A combination of public and private initiatives led to the announcement of thousands of new jobs in the Baltimore area's innovation and technology-based industries in 2010, according to a newly released report. Those jobs will continue to affect Maryland's employment trends in 2011.
Middle River Aircraft Systems, based in Baltimore County, announced 200 new jobs last year, and Ball Aerospace & Technologies in Prince George's County rolled out plans for 300 new positions.
The federal Base Realignment and Closure plan (BRAC) has taken shape to the Baltimore area's benefit also, transferring some 4,380 jobs in the Defense Information Systems Agency (DISA) to Anne Arundel County from Virginia. DISA will join the newly created U.S. Cyber Command (CYBERCOM) in Anne Arundel, which is expected to create 1,000 jobs as it ramps up operations.
The 2010 New and Expanding Businesses in Maryland report highlights several companies and state agencies for their contributions to job growth in greater Baltimore and the state and federal incentives like the Maryland Job Creation and Recovery Tax Credit that facilitate job creation by employers. Altogether, the report presents an investment scenario based on 2010 announcements where $4 billion in investment will flow into the local employment and services market in the near future.
Writer: Sam Hopkins
Source: Maryland Department of Business and Economic Development, Office of Research