Download - State of the Region FINAL Print
-
8/3/2019 State of the Region FINAL Print
1/60
Greater Baltimore
State of the Region Report 2011
Baltimore
Metropolitan
Council
-
8/3/2019 State of the Region FINAL Print
2/60
-
8/3/2019 State of the Region FINAL Print
3/60
Greater BaltimoreState of the Region Report
2011
Produced Jointly by
Greater Baltimore Committee
Charles O. Monk,ChairDonald C. Fry, President & CEO
Baltimore Metropolitan Council
Stephanie Rawlings-Blake, ChairLarry Klimovitz, Executive Director
Data Analysis by
Regional Economic Studies InstituteTowson University
-
8/3/2019 State of the Region FINAL Print
4/60
-
8/3/2019 State of the Region FINAL Print
5/60
Table of Contents
Introduction .........................................................1
Summary of Findings ............................................4
Demographics & Market Characteristics .............11
Population ....................................................12
Market, Income and Area ............................15
Economy ............................................................19
Employment Sectors.......................................20
Employment Growth by Sector.......................24
Tourism and Conventions ............................27
Innovation and Productivity ........................29
Commercial Real Estate ...............................30
Education & Workforce ........................................33
Transportation ....................................................37
Auto .............................................................38
Commute......................................................39
Public Transportation ...................................40
Air Travel ....................................................41
Quality of Life......................................................43
Cost of Living .....................................................43
Homeownership ............................................44
Health Care..................................................45
Arts, Culture and Recreation ........................47
Community..................................................47
Social Distress and Crime.............................48
Energy..........................................................50
Air Quality and Climate..............................51
Government .................................................52
-
8/3/2019 State of the Region FINAL Print
6/60
-
8/3/2019 State of the Region FINAL Print
7/60
2011 GBC State of the Region Report 1
Introduction
Te Greater Baltimore State o the Region 2011 reportexamines the relative health and economic perormanceo our region as compared to a group o metropolitaneconomies throughout the United States.
Tis report is the latest edition o reports startingin 1998 and updated in 2000, 2003, 2005, and2007. Tis 2011 edition is a joint initiative betweenthe Greater Baltimore Committee, the regionspremier business leadership organization, and theBaltimore Metropolitan Council.
Te project was launched in 1997 with counseland input rom the Johns Hopkins Institute orPolicy Studies. Tis report oers baseline and ollow-up inormation on key measurements o the regionseconomic health and business climate. Its purpose is
to provide an objective look at our regions competi-tive advantages and challenges as we work to developregional strategies or success in the national andglobal economies.
Te U.S. Bureau o the Census defnition o theBaltimore Metropolitan Statistical Area (MSA) isused in this report, and identifes the Greater Balti-more region as Baltimore City, and the surrounding
counties o Anne Arundel, Baltimore, Carroll, Harord,Howard, and Queen Annes. Te terms metropolitanarea and region are used interchangeably throughoutthis report.
Since the purpose o this report is to provide aresource or strengthening the business climate oGreater Baltimore, data rom the Greater Baltimoreregion and the Washington, D.C. region are measuredseparately in most cases. We recognize, however, thatthe two are also widely recognized as an economicallypowerul combined metropolitan statistical area
that comprises one o the nations largest marketsand we support business and government team-work to strengthen the business climate o thecombined region.
Seattle
Portland
San Diego
Denver
Minneapolis
Saint Louis
Indianapolis
Cleveland
Boston
Philadelphia
BaltimoreWashington
Richmond
Charlotte
Pittsburgh
Dallas
Austin
Raleigh
Atlanta
Tampa
Metropolitan Areas Studied in the 2011 State of the Region Report
-
8/3/2019 State of the Region FINAL Print
8/60
2011 GBC State of the Region Report2
Te most up-to-date, nationallypublished data and inormationsources covering metropolitan regionshave been used in this report. Te
results provide a context or ramingkey questions about our community.How does the Greater Baltimoreregion compare to other regions asa place to live, work, and operate abusiness? What does the data suggestabout where we are and where weare going? Is the Greater Baltimoreregion well positioned to participateully and competitively in the presentand uture economy? What do weneed to do to improve our ability tocompete in the global economy?
Tere have been numerouschanges since the frst report. Tebreadth, scope, and number o indi-cators have increased. Additionally, while most o thebenchmark regions have remained the same, severalhave changed either due to the ability to update theindicators or because the defnitions or metro areashave changed.
Signifcant changes have also occurred withinthe region since 1998. Many o the suburban countieslooked very dierent than now. Howard County hasbecome one o the top places to live and wealthiestcounties in the nation and Anne Arundel has grownthrough the continued development o BWI TurgoodMarshall Airport and the deense contracting andhigh technology businesses. Harord Countyhas and will continue to grow due to AberdeenProving Ground. Carroll County has grown with itsincreasing residential base. Baltimore County has seen
signifcant change in many o its communities includingowson, Owings Mills, Hunt Valley, White Marsh,and Middle River. Baltimore City has experiencedsignifcant change in the growth and developmento housing, businesses, and residents now locatingwithin its neighborhoods. From 2000 to 2010,Baltimore Citys population loss slowed dramatically.
Each o the regions counties hasgrown, developed, and evolved. Since2000, the population o the regionhas grown by more than 157,000 per-
sons. Te region has remained highlycompetitive and is a leader in manyo the indicators tracked. Key indicatorswhere the Greater Baltimore regionhas improved its ranking among theregions studied since the last State othe Region report in 2007 include: Per Capita Personal Income; from6th to 4th
Median Household Income; from4th to 3rd
College Education Attainment(persons 25 years and older); rom14th to 8th
Te growth and developmento the region has come at a price
though. Greater Baltimore has become a morecongested and costly place to live. Te region nowhas one o the longest commuting times or all othe comparison metro areas. Homeownershiprates have decreased rom 72.9 percent in 2006 to
66.6 percent in 2010. Te median home price hasdropped rom $274,100 to $246,100 rom 2008 to2010. In 2007, the Greater Baltimore region was oneo the more expensive places to live with a cost oliving 18 percent above the national average. oday,the region remains among the more expensive placesto live with a cost o living nearly 19.3 percent abovethe national average.
Tese changes, both positive and negativerepresent opportunities and challenges as we workto shape the development o the region. Trough
regional cooperation and promoting the region as awhole, the Greater Baltimore metro area will be ableto shape its uture and compete both nationallyand globally.
The most up-to-date,
nationally published data and
information sources covering
metropolitan regions have
been used in this report. The
results provide a context for
framing key questions about
our community. How does
the Greater Baltimore region
compare to other regions
as a place to live, work, and
operate a business? What
does the data suggest about
where we are and where we
are going?
Introduction
-
8/3/2019 State of the Region FINAL Print
9/60
2011 GBC State of the Region Report 3
Selecting Regions for Comparison
wenty metropolitan regions, including Baltimore,were selected rom across the country in order tocompare a wide variety o actors that relate to the
economy and quality o lie. Te metropolitan areasstudied include some o the astest growing, mostdynamic regions in the nation, along with someolder metropolitan areas that are going througheconomic transition.
Metro areas studied in the 2011 State o theRegion Report:
Te largest U.S. metro-politan areas, such as NewYork, Chicago, and Los
Angeles, were not includedbecause their size woulddramatically skew thecomparison.
Tis report presents a seto indicators published bycredible third parties that areimportant to gauge the healthand perormance o urbanregions. Te indicators donot tell us why something
is the way it is, nor do theyprovide a detailed explana-tion o the conditions we areexamining.
Te Greater BaltimoreState o the Region projectbrings together the goals and interests o the GreaterBaltimore Committee and the Baltimore MetropolitanCouncil. Te two organizations share the belie that
strengthening regional ties and collaboration willbeneft the entire region.
Te Baltimore Metropolitan Council compiledthe data in this report with assistance rom the
Greater Baltimore Committee. Te data wascompiled between February 2011 and June 2011.Te data was reviewed and analyzed by the RegionalEconomic Studies Institute o owson University(RESI) and a team rom all three organizations. TeGreater Baltimore Committee managed production,composition and editing o this report.
Major changes since the 2007 State o theRegion Report include:
New and changed tables: Several tables and one new
section have been added to this years report: Top 20 Metro Areas by Population.
Top 20 Metro Areas by Median Household Income.
New Economy Index.
Average Scores in National Assessment ofEducational Progress, Science.
Postsecondary Awards inScience, echnology, Engineeringand Mathematics.
Health Insurance Coverage.
Within Quality of Life, a newsubsection on Energy includesthree tables:
Price of Electricity.
Price of Natural Gas.
Alternative Energy Use.
Deleted tables: wo tables romthe previous State o the Region
Report have been removeddue to availability o data ornon-comparability:
Transit Farebox Recovery.
Financial Practices of Charities.
Atlanta, GAAustin, XBaltimore, MD
Boston, MACharlotte, NCCleveland, OHDallas-Fort Worth, TXDenver, COIndianapolis, INMinneapolis-St. Paul, MN
Philadelphia, PAPittsburgh, PAPortland, OR
Raleigh, NCRichmond, VASan Diego, CASt. Louis, MOSeattle, WAampa, FLWashington, D.C.
-
8/3/2019 State of the Region FINAL Print
10/60
2011 GBC State of the Region Report4
Summary of Findings
By Daraius Irani, Ph.D., DirectorTe Regional Economic Studies Institute, owson University
As the nation slowly recovers rom the worsteconomic downturn since World War II, a ewdisheartening acts are emerging. First, the nationlost over eight million jobs throughout the recessionand ailed to create nearly three million jobs to keeppace with population growth or a total job loss onearly eleven million. Second, housing values con-tinue to struggle to fnd a bottom, urther delayingeconomic recovery. Tird, frms are unwilling to hirenew employees, relying instead on productivity gainsto accommodate increases in demand. Fourth, whilethe fscal stimulus was successul in the sense that it
prevented urther job losses, it clearly was not asuccess in terms o stimulating economic growth.Finally, in light o the fscal stimulus and the debtand defcit crisis, there does not seem to be the po-litical will to increase government spending beyondwhat is necessary, which urther slows the nascenteconomic recovery.
All o these actors will have an impact on theGreater Baltimore regions economy and in somecases the impact o these acts will be disproportion-ate. It has oten been said that the regions economy
is based on Eds, Meds, Feds, and Beds, and in thedarkest period o the economic downturn, thesesectors kept the region rom alling urther into theeconomic abyss. However, with the fscal challengesat the ederal level and at the state and local level,the Greater Baltimore region may be entirely morevulnerable than its benchmark regions. Specifcally,the three largest sectors o the Greater Baltimoreregions economy government, education andhealthcare are either directly or indirectly dependenton the ederal government.
