Maybe Harford County won't be getting quite so many BRAC jobs
A story in Sunday's Baltimore Sun reports that there's a new study out that says Harford County will likely get 3,500 fewer jobs than expected when the BRAC relocation process is completed. The 19,000 jobs for Harford predicted in the study by Sage Policy Group Inc., a Baltimore economic consulting firm, is still a big increase for the county. But the study says it expects the strong office market already available in Baltimore County will attract a lot of companies there. James C. Richardson, Harford County's economic development director, told the Sun Harford County had earlier expected 22,500 jobs. But no one really knows what's going to happen until the jobs start coming and we see how many end up spilling into Cecil County and even Pennsylvania and Delaware. Other findings the story cited from the study include:
• The public school population in the seven-county area will grow by nearly 11,000 students, with the largest increase -- 4,624 -- in Harford County.
• BRAC-related households will have average incomes of $109,000.
• About 86 percent of the people coming to the region will live in owner-occupied houses, and the average home price is estimated at $400,000.
• State gross tax receipts will be boosted by $113 million a year by 2017.
1 comment:
Heres the rub, even if the number of jobs arent as great the investment in infrastructure has to be done and paid for by the citizens of Maryland the same infrastructure bill spread across a lesser tax base means higher taxes.
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