwalking to work.

Major downtown employers in-clude General Dynamics/ViPS, StanleyBlack & Decker Construction andD.I.Y. headquarters, Whiting TurnerContracting Co. and the Towson Townsuper regional mall. Greater Balti-more Medical Center, Sheppard PrattHealth System and St. Joseph MedicalCenter provide a secure employmentbase. Towson University and GoucherCollege educate a trained workforceand provide thousands of jobs.

Projects now underway includethe redevelopment of the 12-storyTowson City Center and a new enter-tainment center anchored by a 16-the-atre Cinemark Theatre at TowsonCircle.

White Marsh-Middle RiverVision: Continue to realize thepotential of the White Marsh-Middle River corridor as a pre-mier live-work community withdirect connections to the rest ofthe Mid-Atlantic via I-95 andWhite Marsh Boulevard.

Strategically located with direct ac-cess to I-95 and multimodal trans-portation options, the WhiteMarsh-Middle River business commu-nity includes a variety of employmentclusters from clean manufacturing tomarine sales and main street retail.Large employers include Middle RiverAircraft Systems, Lockheed Martin,GM Baltimore Operations and JohnsHopkins Physicians Billing Service.Several large-scale projects in theplanning stages include NottinghamRidge, the redevelopment of MiddleRiver Station with the potential reloca-tion of the MARC/Amtrak rail stationand the extension of Campbell Boule-vard.

Essex-PulaskiVision: Reinvigorate the Essex-Pulaski area as a business loca-tion for the 21st century throughthoughtful redevelopment andtargeted improvements to thecommunity’s impressive trans-portation network.

Marshfield Business Park, PulaskiIndustrial Park, Rossville IndustrialPark and the Route 40 Corridor con-tribute to this thriving employmentcenter with an integrated transporta-tion network that provides an ideal lo-cation for manufacturing,warehousing/distribution and smallbusiness. Major employers includeCase Mason, Crown Cork and Seal,and Alban Tractor. Franklin SquareHospital and the Community Collegeof Baltimore County Essex campuscontinue to be major drivers of thelocal economy. The North Point Enter-prise Zone encompasses a portion ofthe Essex-Pulaski area allowing quali-fied businesses to take advantage ofreal property and income tax credits.

Sparrows Point-DundalkVision: Target Sparrows Point-Dundalk for state-of-the-art in-dustrial and logistics centersthat capitalize on deepwater ac-cess and excellent rail serviceconnecting Baltimore County toAsian and world markets throughthe newly expanded PanamaCanal.

With proximity to the Port of Balti-more and an integrated transportationsystem including deepwater accessand direct heavy rail service to manyindustrial properties, Dundalk and theNorth Point area are poised to experi-ence continued growth in ware-house/distribution and manufacturingindustry sectors. When the PanamaCanal expansion is complete in 2014,the Baltimore area will be better con-nected to Asia and other world mar-kets. The Veteran’s Administration andits private sector partner are redevel-oping historic Fort Howard as a new,

Getting in on the ground floor

TransformativePrivate Development

The I-83 corridor is a transportation-advantaged location for corporate, manufacturing, and R&D businesses. Industry leaders such as BDDiagnostic Systems, McCormick, and SAFT America join high growth firms such as Carchex, Greenspring Energy and PayPal.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

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THE DAILY RECORD 7MARCH 2012BALTIMORE COUNTY GROWTH

A new entertainment center at Towson Circle will add to downtown Towson’s appeal when it opens in 2014.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

A two million square foot former World War II aircraft plant along the MARC/Amtrak rail lineoffers redevelopment opportunity in Middle River.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

Light rail runs from Hunt Valley Town Centre south along the I-83 corridor, making the HuntValley Business Community a prime location for corporate operations centers.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

The T. Rowe Price Financial Center in Owings Mills is convenient to new town center development, I-795 and the Metro.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

veteran-focused community with ac-tive and assisted living, retail, outpa-tient clinic, club house and othercommunity amenities.

UMBC-SouthwestVision: Establish the UMBC-Southwest area as a premier location for cybersecurity andhigh-growth companies. Cham-pion redevelopment of the SpringGrove Hospital site to integrateneeded amenities for the commu-nity and new facilities for tech-nology-based firms.

