Economic Outlook Harford County

7/28/2019 Economic Outlook Harford County

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Harford County Economic OutlookJune 8, 2012


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BRAC what has been the impact

Are we there Yet?Harford County

Economic Landscape Today

Near Term business outlook for

Harford County, Maryland


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1,818,247 SF of New Commercial Activity since

2006 in Harford (source: BMC May 2012)

526,000 SF of new office construction at the

GATE Enhanced Use Lease

40% of all commercial development in thecountry was in the Baltimore/Washington

Region during the height of BRAC according to

CoStar

BRAC Impact


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Retail Growth & Expansion


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Aberdeen Corporate Park

Fieldside Commons

New Corporate Office Parks


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NorthGate

Business Park

The GATE Office & Technology Park



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Waters Edge Corporate Campus

Hickory Ridge

Technology Campus



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1.1%

1.1%

1.8%

2.1%

3.3%

3.3%4.9%

8.8%

Baltimore City

Frederick County

Anne Arundel County

Prince George's

Baltimore County

Montgomery County

Howard County

% of Change Q2 2011 Wage Growth

Harford County

Harford County had the fastest over-the-year wage growth among MDs 8

large counties and the 3rd

fastest nationwide from Q2 10 to Q2 11 an 8.8%increase Source: US BLS

Getting Results


9/24Source: US BLS

126,000

128,000

130,000

132,000

134,000

136,000138,000

2010 2011 2012

Increased Labor Force

An increase of 6,410 jobs were added to the Labor Force

from February 2011 to February 2012

Getting Results


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Total

New Subdivisions Planned 39

Number of Units Planned(includes SFH, TH, APT/CONDO)

6,032

Number of Units Remaining 4,569

Total Permits Issued 1,463

Harford County Planning & Zoning Dec. 2011

New Homes Planned


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2200

2250

2300

2350

2400

2450

2500

2550

2008 2009 2010 2011

Units Sold

Housing Market

RBI/MRIS 2012


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0

200

400

600

800

1000

1200

1400

2009 2010 2011

Harford County Foreclosure Events

Housing Market

Maryland Dept. of Housing & Community Development


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$200,000

$210,000

$220,000

$230,000

$240,000

$250,000$260,000

$270,000

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Jun-11

Jul-11

Aug-11

Sep-11

Oct-11

Nov-11

Dec-11

Jan-12

Feb-12

Mar-12

Apr-12

Average Sold Price 2011-Present

Housing Market

RBI/MRIS 2012

N APG 87


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Galaxy GlobalGDIT

General Dynamics C4 SysHarris CorporationHotfoot Mgmt SystemsInmarsatJanus Research Group, Inc.JRAD, Inc.KalmanLear Siegler/URSLinQuestLockhead Martin GlobalLockwood GroupMacB EnterpriseManTechMelvin May AssociatesMITRE CorporationModus OperandiMotile RoboticsMSA

Man Machine Sys Assesmt

MSA Manufacturers Svcs Assoc.MTEQNetcentricNextGen Federal SystemsNoblisNorthrop GrummanOPTEC Inc.ORISEOSI Guidance Systems

Potomac FusionQED Systems

QinetQQuantum ResearchR4 TechnologiesRockwell CollinsRSC2Sabre Systems, Inc.Shonborn-Becker SystemsSmartFix CorporationSOTERA Defense SolutionsSRCSRI InternationalStrategic AllianceSTGSURVICE MetrologySymbolicSyracuse Research CenterSystekSystems TechnologyTAPETelcordia Technologies, Inc.Telford AviationTelosTRAXTriburonU.S. FalconVetTCorpWYLE

AASKIACE Electronics

ACETAlion ScienceARINCAvenge Inc.Avon ProtectionBlue CanopyBoeing Co.Bowhead TechnicalBRTRCCACICGI FederalChesapeake TestingData IntelligenceData Matrix Solutions, Inc.Data TacticsDefense Contract Mgmt AgencyDRC Dynamics Research CorporationDRSDSADSCIElbitEngineering Solutions Products, ESPEnvironics USA, Inc.EnvisionEOIR TechnologiesEPSFuture Skies

New APG

87 NEW Defense ContractorsMoved to Harford County


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Over 6,000 hold positions with Harford CountyDefense Contractors

APG Population 21,606 2,698 Military

12,884 Civilian

6,024 Contractors

OutlookFederal Budget, Contract Awards areslow, Presidential Election

Defense Workforce


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Manufacturing & Distribution


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House of Cards

Waters Edge Conference Center

Cedar Lane/Ripken Sports and Sports

Marketing

High tech manufacturingBBJ Article Today

International Trade and Outreach

Federal Contract Oversight

Harfords Economic Landscape


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Defense Contractor Awards

March through May 2012

Harford County Related Awards $864,731,034.00

Harford County Company Awards $130,639,564.00

Place of Performance Harford County $488,379,508.00

APG Contract Command Awards $668,083,879.00

Harford County Office of Economic Development

Federal Contract Activity


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Potential Harford County Awards

Work performed in Harford County by

Outside Companies $363,786,559.00

Work performed and Company based

outside Harford County$167,842,345.00

Work performed by task order and

Company based outside $179,544,000.00




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Harford County Companies Awarded Contracts

SHAW Environmental Edgewood

(work being done in Alaska) $17,997,685.00

Raytheon of APG $75,000,000.00

Smiths Detection of Edgewood $27,488,727.00

City of Aberdeen $10,153,152.00




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Dedication of C4ISR Building to

Col. William R. BlairFather of US Radar

Pat Blair pictured with MG Robert Ferrell & MG Lee S. Price


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Partner with local, state & federal organizations to

provide access to information, resources and

networks

Workshops available at the HBIC from MD PTAP and

SBDC

Export 101 Workshop Complying with US Export Controls

GSA Proposal Development for IT Schedule 70

Road to Revenue/Develop an Aggressive Marketing/Sales Plan

Small Business Liaison Officer Training

Entrepreneurial Support


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University of Research Park

Transportation

STEM

Public-Private Partnerships to achieve growth

State and County Budgets

Harford County StrengthsSmart Workforce,

Location, Location, Location and Research

Near Term Goals


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Anirban Basu

Economic Outlook Harford County

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