What is important to establish rom the rankingsprovided is whether or not the groundwork or asustainable economic recovery is present in the region.Te proximity to Washington, D.C. has been both ablessing and a curse or the region. It has providednumerous well-paying, secure jobs which have attractedwell-educated households to the region. However,a disproportionate share o the regions workorce is
Baltimore Metro Area Top Five Rankings
Indicator Rank
Academic Research and Development Expenditures 1
Change in Housing Starts 1
Best Hospitals 1
Cancer Hospitals 1
Ofce Lease Rates Non-Central Business District 2
Health Care Cost o Living 2
Physicians 2
Local Government Units 2007 2
Local Government Units per 100,000 Population 2007 2
Per Capita Personal Income Percentage Change 2007-2009 2
Women Owned Firms 2
Median Household Income 3
Manuactur ing Employment Change 2006-2008 vs. 2008-2010 3
Transportation Ranking 3
New Economy Index 3
Black or Arican-American Owned Firms 3
Population Density 4
Transit Ridership Bus 2010 4
Per Capita Personal Income 2009 4
Suicide Rate 2008 (rom lowest to highest) 4
Educational and Health Services Employment (as percent of total) 2008 and 2010 5
Government Employment (as percent o total) 2008 and 2010 5
Total Non-Farm Employment Change 2006-2008 vs. 2008-2010 5
High Tech Employment Change 2007 vs. 2009 5
Total Air Passengers Change 2007 and 2009 5
Workers 16 and Older Using Public Transportation 5
Transit Ridership Heavy Rail 2010 5
Transit Ridership Per Capita 2010 5
Health Insurance 5
Families with income below poverty rate (rom lowest to highest) 5
Baltimore Metro Area Bottom Five Rankings
Indicator Rank
Manuacturing Employment (as percent o total) 2008 and 2010 19
Trafc Congestion: Annual Wasted Fuel per Auto Commuter 2009 19
Trafc Congestion: Annual Delay per Auto Commuter 2009 19
Average Travel Time to Work 18
Roadway Miles Per Capita 2008 18
Inant Mortality Rate 18
Violent Crime 2009 18
Land Area 17
Convention Center Size 2009 16
Information and Technology Employment (as percent total) 2008 and 2010 16
Wholesale and Retail Trade Employment (as percent total) 2008 and 2010 16
Manuacturing: Total Value Added 2007 16
Property Crime Percent Change 2007 to 2009 16
Demographics that focused on racial traits have been omitted.
Rankings that are in the bottom, such as land area, could be considered strengths.
-
8/3/2019 State of the Region FINAL Print
11/60
2011 GBC State of the Region Report 5
employed directly by the ederal government, anda large portion o the regions small- and medium-sized businesses are contracting with the ederalgovernment to provide essential services. Addition-
ally, while billions o dollars in ederal grants andexpenditures have enabled the regions universities toachieve world rankings in numerous basic researchelds, the regions share o commercialization isnear the bottom when compared to other statesand regions.
Overview of Rankings
While these rankings are important measures ofthe regions perormance, it should be noted thatthe rankings are relative rather than absolute. As aresult, the Greater Baltimore region may not beperorming as badly in some o the categories as thesample regions.
O the 109 categories measured in this report, the
Greater Baltimore region achieved top ve rankingsin 30 categories. Conversely, the region ranked in thebottom ve in 13 categories. Some actors, such asracial demographic make-up, should not be evaluated
as being either strengths or weaknesses. On the otherhand, some rankings, such as land area and averagetemperature, could be considered strengths.
Changes from the 2007 Report
Te changes in rankings rom the 2007 State o theRegion Report reect characteristics o a region thathas remained relatively economically strong duringthe recovery rom the recent economic downturn,as increased personal income rankings attest. Teregions increasing transit use and transportation
rankings, especially in the light rail sector, suggestthat Greater Baltimore region has a solid base uponwhich to continue transportation inrastructureimprovements.
Te attraction o a highly skilled labor orce isevident in this years rankings, as Greater Baltimoreremains competitive with the surrounding regionsjob market. Te uctuation in rankings continuesto underscore the challenges in transitioning roma manuacturing employment base to one drivenby service and knowledge-based sectors such as
government, education, and healthcare.Te Greater Baltimore regions strong govern-
ment employment base continues to reect theregions proximity to Washington, D.C. Tegovernment sectormore specically, ederalgovernmentis a major employer or the GreaterBaltimore region and one o the ew industries topost a positive growth rate since the 2007 report.
Region at a Crossroad
As the nation begins the arduous task o recovery,
the Greater Baltimore Region nds itsel at a cross-roads. Despite the nationwide economic downturn,the region staved of sharp increases in unemploy-ment compared to many o the benchmark regions.Employment in the Greater Baltimore regioncontracted between 2008 and 2010 by 1.6 percent,a rate comparatively lower than that o benchmarkregions such as St. Louis (-2.4 percent) and Cleveland
Positive Change in Rank
Indicator Rank
Housing Starts 18 to 11
Total Manuacturing Employment 16 to 14
Manuacturing Employment Change 2006-2008 vs. 2008-2010 15 to 3
Financial Activities Employment Growth 2006-2008 vs. 2008-2010 16 to 14
Education and Health Svs. Employment Change 2006-2008 vs. 2008-2010 15 to 12
Proessional and Business Services Employment Change2006-2008 vs. 2008-2010
13 to 6
Wholesale and Retail Trade Employment Change 2006-2008 vs.
2008-2010
16 to 12
Government Employment Change 2006-2008 vs. 2008-2010 13 to 4
Leisure and Hospitality Employment Change 2006-2008 vs.
2008-2010
13 to 11
Manuacturing Productivity Value Added per Worker 2007 13 to 10
Change in Ofce Vacancy Rate 2006-2008 and 2008-2010 10 to 6
Median Home Prices 2008 and 2010 15 to 14
Government Employment (as percent o total) 2008 and 2010 6 to 5
Ofce Vacancy Rate 7 to 6
Health Care Cost 13 to 2
Negative Change in Rank
Indicator Rank
Financial Activities Employment (as percent o total) 2008
and 2010
12 to 14
Inormation Employment Change 2006-2008 vs. 2008-2010 2 to 6
Annual Unemployment Rate 4 to 6
Education and Health Services Employment as Percent o Total
Non-Farm Employment 2010 vs. 2008
4 to 5
Leisure and Hospitality Employment (as percent total) 2008
and 2010
14 to 15
Ofce Vacancy Rate Downtown 2008 and 2010 11 to 14
-
8/3/2019 State of the Region FINAL Print
12/60
2011 GBC State of the Region Report6
(-3.2 percent). Te only sectors posting positivechanges in employment were high tech and govern-ment. Sectors such as proessional and business
services and nancial activities saw modest declines,while manuacturing saw the most signicant declineto date.
Te regions modest annual contraction inemployment refects its dependency on the govern-ment sector. Instead o posting employment declinessimilar to those o the benchmark regions, Marylandcontinued to thrive in a comparative sense primarilydue to ederal government employment growth. Teederal government employment base is second onlyto the education and health services sector. In 2010,
18.2 percent o the regions employment was concen-trated in ederal government, and 18.7 percent waslocated in the education and health services sector.
Looking ahead, the Greater Baltimore region willneed to careully consider its approach to its eco-nomic uture. Te region can continue to encouragethe trend o a growing ederal government sector andhope that this will continue to generate more jobswithin the region through Base Realignment and
Closure (BRAC) and/or the creation o new ederalagencies. Conversely, it could ollow new initiativesto break the state and region rom dependency on
ederal government employment. Initiatives such asInvest Maryland and Science, echnology, Engineer-ing, and Math (SEM) education and workorcedevelopment, as well as growth o the biotechnologysector and the green economy will help the regionstand on its own amid the slow recovery and buildor uture economic growth.
Base Realignment and Closure (BRAC)
Te movement o several military installations intoMaryland rom bases outside the region as a resulto BRAC Commission decisions has helped cushion
the eects o the economic downturn within thestate. Numerous contractors have opened new ocesaround Aberdeen Proving Ground and Fort Meade.By September 2011, it is estimated that BRAC willhave brought approximately 22,000 on-base andembedded contractor jobs into the area. An additional23,000 indirect and induced jobs will be supportedas a result, though the timing o these jobs may ormay not coincide with the arrival o the on-base or
Key Locations Around the Baltimore Metropolitan Area
Summary of Findings
-
8/3/2019 State of the Region FINAL Print
13/60
2011 GBC State of the Region Report 7
embedded contractor jobs. Te eects o the recessionmay reduce this latter number.
However, with BRAC, the Cyber-SecurityCommand, and the National Security Agency, the
region is becoming a center or cyber-related jobsand business opportunities, though heavily orientedtowards the ederal government. In light o theongoing budget debate, this orientation may exposethe region to a degree o uncertainty in terms oeconomic growth. Te strong presence o the ederalgovernment in the region has driven economicopportunities or the private sector, but it has beenat the expense o the private sector not necessarilypursuing nongovernmental opportunities.
Te movement o mainly high-skilled jobs will
be welcomed and presents a challenge to the regionseducational institutions to ensure that the studentso today are well prepared to ll these positions. TeGreater Baltimore region has a strong oundation uponwhich to organically create and provide the neededpersonnel through nationally ranked universities.
With a high school educational attainmentrate o more than 85 percent, Maryland is a prime
candidate or uture high-skilled and high-techindustries. Te infux o jobs related to BRAC willencourage the inclusion o programs ocusing onscience, technology, engineering, and math (SEM)
into the regions educational curriculum as Marylandrises to meet the demand or this new workorce.
Science, Technology, Engineering, and Math (STEM)
Te region continues to buckle under the combinedweight o slow recovery and job growth decay. Teinfux o BRAC and BRAC-related jobs has helpedstave o urther declines, but the need or highlyskilled employees is still present. Implementing edu-cational programs to strengthen skills and knowledgein technology, science, engineering, and math eldsamong K-12 students will ensure that the regions
workorce can meet the current and uture needs oboth established and developing industries withinthe region.
While Marylands public schools consistentlyrank in the top tier o all public schools in thenation, some graduates still need remediation inboth math and English. Marylands labor orce acesseveral challenges. Specically, some portion o the
Colleges and Universities of the Baltimore Metropolitan Area
-
8/3/2019 State of the Region FINAL Print
14/60
2011 GBC State of the Region Report8
labor orce is lacking middle skills, urthering thechallenges o promoting economic growth in theregion. o overcome these challenges, an investment,such as certifcations in specifc felds like engineer-
ing and technology support, needs to be madewithin educational programs. Although challengesremain, the implementation o programs to osterstudent growth in company-specifc programsattracted more than 13,000 students in 2010 alone.
Te SEM Coalitions continued grant supporto Maryland school systems can help the regionbecome competitive with other benchmark regionsby ocusing curriculum around core principles andinnovation within these felds. o date, all o Mary-lands 24 counties are currently receiving grants rom
SEM to oster programs in robotics, proessionaldevelopment in SEM-related curriculum, andscholarships in engineering and science or Marylandstudents. en o Marylands counties are directlyaected by BRAC, so programs reinorcing science,technology, engineering, and math in the classroomsurther cultivate the highly-skilled workorce thatwill be needed in the near uture. SEM programscan bridge the gap within the region betweenlow- and high-skilled workers and create a largermiddle-skilled workorce.
New Economy Index
Te Kauman Foundations State New EconomyIndex or 2010 ranked Maryland 3rd nationallyoverall or the second time in a row. Indicatorswithin this study are designed to measure a statescapacity to continue competing in the new globaleconomy. States with high rankings oten attracttechnology frms and corporate headquarters, shitingprevious employment opportunities rom manuac-turing to high-wage, high-skilled employment. Te
surge rom SEM programs into Maryland schoolscoupled with BRAC-related jobs should assist inbeginning to create the building blocks or a morediversifed economy in Maryland.
