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August 14, 2022
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Fostering Growth in Downtown Baltimore

Economic Development

Downtown Baltimore is the largest economic engine in the city, generating more than $122 million in property taxes, 85% of hotel taxes, 75% of the parking taxes, and 16% of all income taxes collected by the City. To keep this engine humming, we provide research-driven initiatives that foster development and track Downtown’s economic progress.

"Baltimore is a great place to start a business. Downtown has vibrancy, life, and creative energy. We have found our people here."

Keyia Yalcin, Owner of Fishnet

Photo by Jon Bregel. Read Keyia’s full story at Baltimore Small Business Stories. 

Area of Focus

Economic Development Work

Our Economic Development team serves as a resource for businesses looking to move, grow or expand in Downtown. We also help connect businesses — both large and small — to funding and business development opportunities, track development projects in the one-mile radius of Downtown, and sponsor an evolving variety of additional projects and initiatives that positively benefit the economy in the Central Business District.

Area of Focus

Business Attraction and Retention

Our Economic Development team serves as a resource for businesses looking to move, grow or expand in Downtown. By actively monitoring legal issues impacting businesses and keeping on top of the latest tax incentives and historical preservation news and updates, we help businesses navigate growth in Baltimore.

Area of Focus

State Center Relocation

In spring of 2021, Governor Hogan announced an allocation of funds to relocate over 3,000 state workers to Baltimore’s Central Business District, in an effort to fill vacancies and boost Downtown Baltimore’s economy. Downtown Partnership's Economic Development team is helping to track these relocation efforts.

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Area of Focus

Small Business Grants

Downtown Partnership has a number of internal grant programs to help small businesses in Baltimore secure funding. We also track and help connect businesses to external funding sources.

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Area of Focus

Community Revitalization Grants

Downtown Partnership partners with different for-profit companies, to help secure funding for large-scale development projects through Maryland Department of Housing and Community Development's revitalization grant programs.

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Area of Focus

Tracking Downtown Development

Downtown Partnership’s comprehensive development map includes up-to-date information about current, upcoming, and historic development projects in a one-mile radius of Downtown Baltimore.

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Area of Focus

Advocating for Large-Format Signage in Downtown Baltimore

Downtown Partnership is sponsoring the North Harbor ASSC (Area of Special Sign Control) legislation and Planning Commission Boundary approval. The idea is to bring innovative, community-focused signage to Downtown Baltimore buildings, that will not only address lighting concerns in poorly lit corridors, but will also provide free advertising space for community organizations and artists, and direct funding to all of Baltimore's Arts & Entertainment Districts.

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The Latest

Development News

News

The Future of the CBD

How can we reimagine the future of Baltimore’s economic engine? The Central Business District (CBD) has suffered challenges, but we’re optimistic for its future.

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Planning Commission Approves Majority of Proposed Signs in North Harbor Sign Plan

Planning Commission approves majority of proposed signs in the North Harbor Sign Plan, 6 digital billboards coming to Downtown Baltimore.

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North Harbor ASSC

Downtown Partnership of Baltimore is sponsoring the North Harbor ASSC (Area of Special Sign Control) legislation and Planning Commission Boundary approval for the area north of the Inner Harbor, along Pratt Street North to Baltimore Street, from President Street to Howard Street.

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Sneak Peek of Lexington Market Development Progress

Shelonda Stokes and Downtown Partnership staff members got a sneak peek tour of the current state of development at the new Lexington Market.

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