Monthly Statistics Report Harford County
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Harford County Monthly Statistics Report Compiled by the Office of Community & Economic Development Labor Statistics Baltimore County Cecil County Harford County Maryland FEB 2020 MAR 2020 APR 2020 MAY 2020 JUN 2020 JUL 2020 AUG 2020 SEP 2020 OCT 2020 NOV 2020 DEC 2020 JAN 2021 FEB 2021 0 5 10 6.1% Unemployment Rate MD FEB 2021 Source: MD DLLR Baltimore County Cecil County Harford County Maryland FEB 2020 MAR 2020 APR 2020 MAY 2020 JUN 2020 JUL 2020 AUG 2020 SEP 2020 OCT 2020 NOV 2020 DEC 2020 JAN 2021 FEB 2021 0 2M 5.1% Unemployment Rate HC FEB 2021 Source: MD DLLR 6.72 % Unemployment Rate U.S. FEB 2021 Source: U.S. BLS APR 2021 Permitting Data Real Estate $981 Harford County Average Wage/Week Quarter 3: 2020 Source: U.S. BLS UNEMPLOYMENT RATE LABOR FORCE 53.8% 46.2% In-Commute Jobs Out-Commute Jobs Source: ACS 2019 2021 2020 2019 Other New 0 50 100 150 200 250 300 JAN 2021 2020 2019 Other New 0 10 20 30 40 JAN 2021 2020 2019 Other New 0 5 10 15 20 25 JAN 2021 2020 2019 Other New 0 500 1000 1500 2000 COMMERCIAL MANUFACTURED MULTI-FAMILY RESIDENTIAL 130 Estimated New Jobs $2.64M Capital Investment 48K Square Footage 2020 Data Estimates Units Sold Median Sale Price 256 $280,450 Harford County - Residential -3% % CHANGE 1YR ^9% Units Sold Median Sale Price 27 $414,000 Forest Hill, Jarrettsville, North -23% % CHANGE 1YR ^<1% Units Sold Median Sale Price 100 $278,950 Aberdeen, Belcamp, Havre de Grace ^<1% % CHANGE 1YR ^17% Units Sold Median Sale Price 65 $310,000 Bel Air -20% % CHANGE 1YR -7% Units Sold Median Sale Price 34 $291,254 Fallston & Joppa ^6% % CHANGE 1YR no +/- Units Sold Median Sale Price 45 $261,000 Abingdon ^<1% % CHANGE 1YR ^8% Units Sold Median Sale Price 22 $166,000 Edgewood -4% % CHANGE 1YR -<1% Source: Long & Foster Market Minute 02/21 OCED Updates RETAIL Vacancy Rate 7.8% Rental Rate/Sq Ft $20.12 Inventory Sq Ft 12.5M OFFICE Vacancy Rate 10.7% Rental Rate/Sq Ft $22.49 Inventory Sq Ft 6M Source: CoStar Realty Information - 03/21 INDUSTRIAL Vacancy Rate 16.9% Rental Rate/Sq Ft $7.23 Inventory Sq Ft 30.3M Financial Data #1 CARES Act Grants #3 Workforce Technical Training Grant FY20 Total Businesses: 27 Number of Employees: 311 Total $ Disbursed: $52,880.86 Economic Development Opportunity Fund Total Applications: 3 Total Approved: 2 Total $ Disbursed: $100,000 Small Business Relief Grant (48.19%) Homegrown Harford Farm Relief Grant (3.73… Business Owners Assistance Grant (34.27%) Childcare Provider Relief Grant (6.33%) Winter Restaurant Relief Grant (7.49%) Small Business Relief Grant (54.34%) Homegrown Harford Farm Relief Grant (1.4%) Business Owners Assistance Grant (25.68%) Childcare Provider Relief Grant (7.12%) Winter Restaurant Relief Grant (11.47%) SMALL BUSINESS FARM RELIEF BUSINESS OWNERS CHILDCARE PROVIDER RESTAURANT RELIEF 1,461 Grants = $10,995,000 