Other than education, indicators used within theNew Economy study indicate that Maryland willneed to consider reviewing its business climate i it isto post positive growth coming out o the recession.Indicators in the economy dynamism category o the
State New Economy Index show that the region isstill lacking in its ability to compete with businesseson a global scale. In the report, Maryland was notlisted anywhere among the top fve throughout most
o this category.Although Maryland, home to several prestigiousresearch institutions, ranked within the top fvestates or the number o Deloitte echnology Fast500 and Inc. 500 frms as a share o total frms inthe state, it is still lacking in new entrepreneursand start-ups. Gas prices and electricity prices, twodistinct actors businesses review beore investing ina new region, are relatively high in the region com-pared against other benchmark regions. Withoutsome movement toward policy changes to promote
new businesses, the state may experience a surplus ohigh-skilled labor and a shortage o jobs, particularlyas BRAC jobs are absorbed into the economy. Into2012 and beyond, Maryland would be wise to con-sider review and potential revision o its policies toalter the perception o its unriendly business climateand encourage business growth across the state.
New Image
Moving into the next year, high-level educationalattainment and employment opportunities can
bolster Marylands economy. According to the NewEconomy State Index, Maryland is poised to moveupward i policy makers review the barriers to entryor new businesses and provide incentives that createa more welcoming business climate. A new businessclimate will attract frms looking or a high-skilledlabor orce and easy market entry. As Marylandcontinues to lead the way in academic research andhospital services, the state must continue movingorward with the development o middle- and high-skilled employment and the supporting educational
programs.Economic growth will require a review o policies
surrounding new businesses and SEM-ocusededucational programs. Without movement towardthe continued growth o a strong workorce and abreakdown o some barriers aced by new businesses,the road to recovery will be longer and more dicultthan necessary.
Summary of Findings
-
8/3/2019 State of the Region FINAL Print
15/60
2011 GBC State of the Region Report 9
Demographics and Market
Population:With more than 2.71million people, Greater Baltimoreranks among the top 20 largest metro-
politan areas in the United States and11th among the 20 benchmark metroareas included in this study.
Per capita income: Ranking 17thnationally and 4th among the 20benchmark metros or per capitapersonal income at $47,962, theBaltimore metro area experienced animprovement rom 2005, where theregions rankings were 20th and 6th, respectively.
Per capita income growth: Greater Baltimore had thesecond highest per capita personal income growthrom 2007 to 2009 compared to the 20 benchmarkmetros, at 2.9 percent. Washington D.C. experi-enced the ourth largest growth rate rom 2007 to2009 at 1.3 percent.
Housing starts:While Baltimore improved its rankrom 18th to 11th since 2007, the total number onew home starts declined by nearly 700 units. Tisis due to the economic recession and troubles in
the housing market, but additional actors includegrowth restrictions placed by many o the suburbancounties and the amount o land that is availableor development.
Economy
Total employment: Te Baltimore metro areacontinues to rank 9th among the benchmark regionsor total nonarm employment with all regionsexperiencing a decline in jobs rom 2008.
Educational and health services:Among the 20
benchmark regions, Greater Baltimore ranks 5th oreducation and health services with 18.7 percent oemployment in these sectors.
High-tech employment: As o 2009, Baltimore ranks10th in total high tech employment with 2,855 hightech workers per 100,000 persons. op marketsinclude Washington D.C. (5,350), Boston (4,790)and Seattle (4,262).
Minority and women-owned businesses:A signifcant percentage o frms in theGreater Baltimore region are womenand minority-owned. Baltimore is 2nd
among the comparison metros in thepercentage o women-owned frms(32.3 percent), 3rd in the percentageo minority-owned frms (16.5 per-cent), and 14th in the percentage oHispanic-owned frms (2.4 percent).
Tourism
Leisure and hospitality employment:Despite the regions leisure and
hospitality employment declining between 2008 and
2010, this sector accounts or 8.8 percent o totalemployment within the Greater Baltimore regionwith a ranking o 15th. Te Baltimore metro areas32,329 hotel rooms ranks it 14th among the bench-mark regions.
Commercial Real Estate
Ofce vacancy rate: Te Greater Baltimore regionranks 6th among the study regions or oce vacancyin the metro area with an index o 17.1 an increaseo 3.4 percent rom the 2008 study. In addition,
the oce vacancy rate or downtown Baltimore is21.2 percent.
Ofce market size: Te Baltimore metro area hasthe 21st largest oce market size nationally, and isranked 8th among the 20 benchmark regions.
Education
College attainment: Te metro area ranks 8th amongthe benchmark regions in the percentage o personswith a Bachelors degree or higher (34.7 percent),increasing two ranks rom 2006. Washington D.C.,
being close in proximity, is ranked 1st
with 47.3percent having a Bachelors degree or higher.
High school attainment: More than 88 percent o per-sons in the Greater Baltimore region have completeda high school degree or above, moving the region tothe 11th spot among the 20 benchmark regions.
Academic research and development: GreaterBaltimore maintained its 1st place ranking or
Key Findings by Category
The Kauffman Foundations
State New Economy Index
for 2010 ranked Maryland 3rd
nationally overall. Indicators
within this study are designed
to measure a states capacity
to continue competing in the
new global economy.
-
8/3/2019 State of the Region FINAL Print
16/60
2011 GBC State of the Region Report10
academic research and development expenditureswith nearly $2.2 billion invested in 2008.
Transportation
Commuting: On average, each person in the region
travels a total o 23.9 miles daily, ranking Baltimore10th among the 20 benchmark metros. Greater Bal-timore remained ranked 18th among the benchmarkmetros in average travel time to work (29.7 minutes),an increase rom 28.9 minutes in 2006.
Transit ridership:With 6.2 percent of persons aged16 and over using public transportation in 2009,Greater Baltimore ranks 5th among the benchmarkmetros, while Washington, D.C. ranks 1st with 14.1percent and Raleigh ranks 20th at 1.0 percent. Te
Baltimore metro area ranks 6th or all modes oaverage weekday trips, 6th or combined heavy andlight rail (93,100 average weekday trips) and 4th orbus (303,500 weekday trips). Baltimores combinedrail transit fgures have increased signifcantly inthe last several years, up rom 65,900 weekday tripsin 2007.
Quality of Life
Cost of living:At 119.3 Greater Baltimores cost oliving index or 2010 exceeds the national average,
while its competitive ranking in the region is 14th
among the benchmark regions. Te cost o living inGreater Baltimore increased slightly rom 2007 to2010, while many othe other metroareas experienceda decline.
Median home priceand change: Temedian home pricein Greater Balti-more is $246,100ranking the region14th among thebenchmark regions.Home sales prices inGreater Baltimorehave decreased 10.2percent rom 2008-
2010, placing Greater Baltimore 13th among the 20benchmark regions.
Health care: Greater Baltimore ranks 2nd among thebenchmark regions or health care cost and is below
the national average. Pittsburgh has the lowesthealth care costs and Boston has the highest healthcare costs.
O the 20 metro areas, Baltimore ranks 5th orcitizens with health insurance, signifcantly higherthan the national average. Te Greater Baltimoreregion ranks 2nd in the number o physicians per100,000 persons, among the 20 benchmark regions.Only Boston ranks higher.
Arts destination:While the Greater Baltimore region
ranks 6th in AmericanStyle magazines 2011 readerspoll or arts destinations; it is also in close proximityto several other major arts destinations. Washington,D.C. and Philadelphia both ranked higher thanBaltimore in the poll coming in at 1 st and 4th,respectively.
Poverty: Compared to the 20 benchmark regions,Greater Baltimore has the 5th lowest level o poverty,with only 6.8 percent o amilies having incomebelow the poverty level in 2009. Tis is higher than
the 6.1 level o poverty the area had in 2006 but stilllower than the national average o 10.5 percent.
Violentcrime:Despite adecrease inthe regionsviolent crimerate, GreaterBaltimore re-mains at the
bottom othe rankingsor violentcrime amongthe 18regions orwhich data isavailable.
Key Findings by Category
Roads and Transportation Centers in the Baltimore Metropolitan Area
-
8/3/2019 State of the Region FINAL Print
17/60
Demographics andMarket Characteristics
GBC State of the Region Report
With more than 2.71 million people, Greater Baltimore ranks among the top 20 largestmetropolitan areas in the United States and 11th among the 20 benchmark metroareas included in this study.
A key feature of the region is its diversity. Te Greater Baltimore region ranks 3rdfor black population, 11th for Asian population, and 18th for Hispanic population.
Ranking 17th nationally and 4th among the 20 benchmark metros for per capitapersonal income at $47,962, the Baltimore metro area experienced an improvement
from 2005, where the regions rankings were 20th and 6th, respectively. Of the 20metros, Washington, D.C. and Boston continue to have the highest incomes, whereasten of the other benchmark metros have remained or fallen under the national averageas of 2009.
Top 20 Metropolitan Areas in the U.S. by Population2010
Name Rank Population
New York-Northern New Jersey-Long Island, NY-NJ-PA Metro Area 1 18,897,109
Los Angeles-Long Beach-Santa Ana, CA Metro Area 2 12,828,837
Chicago-Joliet-Naperville, IL-IN-WI Metro Area 3 9,461,105
Dallas-Fort Worth-Arlington, TX Metro Area 4 6,371,773
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area 5 5,965,343
Houston-Sugar Land-Baytown, TX Metro Area 6 5,946,800
Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area 7 5,582,170
Miami-Fort Lauderdale-Pompano Beach, FL Metro Area 8 5,564,635
Atlanta-Sandy Springs-Marietta, GA Metro Area 9 5,268,860
Boston-Cambridge-Quincy, MA-NH Metro Area 10 4,552,402
San Francisco-Oakland-Fremont, CA Metro Area 11 4,335,391
Detroit-Warren-Livonia, MI Metro Area 12 4,296,250
Riverside-San Bernardino-Ontario, CA Metro Area 13 4,224,851
Phoenix-Mesa-Glendale, AZ Metro Area 14 4,192,887
Seattle-Tacoma-Bellevue, WA Metro Area 15 3,439,809Minneapolis-St. Paul-Bloomington, MN-WI Metro Area 16 3,279,833
San Diego-Carlsbad-San Marcos, CA Metro Area 17 3,095,313
St. Louis, MO-IL Metro Area 18 2,812,896
Tampa-St. Petersburg-Clearwater, FL Metro Area 19 2,783,243
Baltimore-Towson, MD Metro Area 20 2,710,489
Source: U.S. Bureau of the Census Bureau
-
8/3/2019 State of the Region FINAL Print
18/60
2011 GBC State of the Region Report12
Te regions annual population growth of 0.5percent from 2005 to 2010, ranking the region15th among the benchmark regions, was belowthe national average of 0.9 percent. Tree metros
experienced population growth rates higher than3.0 percent, with Raleighs population experienc-ing the highest growth rate (3.7 percent) amongthe benchmark regions. Despite maintaining itsranking of 15th, the population growth rate forthe Baltimore region slowed from the annual rateexperienced from 2000 to 2005 (0.8 percent).
