Baltimore’s manufacturing sector has been hit hard by the downturn in manufacturing.
The sector has experienced declining sales, reduced demand, and has had trouble making money.
Here’s how to build a business in Baltimore.
– By James L. Mowbray, executive director of the Baltimore Business Alliance (BBA), a local business community group.
The industry is suffering a massive blow in the wake of the downturn.
It is losing $4 billion a year in revenue, according to the BBA.
The BBA is trying to help the industry recover from that blow by providing technical assistance, training, and mentorship.
But there are still plenty of hurdles to overcome.
The BBA’s website shows some of the hurdles.
It lists the industries most at risk of falling out of the manufacturing pie, but those industries have a relatively small number of employees.
In fact, the BBA’s website notes that “there are over 1,500 industries that employ more than 10,000 people.”
The BTA is hoping that one of the most overlooked industries that it is working with on a business loan is the retail trade.
The BBA and the BBB hope to find retail partners who can take advantage of the BTA’s technology.
“We want to bring these retailers into the fold as well as the industrial and service industries,” says BTA Executive Director John Fennell.
“In a small business, you want to be able to attract people to your business,” says Fennel.
“There is a stigma of being a small-business owner in some parts of the country, but you can build a big business from nothing.”
For example, the BAA has partnered with local manufacturers to bring on a team of experienced designers and designers to work with retailers.
It will also help to develop training for new retailers.
Fennell is optimistic about the recovery.
“The BAA is optimistic because we see an opportunity to do things that are really not possible in a recession.
We see this as a way to take the pressure off retailers,” he says.
“I think retailers are really starting to come back to their senses and to focus on making their products and making their business work again.”
Fennel hopes to see a positive return on investment for the BSA, which has invested $10 million in its local office since it opened in 2011.
He sees a potential return on the investment in the BZA, which is also working with other companies on an office expansion.
The BBB has invested in a new office space in South Baltimore.
That project is still in the works, but the BBS plans to build an office at the old National Cathedral.
Fennells hopes that the BTS will also open a new location to attract more customers.
“This is a business that’s growing and I think we’re going to have more business, more jobs, and a much bigger presence in the city,” he said.FENNEL IS RIGHT.
The city is finally starting to pick up.
Baltimore is finally beginning to see the recovery that it needs.
The recession is behind us.
And the city is ready to re-start.
“Baltimore is really starting its recovery, and it is showing signs of recovery,” says Mary Beth O’Toole, president of the city’s Economic Development Corp. “It is an economic engine of growth, and we need more jobs in this city.”
The city is already seeing a significant uptick in business activity.
The Baltimore Chamber of Commerce and Business Association is encouraging businesses to start hiring, and local government officials are encouraging people to start their own businesses.
The economy is picking up.
And Baltimore has found a way, as the BIA’s executive director said, to “take the pressure” off retailers and “get people back to work.”