A strategic plan for economic development has been established for the Baltimore County in the state of Maryland.
The Economic Development Department will work to expand the base of employment, increasing the amount of employers, and assist the community so that new businesses are attracted to the county.
The Executive of the Baltimore County Kevin Kamenetz elaborates on how the economic development strategy will focus on the core assets for the county itself.
The core assets include:
- Possessing a business sector that is diverse and competitive.
- Workforce that is extremely educated in regards to the type of work.
- A strong infrastructure in regards to the business culture.
The economic development plan will include locating employment centers and to stimulate them with private investments which would lead to growth and the advancement of the projects. Some of the employment centers include The University of Maryland, the Federal Center, Towson, Sparrows Point, White Marsh and Liberty Road Corridor.
The development goals in the region of Towson include the Commons Complex, the Towson Triangle and the high rise apartments that are in close proximity to the University. Some complications that may arise in the development process include the age of the building and meeting the needs of corporations.
The economic development report states that many offices and buildings in the Federal Center are worn out and do not have the proper functionality for business to thrive. Many companies need the proper amenities to properly thrive in the region of Baltimore County.
The report also elaborates on how the county should focus on economic development in the sectors of health care, manufacturing, federal agencies and corporate headquarters. There were nearly 20 key objectives that were released on the economic development report.
Overall, an economic development strategy is ideal for expanding the job market and businesses in the Baltimore County.