No area of Baltimore County offersa more diverse business climate thanUMBC-Southwest. The technology andresearch park at bwtech@UMBC is afocal point for research-driven, tech-nology-led economic development andentrepreneurship, especially in cyber-security, life sciences and alternativeenergy. The Halethorpe-Arbutus areaenjoys rail access and close proximityto multiple interstates, making it anideal logistics hub. The area also ishome to many food and beverage man-ufacturers, including Bakery Expressand Diageo. The state is studying op-tions for the potential redevelopmentof the 190-acre Spring Grove HospitalCenter.

Federal Center at WoodlawnVision: Establish Woodlawn as alocation of choice for federalhealth- and security-relatedagencies and private businessesthat support them — includingmodern offices and a strong se-lection of the restaurants, hotelsand retail options employees expect.

The Federal Center offers a diversemix of office products along with agrowing number of retail and restau-rant options. The proposed Red Linetransit project would link the areawith Downtown Baltimore, Cantonand Johns Hopkins Bayview MedicalCenter. The recently created FederalCenter Enterprise Zone, RutherfordBusiness Park, Meadows BusinessPark and potential new developmentbeyond Security Boulevard offer in-vestment opportunities in a strong of-fice market near federal agencies andtheir contractors.

Owings MillsVision: Support a fully built-out,

signature-designed Owings Millsdowntown area with transit access and an integrated mix of retail, residential and entertainment uses.

Owings Mills is a regional corpo-rate employment destination an-chored by a signature-designed towncenter with access to transit and a vi-brant mix of retail, residential and en-tertainment uses. The area includesmajor corporate and division head-quarters for companies including T.Rowe Price, ADP, Global Payments,CareFirst BlueCross Blue Shield andthe Baltimore Life Cos. The area alsois home to manufacturers includingFuchs Spice and Lion Brothers, aswell as technology companies such asDirect Dimensions and Edaptive Sys-tems. The area features easy accessto I-795 and I-695 as well as conven-ient public transit into downtown Bal-timore via MTA Metro.

Projects underway include an ex-citing transformation of the OwingsMills Mall into a lifestyle shoppingcenter; the proposed redevelopmentof the former Solo Cup site (TheFoundry at Owings Mills) with a Weg-mans supermarket and other retailuses; and the mixed-use developmentproject at the Owings Mills MetroCenter, which includes a new buildingunder construction to be shared bythe Community College of BaltimoreCounty and the Baltimore CountyPublic Library Owings Mills branch.

Liberty RoadVision: Complement strong resi-dential communities by attract-ing more professional officespace, locally and nationally-rec-ognized retailers and restaurantsto the Liberty Road corridor.

Liberty Road is a vibrant corridorwith a balance of professional offices,local, independent and nationally rec-ognized retailers and restaurants.With strong median household in-comes and high average daily trafficcounts, the corridor is poised forgrowth in the near future. A WalmartSuperstore will open in the secondhalf of 2012, with the adjacent Mar-shall’s store expanding. Opportunitiesare ripe for national restaurant devel-opment with an available pad site lo-cated between The Home Depot andWalmart. In the office sector, North-west Hospital’s expansion is drivingthe economy. The continued growthof medical offices in the area is ex-pected to continue.

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Leading the effort to defend cyber security networks are companies at the bwtech@UMBCResearch and Technology Park.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

8 THE DAILY RECORD MARCH 2012BALTIMORE COUNTY GROWTH

InnovationMining healthcare IT

At the heart of healthcare is datacontrol, organizing and securing oftendazzling amounts of data. As home tothe headquarters of Social Security Ad-ministration (SSA) and the Centers forMedicare and Medicaid (CMS), Balti-more County is the location of choicefor private contractors working withthese federal agencies. Together, theirwork impacts the lives of the tens ofmillions of Americans and health careproviders who rely on Social Security,Medicare and Medicare payments.

Edaptive Systems, in Owings Mills,demonstrates the potential the federalgovernment offers in the healthcare ITsector. Founded in 1999, the companyexploded in 2011 with 105 percentgrowth, thanks in large part to threemulti-year contract awards from CMS.Today, the company manages more than$500 million in IT contracts for CMS.

