We are proud to share the final report Baltimore Together: A Platform for Inclusive Prosperity. This report serves as Baltimore City’s Comprehensive Economic Development Strategy (CEDS) for the next five years. It is the culmination of a two-year process that gathered insights, feedback, and recommendations from over 300 diverse voices representing business, government, and community. However, this is much more than a report; this is a commitment to creating a better, more inclusive, and equitable Baltimore through economic growth!
Read the final report here
View the Baltimore Together Infographic here
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The Baltimore Together plan identifies critically important goals to strengthen Baltimore City’s economy and outlines strategies and tactics for reaching them. The Baltimore Together team hopes this document will serve as a call to action and roadmap over the next five years.
Baltimore City must forge a new way forward; if we fail to adopt the strategies identified in this report, we can expect the city to continue to decline. Business as usual is not an option.
The work ahead will require the contributions from many -- individuals, businesses, nonprofits, and government agencies. Working collaboratively, we can achieve the Baltimore Together vision and fulfill the enormous possibility that Baltimore City offers.
Baltimore will show the world how to create an urban economy that is based on diversity, inclusion, and resiliency and uplifts historically excluded Baltimoreans, while attracting investment, businesses, and people committed to contributing to an equitable economy.
We will build a strong and inclusive economy by recognizing our city’s history of racialized economic disinvestment and the damage systemic racism has done to our Black residents and the greater community.
We will ensure economic opportunity for people of color by building on Baltimore’s many assets to implement strategies and policies that invigorate underserved and BIPOC (Black, Indigenous, and People of Color) businesses in growth sectors and build generational wealth in Baltimore’s communities of color.
The Baltimore Together process compiled key data and findings about the city’s economic conditions, including these:
The Baltimore Together process articulated four key strategies to guide the city’s economic development work over the next five years.
An interim Baltimore Together report was issued in January 2021 that includes a summary of the work to date, preliminary findings, and recommendations. To read earlier reports, please click the links below:
Below are various links to data and resources from Baltimore Metropolitan Council (BMC), which have informed or were incorporated into the interim Baltimore Together report.
Monthly Employment by Industry and Jurisdiction opens a new tab
Based on the latest release of the QCEW, this gives us the most up-to-date look at federal employment data to track the pandemic's impact on the regional economy. It summarizes employment for industries at the 2-digit and 4-digit NAICS levels for the U.S., Maryland, Baltimore Region, and all counties in Maryland
Most Exposed Sectors
The most exposed sectors* are those that were/are either shut down or experienced reduced demand such as restaurants and bars, travel and transportation, entertainment, personal services, other sensitive retail, and sensitive manufacturing.
The dashboards below present economic data on the sectors that are most exposed to economic impacts from COVID-19. They compare the most exposed sectors to all other sectors in the economy for data points such as jobs, gross regional product, payrolled business locations, and median hourly wages.
For additional data, please visit the BMC Baltimore Regional Recovery Dashboard opens a new tab.
Baltimore Together is a public-private initiative led by the Baltimore Development Corporation to support the creation of a common vision of inclusive economic growth in our city. Through a thoughtful year-long process, a diverse group of stakeholders developed a comprehensive economic development strategy that builds on Baltimore’s strengths, acknowledges its challenges, and identifies a range of steps that will help create an inclusive and vibrant economy for all.