Te median age for all benchmark regionsincreased from 2000 to 2010, indicating a con-tinuing trend of an aging population. GreaterBaltimores median age of 38.1 as of 2010 ranksit 14th among the 20 regions, compared to 15thin 2007. In addition, 12.6 percent of the regionspopulation is 65 or older, slightly less than thenational percentage of 13.0 percent, but morethan the percentages reported for 13 of the 20benchmark metro areas.
Population
Demographics and Market Characteristics
Metropolitan Population
2010 vs. 2000
RegionBenchmark Rank in
2010 2010 Population National Rank in 2010Benchmark Rank in
2000 2000 Population
Dallas 1 6,371,773 4 2 5,161,544
Philadelphia 2 5,965,343 5 1 5,687,147
Washington, DC 3 5,582,170 7 3 4,796,183
Atlanta 4 5,268,860 9 5 4,247,981
Boston 5 4,552,402 10 4 4,391,344
Seattle 6 3,439,809 15 6 3,043,878
Minneapolis 7 3,279,833 16 7 2,968,806
San Diego 8 3,095,313 17 8 2,813,833
St. Louis 9 2,812,896 18 9 2,698,687
Tampa 10 2,783,243 19 12 2,395,997
Baltimore 11 2,710,489 20 10 2,552,994
Denver 12 2,543,482 21 13 2,179,240
Pittsburgh 13 2,356,285 22 11 2,431,087
Portland 14 2,226,009 23 15 1,927,881
Cleveland 15 2,077,240 28 14 2,148,143
Charlotte 16 1,758,038 33 17 1,330,448
Indianapolis 17 1,756,241 34 16 1,525,104
Austin 18 1,716,289 35 18 1,249,763
Richmond 19 1,258,251 43 19 1,096,957
Raleigh 20 1,130,490 48 20 797,071
Source: U.S. Bureau of the Census Bureau
-
8/3/2019 State of the Region FINAL Print
19/60
2011 GBC State of the Region Report 13
Median Age
2010 vs. 2000
Region
Rank in
2010 2010
Rank in
2000 2000
Austin 1 32.6 1 30.1
Dallas 2 33.5 2 32.0San Diego 3 34.6 4 33.2
Atlanta 4 34.9 3 33.1
Raleigh 5 34.9 5 33.3
Charlotte 6 35.4 6 34.1
Indianapolis 7 35.5 9 34.4
Denver 8 35.7 7 34.2
Minneapolis 9 36.0 8 34.2
Washington, DC 10 36.1 11 34.9
Portland 11 36.7 10 34.8
Seattle 12 36.8 12 35.2
U.S. 37.2 35.3
Richmond 13 38.0 15 36.1
Baltimore 14 38.1 16 36.3
Philadelphia 15 38.1 17 36.3
St. Louis 16 38.2 13 36.0
Boston 17 38.5 14 36.1
Cleveland 18 40.5 18 37.3
Tampa 19 41.2 20 40.0
Pittsburgh 20 42.6 19 40.0
Source: U.S. Bureau of the Census
Population Growth
2005-2010 vs. 2000-2005
Region
Rank in
2005-2010
2005-2010
Average
Rank in
2000-2005
2000-2005
Average
Raleigh 1 3.7% 1 3.9%
Austin 2 3.4% 2 3.4%Charlotte 3 3.1% 4 2.8%
Dallas 4 1.9% 5 2.5%
Denver 5 1.6% 9 1.6%
Seattle 6 1.5% 13 1.0%
Richmond 7 1.4% 11 1.4%
Portland 8 1.4% 8 1.6%
Indianapolis 9 1.4% 10 1.6%
Washington, DC 10 1.3% 7 1.8%
Atlanta 11 1.3% 3 3.3%
Tampa 12 1.1% 6 2.0%
San Diego 13 1.0% 14 0.9%
Minneapolis 14 0.9% 12 1.1%
U.S. 0.9% 1.0%
Baltimore 15 0.5% 15 0.8%
Boston 16 0.4% 18 0.3%
Philadelphia 17 0.4% 16 0.6%
St. Louis 18 0.3% 17 0.6%
Pittsburgh 19 -0.1% 20 -0.5%
Cleveland 20 -0.4% 19 -0.3%
Source: U.S. Bureau of the Census
Population Age 20 to 64
2010
Region Rank % of Population
Seattle 1 63.7%
Washington, DC 2 63.6%
Austin 3 63.5%
Denver 4 62.6%
Portland 5 62.5%
Boston 6 62.3%
San Diego 7 62.1%
Raleigh 8 62.1%
Atlanta 9 61.8%
Minneapolis 10 61.8%
Richmond 11 61.6%
Baltimore 12 61.5%
Charlotte 13 61.3%
Dallas 14 60.7%
Philadelphia 15 60.4%
Indianapolis 16 60.3%
St. Louis 17 60.1%
U.S. 60.0%
Pittsburgh 18 59.8%
Tampa 19 59.0%
Cleveland 20 59.0%
Source: U.S. Bureau of the Census
Population Age 65 and Over
2010
Region Rank % of Population
Austin 1 8.1%
Dallas 2 8.8%
Atlanta 3 9.0%
Raleigh 4 9.0%
Washington, DC 5 10.0%
Denver 6 10.0%
Charlotte 7 10.1%
Minneapolis 8 10.7%
Seattle 9 10.8%
Indianapolis 10 10.9%
Portland 11 11.3%
San Diego 12 11.4%
Richmond 13 12.1%
Baltimore 14 12.6%
U.S. 13.0%
Boston 15 13.1%
Philadelphia 16 13.3%
St. Louis 17 13.3%
Cleveland 18 15.2%
Tampa 19 17.2%
Pittsburgh 20 17.3%
Source: U.S. Bureau of the Census
-
8/3/2019 State of the Region FINAL Print
20/60
2011 GBC State o the Region Report14
Demographics and Market Characteristics
Asian, Hawaiian or Other Pacifc Islander
2010
Region Rank % o Population
Seattle 1 12.2
San Diego 2 11.4
Washington, DC 3 9.3
Boston 4 6.5
Portland 5 6.2
Minneapolis 6 5.8
Dallas 7 5.5
Philadelphia 8 5.0
U.S. 4.9
Austin 9 4.9
Atlanta 10 4.9
Baltimore 11 4.6
Raleigh 12 4.5
Denver 13 3.8
Charlotte 14 3.2
Richmond 15 3.2
Tampa 16 3.0
Indianapolis 17 2.3
St. Louis 18 2.2
Cleveland 19 2.0
Pittsburgh 20 1.8
Source: U.S. Bureau of the Census
Hispanic or Latino Population
2010
Region Rank % o Population
San Diego 1 32.0
Austin 2 31.4
Dallas 3 27.5
Denver 4 22.5
U.S. 16.3
Tampa 5 16.2
Washington, DC 6 13.8
Portland 7 10.9
Atlanta 8 10.4
Raleigh 9 10.1
Charlotte 10 9.8
Boston 11 9.0
Seattle 12 9.0
Philadelphia 13 7.8
Indianapolis 14 6.2
Minneapolis 15 5.4
Richmond 16 5.0
Cleveland 17 4.7
Baltimore 18 4.6
St. Louis 19 2.6
Pittsburgh 20 1.3
Source: U.S. Bureau of the Census
White Population
2010
Region Rank % o Population
Pittsburgh 1 87.8
Minneapolis 2 81.0
Portland 3 81.0
Boston 4 78.8
Tampa 5 78.8
Denver 6 78.0
Indianapolis 7 77.0
St. Louis 8 76.5
Cleveland 9 74.1
Austin 10 72.9
U.S. 72.4
Seattle 11 71.9
Philadelphia 12 68.2
Raleigh 13 67.5
Dallas 14 65.3Charlotte 15 65.1
San Diego 16 64.0
Baltimore 17 62.1
Richmond 18 62.0
Atlanta 19 55.4
Washington, DC 20 54.8
Source: U.S. Bureau of the Census
Black or Arican American Population
2010
Region Rank % o Population
Atlanta 1 32.4
Richmond 2 29.8
Baltimore 3 28.7
Washington, DC 4 25.8
Charlotte 5 24.0
Philadelphia 6 20.8
Raleigh 7 20.2
Cleveland 8 20.1
St. Louis 9 18.4
Dallas 10 15.1
Indianapolis 11 15.0
U.S. 12.6
Tampa 12 11.8
Pittsburgh 13 8.4
Austin 14 7.4Minneapolis 15 7.4
Boston 16 7.3
Denver 17 5.6
Richmond 18 62.0
Atlanta 19 55.4
Washington, DC 20 54.8
Source: U.S. Bureau of the Census
-
8/3/2019 State of the Region FINAL Print
21/60
2011 GBC State of the Region Report 15
Market, Income and Area
Greater Baltimore had the second highest per capitapersonal income growth rom 2007 to 2009 com-pared to the 20 benchmark metros, at 2.9 percent.D.C. experienced the ourth largest growth rate rom
2007 to 2009 at 1.3 percent. In addition, in terms omedian household income, the Balti-more region ranks third ($65,392) andthe D.C. region ranks frst ($85,168).Te Baltimore and Washington regionsrankings among the wealthiest nation-ally are tied to the strong presence othe ederal government and governmentcontractors within the area.
None o the 20 benchmark regionsexperienced growth in the total numbero new housing units authorized, pri-marily due to the eect o the economicrecession on demand in the construction industry.Home starts and sales continue to be down nation-ally, and Baltimore has not been immune to this
trend. While Baltimore improved its rank rom 18thto 11th since 2007, the total number o new homestarts declined by nearly 700 units. Tis is partiallydue to growth restrictions placed by many o the
suburban counties and the amount o land thatis available or development, inaddition to the aorementionedeect o the most recent economicrecession. With suburban land ordevelopment becoming scarcer,Baltimore Citys availability ordenser housing development andits available units continues toenhance its potential as a locationto support growth in the GreaterBaltimore region. Despite thedecreased retail sales rom 2007
to 2010, Greater Baltimore experienced a rise inGDP rom 2005 to 2009 ranking 10th among thebenchmark regions and 19th nationally.
With suburban land for de-
velopment becoming scarcer,
Baltimore Citys availability for
denser housing development
and its available units contin-
ues to enhance its potential as
a location to support growth in
the Greater Baltimore region.
