ECONOMIC INDICATORS 3RD QUARTER...EONOMI INDIATORS 3rd QUARTER 2020 5 ANNE ARUNDEL COUNTY, MD WI...

ECONOMIC INDICATORS 3RD QUARTER ANNE ARUNDEL COUNTY, MD

2020

2 ECONOMIC INDICATORS 3rd QUARTER 2020

ANNE ARUNDEL COUNTY, MD ANNE ARUNDEL COUNTY, MD

Welcome to the Anne Arundel Economic Development Corporation’s Economic Indicators 3rd-

Quarter Report. This report covers various economic indicators such as employment, resident

labor force, commercial real estate information, building permit activity, housing sales, tour-

ism, cost of living, real property tax base, and BWI Thurgood Marshall airport statistics.

Commercial Permit Activity 3rd Quarter

2020

3rd Quarter

2019

Percent (%)

Change Year to Date

Last Year to

Date

Percent (%)

Change

New Commercial Permits 11 16 - 31.3% 26 37 - 29.7%

*AAR/Misc. Commercial Permits 994 384 158.9% 2,366 1,077 119.7%

Value of All Commercial Permits $151,959,407 $147,960,967 2.7% $313,351,919 $274,316,195 14.2%

Housing 3rd Quarter

2020

3rd Quarter

2019

Percent (%)

Change Year to Date

Last Year to

Date

Percent (%)

Change

Existing Home Sales 3,373 2,985 13.00% 7,719 7,688 0.40%

Median Home Price—Existing Home Sales $393,332 $358,667 9.66% $374,488 $353,926 5.81%

New Residential Building Permits Issued 568 483 17.6% 1,508 1,943 - 22.4%

New Residential Building Permits Value $102,310,204 $84,555,166 21.0% $264,584,222 $325,670,153 - 18.8%

*AAR = Addition, Alteration, or Repair based on permits valued over $10,000; Source: Baltimore Metropolitan Council Permit Data System/not comparable to permitting data prior

to 2006; Year-end totals reflect revisions made to monthly numbers

Source: MD Realtors Association; Baltimore Metropolitan Council Permit Data System/not comparable to permitting data prior to 2006; Year-end totals reflect revisions made to

monthly numbers

Commercial Vacancy Rates Average 3rd Quarter 2020 Average 3rd Quarter 2019

Office 8.13% 9.20%

Flex 9.13% 9.57%

Industrial 9.07% 9.47%

Source: CoStar

ECONOMIC INDICATORS 3rd QUARTER 2020 3

ANNE ARUNDEL COUNTY, MD

Employment (by residence) Average 3rd Quarter 2020 Average 3rd Quarter 2019

Anne Arundel County

Civilian Labor Force 310,470 319,800

Employed 290,745 309,442

Unemployed 18,233 10,358

Unemployment Rate 6.33% 3.27%

Baltimore Metro Area

Civilian Labor Force 1,492,022 1,540,980

Employed 1,383,960 1,482,083

Unemployed 108,061 58,897


State of Maryland

Civilian Labor Force 3,190,235 3,244,466

Employed 2,951,971 3,122,893

Unemployed 238,264 121,573


United States


The employment indicators in our county reflect the profound impact the COVID-19 pandemic

has had on our labor market. Employment by residence refers to the number of employed res-

idents that live in Anne Arundel County, but don’t necessarily work in the county. Employment

in place refers to the number of employees that work in Anne Arundel County, but don’t nec-

essarily live in the county.

Employment in Place 1st Quarter 2020 Percent (%) Change 1st Quarter 2019

Quarterly Average Employment 274,102 1.95% 268,867

Number of Establishments 15,693 1.27% 15,496

Source: Bureau of Labor Statistics; MD & US data seasonally adjusted; seasonally adjusted data is only available at the national and state level

Source: MD Department of Labor

Unemployment Rate (Annual Average 2010 - Q3 2020) AA County Employment (Resident & In Place)



Real Property

Tax Base

Number of Properties

(incl. agriculture)

Assessed Value

Residential

Assessed Value

Commercial

Assessed Value Total

(R+C)

Commercial as % of

Total

FY 2019

Anne Arundel Co. 214,370 69,216,545,173 21,336,377,969 90,552,923,142 23.56%

Baltimore Co. 284,388 61,805,993,280 24,978,591,308 86,784,584,588 28.78%

Baltimore City 221,000 25,646,167,315 19,910,869,418 45,557,036,733 43.71%

Harford Co. 97,880 21,939,259,507 5,855,085,796 27,794,345,303 21.07%

Howard Co. 105,483 40,453,733,507 12,397,250,972 52,850,984,479 23.46%

Montgomery Co. 332,896 148,400,697,835 46,217,229,938 194,617,927,773 23.75%

Prince George’s Co. 285,026 68,591,389,490 27,728,368,112 96,319,757,602 28.79%

Queen Anne’s Co. 25,419 6,537,524,004 1,055,072,365 7,592,596,369 13.90%

Note: Property is assessed at 100% valuation; Source: MD Department of Assessments and Taxation, FY 2019, Group 1 (1/3 of properties reassessed each fiscal year)

The real property tax base breakdown provides insight as to what percentage of total assessed

real property tax revenue is attributed to commercial properties. The remainder is attributed

to either residential or agricultural properties. This is useful in determining where the burden

of property taxes exist in a geographic area. In Anne Arundel County, 23.56% of the total as-

sessed value of residential and commercial properties comes from businesses, while 76.44% of

that total is collected from homeowners.