113 Grants = $282,500 1,039 Grants = $5,195,000 192 Grants = $1,440,000 227 Grants = $2,320,000 Total: 3,032 Grants = $20,232,500 State Grant #2 State Restaurant Assistance Grant #1 224 Grants = $1,758,874.88 Karen Holt NEW Deputy Director of OCED 2021-D Pulaski Highway Havre de Grace, MD [email protected] 410-638-3058 Community & Economic Development 2021-D Pulaski Highway Havre de Grace, MD 21078 410-638-3059 [email protected] www.harfordcountymd.gov/OCED Connect with us: # of Grants Total $ Partner Updates JANUARY 2021 417 Customers Served 65 Training Services 10 Number of Seminars 389 Business Engagements 6 Initial Business Contacts 4 Talent Acquisition Activities Q2 FY21 (Oct - Dec 2020) 5 New Businesses Started 41 Jobs Supported 34 Clients Counseled 63 Counseling Hours 25% Clients Achieving Milestones $120,000 Capital Infusion Susquehanna Workforce Network (410) 939-4240 | https://www.swnetwork.org/ Small Business Development Center (443) 412-2237 | https://www.marylandsbdc.org/ SPOTLIGHT ON Eastgate Logistics Park 2.3M SF Industrial Park Located in Perryman mrpindustrial.com/eastgate Since January 2021 State Restaurant Assistance Grant #2 256 Grants = $1,055,324.16 TOTAL: $2,814,199.04 HOTEL RELIEF* 32 Grants = $1,005,964 *Available only to hotels that contributed toward the county's hotel/lodging fee in 2020 RELIEF Act Grants #4 THREE NEW GRANT PROGRAMS: Nonprofit Relief Grant State Restaurant Assistance Grant - Round 3 Hotel Relief Grant - Round 2 www.harfordcountymd.gov/2880/COVID-19-Business-Relief-Grants
Transcript of Monthly Statistics Report Harford County
Harford CountyMonthly Statistics Report
Compiled by the Office of Community & Economic Development
Labor Statistics
Baltimore County Cecil County Harford County Maryland
FEB 2020
MAR 2020
APR 2020
MAY 2020
JUN 2020
JUL 2020
AUG 2020
SEP 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
0
5
10
6.1% UnemploymentRate MD FEB 2021
Source: MD DLLR
Baltimore County Cecil County Harford County Maryland
FEB 2020
MAR 2020
APR 2020
MAY 2020
JUN 2020
JUL 2020
AUG 2020
SEP 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
0
2M5.1% UnemploymentRate HC FEB 2021
Source: MD DLLR
6.72%
UnemploymentRate U.S. FEB 2021
Source: U.S. BLS
APR 2021
Permitting Data
Real Estate
$981Harford CountyAverage Wage/WeekQuarter 3: 2020
Source: U.S. BLS
UNEMPLOYMENT RATE
LABOR FORCE
53.8%
46.2%
In-Commute Jobs
Out-Commute JobsSource: ACS 2019
2021 2020 2019
Other
New
0 50 100 150 200 250 300
JAN 2021 2020 2019
Other
New
0 10 20 30 40
JAN 2021 2020 2019
Other
New
0 5 10 15 20 25
JAN 2021 2020 2019
Other
New
0 500 1000 1500 2000
COMMERCIAL MANUFACTURED
MULTI-FAMILY RESIDENTIAL
130EstimatedNew Jobs
$2.64MCapital
Investment
48KSquareFootage
2020 DataEstimates
Units SoldMedian Sale Price
256$280,450
Harford County - Residential-3%
% CHANGE 1YR
^9%
Units SoldMedian Sale Price
27$414,000
Forest Hill, Jarrettsville, North-23%
