R PROGRESS
OPPORTUNITIES WITH AN EXPANDED CONVENTION CENTER
Estimated economic impacts generated from expanded BCC operations
BALTIMORE CITY
CURRENT
3 YR. HISTORICAL AVG.
ESTIMATED NEW
DOLLARS & JOBS
POTENTIAL
Economic Impact $529.6 million $145.8 – 204.3 million $675.4- 733.9million
Tax Revenue* $17.4 million $5 - 7 million $22.4 - 24.4 million
Jobs 4,500 1,300 – 1,800 5,800 - 6,300
Earnings $219.6 million $60.2 – 84.4 million $279.8 – 304 million
SURROUNDING COUNTIES
Economic Impact $135.7 million $36.7 – 51.5 million $172.4 – 187.2 million
Tax Revenue** $18.6 million $5 – 7 million $23.6 – 25.6 million
Jobs 1,500 300 - 500 1,800 – 2,000
Earnings $29 million $7.6 – 10.8 million $36.6 – 39.8 million
76%
of total jobs generated
from an expanded BCC will
occur at the City level.
80%
of total economic impacts
generated from an
expanded BCC will occur
at the City level.
88%
of annual earnings
generated from an
expanded BCC will occur
at the City level.
A potential
28.7 –
40.2%
increase in tax revenues
at the City level.
THE BCC’S RETURN-ON-INVESTMENT HAS NEVER BEEN STRONGER. THE TIME IS RIGHT.
Annual fiscal impacts generated by BCC operations
underscore the traditional 1/3 City vs. 2/3 State split
of operating deficit and bond subsidy. They also
show how the BCC has been a smart investment,
generating steady returns at the State and City levels.
4.6:1
STATE RETURN
4.1:1
CITY RETURN
Source: Baltimore Convention Center
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