Baltimore Money Moves: Over $4 Billion in Business Activity as Region Sees Growth

Clean energy initiatives, AI, entrepreneurship programs, government budget allocations and more investments make up the recent economic highlights in this installation of our Money Moves column.

Private sector

The Greater Baltimore Committee (GBC) unveiled its inaugural Baltimore Region Investment Scorecard at a meeting earlier this month. The report card for Baltimore’s economic growth highlighted such figures as over $4 billion in business activity for 2023 and 347 deals totaling $4.2 billion. Those deals consisted of 140 development and 207 investment initiatives, according to the organization, and Baltimore City secured $2.6 billion of that investment.

The report also noted 86 life sciences transactions and 62 out-of-state investments, including five foreign projects.