*DATA REFRESH IN PROGRESS*
Greater Baltimore is home to a diverse base of rapidly growing industries. Healthcare, Financial Services, Information Technology, Cybersecurity, Defense, Education, and Bio and Logistics are some of the key growth sectors that make up the region’s economy. Greater Baltimore boasts some of the highest concentrations of high tech industries in the nation.
Out of all 383 metropolitan areas, the region ranks 33rd in economic strength.
Industry | 1-Year Growth | 10-Year Growth |
|---|---|---|
Computer Systems Design and Related Services | 4% | 47% |
Education and Health Services | 3% | 22% |
Educational Services | 8% | 30% |
Transportation and Warehousing | 3% | 32% |
Food Services And Dining Places | 2% | 16% |
Industry | Employment Density Compared to National (1.00) |
|---|---|
Federal Government | 1.92 |
Educational Services | 1.66 |
Professional, Scientific, and Technical Services | 1.53 |
Greater Baltimore has become a super-cluster of both PST firms and workforce, thanks to the region’s superb business climate, educational assets, and entrepreneurship resources. Though Baltimore finds itself on the smaller side of the 25 largest metros, its oversized concentration of PST activity makes it a major hub for technology, research, and engineering.
Greater Baltimore is fast becoming a popular region for expanding financial firms, thanks to a strong foundation in wealth management and a highly educated workforce. A top ten market for investment banking occupations, Baltimore also offers a strong market for specialties such as: Insurance and Employee Benefit Funds, Securities, Commodity Contracts, and Investments, Consumer Lending, and Portfolio Management.
After the nation’s capital, the Greater Baltimore region is the largest federal government hub in the U.S., with over 73,000 residents employed by the federal government. Baltimore boasts the highest concentration of state government employees of the 25 largest metros and is home to some of the nation’s most critical agencies, including the NSA, the Social Security Administration, and the U.S. Cyber Command.
Greater Baltimore remains a top contributor to the manufacturing industry, benefiting from a combination of assets, namely its Northeast corridor location, Class I railroads, and overnight trucking access to one-third of the country's consumer market. It is also home to one of the most prolific ports in the country: the Port of Baltimore.
"We want you to be informed about Greater Baltimore. Don't be shy; please ask."
Michele Whelley
President & CEO
If you've landed on this site, then you have questions about us, and we want to help. We know that your time is crucial, and getting access to us should not be a complicated thing. Drop us a note via one of the options below and we will get back to you within 24 hours.
mlwhelley@greaterbaltimore.org
(410) 864-9927
