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Economic Development Report Talbot County, Maryland

Economic Development Report Talbot County, Maryland.

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Economic Development Report Talbot County, Maryland

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  1. Economic Development ReportTalbot County, Maryland Data Base Resources used for this report: 2005 US Census Tract Updates, Maryland Departments of Labor, Economic Development, and Assessment and Taxation, Talbot County Departments of Planning and Zoning, GIS, and Finance. Compiled September 2007 by the Talbot County Department of Economic Development Talbot County Economic Development www.talbotcountymd.gov Director, Paige R. Bethke 410-770-8058

  2. Location Population Demographics Workforce Housing Tourism Agriculture Commercial Industrial Business Retention Business Attraction Talbot County, Maryland

  3. Talbot County: Hub of the Environmental Peninsula Talbot County fronts the Chesapeake Bay and is located midway down the Delmarva Peninsula, a 6,057 square mile area just east of metropolitan Washington DC, referred to locally as Maryland’s Eastern Shore or, as we refer to it: The Environmental Peninsula. Talbot County is 279 square miles which includes four major river systems and over 600 miles of waterfront shoreline. Its land and adjacent waters support forests, agriculture and seafood processing activities which have historically formed the County's economic base. Development of Talbot County began in the mid 1600s with the arrival of merchants and explorers from England who established the Port of Oxford as the first Capital in America. Talbot County remains predominantly rural in character, with approximately 60% of the total County population clustered around the Town of Easton. The Town of Easton was established to serve as the County seat in the mid 1860’s. The 2006 estimated population of Easton is 14,666 which now serves as a regional hub for financial, commercial and medical services to the Mid-Shore area. Talbot County’s population of 36,062 has steadily increased at 1.4% per year for the last 25 years. The County economy has remained healthy, attributed to revenues generated by real estate transfer and recordation taxes. The economy reflects a diversified industrial base of agriculture, manufacturing production, commercial trade, professional services and medical/healthcare supported by seven industrial parks and an employment base of 19,295 workers. The Shore Health System merged with the University of Maryland Medical Center in 2005 and is the largest employer in the County. The Easton Airport, a General Aviation Airport located at the north entrance to town, is the second busiest airport in Maryland.

  4. Talbot County is centrally located on the Delmarva Peninsula, a 6,057 square mile body of land surrounded on three sides by the Chesapeake Bay, the Delaware Bay, and the Atlantic Ocean. We refer to it as the Environmental Peninsula. Talbot County is bounded by the Choptank River and Dorchester County to the south, Caroline County to the east, Queen Anne’s County and the Wye River to the north, and the Chesapeake Bay to the west. Within close proximity to the Baltimore/Washington DC Metropolitan market, Talbot County is accessible to major Mid Atlantic cities and international airports and ports. U.S. Route 50 serves as a major North/South transportation corridor for the Delmarva Peninsula and bisects Talbot County N/S. US Route 301 is a major truck transport corridor linking Wilmington, DE. with points north and Washington D.C. with points south. Highway Distances from Easton: Baltimore, MD 59 miles Washington DC 73 miles Wilmington, DE 65 miles Newport News 207 miles New York, NY 195 miles

  5. TALBOT COUNTY ECONOMIC DEVELOPMENTExecutive Overview 2007 2006 2000 County Population 37,000 36,062 33,812 Civilian Labor Base 20,046 19,128 16,880 Total Employment 19,749 19,295 Net Job Gains 450 860 Unemployment Rate 3.8% 3.6% County Based Employers 1,735 1,700 Talbot Maryland United States Earned Income Less than $25,000 26.6% 20.3 % 27.6% $25,000 to $49,900 33.5% 31.3% 34.2% $50,000 to $74,99919.7 % 23.3 % 20.3% $75,000 and over 20.2% 25.1% 17.9% Talbot MD US Average Household Income $62,879 $61,807 $52,506 Median Household Income $42,126 $48,803 $40,529 Per Capita $26,880 $23,340 $19,779 Education Rate Graduate rate for high school seniors 84.4% Enter the workforce upon graduation 17.2% Go on to Higher Education 77.4% 4 year Bachelors degree or higher education 27.8% of total population

