17,000 jobs projected from Sparrows Point development

A new study values the economic impact of developing 3,100 acres at Sparrows Point as a global logistics, manufacturing and commerce hub. Conducted by Sage Policy Group for Tradepoint Atlantic, the study sees the industrial development in eastern Baltimore County creating nearly 17,000 direct and indirect jobs in the Baltimore region with approximately $3 billion in total economic impact.

At five square miles, Tradepoint Atlantic is the largest privately-owned industrial and terminal site on the East Coast, with deepwater berths, direct access to interstate highways, and internal rail connecting to CSX and Norfolk Southern freight lines.

"I am so proud that the vision we created with the Sparrows Point Partnership in 2013 is becoming a reality. While the vast majority of the 17,000 jobs will be in Baltimore County, this new study validates Tradepoint Atlantic’s potential as a dynamic economic driver for the entire Baltimore region,” said Baltimore County Executive Kevin Kamenetz.

“Every business coming to Tradepoint Atlantic brings jobs and economic opportunity back to the Point. Under Armour, Pasha Automotive, FedEx Ground and Atlantic Forest Products are leading the way -- and they are just the start,” continued Kamenetz. “By leveraging assets built to support global logistics, manufacturing, e-commerce and marine trade, Tradepoint Atlantic is propelling the next generation of jobs for Sparrows Point.”

17,000 jobs
Sage Policy Group assessed the economic implications of Tradepoint Atlantic’s master plan. The study finds that full build-out over the next decade will lead to $1.8 billion in direct economic activity from the site’s tenants, creating 9,500 permanent, direct jobs. When taking into account multiplier impacts, this translates to $2.9 billion in regional economic activity and total employment of nearly 17,000 jobs, with associated worker income of $1.1 billion.

Plus 21,000 construction-related jobs
Implementation of the current Tradepoint Atlantic Master Plan will add more than 16 million square feet of built space at Sparrows Point by 2020-2025. This represents more square footage than all the office buildings in downtown Baltimore combined.

An additional 21,000 construction-related jobs (measured in job years) are projected during the building phase.