Visit Baltimore Annual Report FY 2019-2020 2019 | Page 28

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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