  6. Regional Population Growth

  7. Distribution of Age and Race

  8. Talbot County Per Capita Income Representation of the distribution of population be average wealth in Talbot County. The least populated areas of Talbot County are also the poorest: extreme east area and the western area contain one fifth of the total population with average income below $20,000. The majority of the land is used for agriculture. The central area of the County contains the majority of the population with 22,155 people who have an average income from $26,450 to $32,500.

  9. Wages By Employment Sector for Talbot County (2006)

  10. Employment By Industry Sector 1,735 Private Non-Farm Reporting Units (Businesses) in Talbot County. The majority of the businesses employ 49 workers or less. The 20 largest employers include health care services, manufacturing, professional services and national retail/consumer goods operations. Existing Manufacturing Base includes: Printed Materials (Cadmus Journal Services); Pharmaceuticals (Konsyl); Pharmaceutical Packaging (Celeste Industries); Environmental Sciences (Wildlife International, Environmental Concerns); Instruments (Jasco); Technologies (L3/BAI, SpecTIR, Axis GeoSpatial,); Food Processing (Allen Family Foods and Seawatch.); Metal Fabricators (Whalen, Salisbury Pewter and SFA); Wood Products (Johnson Logging)

  11. Access To Regional Knowledge-Based Resources Cooperative Oxford NOAA Lab – National Center for Coastal Oceanic Science, Center for Coastal Environmental Health and Bimolecular Research – Collocated with the Maryland Department of Natural Resources and the US Coast Guard Station Chesapeake College and Higher Education Center AA Degree Program Salisbury University, Salisbury 3,500 students BA/BS MS Degree Programs University of Maryland Eastern Shore 1,700 students BA/BS Degree Programs Washington College 800 students BA Degree Programs UMMS/SHS Medical Facilities: serves the Upper Shore with the Memorial Hospital at Easton and major medical facilities. Employs 1,700 workers with $161 Million in Net Operating Revenues (FY 06). Horn Point Center for Environment Studies: University of Maryland Research Facility with newly expanded Lecture and Conference Facility, operates an internationally recognized Oyster Incubator and Seed Program for Chesapeake Bay CBRTCE Chesapeake Bay Regional Technical Center for Excellence: Promotes technology based business development for the Eastern Shore Region. Federal and State Laboratory technology transfer resources and Higher Education Institution partnerships to promote technology development. Wye Institute and Research and Education Center: University of MarylandAgriculture Research Center; U MD Black Angus Cattle Genetic Research Center; Eastern Shore Land Conservancy Program Wallops/NASA Space Flight Center

  12. Town and County Infrastructure Easton Utilities Commission The Town of Easton, Easton Utilities Commission operates as an enterprise and provides electricity, water, wastewater treatment, natural gas, cable television, internet and advertising services for the Town of Easton. Most recently, the Town invested $36 Million to provide for the expansion to the existing wastewater sewer treatment facility expected to support development requirements in Easton through 2030. Delmarva Power ( PEPCO) and Choptank Electric Cooperative provide electric service to Talbot County Municipal Water/Wastewater Sewage Systems The Towns of, Oxford, St. Michaels, Trappe and Tilghman have County owned and operated wastewater treatment systems. The County continues to invest in new technologies and programs to reduce nitrogen levels of septic systems and to encourage current homeowners to maintain septic systems in good operating order. Natural Gas Talbot County is served by Eastern Shore Natural Gas Company/Chesapeake Utilities. A major expansion to the natural gas service is in progress to provide expanded capacity. The Mid-Shore Regional Council has teamed with the Lower Shore Tri County Council and the Upper Shore Regional Council and the Southern Maryland Cooperative to form a Broadband Cooperative which will connect the Patuxent River Naval Air Command (located in Lexington Park, Maryland) and the NASA Wallops Space Flight Center (located in Chincoteague, Virginia) and provide the backhaul for high speed fiber service to much of the Eastern Shore, including rural areas of Talbot County.