Maricom Systems in Woodlawn wasstarted by an entrepreneur following adream. A small, women-owned, inde-

pendent contractor primarily workingwith CMS, the company eventually wonseveral contracts and quickly grew tomore than 200 employees. In September2011, CSC acquired Maricom, adding

the global resources of a Fortune 500company.

Companies such as Lockheed Mar-tin Information Systems, NorthropGrumman and General Dynamics ViPSrealize the advantages Baltimore

County offers in succeeding in thehealthcare IT field.

There’s an app for that According to research by the Pew In-

ternet and American Life Project, Ameri-cans have adopted smart phones fasterthan virtually any high-tech product inhistory. The rapid adoption has openedthe door for Baltimore County companiesdeveloping mobile applications that makeour business and personal lives better or-ganized, more successful and just plainmore fun.

Mindgrub in Catonsville has producedmore than 50 apps for Fortune 500 com-panies, governments and universities.Mindgrub’s affiliate company, viaPlace,

has brought the favorite childhood gameTAG into the modern, smart phone world.

Woofound, in Middle River, is pushingthe Internet from the traditional search tointelligent discovery. Customizedsearches connect people to events, artsand entertainment, dining and morebased on their preferences and personal-ities.

Brave New Markets, a digital market-ing agency headquartered in OwingsMills, is developing mobile apps that helpbusinesses attract and retain customers.

Defending cyber networksThe defense of our cyber network re-

mains one of the primary security chal-lenges facing the United States.Cyberspace touches nearly every part ofour daily lives. It’s the broadband net-works beneath us and the wireless signalsaround us, the local networks in ourschools and hospitals and businesses, and

the massive grids that power our nation.Companies in Baltimore County are step-ping up to the challenge of protecting usfrom cyber threats.

Leading the effort of defending ourcyber networks are companies atbwtech@UMBC. Telcordia is developingsoftware to support and protect vitalcommunications networks. RTGX pro-vides IT and cybersecurity services to de-fense and law enforcement officials.TechGuard develops cybersecurity solu-tions for federal agencies.

Northrop Grumman has partneredwith bwtech@UMBC to create the CyncProgram, a business incubator that nur-tures high potential, early-stage compa-nies as they develop tools vital tocybersecurity.

KoolSpan offers a microSD card thattransforms a standard smart phone or anycomputing device into a secure commu-nication device.

Oculis Labs’ software protects infor-mation on a computer screen, at the pointof use, from being seen by those in thearea.

Shaping the digital future, from AAI to Zynga

In the digital world, Baltimore Countycompanies span the spectrum from AAIto Zynga. Companies developing cutting-edge defense and entertainment tech-nologies position Baltimore County as aleader in the digital future.

Headquartered in Hunt Valley, AAI de-velops innovative aerospace and defensetechnologies. AAI develops and uses ad-vanced modeling and simulation tools todesign, engineer, and control unmannedaerial vehicles.

Direct Dimensions’ ShapeShot tech-nology captures a face in 3-D and createsa digital model that can be used bygamers to create a personal avatar, or bylarge budget movie studios to customizecrowd scenes.

BreakAway in Hunt Valley developsinteractive technologies for traininghealthcare professionals and first respon-ders. The Imaging Research Center atUMBC creates interactive museum ex-hibits and visualizations of the otherwiseinvisible, ranging from biology to long-gone or unrealized architecture.

Creating the next big thing can take a hive, a village, an incuba-tor, a collaboration, a team, and a network.

Baltimore County joins with collaborative partners to encour-age product innovation by providing easier access to university-based research and development, global connections throughstate and federal resources, networking and cross-industry part-nerships. Step one: Building on core strengths.

Efficiency and competitiveness drive innovation. Baltimore County companies aredesigning and implementing technologiesthat meet the innovation challenge.

AAI, headquartered in Hunt Valley, develops aerospace and defense technologies.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

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THE DAILY RECORD 9MARCH 2012BALTIMORE COUNTY GROWTH

Baltimore County’s storied history inthe gaming industry can be traced back toSid Meier, one of the founders of com-puter games. Meier’s legacy continues intoday’s modern world of social media.Zynga’s East Cost studio in Timonium cre-ated the ever-evolving Frontierville andPioneer Trail games played on Facebook.

