Baltimore Attracts $5.6 Billion in Construction Activity

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Researched by Industrial Info Resources (Sugar Land, Texas)--The concrete walls of a 1 million-square-foot distribution warehouse that is being built by Amazon.com (NASDAQ:AMXN) (Seattle, Washington) are rising along the Broening Highway in Baltimore. Amazon is constructing a $200 million distribution center. The project is one of many in the area that have made Baltimore one of the top metropolitan areas in the Mid-Atlantic region for industrial project activity.

Currently, there are 44 active industrial projects totaling $5.6 billion in Baltimore City and Baltimore County in Maryland, according to Industrial Info's North American Industrial Project Database.

Click on the image at right to view a chart showing the breakdown of industrial project activity in Baltimore by industry.

The Industrial Manufacturing Industry accounts for 77% of the project activity in Baltimore, with 17 projects totaling $4.3 billion. There are a host of rail projects in the area; the Maryland Transit Administration alone has more than $3 billion worth of rail projects. Over the next three years, CSX Corporation (NYSE:CSX) will spend $186 million to upgrade and rehabilitate rail infrastructure, including a 1,400-mile, state-wide freight rail system consisting of three rail yards, an intermodal terminal, locomotive shop, coal pier, two TRANSFLO terminals and an automotive distribution center.

The Pharma-Biotech Industry has more than $1 billion worth of projects planned in Baltimore. Emergent Biosolutions Incorporated (NYSE:EBS) (Rockville, Maryland) is planning a $50 million expansion of its flu vaccine production and research & development facility in Baltimore. Construction could begin as early as this spring. Last year, Emergent was beneficiary to a federal research grant as part of a $220 million program of the Department of Health and Human Services to create three flu vaccine production facilities in the U.S.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.