Baltimore, February 3, 2026
In a historic appointment, Otis Rolley has been announced as the new President and CEO of the Baltimore Development Corporation, effective June 23, 2025. As the first African-American leader of the agency, Rolley’s local roots and extensive experience in economic development are expected to drive initiatives that bolster Baltimore’s economy while promoting inclusivity and growth. His leadership comes at a pivotal time following the departure of former CEO William H. Cole.
Otis Rolley Takes the Helm of Baltimore Development Corporation
New Leadership Aiming to Propel Baltimore’s Economic Growth
Baltimore, MD – The Baltimore Development Corporation (BDC) recently unveiled its new leadership, announcing Otis Rolley as the President and CEO, effective June 23, 2025. This marks a transformative chapter for the city’s economic direction, as Rolley becomes the first African-American man to lead the agency, underscoring a commitment to diversity in leadership roles within Baltimore’s economic landscape.
Rolley, who hails from Baltimore, is no stranger to the city’s challenges and opportunities. His prior roles include Deputy Housing Commissioner, Director of Planning, and Chief of Staff to the Mayor. Additionally, his experience extends nationwide through significant positions with esteemed foundations such as the Wells Fargo Foundation and The Rockefeller Foundation. This combination of local insight and national expertise positions Rolley uniquely to address Baltimore’s pressing economic issues.
A Vision for Revitalization
In his upcoming role, Rolley is charged with leading initiatives that focus on revitalizing Baltimore’s economy, aiming to attract both domestic and international investments. This aligns with the BDC’s mission of fostering an inclusive economy that benefits residents across all neighborhoods. Stakeholders are optimistic that his deep local roots will enable him to effectively leverage his extensive network to stimulate transformative growth within the city.
Understanding the BDC
The Baltimore Development Corporation was established in 1993 as the primary economic development agency for the city, with an overarching mission to grow Baltimore’s economy inclusively. This includes retaining, expanding, and attracting businesses while also promoting investment opportunities, vibrant neighborhoods, and enhancing the quality of life for residents. The BDC has been a critical player in forming a business-friendly environment that encourages entrepreneurial spirit and innovation.
Transition of Leadership
Rolley’s appointment comes on the heels of former CEO William H. Cole’s departure in May 2025, who transitioned to Margrave Strategies. The BDC Board of Directors undertook a thorough search process to identify a leader equipped to navigate the challenges that lie ahead and capitalize on current opportunities for the organization. Rolley’s extensive background in public service and economic initiatives positions him well to succeed in this mission.
Anticipating a Future Focused on Inclusivity and Growth
As Rolley prepares for his new role, there is significant anticipation among local business owners and community stakeholders for renewed efforts to cultivate an economy rooted in inclusivity and sustainable development. This approach is expected to strengthen Baltimore’s competitiveness and elevate quality of life across neighborhoods, an outcome that benefits not just businesses, but all residents.
Conclusion
Otis Rolley’s appointment as President and CEO of the BDC represents an important milestone for Baltimore’s economic agenda. His leadership is expected to invigorate efforts toward creating an inclusive economic environment where all residents can thrive. As the city moves forward, engaging with local businesses and celebrating entrepreneurial successes will be crucial to fostering continued growth in Baltimore’s economic landscape.
Frequently Asked Questions (FAQ)
Who is Otis Rolley?
Otis Rolley is a Baltimore native with extensive experience in economic development, having served in various leadership roles both locally and nationally, including as the city’s first Deputy Housing Commissioner and Director of Planning.
What is the Baltimore Development Corporation (BDC)?
The BDC is the economic development agency for the City of Baltimore, focused on growing the city’s economy inclusively by supporting business retention, expansion, and attraction, as well as promoting investment and vibrant neighborhoods.
When will Otis Rolley begin his role as President and CEO of the BDC?
Otis Rolley is set to begin his role as President and CEO of the BDC on June 23, 2025.
Who did Otis Rolley succeed as President and CEO of the BDC?
Otis Rolley succeeded William H. Cole, who stepped down in May 2025 to join Margrave Strategies.
What is the mission of the Baltimore Development Corporation?
The mission of the BDC is to grow Baltimore’s economy inclusively by retaining, expanding, and attracting businesses, and promoting investment, dynamic neighborhoods, and a high quality of life.
Key Features of the Baltimore Development Corporation’s Leadership Change
| Feature | Details |
|---|---|
| New President and CEO | Otis Rolley, effective June 23, 2025 |
| Historic Appointment | First African-American man to lead the BDC |
| Predecessor | William H. Cole, who stepped down in May 2025 |
| BDC’s Mission | Grow Baltimore’s economy inclusively by supporting business retention, expansion, and attraction, and promoting investment and vibrant neighborhoods |
Deeper Dive: News & Info About This Topic
HERE Resources
Engineering Firm Expands to Baltimore, Boosting Local Economy
Black-Owned Businesses Expand Presence in Downtown Areas
Baltimore MD Launches $5 Million Apprenticeship Program
Coppin State University Strengthens Entrepreneurial Education
Sparkling Charms Dental Studio Launches Sensory-Friendly Program for Children
Pella Mid-Atlantic Expands Warehouse Operations in Beltsville
St. John Properties Expands to Florida with 93-Acre Development
Towson Hot Bagels Opens New Location in Bel Air, Maryland
How to Effectively Research Baltimore’s Real Estate Trends Before You Buy Your First Home
Port of Baltimore Achieves Record Cargo and Container Activity
Author: STAFF HERE BALTIMORE WRITER
The BALTIMORE STAFF WRITER represents the experienced team at HEREBaltimore.com, your go-to source for actionable local news and information in Baltimore, Baltimore County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Baltimore Book Festival, Preakness Stakes, and Artscape. Our coverage extends to key organizations like the Baltimore Chamber of Commerce and Visit Baltimore, plus leading businesses in shipping and healthcare that power the local economy such as the Port of Baltimore and Johns Hopkins Medicine. As part of the broader HERE network, we provide comprehensive, credible insights into Maryland's dynamic landscape.