Technology that propelsEfficiency, competitiveness and pro-

ductivity drive innovation. BaltimoreCounty companies are designing and im-plementing technologies that meet the in-novation challenge.

Remedi SeniorCare in Rosedale in-vested $30 million to design and build anautomated, computerized system thatpackages and labels thousands of drug or-ders a day for long-term care facilities. Thesystem was designed to offer customerssavings on prescription drug costs and hasproven to save 10 percent monthly.

Scientists at SAFT America and Tele-dyne have developed long-life batteriesthat defy conventional definitions of longlife. At SAFT’s Cockeysville facility, engi-neers designed and built batteries thatwent to Mars. Soldiers in the mountainsof Afghanistan carry lightweight, portablebatteries designed and built at Teledyne.

Through the last several years, Gen-eral Motors Baltimore Operations hascontinued to evolve to meet the needs ofthe automotive industry. The plant wasthe first to manufacture hybrid transmis-

sions for medium-duty vehicles such asschool buses and ambulances. GM is thefirst U.S. automaker to design and manu-facture electric motors for plug-in electricand hybrid vehicles. The company is in-vesting more than $248 million to expandits White Marsh plant for the productionof next-generation vehicle components.

Nurturing entrepreneurshipBaltimore County’s two public institu-

tions of higher education share a strongcommitment to growing business. TheUniversity of Maryland Baltimore County(UMBC) and Towson University believe itis their mission to promote the thinking,attitude, activities and ideas that will in-spire entrepreneurial accomplishment,both within and outside of the universitysetting.

At UMBC, the Alex Brown Center forEntrepreneurship focuses on establishing

collaboration between entrepreneurs,government, higher education and busi-nesses throughout the region. The centeroffers start-ups and established organiza-tions the resources they need to explorefunding opportunities, receive advicefrom industry experts, identify researchinitiatives within their industry sectorsand enhance the pool of employee candi-dates. UMBC-sponsored initiatives suchas ACTiVATE, the CYNC cyber incubator,and the university’s bwtech@UMBC re-search and technology park provide spe-cialized environments and servicesspecifically geared toward research andtechnology-based businesses.

TowsonGlobal, Towson University’sbusiness incubator for early-stage compa-nies, provides businesses with a widerange of support including office facilitiesand administrative support, businesscounseling and workshops. The incubator

provides one-on-one mentoring in legal,financial and human resources issues,business plan assessments and globaliza-tion strategies. Local executives from avariety of fields, including logistics, fi-nance, government, banking, interna-tional trade and development, and lawoffer members a wealth of knowledge, ad-vice, guidance and connections. Tow-sonGlobal’s extensive network ofdomestic and international affiliations,partnerships, sponsors and contacts al-lows TowsonGlobal to assist membercompanies in building key business con-nections. Current tenants include KeffaCoffee LLC, an importer of specialty-grade Ethiopian coffees; Solaroad Technologies Inc., providingleading edge solar energy solutions; andNeWo Technologies, specializing in thedevelopment of real-time data harvestingand wireless transmission technologies.

Life Cos. and significant operations ofT. Rowe Price, ADP, Global Payments,Zurich America and Toyota FinancialServices. Over the past 10 years, Steven-son University has built 13 residencehalls, a business school building, twostudent centers, a gymnasium and a3,500-seat stadium on its 75-acre Ow-ings Mills campus.

Downtown Towson A college town with a family feel, the

newest additions to downtown Towsonreflect the county seat’s upscale demo-graphics and growing urban core. Morethan 1,400 new luxury apartments andgreen town homes are bringing residentsback to downtown Towson. Recent retailopenings include Tiffany’s (in the luxurywing of Towson Town regional mall),Fresh Market gourmet grocery, UrbanOutfitters and the popular, locally ownedHavana Road Cuban restaurant.

