Three companies are moving to Port Covington with the goal of making Charm City one of the top cyber-security hubs in the country.
Datatribe, Allegis Cyber, and Evergreen Advisors will all be moving their headquarters and operations to Port Covington. This is being looked at as a win not only for Baltimore, but for the entire state.
"Port Covington is a shining example of the potential and the positive growth that this city needs. Not only will this project play a pivotal role in helping to revitalize the city, but it also will also be an incredible economic generator for the State of Maryland," said Governor Larry Hogan in a conference on Thursday.
Cyber company executives say one of the largest concentrations of cyber-security engineering in the world is here in Maryland, with more than 12,000 IT companies in the state. Maryland was also recently named the most innovative state in America, one the multiple reasons the move makes sense.
City and state leaders are hoping the investment is just what Baltimore needs to help grow and revitalize the city.
"Because of the talent pool, because of our location, because of our unique spirit, Baltimore is a city on the rise. We know that we have challenges, but we know it's how we continue to work together to build our city and push it forward," said Baltimore Mayor Catherine Pugh.
"Port Covington has the potential to become the east coast destination for technology and cyber-security. It will be a collision point for innovation and con activity," added on Councilman Eric Costello.
Mike Janke, the Co-Founder of Datatribe, says 25 to 30 other companies are already committing and negotiating to follow their lead with the Port Covington move. He says groundbreaking is expected to start next year.