Top 20 Metropolitan Areas in the U.S. by Median Household Income
2009
Region Rank Estimated Income
Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area 1 $85,168
San Jose-Sunnyvale-Santa Clara, CA Metro Area 2 $84,483
Bridgeport-Stamord-Norwalk, CT Metro Area 3 $79,063
San Francisco-Oakland-Fremont, CA Metro Area 4 $73,825
Anchorage, AK Metro Area 5 $72,712
Oxnard-Thousand Oaks-Ventura, CA Metro Area 6 $71,723
Trenton-Ewing, NJ Metro Area 7 $71,650
Fairbanks, AK Metro Area 8 $70,610
Boston-Cambridge-Quincy, MA-NH Metro Area 9 $69,334
Poughkeepsie-Newburgh-Middletown, NY Metro Area 10 $69,148
Napa, CA Metro Area 11 $68,541
Honolulu, HI Metro Area 12 $67,744
Vallejo-Fairfeld, CA Metro Area 13 $65,783
Hartord-West Hartord-East Hartord, CT Metro Area 14 $65,698
Baltimore-Towson, MD Metro Area 15 $65,392
Manchester-Nashua, NH Metro Area 16 $64,751
Norwich-New London, CT Metro Area 17 $64,148
Seattle-Tacoma-Bellevue, WA Metro Area 18 $64,028
Boulder, CO Metro Area 19 $63,431
Worcester, MA Metro Area 20 $63,360
Source: U.S. Bureau of the Census, American Community Survey 2009
-
8/3/2019 State of the Region FINAL Print
22/60
2011 GBC State of the Region Report16
Income and Housing Starts
Demographics and Market Characteristics
Per Capita Personal Income
2009
Region
Benchmark
Rank National Rank
Per Capita Personal
Income
Washington, DC 1 4 $56,442
Boston 2 6 $53,713
Seattle 3 15 $48,976
Baltimore 4 17 $47,962
Denver 5 24 $45,982
Minneapolis 6 25 $45,750
San Diego 7 27 $45,630
Philadelphia 8 28 $45,565
Pittsburgh 9 48 $42,216
Richmond 10 57 $41,242
All U.S. Metropolitan Areas $40,757
St. Louis 11 61 $40,342
Dallas 12 72 $39,514
Cleveland 13 75 $39,348
Portland 14 89 $38,728
Indianapolis 15 93 $38,339
Raleigh 16 110 $37,849
Charlotte 17 119 $37,372
Tampa 18 131 $36,780
Atlanta 19 134 $36,482
Austin 20 155 $35,522
Source: U.S. Bureau of Economic Analysis
Per Capita Personal Income Percentage Change
2007-2009 vs. 2003-2005
Region
Rank in
2007-2009
% Change
2007-2009
Rank in
2003-2005
% Change
2003-2005
Pittsburgh 1 3.9% 4 5.3%
Baltimore 2 2.9% 2 6.3%
Philadelphia 3 1.3% 8 5.0%
Washington, DC 4 1.3% 3 5.7%
St. Louis 5 0.2% 20 3.2%
Cleveland 6 -0.1% 13 4.4%
San Diego 7 -0.6% 1 6.6%
Boston 8 -0.7% 6 5.1%
Indianapolis 9 -0.8% 16 4.2%
U.S. -1.2% 4.8%
Richmond 10 -1.4% 10 4.9%
Tampa 11 -1.5% 9 4.9%
Seattle 12 -1.7% 17 3.8%
Portland 13 -1.8% 14 4.3%
Minneapolis 14 -2.4% 15 4.2%
Denver 15 -3.2% 11 4.8%
Dallas 16 -4.2% 12 4.5%
Austin 17 -5.2% 7 5.0%
Raleigh 18 -5.5% 18 3.8%
Atlanta 19 -5.8% 19 3.4%
Charlotte 20 -6.8% 5 5.1%
Source: U.S. Bureau of Economic Analysis
Change in Housing Starts
2010 vs. 2007
Region Rank % Change
Total Units
Authorized
2010
Total Units
Authorized
2007
Baltimore 1 -11% 5,653 6,336
Pittsburgh 2 -27% 3,410 4,700
Indianapolis 3 -29% 5,904 8,280
Boston 4 -41% 6,448 10,982
Minneapolis 5 -42% 5,715 9,877
Washington, DC 6 -44% 12,955 22,970
St. Louis 7 -47% 5,452 10,349
Tampa 8 -47% 6,500 12,341
Philadelphia 9 -47% 7,116 13,529
Richmond 10 -50% 3,520 6,982
Cleveland 11 -52% 1,950 4,053
San Diego 12 -53% 3,494 7,458
Dallas 13 -54% 19,535 42,161
Seattle 14 -61% 9,981 25,460
Austin 15 -62% 7,548 19,944
Denver 16 -65% 5,012 14,234
Portland 17 -66% 4,485 13,105
Raleigh 18 -68% 5,229 16,249
Charlotte 19 -73% 5,593 20,479
Atlanta 20 -83% 7,627 44,686
Source: U.S. Bureau of the Census
Median Household Income
2009
Region Rank
Median Household
Income
Washington, DC 1 $85,168
Boston 2 $69,334
Baltimore 3 $65,392
Seattle 4 $64,028
Minneapolis 5 $63,114
San Diego 6 $60,231
Philadelphia 7 $60,065
Raleigh 8 $59,316
Denver 9 $59,007
Austin 10 $56,218
Richmond 11 $55,609
Portland 12 $55,521
Atlanta 13 $55,464
Dallas 14 $54,539
St. Louis 15 $51,691
Charlotte 16 $51,267
Indianapolis 17 $50,410
U.S. $50,221
Pittsburgh 18 $46,349
Cleveland 19 $45,395
Tampa 20 $44,061
Source: U.S. Bureau of the Census, American Community Survey 2009
-
8/3/2019 State of the Region FINAL Print
23/60
2011 GBC State of the Region Report 17
Land, Sales and GDP
Population Density
2010
Region Rank Population per Square Mile
Boston 1 1,298.2
Philadelphia 2 1,288.5
Tampa 3 1,089.8
Baltimore 4 1,038.9
Cleveland 5 1,036.3
Washington, DC 6 992.0
San Diego 7 737.0
Dallas 8 708.8
Atlanta 9 629.0
Seattle 10 583.6
Charlotte 11 567.4
Minneapolis 12 541.0
Raleigh 13 534.3
Indianapolis 14 454.6
Pittsburgh 15 446.3Austin 16 406.3
Portland 17 333.0
St. Louis 18 325.2
Denver 19 304.3
Richmond 20 220.3
Source: U.S. Bureau of the Census
Retail Sales
2010 Estimate
Region Rank Retail Sales (millions)
Philadelphia 1 $80,393
Washington, DC 2 $70,902
Dallas 3 $70,703
Atlanta 4 $66,000
Boston 5 $59,221
Seattle 6 $50,014
Minneapolis 7 $44,251
San Diego 8 $38,826
Tampa 9 $37,283
St. Louis 10 $36,656
Austin 11 $35,747
Baltimore 12 $34,355
Denver 13 $34,315
Pittsburgh 14 $28,875
Portland 15 $27,407Cleveland 16 $24,876
Charlotte 17 $23,554
Indianapolis 18 $21,647
Richmond 19 $16,018
Raleigh 20 $14,979
Source: Te Nielsen Company
Land Area
2000
Region Rank Square Miles
Dallas 1 8,989.6
St. Louis 2 8,649.3
Atlanta 3 8,376.5
Denver 4 8,357.4
Portland 5 6,684.1
Minneapolis 6 6,063.1
Seattle 7 5,894.0
Richmond 8 5,711.8
Washington, DC 9 5,627.1
Pittsburgh 10 5,279.6
Philadelphia 11 4,629.6
Austin 12 4,224.0
San Diego 13 4,199.9Indianapolis 14 3,863.4
Boston 15 3,506.8
Charlotte 16 3,098.3
Baltimore 17 2,609.1
Tampa 18 2,554.0
Raleigh 19 2,115.8
Cleveland 20 2,004.4
Source: U.S. Bureau of the Census
Gross Domestic Product
2009
Region Benchmark Rank National Rank GDP (millions)
Washington, DC 1 4 $407,463
Dallas 2 6 $356,615
Philadelphia 3 8 $335,112
Boston 4 9 $298,256
Atlanta 5 10 $264,700
Seattle 6 12 $228,797
Minneapolis 7 14 $189,801
San Diego 8 16 $171,471
Denver 9 17 $152,868
Baltimore 10 19 $138,420
St. Louis 11 20 $124,558
Portland 12 21 $117,006
Pittsburgh 13 22 $111,597 Tampa 14 23 $111,377
Charlotte 15 25 $110,427
Cleveland 16 27 $103,020
Indianapolis 17 29 $98,799
Austin 18 38 $78,426
Richmond 19 45 $61,447
Raleigh 20 50 $52,556
Source: U.S. Bureau of Economic Analysis
-
8/3/2019 State of the Region FINAL Print
24/60
-
8/3/2019 State of the Region FINAL Print
25/60
-
8/3/2019 State of the Region FINAL Print
26/60
2011 GBC State of the Region Report20
Employment Sectors
Economy
Manufacturing Employment as Percent of Total Non-Farm Employment
2010 vs. 2008
Region
Rank in
2010 2010
Rank in
2008 2008
Cleveland 1 11.7% 1 13.1%
Portland 2 11.1% 2 11.9%
Minneapolis 3 10.2% 3 11.0%
Seattle 4 10.2% 4 10.7%
U.S. 8.9% 9.8%
Dallas 5 8.7% 5 9.7%
St. Louis 6 8.2% 6 9.5%
Charlotte 7 8.2% 7 9.2%
Boston 8 8.0% 8 8.7%
Pittsburgh 9 7.8% 9 8.6%
San Diego 10 7.6% 10 7.9%
Philadelphia 11 6.9% 11 7.7%
Austin 12 6.2% 12 7.4%
Indianapolis 13 6.5% 13 7.2%
Atlanta 14 6.3% 14 6.9%
Richmond 15 5.5% 15 6.4%
Raleigh 16 5.5% 16 6.1%
Tampa 17 5.2% 17 5.9%
Denver 18 5.1% 18 5.6%
Baltimore 19 4.9% 19 5.3%
Washington, DC 20 1.8% 20 2.0%
Source: U.S. Bureau of Labor Statistics
Among the 20 benchmark regions, Greater Baltimoreranks 5th or education and health services with 18.7percent o employment in these combined sectors.
According to U.S. News and World Reports Best
Colleges, the Greater Baltimore area has severalschools which made the top o the list in dierentcategories. Some o the colleges and universitiesinclude Johns Hopkins University, Universityo Maryland, University o Maryland BaltimoreCounty, St. Marys College o Maryland, and theUnited States Naval Academy. Te Baltimore metroarea is also home to several high-ranking hospitalssuch as the top-ranked Johns Hopkins as well as theUniversity o Maryland.
Just shy o the national average o 5.9 percent,
Greater Baltimore ranks 14th among the 20 regionsin the fnancial services (5.7 percent). Charlotte(8.7 percent) and Dallas (8.0 percent) lead thebenchmark regions. Among the benchmark regions,Greater Baltimore ranked 16th or employment ininormation and technology sectors with 1.7 percent,slightly below the national average. Tese sectors
comprise publishing, internet, television, and otherinormation services. op markets or these sectorsinclude Seattle, Denver, and Atlanta. As o 2009,Baltimore ranks 10th or high-tech employment with
2,855 high tech workers per 100,000 persons. opmarkets include Washington, D.C. (5,350), Boston(4,790), and Seattle (4,262).
Ranking 13th among the 20 benchmark regions,the Baltimore metro area has 14.5 percent o totalemployment in its proessional and business servicessector, above the U.S. average o 12.9 percent.
Greater Baltimore ranks 16th out the 20benchmark regions in wholesale and retail tradeemployment as a percent o total nonarmemployment (14.4 percent).
