FY 24 APPROVED BUDGET IN BRIEF

CAPITAL INVESTMENT NEW JOBS $73M 1.08M 449 Please note: the Economic Development Office is dedicating time and resources to accuracy of this data set. SQUARE FOOTAGE

Permitting Data

2022 Data Estimates

2019 - May 2023

COMMERCIAL

MANUFACTURED

Other

Other

New

New

0

100

200

300

0

10

20

30

40

50

2023

2022

2021

2020

2019

2023

2022

2021

2020

2019

MULTI-FAMILY

RESIDENTIAL

Other

Other

New

New

0

5

10

15

20

25

0

500

1000

1500

2000

2023

2022

2021

2020

2019

2023

2022

2021

2020

2019

Ongoing Growth

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RETAIL EXPENDITURES IN BILLIONS OF DOLLARS

2017

JOB GROWTH RATE

2018

Job Growth Rate

Average 0.97% Growth Rate Q1 2012 - Q3 2022

2019

2020

0

2021

0

0.5

1

1.5

2

2.5

3

Harford County households spent an average of $29,000 on retail goods in 2021, 23% above the national average.

Q1 20…

Q4 2012

Q3 2013

Q2 2014

Q1 2015

Q4 2015

Q3 2016

Q2 2017

Q1 2018

Q4 2018

Q3 2019

Q2 2020

Q1 2021

Q4 2021

Q3 2022

Source: U.S. BLS QCEW, 2012 - 2022

Source: U.S. Bureau of Economic Analysis, ESRI DevLabs

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