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    Preakness Generates Economic Impact

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    Anonymous Feglbx5
    The document contains several news briefs from May 24, 2012. One brief summarizes that Maryland lost 6,000 jobs in April after steady growth earlier in the year, with losses particularly in leisure/hospitality, retail, and construction. Another discusses a report finding that outdoor recreation activities in the Delmarva region generate nearly $4 billion annually and support tens of thousands of jobs. A third brief notes that Baltimore and Washington D.C. were ranked among the best cities for technology job growth according to a recent study.

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    Preakness Generates Economic Impact

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    Anonymous Feglbx5
    45 views2 pages
    The document contains several news briefs from May 24, 2012. One brief summarizes that Maryland lost 6,000 jobs in April after steady growth earlier in the year, with losses particularly in leisure/hospitality, retail, and construction. Another discusses a report finding that outdoor recreation activities in the Delmarva region generate nearly $4 billion annually and support tens of thousands of jobs. A third brief notes that Baltimore and Washington D.C. were ranked among the best cities for technology job growth according to a recent study.

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    The document contains several news briefs from May 24, 2012. One brief summarizes that Maryland lost 6,000 jobs in April after steady growth earlier in the year, with losses particularly in leisure/hospitality, retail, and construction. Another discusses a report finding that outdoor recreation activities in the Delmarva region generate nearly $4 billion annually and support tens of thousands of jobs. A third brief notes that Baltimore and Washington D.C. were ranked among the best cities for technology job growth according to a recent study.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    45 views2 pages

    Preakness Generates Economic Impact

    Uploaded by

    Anonymous Feglbx5
    The document contains several news briefs from May 24, 2012. One brief summarizes that Maryland lost 6,000 jobs in April after steady growth earlier in the year, with losses particularly in leisure/hospitality, retail, and construction. Another discusses a report finding that outdoor recreation activities in the Delmarva region generate nearly $4 billion annually and support tens of thousands of jobs. A third brief notes that Baltimore and Washington D.C. were ranked among the best cities for technology job growth according to a recent study.

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    Attribution Non-Commercial (BY-NC)
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    of 2

    M A Y 2 4, 2 0 1 2

    Job Growth Pauses in April


    Learn more.

    BWI 6th Best Airport in U.S.


    Learn more.

    $4B regional impact from outdoor activities


    Learn more.

    Preakness Generates Economic Impact


    Governor OMalley presented a replica of the Woodlawn Vase to owner J. Paul Reddam after Ill Have Another won the 137th Preakness Stakes on May 19. The second jewel of horse racings Triple Crown, the Preakness is one of the nations largest single-day, annual sporting events. Last years Preakness drew 107,398 spectators to Pimlico and generated approximately $30 million in economic impact over the week-long celebration. Horse owners, breeders, riders and spectators generate $512 million annually in operating and capital expenditures, according to the 2010 Maryland Equine Census.

    Maryland and National Job Growth Stall in April


    Marylands year-long job growth trend during which the state added 40,600 new jobs (see Figure 1) was interrupted by a net loss of 6,000 jobs in April (seasonally adjusted). Earlier this year, favorable weather boosted certain job categories, such as leisure/hospitality services, retail trade and construction. Those same jobs saw the biggest declines as April brought more normal weather. Leisure and hospitality service jobs, for example, fell by 3,900. Administrative and support services jobs declined by 2,100; and retail trade jobs declined by 1,300. Construction also lost 500 jobs (see Table 1). Read more...

    Outdoor Activities Bring $4B to Delmarva


    According to a new TRCP report, outdoor recreation activities in coastal areas of Delaware, Maryland and Virginia drive an economy valued at nearly $4 billion per year and support tens of thousands of jobs. The value of commercial fishing in the Chesapeake Bay alone is more than $300 million, with more than one-third of that in Maryland. Recreational boating contributed more than $1.3 billion in sales that supported over 11,000 jobs. Nature tourism is also big business, contributing $367 million to the Dorchester County economy and creating nearly 7,000 full-time jobs.

    Transit Oriented Development Influences on MD


    Increased interest in compact, walkable, urban environments with housing and employment concentrations is an emerging trend supporting TOD. This article by BBP LLC outlines opportunities and constraints related to TOD. For example medical facilities and biotech parks at both the University of Maryland in downtown Baltimore and the Johns Hopkins Bayview Complex in East Baltimore will be growth engines around the Red Line. MarylandsSustainable Communities program enables collaboration aimed at increasing transit oriented development and improving commercial and housing opportunities in existing rural, suburban and urban communities around Maryland.

    Angel Investor Market: The Recovery Continues


    Over 66,000 entrepreneurial ventures received angel funding in 2011 according to latest reports by the Center for Venture Research. Investments in 2011 were $22.5 billion, an increase of 12.1% over 2010. The Center says data indicates that angels have increased their investment activity and are committing more dollars. Investments contributed to the creation of 165,600 new jobs in the United States in 2011. Last year, the University of Maryland Dingman Centers network of angel investors and venture capitalists invested in eight regional companies, the most active year for the group since its start in 2004.

    Baltimore, D.C. both "Best Cities for Tech Jobs"


    Baltimore and Washington, D.C. metro areas scored highly in tech job growth, according to a recent study by Praxis Strategy Group and Forbes Magazine. This study measured traditional high-tech sectors and growth in STEM (Science, Technology, Engineering, and Mathematics)-related job categories. The Washington-ArlingtonAlexandria MSA was ranked second out of the 51 largest metro areas, with 20.6% growth in tech employment since 2001 and 20.8% growth in STEM jobs. The Baltimore-Towson metro area was ranked fifth with 38.8% growth in tech jobs and 17.2% growth in STEM.

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