Due primarily to its proximity to the Washington,D.C. area, the Greater Baltimore region ranks 5thamong the benchmark regions in total governmentemployment (18.2 percent). With more than oneo every fve jobs in the area being governmentjobs, Washington, D.C. is ranked 1st among thebenchmark regions.
Photographer:StephenSpartana/SpartanaLand
-
8/3/2019 State of the Region FINAL Print
27/60
2011 GBC State of the Region Report 21
Financial Services Employment as Percent of
Total Non-Farm Employment
2010 vs. 2008
Region
Rank in
2010 2010
Rank in
2008 2008
Charlotte 1 8.7% 1 8.7%
Dallas 2 8.0% 3 7.8%
Minneapolis 3 8.0% 4 7.8%
Tampa 4 7.8% 2 8.1%
Denver 5 7.6% 5 7.7%
Philadelphia 6 7.4% 6 7.7%
Boston 7 7.2% 7 7.5%
Richmond 8 7.0% 8 7.0%
Cleveland 9 6.4% 10 6.5%
Portland 10 6.4% 9 6.6%
Atlanta 11 6.2% 11 6.4%
St. Louis 12 6.1% 14 5.9%
Pittsburgh 13 6.1% 13 5.9%
U.S. 5.9% 6.0%
Baltimore 14 5.7% 12 6.0%
Austin 15 5.5% 15 5.8%
San Diego 16 5.5% 16 5.8%
Seattle 17 5.4% 17 5.8%
Raleigh 18 5.4% 18 5.3%
Washington, DC 19 4.9% 19 5.1%
Indianapolis 20 4.5% 20 4.6%
Source: U.S. Bureau of Labor Statistics
Wholesale and Retail Trade Employment as Percent of
Total Non-Farm Employment
2010 vs. 2008
Region
Rank in
2010 2010
Rank in
2008 2008
Atlanta 1 17.2% 1 17.5%
Charlotte 2 16.6% 2 16.6%
Tampa 3 16.4% 3 16.6%
Dallas 4 15.9% 4 16.3%
Portland 5 15.9% 6 16.1%
Austin 6 15.8% 5 16.2%
Raleigh 7 15.4% 7 15.6%
Pittsburgh 8 15.3% 8 15.5%
U.S. 15.3% 15.5%
Denver 9 15.3% 9 15.5%
St. Louis 10 15.3% 10 15.4%
Philadelphia 11 15.2% 11 15.4%
Richmond 12 15.1% 13 15.0%
Cleveland 13 15.0% 12 15.3%
Seattle 14 15.0% 14 15.0%
Minneapolis 15 14.6% 15 15.0%
Baltimore 16 14.4% 16 14.9%
Boston 17 14.0% 18 14.2%
San Diego 18 13.9% 17 14.4%
Washington, DC 19 10.7% 19 11.2%
Indianapolis 20 10.5% 20 10.8%
Source: U.S. Bureau of Labor Statistics
-
8/3/2019 State of the Region FINAL Print
28/60
2011 GBC State of the Region Report22
Economy
Educational and Health Services Employment as Percent of
Total Non-Farm Employment
2010 vs. 2008
Region
Rank in
2010 2010
Rank in
2008 2008
Pittsburgh 1 21.0% 1 20.0%
Philadelphia 2 20.7% 2 19.3%Boston 3 20.5% 3 19.1%
Cleveland 4 19.0% 5 17.0%
Baltimore 5 18.7% 4 17.4%
St. Louis 6 17.3% 6 15.6%
Tampa 7 15.9% 8 14.3%
Minneapolis 8 15.8% 7 14.5%
U.S. 15.1% 13.8%
Portland 9 14.4% 9 12.8%
Richmond 10 14.1% 10 12.8%
Seattle 11 12.7% 12 11.4%
Dallas 12 12.4% 14 11.0%
Raleigh 13 12.3% 11 11.5%
Atlanta 14 12.2% 15 10.9%
Washington, DC 15 12.1% 13 11.3%
San Diego 16 12.1% 17 10.6%
Denver 17 12.0% 16 10.7%
Austin 18 11.4% 18 10.4%
Charlotte 19 10.1% 19 9.2%
Indianapolis 20 10.0% 20 8.9%
Source: U.S. Bureau of Labor Statistics
Government Employment as Percent of Total
Non-Farm Employment
2010 vs. 2008
Region
Rank in
2010 2010
Rank in
2008 2008
Washington, DC 1 23.2% 1 22.0%
Austin 2 22.2% 2 20.9%Richmond 3 18.7% 3 17.7%
San Diego 4 18.5% 5 17.3%
Baltimore 5 18.2% 6 17.1%
Raleigh 6 18.1% 4 17.4%
U.S. 17.3% 16.5%
Seattle 7 16.0% 7 14.9%
Portland 8 15.3% 8 14.2%
Denver 9 14.9% 9 13.9%
Charlotte 10 14.4% 13 13.1%
Atlanta 11 14.4% 10 13.7%
Minneapolis 12 14.1% 11 13.6%
Cleveland 13 14.1% 12 13.5%
Tampa 14 13.9% 15 12.7%
Dallas 15 13.8% 14 12.9%
St. Louis 16 13.3% 16 12.5%
Philadelphia 17 13.0% 17 12.4%
Boston 18 12.6% 18 12.2%
Pittsburgh 19 11.4% 19 11.0%
Indianapolis 20 9.7% 20 9.5%
Source: U.S. Bureau of Labor Statistics
Professional and Business Services Employment as Percent of
Total Non-Farm Employment
2010 vs. 2008
Region
Rank in
2010 2010
Rank in
2008 2008
Washington, DC 1 23.0% 1 22.7%
Tampa 2 17.2% 5 16.8%
Raleigh 3 17.1% 4 17.0%
San Diego 4 17.0% 3 17.1%
Denver 5 17.0% 2 17.2%
Atlanta 6 16.8% 6 16.8%
Charlotte 7 16.2% 8 15.8%
Boston 8 16.2% 7 16.6%
Richmond 9 15.4% 9 15.8%
Philadelphia 10 15.1% 10 15.3%
Minneapolis 11 14.9% 12 14.8%Dallas 12 14.9% 11 15.1%
Baltimore 13 14.5% 13 14.7%
St. Louis 14 14.3% 14 14.5%
Austin 15 14.2% 15 14.3%
Pittsburgh 16 14.0% 16 13.9%
Seattle 17 13.5% 17 13.8%
Cleveland 18 13.1% 18 13.5%
Portland 19 13.1% 19 13.2%
U.S. 12.9% 13.0%
Indianapolis 20 9.5% 20 9.8%
Source: U.S. Bureau of Labor Statistics
-
8/3/2019 State of the Region FINAL Print
29/60
2011 GBC State of the Region Report 23
Information and Technology Employment as Percent of
Total Non-Farm Employment
2010 vs. 2008
Region
Rank in
2010 2010
Rank in
2008 2008
Seattle 1 5.4% 1 5.1%
Denver 2 3.7% 2 3.9%Atlanta 3 3.5% 3 3.4%
Raleigh 4 3.3% 4 3.3%
Boston 5 3.0% 6 3.0%
Dallas 6 2.7% 7 3.0%
Washington, DC 7 2.7% 5 3.0%
Charlotte 8 2.6% 9 2.6%
Austin 9 2.5% 8 2.7%
St. Louis 10 2.3% 14 2.3%
Portland 11 2.3% 12 2.4%
Minneapolis 12 2.3% 13 2.3%
Tampa 13 2.3% 10 2.5%
U.S. 2.1% 15 2.2%
San Diego 14 2.1% 11 2.4%
Philadelphia 15 1.9% 15 2.0%
Baltimore 16 1.7% 17 1.8%
Pittsburgh 17 1.6% 16 1.8%
Cleveland 18 1.6% 18 1.7%
Richmond 19 1.6% 19 1.6%
Indianapolis 20 1.2% 20 1.3%
Source: U.S. Bureau of Labor Statistics
High Tech Employment
2009
Region Rank
Employment per
100,000 PopulationWashington, DC 1 5,350
Boston 2 4,790
Seattle 3 4,262
Austin 4 3,838
San Diego 5 3,634
Denver 6 3,485
Raleigh 7 3,295
Minneapolis 8 3,015
Portland 9 2,933
Baltimore 10 2,855
Dallas 11 2,712
Atlanta 12 2,257
Philadelphia 13 2,249
Pittsburgh 14 2,045
Tampa 15 1,963
St. Louis 16 1,837
Richmond 17 1,683
Charlotte 18 1,669
Indianapolis 19 1,664
Cleveland 20 1,512
Source: Cybercities 2010
Annual Unemployment Rate
2010 vs. 2008
Region
Rank in
2010 2010
Rank in
2008 2008Washington, DC 1 6.2 1 3.8
Austin 2 7.1 3 4.4
Minneapolis 3 7.2 9 5.1
Richmond 4 7.7 2 4.2
Boston 4 7.7 5 4.8
Baltimore 6 7.9 4 4.7
Pittsburgh 7 8.0 9 5.1
Dallas 8 8.3 8 5.0
Raleigh 9 8.7 6 4.9
Denver 10 9.0 6 4.9
Philadelphia 10 9.0 13 5.3
Indianapolis 12 9.2 9 5.1
Cleveland 12 9.2 20 6.8
Seattle 14 9.3 9 5.1
U.S. 9.6 5.8
St. Louis 15 10.0 18 6.5
Atlanta 16 10.2 16 6.2
Portland 17 10.6 14 6.0
San Diego 17 10.6 14 6.0
Charlotte 19 11.6 17 6.3
Tampa 20 12.1 18 6.5
Source: U.S. Bureau of Labor Statistics
-
8/3/2019 State of the Region FINAL Print
30/60
2011 GBC State of the Region Report24
Economy
Employment Growth by SectorFrom 2008 to 2010, all o the 20 regions experiencedoverall job losses. Seven o the regions saw declines omore than 3 percent annually.
Te Greater Baltimore area experienced positive
job growth in two major sectors o the economy.Among the benchmark regions, Greater Baltimoreranks 12th in educational and health services employ-ment growth (2.0 percent) and 4th in governmentemployment growth (1.4 percent). Greater Baltimoreexperienced declining employment in our othermajor categories measured.
Due to the robust presence o the ederal govern-ment and numerous ederal laboratories, the Baltimoremetro area experienced a 1.3 percent growth in high-tech employment across all sectors between 2007 and2009. Greater Baltimore was one o eight jurisdictionsthat registered an increase in this category.
A signifcant percentage o frms in the GreaterBaltimore region are women- and minority-owned.Baltimore is 2nd among the comparison metros in thepercentage o women-owned frms (32.3 percent),3rd in the percentage o minority-owned frms (16.5percent). Ranked 6th out o the 20 regions, Baltimoresannual unemployment rate was 7.9 percent in 2010an increase o 3.2 percent since 2008.
