BRAC impact on Howard County real estate

WHAT IS BRAC? Federal Base Realignment and Closure

 

  • It is a process that the Department of Defense (DOD) uses to reorganize its base structure or military towns so that they can more effectively support our forces.
  • In 1998 the pentagon determined that it had 20-25% more installation capacity than it needed or would need in the future. They figured they could save money and improve operational effectiveness by consolidating operations.
  • By Law: B.R.A.C. process started in 2005 and must be completed by September 2011

 

WHY IS FORT MEADE GROWTH IMPORTANT TO HOWARD COUNTY?

 

Surprisingly to many people, there is much more to Fort Meade growth than just BRAC. In fact, it is the planning assumption of the Howard County Task Force that growth at Fort Meade will include 22,000 new jobs on the installation during the next 5-7 years.



 Jobs will grow in four areas. They are:

  • BRAC: 5,695 New job positions
  • NSA: 4,000 New job positions
  • EUL: 10,000 New job positions
  • Additional D.O.D. growth: 2,000 New job positions

HOW WILL BRAC AFFECT US?

 

Residents and businesses of Howard County and the region will benefit from the positive economic impact of B.R.A.C. by providing this area with more jobs, stronger schools, a stronger housing market demand, better roads and much more.

The families of the three B.R.A.C. organizations and others who choose to relocate to Maryland will become a welcome addition into our many communities.

 

Source:  Howard County Maryland Government http://www.co.ho.md.us/HCG_ExecutiveBRAC.htm

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