  13. Single Family Improved Residential ParcelsTalbot County reports 30,273 acres of residential land use out of a total 171,000 total acres (November 2006). Maryland Department of Planning demonstrates that over a 13 year period, Talbot County contained growth within PFA’s

  14. Mid-Shore Homebuyers Talbot County has enforced restrictions on residential development in the rural and environmentally sensitive areas of the County Most of the housing demand to the Priority Funding Areas (PFA’s) or Towns. This has resulted in an inflation of land prices throughout the County. Given the amount of waterfront land The attraction to waterfront properties and small villages on the west side of Route 50 cater to the affluent while the east side of Route 50 offers affordable housing product with all the amenities that the Town of Easton and other small towns offer. Relatively low tax rates and public investments in infrastructure supports a desirable place to live. Talbot County Housing Status 2006 Talbot County Housing 17,100 SFR Units 2000 Occupied Households 14,307 SFR Units Vacant 2,193 SFR Units Owner Occupied 10,244 SFR Units Renter Occupied 4,063 SFR Unit Seasonal 1,104 SFR Units Migrant 7 SFR Units

  15. Easton Downtown Development Historic Easton has contracted AKRF and Street Works to provide a Downtown Revitalization Plan. Much of that infill is expected to be occupied with young people entering the job markets, two income relocating families and early retirees. Several mixed use projects are in the planning stages for Downtown Easton. The Stewart Building will offer mixed use office retail and Harrison’s Flower Shop will become retail and market. Historic Tidewater Inn, located in downtown Easton recently experienced a $10 Million investment in restoration and renovation The Avalon Foundation promotes live venues at the historic Avalon Theater. The St. Michael's Maritime Museum hosts traditional maritime related events. Events bring thousands of visitors to the area every year. Waterfowl Festival November Academy of Arts Plein Air July Easton Population Growth 2000 Census 11,708 1/1/06 Easton Population 14,666 1/1/07 Easton Population 14,863 Growth Rate 1.34% per year

  16. Talbot County Land Use. Talbot County records a total 171,000 acres for use in the 279 square miles of its jurisdiction. Agriculture land use 102,358 Acres Operating Farms 280 Average Farm 367 acres Total Ag Parcels 2,150 Talbot County Agriculture Production Contributed $55,611,000 to the County economy (2005)

  17. Talbot County Agriculture Vision Talbot County Agriculture Visioning Plan: A draft plan has been compiled by the Talbot County community that addresses the sustainable requirements of Talbot County’s agriculture base including large grain farms, poultry and mid size farm operations, small niche farms and resources based agriculture. Sustaining a working landscape of grain and specialty crop farming that continues to define our quality of life and serves as an asset … Expand marketing efforts with regional brands that identify our agriculture products with quality, freshness, health and food safety Diversify grain agriculture with alternative crops for bio-fuel and energy production Provide community support, economic assistance Enhance environmental quality by expanding cost share programs

  18. Industrial and Commercial Land Use Total Acreage in Commercial Use 3,185 acres Total Commercial Parcels 1,332 parcels Total Acreage in Industrial Use 485 acres Total Industrial Parcels 68 parcels 6 Industrial Parks in Town of Easton 1 Commercial /Industrial Park in Talbot County Easton Technology Center Phase I complete Phase II/III 65 acres available 1.46 to 2.65 acre sites @ $141,500 per acre Clifton Industrial Park is the most recent annexation into the Town of Easton.

