More than half of the neighborhood’s households earned less than $25, 000 a year, according to a 2011 Baltimore Health Department report, and more than one in five adults were out of work — double the citywide average. One in five middle school students in the neighborhood missed more than 20 days of school, as did 45 percent of the neighborhood’s high schoolers.
To broaden that out a bit: Baltimore is the only one of America’s top 30 cities (in terms of population) to not have a Fortune 500 company. Given that the average Fortune 500 company employs nearly 160, 000 people — admittedly, not all at in the home city — that’s a pretty significant absence. And that doesn’t even count the ancillary economic impact (corporate taxes, local philanthropy, supporting businesses, etc.).
The next-largest city to not have a Fortune 500 company is Albuquerque (#32 in terms of population, compared to Baltimore at #26).