A $27 million redevelopment at Tow-son City Center is bringing workers backto downtown. A new glass façade reflect-ing downtown Towson is shining at the12-story, LEED-certified green buildingoverlooking Towson Circle, opening insummer 2012. A project of Caves ValleyPartners, tenants include corporate head-quarters for MileOne, headquarters forCaves Valley Partners, Towson UniversityCollege of Health Professions centers andclinics, and BusinessSuites, which offersshared office suites for entrepreneurs.Cunningham Kitchen, a farm-to-tablewhite tablecloth restaurant, anchorsrestaurants with outdoor seating atground level.

Construction is beginning for a new$85 million entertainment center in down-town Towson. An open plaza will lead toa 16-screen, 3,200-seat Cinemark theatre,five new restaurants and an 862-space un-derground parking garage. Developed byThe Cordish Cos. and Heritage Properties,the parking garage is scheduled to openin 2013, with the theatres and restaurantsscheduled to open fall 2014.

// Smart (re)development //Compact town centersoffer opportunitiesContinued from 1

GREATEREnjoy a

BALTIMORECounty

Discover your sense of adventure in Baltimore CountyBaltimore County offers more than 200 miles of waterfront, more than10,000 acres of parkland, hiking and biking trails, four wineries, and nationally renowned steeple chase racing. To learn more, visit our website.

EnjoyBaltimoreCounty.com410-887-2849

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From AAI to Zynga, Baltimore County is over 21,000 companies strong.

Entrepreneurs realize their dreams with free start-up business services and

innovative technology incubators. More mature businesses scale-up to the

next level with assistance in identifying financing sources, uncovering new

domestic and international markets, linking to resources at our colleges and

universities, and recruiting workers trained in the skills companies need.

Whether your business benefits from the expanding Port or from being

next to Social Security Administration headquarters, cyber security hubs,

or financial services operations centers, smart companies grow in Baltimore

County. Maybe that’s why we’re the number one job center in the region.

Baltimore County, Maryland

Baltimore County Department of Economic Development 410-887-8000 | [email protected]

MAKE THE CONNECTIONS

GROW

STRONGER

HERE

Baltimore County Executive Kevin Kamenetz and the Baltimore County Council

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THE DAILY RECORD 11MARCH 2012BALTIMORE COUNTY GROWTH

Building the best workforceThe demand for highly educated and

skilled workers will continue to grow asBaltimore County experiences unprece-dented demand for workers in growthsectors such as cybersecurity, computergames/animation and health care IT.Baltimore County’s education system,from pre-K through post-grad, is wellprepared to meet the demand.

Maryland workers are among thebest prepared in the United States.Maryland’s public education system hasbeen ranked number one in the nationfor four consecutive years (2009-2012)by Education Week, the nation’s leadingeducation newspaper. In 2010, Mary-land became one of a few reform-ori-ented states to be awarded a portion of

the U.S. Department of Education’shighly competitive Race to the Topfunding.

In December 2011, Maryland re-ceived an additional four-year, $50 mil-lion federal grant to help continue itsreform efforts in critical early childhoodeducation programs.

Baltimore County’s public schoolsystem continues to build on its stellarrecord, attracting national and even in-ternational attention for the quality andinnovation of its science, technology,engineering, mathematics and fine artsinstruction.

Baltimore County residents placehigh value on college education. Thirty-six percent of county residents age 25

or older have earned bachelor’s degreesor higher, according to the 2010 Ameri-can Community Survey. Marylanderscan choose from 57 colleges and univer-sities, including 16 community colleges,plus more than 175 private careerschools. The University System of Mary-land includes 11 distinctive and individ-ual institutions, two of which arelocated in Baltimore County — TowsonUniversity and the University of Mary-land Baltimore County (UMBC), withupwards of 21,000 and 13,000 studentsrespectively.

Stevenson University (3,900 stu-dents) and Goucher College (2,300 stu-dents), plus the Loyola UniversityGraduate campus and satellite cam-puses of national and regional collegesare conveniently located throughoutBaltimore County.

Workforce training programs are of-fered through the Community Collegeof Baltimore County (CCBC). CCBCprograms encourage business growthand create long-term economic growthfor Baltimore County and the region.The community college enhancesworker skills and provides customizedtraining to local business and industry.

