Under Armour is going “downa Point”
Under Armour is the latest company with plans to set up shop on the property that once was home to Bethlehem Steel in Baltimore County. The company announced plans Tuesday that it says eventually will bring about one thousand jobs to Sparrows Point.
The company has in mind a 1.3 million square-foot warehouse and distribution center that will help it meet the demands of its growing e-commerce business.
Under Armour is the third big fish landed by Tradepoint Atlantic, which owns Sparrows Point, the other two being Fed Ex and Pasha Automotive.
Baltimore County Executive Kevin Kamenetz says those three deals combined mean two thousand jobs, and he adds another could be on the horizon.
"We think we’re very close to having a light assembly manufacturer project that hopefully will get signed," he said.
Kamenetz says the Under Armour deal has been in the works for about a year. In order to get it done, the state and Baltimore County have agreed to give Under Armour a package of loans and tax breaks.
Tradepoint Atlantic is cleaning up the 3,100 acre property at Sparrows Point, wiping it clean of the pollution from decades of steel making.
It plans to develop the property by touting its deep water port, rail lines and interstate access. Under Armour’s new distribution center should open at Sparrows Point in about two years.