Educational and Health Services Employment Change
2008-2010 vs. 2006-2008
Region
Rank in
2008-2010
2008-2010
Average
Rank in
2006-2008
2006-2008
Average
Dallas 1 4.1% 7 4.5%
Indianapolis 2 4.1% 13 3.4%
Austin 3 4.0% 5 4.7%
San Diego 4 3.6% 3 4.9%
Denver 5 3.4% 8 4.3%
Washington, DC 6 2.8% 14 3.3%
Richmond 7 2.7% 1 6.5%
St. Louis 8 2.6% 19 2.1%
Cleveland 9 2.5% 17 2.5%
Portland 10 2.4% 9 3.8%
Boston 11 2.2% 16 2.9%
Baltimore 12 2.0% 15 2.9%
U.S. 1.9% 2.8%
Atlanta 13 1.9% 10 3.8%
Seattle 14 1.9% 11 3.7%
Tampa 15 1.7% 12 3.6%
Philadelphia 16 1.6% 18 2.4%
Minneapolis 17 1.4% 6 4.6%
Pittsburgh 18 1.3% 20 1.6%
Charlotte 19 1.1% 4 4.8%
Raleigh 20 1.1% 2 5.1%
Source: U.S. Bureau of Labor Statistics
Total Non-Farm Employment Change
2008-2010 vs. 2006-2008
Region
Rank in
2008-2010
2008-2010
Average
Rank in
2006- 2008
2006-2008
Average
Austin 1 -0.6% 1 3.6%
Washington, DC 2 -0.6% 9 0.6%
Pittsburgh 3 -1.1% 10 0.5%
Boston 4 -1.4% 8 0.9%
Baltimore 5 -1.6% 13 0.3%
Indianapolis 6 -1.6% 14 0.3%
Dallas 7 -1.9% 5 2.1%
Philadelphia 8 -2.0% 15 0.2%
Richmond 9 -2.3% 12 0.4%
Raleigh 10 -2.3% 2 3.1%
St. Louis 11 -2.4% 16 0.2%
Denver 12 -2.5% 6 1.6%
U.S. -2.5% 0.3%
Minneapolis 13 -2.7% 17 -0.0%
San Diego 14 -3.0% 18 -0.1%
Cleveland 15 -3.2% 19 -0.8%
Portland 16 -3.3% 7 0.9%
Seattle 17 -3.5% 4 2.1%
Atlanta 18 -3.5% 11 0.5%
Charlotte 19 -3.5% 3 2.1%
Tampa 20 -3.6% 20 -1.7%
Source: U.S. Bureau of Labor Statistics
Manufacturing Employment Change
2008-2010 vs. 2006-2008
Region Rank in
2008-2010
2008-2010
Average
Rank in
2006-2008
2006-2008
Average
Boston 1 -5.0% 6 -1.6%
San Diego 2 -5.1% 2 -0.5%
Baltimore 3 -5.3% 15 -2.7%
Seattle 4 -5.4% 1 1.7%
Pittsburgh 5 -5.5% 3 -0.9%
Minneapolis 6 -6.2% 8 -1.7%
Denver 7 -6.3% 7 -1.6%
Dallas 8 -6.5% 9 -2.0%
Philadelphia 9 -6.6% 12 -2.5%
Portland 10 -6.7% 4 -1.3%
Indianapolis 11 -6.8% 13 -2.5%
Washington, DC 12 -6.9% 11 -2.1%
Raleigh 13 -7.0% 14 -2.6%
U.S. -7.0% -2.6%
Atlanta 14 -7.6% 16 -2.9%
Cleveland 15 -8.1% 17 -3.0%
Austin 16 -8.7% 5 -1.4%
Charlotte 17 -8.7% 10 -2.1%
St. Louis 18 -9.0% 18 -3.5%
Richmond 19 -9.3% 19 -3.8%
Tampa 20 -9.6% 20 -4.5%
Source: U.S. Bureau of Labor Statistics
-
8/3/2019 State of the Region FINAL Print
31/60
2011 GBC State of the Region Report 25
Information Employment Change
2008-2010 vs. 2006-2008
Region
Rank in
2008-2010
2008-2010
Average
Rank in
2006-2008
2006-2008
Average
Seattle 1 -0.7% 1 4.7%
Boston 2 -1.3% 9 0.8%
Raleigh 3 -1.5% 5 1.2%
St. Louis 4 -1.6% 6 1.2%
Charlotte 5 -2.0% 11 0.0%
Baltimore 6 -3.2% 2 2.3%
Atlanta 7 -3.2% 14 -1.1%
Minneapolis 8 -3.3% 10 0.2%
Austin 9 -3.8% 15 -1.8%
Denver 10 -4.1% 8 0.8%
Richmond 11 -4.3% 19 -4.0%
U.S. -4.6% -0.9%
Portland 12 -4.7% 4 1.3%
Philadelphia 13 -5.1% 7 1.1%
Indianapolis 14 -5.1% 3 1.9%
Dallas 15 -5.2% 13 -0.8%
Cleveland 16 -5.6% 18 -3.2%
Pittsburgh 17 -6.0% 20 -4.4%
Washington, DC 18 -6.8% 17 -3.0%
Tampa 19 -7.6% 16 -2.4%
San Diego 20 -9.9% 12 -0.5%
Source: U.S. Bureau of Labor Statistics
Financial Services Employment Change
2008-2010 vs. 2006-2008
Region
Rank in
2008-2010
2008-2010
Average
Rank in
2006-2008
2006-2008
Average
Pittsburgh 1 0.4% 5 -0.4%
St. Louis 2 -0.6% 4 0.4%
Dallas 3 -1.0% 3 0.8%
Raleigh 4 -1.5% 1 3.9%
Minneapolis 5 -1.8% 9 -1.0%
Indianapolis 6 -2.3% 13 -2.0%
Richmond 7 -2.4% 17 -2.5%
Washington, DC 8 -2.5% 15 -2.3%
Austin 9 -3.1% 2 2.1%
U.S. -3.2% -1.1%
Boston 10 -3.4% 6 -0.6%
Denver 11 -3.5% 11 -1.7%
Cleveland 12 -3.7% 19 -3.4%
Charlotte 13 -3.7% 8 -0.9%
Baltimore 14 -3.7% 16 -2.4%
Philadelphia 15 -3.8% 7 -0.9%
Portland 16 -4.4% 12 -2.0%
Atlanta 17 -4.9% 14 -2.1%
Tampa 18 -5.1% 18 -2.7%
San Diego 19 -5.4% 20 -5.1%
Seattle 20 -6.6% 10 -1.6%
Source: U.S. Bureau of Labor Statistics
Wholesale and Retail Trade Employment Change
2008-2010 vs. 2006-2008
Region
Rank in
2008-2010
2008-2010
Average
Rank in
2006-2008
2006-2008
Average
Austin 1 -1.7% 1 4.8%
Pittsburgh 2 -1.8% 14 -0.7%
Richmond 3 -2.1% 10 -0.2%
Boston 4 -2.3% 12 -0.5%
Washington, DC 5 -2.4% 15 -0.8%
Philadelphia 6 -2.6% 11 -0.5%
Raleigh 7 -2.8% 2 2.9%
Dallas 8 -2.9% 6 0.9%
Indianapolis 9 -2.9% 13 -0.6%
St. Louis 10 -2.9% 7 0.5%
Denver 11 -3.1% 5 1.1%
U.S. -3.2% -0.1%
Baltimore 12 -3.5% 16 -1.0%
Charlotte 13 -3.5% 3 2.3%
Seattle 14 -3.5% 4 1.3%
Portland 15 -3.8% 8 0.4%
Minneapolis 16 -3.8% 17 -1.2%
Cleveland 17 -4.0% 18 -1.3%
Atlanta 18 -4.2% 9 -0.1%
Tampa 19 -4.2% 19 -1.5%
San Diego 20 -4.7% 20 -1.7%
Source: U.S. Bureau of Labor Statistics
Professional and Business Services Employment Change
2008-2010 vs. 2006-2008
Region
Rank in
2008-2010
2008-2010
Average
Rank in
2006-2008
2006-2008
Average
Washington, DC 1 -0.0% 11 1.3%
Austin 2 -0.8% 1 5.7%
Pittsburgh 3 -1.0% 3 4.0%
Raleigh 4 -1.9% 10 1.8%
Charlotte 5 -2.3% 2 4.6%
Baltimore 6 -2.4% 13 1.1%
Minneapolis 7 -2.4% 18 0.5%
Boston 8 -2.6% 7 2.3%
Dallas 9 -2.7% 4 4.0%
Tampa 10 -2.7% 20 -3.1%
Philadelphia 11 -2.8% 12 1.1%
Denver 12 -2.9% 5 3.8%
U.S. 13 -3.0% 0.5%
St. Louis -3.0% 14 0.9%
Indianapolis 14 -3.2% 8 2.3%
San Diego 15 -3.2% 16 0.7%
Richmond 16 -3.3% 9 1.9%
Atlanta 17 -3.4% 15 0.8%
Portland 18 -3.6% 17 0.7%
Seattle 19 -4.4% 6 3.2%
Cleveland 20 -4.5% 19 -0.4%
Source: U.S. Bureau of Labor Statistics
-
8/3/2019 State of the Region FINAL Print
32/60
2011 GBC State of the Region Report26
Economy
Minority & Women Owned Firms
High Tech Employment Change
2009 vs. 2007
Region Rank 2007-2009 Average Change
Denver 1 6.2%
Seattle 2 5.8%
San Diego 3 2.8%
Boston 4 1.5%
Baltimore 5 1.3%
Charlotte 6 1.1%
Philadelphia 7 0.7%
Washington, DC 8 0.6%
Pittsburgh 9 -0.2%
Raleigh 10 -0.2%
Dallas 11 -1.1%
Indianapolis 12 -1.1%
Minneapolis 13 -2.1%
Cleveland 14 -2.4%
Atlanta 15 -3.5%
St. Louis 16 -3.7%Portland 17 -5.8%
Richmond 18 -6.6%
Tampa 19 -6.9%
Austin 20 -8.8%
Source: Cybercities 2010
Women Owned Firms
2007
Region Rank % of Firms
Washington, DC 1 33.1%
Baltimore 2 32.3%
Atlanta 3 31.8%
Portland 4 30.6%
Boston 5 30.2%
San Diego 6 29.9%
Denver 7 29.6%
Charlotte 8 29.2%
Seattle 9 29.1%
Tampa 10 28.9%
Richmond 11 28.8%
U.S. 28.8%Dallas 12 28.7%
Minneapolis 13 28.7%
Raleigh 14 28.6%
St. Louis 15 28.4%
Austin 16 28.4%
Philadelphia 17 27.9%
Indianapolis 18 27.5%
Cleveland 19 27.0%
Pittsburgh 20 26.7%
Source: Bureau of the Census, Survey of Business Owners
Black or African-American Owned Firms
2007
Region Rank % of Firms
Atlanta 1 23.1%
Washington, DC 2 18.0%
Baltimore 3 16.5%
Richmond 4 14.7%
Charlotte 5 12.0%
Raleigh 6 11.6%
Dallas 7 9.5%
Cleveland 8 8.9%
Philadelphia 9 8.7%
St. Louis 10 8.2%
U.S. 7.1%
Indianapolis 11 6.4% Tampa 12 6.1%
Boston 13 3.8%
Austin 14 3.7%
Minneapolis 15 3.6%
Pittsburgh 16 3.4%
San Diego 17 2.9%
Seattle 18 2.9%
Denver 19 2.5%
Portland 20 1.7%
Source: Bureau of the Census, Survey of Business Owners
Hispanic Owned Firms
2007
Region Rank % of Firms
San Diego 1 15.2%
Austin 2 13.3%
Tampa 3 12.3%
Dallas 4 11.7%
Washington, DC 5 8.4%
U.S. 8.3%
Denver 6 7.0%
Atlanta 7 4.5%
Charlotte 8 3.7%
Raleigh 9 3.7%
Boston 10 3.4%
Philadelphia 11 3.2%Portland 12 3.2%
Seattle 13 3.0%
Baltimore 14 2.4%
Richmond 15 2.1%
Indianapolis 16 1.6%
Cleveland 17 1.3%
St. Louis 18 1.3%
Minneapolis 19 1.2%
Pittsburgh 20 0.7%
Source: Bureau of the Census, Survey of Business Owners
Government Employment Change
2008-2010 vs. 2006-2008
Region
Rank in
2008-2010
2008-2010
Average
Rank in
2006-2008
2006-2008
Average
Austin 1 2.6% 4 3.3%
Washington, DC 2 2.1% 11 1.5%
Dallas 3 1.8% 7 2.6%
Baltimore 4 1.4% 13 1.1%
Charlotte 5 1.2% 1 5.1%
Denver 6 1.1% 8 2.2%
St. Louis 7 0.8% 16 0.2%
Tampa 8 0.7% 12 1.3%
Pittsburgh 9 0.6% 19 -0.2%
Richmond 10 0.5% 20 -1.0%
Portland 11 0.3% 6 2.9%
Boston 12 0.2% 14 1.1%
Seattle 13 0.2% 10 1.6%
San Diego 14 0.2% 9 1.7%
Philadelphia 15 0.1% 18 -0.2%
U.S. -0.1% 1.2%
Indianapolis 16 -0.5% 3 3.3%
Raleigh 17 -0.6% 2 3.9%
Minneapolis 18 -0.9% 17 0.1%
Cleveland 19 -1.2% 15 0.8%
Atlanta 20 -1.2% 5 2.9%
Source: U.S. Bureau of Labor Statistics
-
8/3/2019 State of the Region FINAL Print
33/60
2011 GBC State of the Region Report 27
Tourism and Conventions
Greater Baltimore experienced a decrease in leisureand hospitality employment by an average annualrate o 1.7 percent rom 2008 to 2010, rankingthe region 11th among the 20 benchmark regions.