% CHANGE 1YR
^<1%
Units SoldMedian Sale Price
100$278,950
Aberdeen, Belcamp, Havre de Grace^<1%
% CHANGE 1YR
^17%
Units SoldMedian Sale Price
65$310,000
Bel Air-20%
% CHANGE 1YR
-7%
Units SoldMedian Sale Price
34$291,254
Fallston & Joppa^6%
% CHANGE 1YR
no +/-
Units SoldMedian Sale Price
45$261,000
Abingdon^<1%
% CHANGE 1YR
^8%
Units SoldMedian Sale Price
22$166,000
Edgewood-4%
% CHANGE 1YR
-<1%
Source: Long & Foster Market Minute 02/21
OCED Updates
RETAILVacancy Rate 7.8%
Rental Rate/Sq Ft $20.12
Inventory Sq Ft 12.5M
OFFICEVacancy Rate 10.7%
Rental Rate/Sq Ft $22.49
Inventory Sq Ft 6M
Source: CoStar Realty Information - 03/21
INDUSTRIALVacancy Rate 16.9%
Rental Rate/Sq Ft $7.23
Inventory Sq Ft 30.3M
Financial Data#1
CARES Act Grants#3
Workforce Technical Training Grant FY20Total Businesses: 27Number of Employees: 311Total $ Disbursed: $52,880.86
Economic Development Opportunity FundTotal Applications: 3Total Approved: 2Total $ Disbursed: $100,000
Small Business Relief Grant (48.19%)
Homegrown Harford Farm Relief Grant (3.73…
Business Owners Assistance Grant (34.27%)
Childcare Provider Relief Grant (6.33%)
Winter Restaurant Relief Grant (7.49%)
Small Business Relief Grant (54.34%)
Homegrown Harford Farm Relief Grant (1.4%)
Business Owners Assistance Grant (25.68%)
Childcare Provider Relief Grant (7.12%)
Winter Restaurant Relief Grant (11.47%)
SMALLBUSINESS
FARMRELIEF
BUSINESSOWNERS
CHILDCAREPROVIDER
RESTAURANTRELIEF
1,461 Grants =$10,995,000
113 Grants =$282,500
1,039 Grants =$5,195,000
192 Grants =$1,440,000
227 Grants =$2,320,000
Total: 3,032 Grants= $20,232,500
State Grant#2
State RestaurantAssistance Grant #1
224 Grants =$1,758,874.88
Karen HoltNEW Deputy
Director of OCED
2021-D Pulaski HighwayHavre de Grace, [email protected]
Community & Economic Development2021-D Pulaski HighwayHavre de Grace, MD [email protected]/OCED
Connect with us:
# of Grants
Total$
Partner Updates
JANUARY 2021417 Customers Served65 Training Services 10 Number of Seminars 389 Business Engagements6 Initial Business Contacts4 Talent Acquisition Activities
Q2 FY21 (Oct - Dec 2020)5 New Businesses Started41 Jobs Supported34 Clients Counseled63 Counseling Hours25% Clients Achieving Milestones$120,000 Capital Infusion
Susquehanna Workforce Network(410) 939-4240 | https://www.swnetwork.org/
Small Business Development Center(443) 412-2237 | https://www.marylandsbdc.org/
SPOTLIGHT ONEastgate Logistics Park
2.3M SF Industrial ParkLocated in Perrymanmrpindustrial.com/eastgate
Since January 2021
State RestaurantAssistance Grant #2
256 Grants =$1,055,324.16
TOTAL: $2,814,199.04
HOTELRELIEF*
32 Grants =$1,005,964
*Available only to hotels thatcontributed toward the county's
hotel/lodging fee in 2020
RELIEF Act Grants#4THREE NEW GRANT PROGRAMS:
Nonprofit Relief GrantState Restaurant Assistance Grant - Round 3Hotel Relief Grant - Round 2 www.harfordcountymd.gov/2880/COVID-19-Business-Relief-Grants
