Site Selection, March 2016: The magazine of corporate real estate strategy and economic development.
BALTIMORE'S NEW FRONT DOOR by Patty Rasmussen
The full article is available via this link to Site Selection (starting on page 208).
In a 2014 op-ed piece in The Baltimore Sun, then Maryland Secretary of Planning, Richard Eberhart Hall wrote, "Redevelopment provides environmental benefits by reinvesting in buildings and infrastructure, focusing growth where services exist rather than creating new developments on tracts far from population centers. People know it when they see it: downtowns bustling with activities and special events, a variety of housing types near places of employment, wide sidewalks that beckon to pedestrians and well-tended storefronts."
Bill Cole, CEO of the Baltimore Development Corporation (BDC), loves to tell the Baltimore story.
"We're the 4th fastest growing millennial population in the US and we have the 8th largest millennial population overall. You add in Under Armour, you add in John's Hopkins University, the University of Maryland and two rapidly growing bio-parks and all of a suddent you have this young vibrant workforce.
Of the 25 largest metros, in the past 5 years greater Baltimore has experienced the 3rd fastest growth of education degrees, 4th fastest growth of science and engineering degrees, and 5th fastest growth of business degrees amount 25 to 39 year olds.
Greater Baltimore has increased startup activity by 7.4% since 2010 compared to 3.1% nationwide.
