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,” says 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,” says Kamenetz.