CCBC’s Technology and Innovationin Manufacturing and Engineering(TIME) Center contributes to technol-ogy education, including professionaldevelopment activities and learningprojects for high school teachers in sci-ence, technology, engineering and man-ufacturing (STEM). Funded by a $2.6million grant from the National ScienceFoundation, the TIME Center developsand refines educational programs forthe secondary and post-secondary lev-els to keep pace with manufacturing

and engineering technologies. Baltimore County provides the pub-

lic with employment and training serv-ices at three workforce centersconveniently located in Hunt Valley,Randallstown and Eastpoint. Profes-sional career counselors consult withjob seekers and provide unemployedworkers with career placement assis-tance and career training resources.

Experts at the county’s three careercenters also assist new and expanding

companies, providing assistance to re-cruit and retain a skilled workforce.Workplace training and education alsoare available, as is assistance withworkforce downsizing. BaltimoreCounty also works with young peopleages 14-21 to help them meet their edu-cation and career goals.

The Small Business Resource Cen-ter (SBRC), in partnership with the Bal-timore County Chamber of Commerce,offers early-stage and existing businessassistance with technical, financial andmarketing issues including feasibilitystudies, strategic planning, draftingbusiness plans, business valuations,market research and loan process assis-tance.

Baltimore County workers well prepared for growth industries

Supporting business growthStarting a business is difficult, but

keeping it going is even more so. A great many companies simply do

not make it past their first few years ofoperation.

The Baltimore County Departmentof Economic Development is keenlyaware of the importance of supportingbusinesses throughout their lifecycles— from start-up, to scale-up, to sus-tained growth.

Start-up helpBaltimore County helps aspiring en-

trepreneurs to realize the dream ofstarting their own businesses. In part-nership with the Baltimore CountyChamber of Commerce, the Small Busi-ness Resource Center (SBRC) providesdirect counseling on business and mar-keting plans, MBE/WBE certificationand loan packaging. SBRC holds smallbusiness start-up workshops county-wide in partnership with county work-force centers and public libraries,

Baltimore County also provides fi-nancial and programming support tothe business incubators at UMBC andTowson University. In the coming year,the Baltimore County Department ofEconomic Development plans to moreclosely integrate incubator and SBRCinitiatives with the resources of the fed-erally-funded Small Business Develop-ment Center and the U.S. SmallBusiness Administration.

Mature companies face distinct chal-

lenges. They must reinvent themselves,innovate and pursue new opportunitiesto remain competitive. The Departmentof Economic Development is intensify-ing efforts to put county companies to-gether with public, private anduniversity resources and problem-solv-ing expertise that can help them thrive.

Help with affordable financingTimely and affordable financing is

the lifeblood of any business seeking toreach new markets and enhance pro-ductivity. Since its inception, the Balti-more County Small Business LoanPartnership has loaned $8.5 million tobusinesses seeking to access capital. In2012, Baltimore County expanded thepartnership, with 20 banks committingto lending $12.35 million to qualifiedsmall businesses.

Two loans already approved fromthe newly-expanded fund illustrate howthe county’s partnership with the pri-vate banking community helps localbusinesses grow. Maryland Eye Care re-ceived a $500,000 loan to purchase andrenovate a vacant Schaefer and Stro-minger facility on Joppa Road as a mod-ern medical facility. Katz & LuxenburgLLC, an accounting firm formedthrough the merger of two separateCPA businesses, is using a $125,000 loanfrom the Small Business Loan Partner-ship to transform a long-vacant fire-house into an attractive street-frontoffice in the heart of Pikesville.

Baltimore County Department of Economic Development www.baltimorecountymd.gov/business

Baltimore County Small Business Resource Centerwww.baltimorecountymd.gov/business

Baltimore County Small Business Loan Partnershipwww.baltimorecountymd.gov/business

bwtech@UMBC Business Incubator and Acceleratorwww.bwtechumbc.com

TowsonGlobal Business Incubator at Towson Universitywww.towsonglobal.com

Stevenson University School of Business and Leadership in Owings Mills is one of 57 Mary-land colleges and universities educating a talent pipeline for Baltimore County businesses.

BALTIMORE CO. DEPT. OF ECONOMIC DEVELOPMENT

RESOURCES

///

More than 35 percentof Baltimore Countyresidents have earnedbachelor’s degrees or higher.

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