C2ER Cost of Living Index 3rd Quarter 2020

Baltimore-Columbia-Towson MD Metro 110.1

Wash-Arlington-Alexandria DC-VA-MD-WV Metro Div. 159.5

National City Average 100.0

Source: Council for Community & Economic Research (C2ER)



BWI Thurgood Marshall Airport 3rd Quarter

2020

3rd Quarter

2019

Percent (%)

Change Year to Date

Last Year to

Date

Percent (%)

Change

Total Passengers 2,656,935 7,205,561 - 63.1% 8,497,617 19,995,612 - 57.5%

Total Freight (in pounds) 153,993,480 124,305,945 23.9% 430,707,094 352,677,432 22.1%

Tourism 3rd Quarter

2020

3rd Quarter

2019

Percent (%)

Change Year to Date

Last Year to

Date

Percent (%)

Change

Hotel Tax (gross receipts for AA Co.) $2,931,434 $4,967,113 - 41.0% $6,668,292 $13,844,365 - 51.8%

Source: MD Aviation Administration

Source: AA County Finance Office

Consumer Price Index for all Urban Consumers (CPI-U) August 2020 October 2020 % Change

Baltimore-Columbia-Towson 259.336 260.892 0.60%

Source: Council for Community & Economic Research (C2ER); Bureau of Labor Statistics; Base Period: 1982-1984=100



AAEDC Childcare Provider Support Grant Program

As the COVID-19 pandemic impacts our nation and millions of our working parents, the child-

care industry has been one of the hardest hit. Through business closures, capacity restrictions,

school children virtual learning from home, and higher rates of unemployment, many childcare

providers are struggling to survive.

Anne Arundel County has responded by working with Anne Arundel Economic Development

Corporation (AAEDC) to create a Childcare Provider Support (CPS) Grant Program. As County

Executive Steuart Pittman recognized early on, “Few industries are more important to this

county’s overall economic health than the childcare industry. That’s why I asked our team at

economic development to survey our providers and work with them on a Childcare Providers

Support Program. By providing grants to keep these small businesses operating, we are nurtur-

ing young children and allowing their parents to continue their careers through this difficult

time.”

Funded by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and subse-

quent funding allocated to Anne Arundel County, a little over three million dollars was allocat-

ed to the program to help county childcare providers through grants of up to $50,000. These

grants can be used to provide working capital to cover operating expenses such as rent, payroll

and utilities, and costs associated with the purchase of personal protective equipment, ensur-

ing sanitary physical spaces and implementing online communications and learning.

The AAEDC CPS Grant Program accepted applications from October 1st through October 30th,

2020. During that period, AAEDC processed 282 applications and awarded 277 grants totaling

a little over three million dollars. The average grant amount was $24,877.31 to child care cen-

ters and $3,363.91 to at-home providers.

The AAEDC CPS Grant Program was highly successful in helping these Anne Arundel County

childcare providers offset their rent, payroll, utilities and other costs incurred to provide de-

pendable child care options to our county’s many working parents.



Childcare Provider Support Grant Program Statistics

Number of Employees Number of Grants Total Amount Percentage

Sole Proprietor 147 $483,750 15%

2 - 4 Employees 35 $215,750 7%

5 - 9 Employees 24 $443,750 14%

10 - 19 Employees 29 $823,000 25%

20 or > Employees 42 $1,289,000 40%

Childcare Provider Type Number of Grants Total Amount Percentage

At Home Providers 169 $568,500 18%

Childcare Centers: 50 or less capacity 36 $530,500 16%

Childcare Centers: over 50 capacity 72 $2,156,250 66%



Testimonials from Grant Recipients

Jennifer Holcomb, Nichols-Bethel United Methodist Preschool Firstly, thank you so much again for the gift of money during these COVID-19 times! Receiv-ing the grant from AAEDC has allowed our business to continue serving the youngest members of our community. Most importantly, at Nichols-Bethel United Methodist Preschool, we are committed to inspiring a life-long love for the Lord through educational instruction that pro-motes children's intellectual, moral and behavioral development. Those who teach in the child-care industry do so because of their love for children and families. While our ultimate "payment" is the knowledge that we are encouraging young children to learn, the stark reality is that our business and committed staff financially rely on having full enrollment. It is no surprise that the preschool's enrollment has suffered through this COVID-19 season. However, with re-ceipt of this grant, our preschool can continue to inspire families and children for a little while longer! Thank you so much!

Kristy Moseley, Davidsonville United Methodist Church

As a childcare provider we feel so appreciative and blessed of the help we have received at this time of uncertainty. We have lost many students to the pandemic and our program has been greatly affected. It’s been a struggle to maintain our enrollment in Phase 2. We are so relieved and blessed to have received the Childcare Provider Support Grant. We can continue to serve our families that need the care in the upcoming months.

