Editor’s note: The following commentary aired on wbal.com on June 5, 2018.
A recently released report by the Greater Baltimore Committee and Baltimore Metropolitan Council provides a captivating snapshot of the Baltimore region today compared to 20 years ago.
The 2018 Greater Baltimore State of the Region Report found that the region is more ethnically diverse, better educated and wealthier than in 1998.
Here are just a few findings which compared the Baltimore region to 19 comparable regions across the country:
- Baltimore led its peers in Hispanic population growth and experienced the fourth-highest percentage gain in black population.
- More than 37 percent of the region’s population 25 and older had a college education in 2017, up from 25 percent in 1998.
- Median household income doubled to $76,788 – the third-highest growth rate.
The region’s economy has changed significantly too.
Today our region has a knowledge-based economy driven by technology, medicine, higher-education and service-based businesses, compared to 1998 when industry and manufacturing ruled. These changes better position our region to compete in the digital economy that dominates around the globe.
Despite all this good news, not all in our region have benefited. Over the next decade it is imperative that we enact policies and programs to ensure that all of the citizens of the Baltimore region are provided the education and workforce training needed to participate in the knowledge economy. By doing so, the Baltimore region will become an even more powerful economic engine for Maryland.
I’m Donald C. Fry, President and CEO of the Greater Baltimore Committee.