Given the efects o the recession on the tourismindustry nationwide,it is worth noting thatthis decline resulted in achange o ranking rom13th to 11th relative to thebenchmark regions.
Despite leisure andhospitality employmentgrowth declining between2008 and 2010, thissector accounts or 8.8percent o total employ-ment within the Greater
Baltimore region, ranking it 15th. Te Baltimoremetro areas 32,329 hotel rooms ranks it 14thamong the benchmark regions. At 300,000 squareeet o exhibit space, Baltimores conventioncenter is ranked 16th when compared to the majormunicipal venue or benchmark regions, althoughsome have additional venues that can afect
convention site selection.
Given the effects
of the recession on
the tourism industry
nationwide, it is worth
noting that this decline
resulted in a change
of ranking from 13th
to 11th relative to thebenchmark regions.
Leisure and Hospitality Employment as Percent of
Total Non-Farm Employment
2010 vs. 2008
Region
Rank in
2010 2010
Rank in
2008 2008
San Diego 1 12.7% 1 12.6%
Austin 2 10.9% 2 10.5%St. Louis 3 10.7% 6 10.4%
Charlotte 4 10.7% 4 10.5%
Denver 5 10.7% 5 10.4%
Tampa 6 10.6% 3 10.5%
Raleigh 7 10.2% 9 9.6%
U.S. 10.0% 9.8%
Dallas 8 9.8% 10 9.5%
Atlanta 9 9.8% 7 9.6%
Portland 10 9.7% 8 9.6%
Pittsburgh 11 9.6% 11 9.4%
Seattle 12 9.4% 12 9.4%
Boston 13 9.2% 15 8.8%
Minneapolis 14 9.1% 13 9.1%
Baltimore 15 8.8% 14 8.9%
Cleveland 16 8.8% 17 8.6%
Washington, DC 17 8.8% 16 8.7%
Richmond 18 8.6% 18 8.4%
Philadelphia 19 8.3% 19 8.0%
Indianapolis 20 6.8% 20 6.8%
Source: U.S. Bureau of Labor Statistics
Leisure and Hospitality Employment Change
2008-2010 vs. 2006-2008
Region
Rank in
2008- 2010
2008-2010
Average
Rank in
2006-2008
2006-2008
Average
Austin 1 1.5% 3 4.8%
Raleigh 2 0.9% 1 6.0%
Boston 3 0.3% 9 2.0%
Philadelphia 4 -0.1% 14 1.0%
Pittsburgh 5 -0.2% 15 0.8%
Dallas 6 -0.3% 4 3.6%
Washington, DC 7 -0.4% 6 2.5%
St. Louis 8 -1.0% 18 -0.5%
Richmond 9 -1.2% 12 1.3%
Denver 10 -1.3% 10 2.0%
U.S. -1.5% 1.2%
Baltimore 11 -1.7% 13 1.1%
Indianapolis 12 -1.8% 17 0.4%
Cleveland 13 -2.3% 20 -1.8%
Charlotte 14 -2.6% 2 5.7%
Minneapolis 15 -2.6% 16 0.5%
Portland 16 -2.7% 5 2.8%
Atlanta 17 -2.8% 11 1.5%
San Diego 18 -2.9% 8 2.4%
Tampa 19 -3.0% 19 -1.4%
Seattle 20 -3.1% 7 2.5%
Source: U.S. Bureau of Labor Statistics
-
8/3/2019 State of the Region FINAL Print
34/60
2011 GBC State of the Region Report28
Economy
Total Hotel Rooms, Metropolitan Areas
2011*
Region Rank Hotel Rooms
Rank Among
Major Markets
Atlanta 2 93,907 7
Dallas 3 76,777 8
San Diego 4 57,850 12
Boston 5 50,086 16
Tampa 6 44,015 21
Philadelphia 7 43,316 24
Seattle 8 40,577 30
Denver 9 39,882 31
St. Louis 10 38,885 35
Minneapolis-St. Paul 11 38,208 37
Indianapolis 12 32,498 51
Charlotte 13 32,419 52
Baltimore 14 32,329 53
Austin 15 29,529 62
Portland 16 25,996 74
Raleigh 17 25,904 75
Pittsburgh 18 23,456 89
Richmond 19 22,610 93
Cleveland 20 21,457 98
*Data as o May, 2011
Source: Smith Travel Research, Inc.
Convention Center Size
2009
Region Rank Sq Ft Exhibit Space
Dallas 1 1,019,142
Atlanta 2 800,000
Washington, DC 3 703,000
San Diego 4 615,701
Denver 5 584,000
Minneapolis 6 559,000
Indianapolis 7 535,533
Boston 8 516,000
St. Louis 9 502,000
Philadelphia 10 440,000
Cleveland 11 409,000
Charlotte 12 375,000
Austin 13 374,255
Portland 14 315,000
Pittsburgh 15 313,000
Baltimore 16 300,000Seattle 17 268,700
Richmond 18 207,543
Tampa 19 200,000
Raleigh 20 150,000
Source: Red 7 Media
Note: Chart reects space in the major municipal venue or each region. Some regions haveadditional municipal venues or privately-owned venues that can afect convention site selection.
-
8/3/2019 State of the Region FINAL Print
35/60
2011 GBC State of the Region Report 29
Innovation and Productivity
Maryland was ranked 3rd nationally in the new econ-omy index due to the states concentration of highlyskilled workers. Te Baltimore region ranked 16th
among the benchmark
regions for value addedper manufacturing pro-duction worker basedon the 2007 EconomicCensus. Dallas, Phila-delphia, and Seattle rankas the top three marketsfor productivity. GreaterBaltimore ranked 10th inmanufacturing produc-tivity value added perworker among the 20benchmark regions.
Manufacturing: Total Value Added
2007
Region Rank Value Added by
Manufacture (billions)
Dallas 1 $53,241,729
Philadelphia 2 $47,023,017
Seattle 3 $36,280,895
Boston 4 $35,901,315
Minneapolis 5 $31,999,118
Portland 6 $31,290,780
St. Louis 7 $27,860,400
Atlanta 8 $25,511,888
Charlotte 9 $22,683,420
Indianapolis 10 $21,915,815
Cleveland 11 $21,150,367
Pittsburgh 12 $19,285,394
Austin 13 $16,816,791
San Diego 14 $16,407,838
Richmond 15 $14,313,198
Baltimore 16 $12,701,340
Denver 17 $12,308,017
Raleigh 18 $10,848,229
Washington, DC 19 $10,529,764
Tampa 20 $9,259,334
Source: Bureau of the Census, 2007 Economic CensusNew Economy Index
2010 vs. 2007
State
Benchmark
Rank in
2010
National
Rank in
2010
Benchmark
Rank in
2007
National
Rank in
2007
Massachusetts 1 1 1 1
Washington, DC 2 2 3 4
Maryland 3 3 2 3
California 4 7 4 5
Virginia 5 8 5 8
Colorado 6 9 6 9
Minnesota 7 13 7 11
Oregon 8 14 9 17
Texas 9 18 8 14
Georgia 10 19 10 18
Florida 11 21 12 23
Pennsylvania 12 22 11 21
North Carolina 13 24 13 26
Ohio 14 25 14 29
Missouri 15 33 16 35
Indiana 16 35 15 31
Source: Te 2010 State New Economy Index, Te Information echnology & InnovationFoundation
Manufacturing Productivity Value Added per Worker
2007
Region
Value Added
Per Production
Worker Rank
Value Added
Per Production
Worker
Value Added Per
Manufacturing
Worker Rank
Value Added Per
Manufacturing
Worker
Raleigh 1 $603,182 1 $394,610Austin 2 $563,490 2 $353,071
Richmond 3 $473,727 3 $336,654
Portland 4 $424,777 5 $282,538
Charlotte 5 $412,156 4 $300,363
Indianapolis 6 $370,726 6 $246,814
Seattle 7 $362,280 7 $218,987
Boston 8 $321,357 11 $183,300
Philadelphia 9 $320,253 9 $209,473
Baltimore 10 $296,656 13 $181,191
St. Louis 11 $296,141 8 $210,807
Pittsburgh 12 $285,055 10 $189,543
Dallas 13 $279,096 14 $174,672
Washington, DC 14 $276,423 15 $164,666
San Diego 15 $269,334 16 $160,597
Denver 16 $264,916 12 $181,947
Minneapolis 17 $258,769 17 $159,477
Atlanta 18 $222,909 18 $158,441
Tampa 19 $214,451 20 $140,410
Cleveland 20 $212,834 19 $149,826
Source: Bureau of the Census, 2007 Economic Census
Photograp
her:StephenSpartana/SpartanaLand
-
8/3/2019 State of the Region FINAL Print
36/60
2011 GBC State o the Region Report30
Economy
Commercial Real Estate
Greater Baltimore has the 21s