Nisha Rastogi, Primrose School of Gambrills We are so grateful and thankful for the approved grant of $50,000 for the Primrose School of Gambrills!! This grant comes at a time that it is much needed to help us meet our financial com-mitments. There was a time when we had waiting list for enrollment to now where we have empty classrooms. We are trying to keep our amazing staff employed during all of this uncer-tainty in hopes of a better year 2021. This pandemic has really impacted several small business-es and we so fortunate for the Anne Arundel Economic Development Corporation.

Cisco Nochera, M.S.Ed., Cisco Center Foundation, Inc. We are so thankful for receiving the Childcare Provider Support Grant. Like most other child-care centers, we were hit very hard by the virus closure. When we reopened we weren't allowed to go back to our capacity, so we lost a lot of revenue. All the bills, mortgage, utilities, etc. con-tinued to come. One factor that is unique to us vs other centers is that we require more staff per child ratio because we are a center for children with special needs (behavioral issues, autism. intellectual impairment). Because of the special needs we try to maintain a one staff to 2 kid ratio.

Pam Paulis (Family Child Care Home) When the money clears my account I hope to catch up on some bills and purchase some educa-tional toys for my daycare business. Thanks so much!

Ruthi Claytor, Grannie Annie's Child Care & Learning Center Thank you so much!!! This grant will ensure continuous care for many families!



Linda Hall (Family Child Care Home) Thank you. This will help a lot. I have two special needs kids in my program and to have a bathroom on the same level would be great. I am in a Title 1 area. To get them more things is going to be a huge help. Thank you kindly.

Mary Echols, Echols Child Care Thank you so much for the approval. And the support. It is very much appreciated.

Scott Fisher, Ferndale Day Nursery Thank you, sir! You have saved us...for the time being!

Mary Ostrowski, Weems Creek Nursery School Wow. I feel humbled. You just made my week, Steve! Thank you so so very much for this sup-port.

Gloria Hare, All for Them Daycare (Family Child Care Home) Thank you so much. This is GREATLY APPRECIATED - thank you for all your hard work to help us providers.

Monica McGirt, Community United Methodist Child Development Center Thank you! We are so grateful for your generosity. Our dedicated staff and families we serve will feel less stress knowing that there is a safe place to send their young children to while we navigate through these difficult times. Without this assistance, we would not be able to contin-ue operating after the end of 2020. Thank you again!

Neelam Patel, Arnold, MD - The Goddard School® Thank you so much this will be tremendous help.

Janet H. Petrewski, Quala Care Child Center, Inc. Thank you so much. We appreciate the support of our county.

Deana Putterman, Seedlings Early Childhood Center That is amazing news! Thank you so much. It will definitely help our little preschool.

Agnes Siscoe / Darcel Estep, Peggy’s Daycare (Family Child Care Home) I am truly grateful and thankful. Thank you for the work you and others are doing for us all.

Carolyn Setash, Colonial Nursery School.org This will be a massive help to our tiny school!

Alexa Cox, Monsignor Slade Catholic School Thank you so much! This is very exciting, and we are so appreciative of this grant opportunity.



Ellen Dyer and Lori McGinley, Crofton Children's Centre, Inc. Thank you very much for this grant! We are beyond grateful for the assistance. You know the struggle that this year has been for child care. This grant gives us hope of being able to contin-ue into 2021.

Kenneth Graham, Joy Kids Learning This is incredibly good news!! Thank you so much!!

Adeeba Kreuscher, The New Edge Learning Center

Thank you very much! You have no idea how much this will help our small business in these tough times. We will be able to keep our doors open for a few months and hope to see thing start getting better.

Pam Blades, Miss. Pam's Child Care (Family Child Care Home) Thank you, this will definitely help with the additional expenses and burden that covid has put on us... trying to operate during these difficult times, especially during the Essential Employee and Stay at Home order. I appreciate your time and consideration.

Arby Khan, The Primeron I wanted to personally thank you very much for this approval! This has been a very tough time for everyone and especially for Child Care Centers - due to extra regulations imposed. We have lost a lot of revenue and losses are mounting...just last month we lost $10,000. These monies will be extremely helpful in trying to stay open.

aaedc.org

Questions? Contact AAEDC Research Manager Jonathan Boniface

at [email protected]

The Anne Arundel Economic Development Corporation serves as a resource for data about the county, its

companies, and its business environment.

For more information, please contact:

Anne Arundel Economic Development Corporation

2660 Riva Road, Suite 200, Annapolis, MD 21401

Phone: (410) 222-7410 | Fax: (410) 222-7415

Email: [email protected] | Website: www.aaedc.org

Sincere efforts have been made to ensure the accuracy of the information contained in this report, but

accuracy cannot be guaranteed.

ECONOMIC INDICATORS 3RD QUARTER...EONOMI INDIATORS 3rd QUARTER 2020 5 ANNE ARUNDEL COUNTY, MD WI...

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