  19. Commercial Development Project Total sq ft Completion Easton Commons Panera Bread 20,000 sq. ft. June 08 Country Inn and Suites 60,000 sq. ft. October 08 Gillis Gilkerson Projects MU Office/Res Dover St 7,600 sq. ft. October 07 Medical Office Space 22,000 sq. Ft. June 08 Talbot Commerce Park Building Supply 16,000 sq. ft. February 08 Soil Conservation Building 20,000 sq ft June 08 Orthopedic Center 5,000 sq. ft. December 07 Expansion SHS/UMMS Emergency Pavilion 20,000 sq. ft. New $30 Million Project 20,000 sq. ft. Reuse January 08 New Lowes 168,000 sq. ft. December 08 Belk’s Department 70,000 sq. ft. Reuse December 08 Waterside Village 330,000 sq. ft. Target 130,000 sq. ft. March 08 2 MU Office/Retail 50,000 sq. ft. March 08 Chili’s, Pet Smart Chevy Chase Bank, National Shoe Brands

  20. Cadmus Journal Services, publisher medical and scientific journals merged with Cenveo (Mar 07) 3rd largest graphics company in N A. Expansion of new web press and retention of 260 workers Konsyl Pharmaceutical Inc., manufacturer of prescription digestive system products owned by ICC Industries, Inc. has agreement with the 2nd largest drug store chain in China JASCO North America, NA Headquarters for Japanese parent, JASCO International, Assembly and distribution of spectrometers and analytical equipment Wildlife International, expands operations to accommodate European requirements for endocrine disruption testing. 15,000 sq. ft of lab space and 30 Biologists/PhD’s Retains base of 97 workers SFA, Defense Products Division, an ISO 9001: 2000 certified manufacturer of rugged mobile support systems for US Government, Awarded an 8 year, $145 Million Department of Defense Contract with Aberdeen Proving Grounds Allen Family Foods, 3rd largest producer of poultry products in the nation retains 550 job sat the Cordova facility UMMS/SHS, largest employer in Talbot County, has completed 40,000 sq ft Emergency Pavilion for Memorial Hospital at Easton. Considering a $200 Million Regional Medical Facility to be built in the next 10 years. Retention of Major Manufacturers and Employers

  21. Easton Airport Second busiest airport in the State of Maryland (behind Thurgood Marshal/BWI) with an average of 438 operations per day. Revenues of $52 Million (FY 2006). Easton Airport supports 13 businesses with an employment base of 150 employees. $12 Million in infrastructure improvements and upgrades made available from FAA/MTA and Talbot County. The projects construction of an Air Traffic Control Tower completed October 2007. Several dignitaries and government officials fly into Easton Airport weekly to spend time at residences in Talbot County. This mandates that the airport, the County and the Town maintain the highest levels of security in keeping with Homeland Security requirements and specifications.

  22. Conclusions Regarding the Talbot County Economy Talbot County serves as the Regional Hub for the Mid-Shore, an area five times its population located in a 25 mile radius from downtown Easton. Talbot County provides regional commercial, financial and medical servicestothe Mid-Shore area serving a population of approximately 160,000 which is expected to reach 170,000 by 2010. Through progressive zoning legislation and comprehensive planning, Talbot County has directed development to the Priority Funding Areas and retains the majority of its land use for agriculture, sustaining an environmental balance. Talbot County’s economy is supported by a diverse industry sector base which provides for near full employment currently 3.8% unemployment and a growth in technology jobs. Economic drivers include: a major General Aviation Airport, a Regional Hospital with medical services an industrial base attracting an in migration of workers 280 large grain farm operations Resources and opportunities exist to expand the industrial base of the County with investment in additional infrastructure and the support of workforce development programs.

  23. Environmental Technologies: Toxicology, Sensors, Modeling, Simulation, GIS applications Medical Services: Pharmaceuticals, secured Biotech, Pharmaceutical Packaging, Medical Devices Information Technologies: Data Analysis, Network Design, Software Applications, Logistics, Agriculture Production: Plant and Animal based products and technologies Aviation: General Aviation Services Bring your Science Projects to our Back Yard….Talbot County, Maryland . . . HUB of the Environmental Peninsula

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