Page 45 - Visit Baltimore - 2018 Meeting and Event Planner
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> Greater Baltimore is home to more than 260,000 biohealth professionals.
> Baltimore-Washington is third in the number of
biotechnology firms among U.S. metro areas.
Source: Economic Alliance of Greater Baltimore, Maryland Governor’s Workforce Investment Board
Higher Education
Nearly 40 percent of Maryland residents
have a bachelor’s degree or higher academic honor. At the same time, more than 54,000 people are employed
in the Baltimore region’s educational services sector — among the highest rates of any major U.S. metro area. A highly accomplished workforce and superior educational infrastructure, along with a burgeoning edtech sector, combine to make Greater Baltimore a significant education hub.
> Eight Greater Baltimore colleges rank among the best in the U.S. in their respective categories.
> The U.S. Naval Academy is No. 1 on Forbes’ list of the Top 25 Public Colleges.
> Maryland is home to nearly 60 accredited two-year and
four-year colleges and universities.
Source: U.S. News & World Report, Forbes, Economic Alliance of Greater Baltimore, U.S. Census Bureau
Baltimore’s proximity to Washington, D.C. — and its comparatively lower cost of living and doing business — makes the region extremely attractive to government
employers. In fact, Baltimore is second only to the nation’s capital in the concentration of federal civilian employees. Several major government agencies also are located here, including the National Security Agency, U.S. Cyber Command, Social Security Administration and Centers for Medicare & Medicaid Services. Maryland’s capital, Annapolis, is located in Greater Baltimore, and as a result, state agencies add approximately 40,000 jobs to the region’s pool.
> Local, state and federal government accounts for 16 percent of the jobs in Greater Baltimore.
> Baltimore City alone is home to some 70,000 government employees.
> More than 60 federal agencies and research labs are within
30 miles of Baltimore.
Source: Economic Alliance of Greater Baltimore, Maryland Department of Budget and Management, U.S. Bureau of Labor Statistics, Maryland Department of Commerce
Maryland State House
University of Maryland
Maryland Institute College of Art
Information Technology
High-tech entrepreneurs in Greater Baltimore can
rely on a robust support network, including ample funding opportunities and innovative incubators such as Betamore, bwtech@UMBC and Emerging Technology Centers. Also notable: Baltimore-Washington has the highest concentration of IT workers among all metro areas — beating out even the San Francisco area. The large percentage of IT employment is due
in part to premier programs at many Maryland and Greater Baltimore colleges and universities.
> Johns Hopkins University ranks No. 1 in the country for math and computer science R&D expenditure ($128 million).
> Forbes has named Baltimore the No. 5 best city for tech jobs.
> Nearly 300,000 people are employed in IT jobs in the Baltimore-Washington area.
Source: Economic Alliance of Greater Baltimore
Defense Contracting
More than 60 percent of federal contract dollars in
Greater Baltimore stem from defense spending. With the Trump administration making defense spending a priority, the region’s defense contracting sector is likely to see major growth. Between 2017 and 2021, the Economic Alliance of Greater Baltimore projects an increase of some $93 billion in discretionary defense spending. Greater Baltimore is ideally positioned for this growth, with major contractors including Northrop Grumman and Lockheed Martin located in the area.
> In the federal fiscal year 2016, Greater Baltimore received more contract obligations than 39 states.
> Maryland is fourth in the nation in total government spending ($29 billion).
Source: Economic Alliance of Greater Baltimore

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