Home » 2014 Best & Worst States » Maryland is the 40th Best State for Business 2012

Maryland is the 40th Best State for Business 2012

No. 40 Maryland Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’07-’10: 3.06 % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 3.39 Unemployment Unemployment Rate Dec. 2011 %: 6.70 Comparison with Nat’l Rate (8.50%): -1.80 Domestic Migration Domestic Net Migration ’00-’09: -95,775 Rank: 42 State …

No 40: Maryland

No. 40

Maryland

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 3.06
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 3.39

Unemployment

  • Unemployment Rate Dec. 2011 %: 6.70
  • Comparison with Nat’l Rate (8.50%): -1.80

Domestic Migration

  • Domestic Net Migration ’00-’09: -95,775
  • Rank: 42

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,250
  • State & Local Gov’t Employees per 10k Residents: 535.20

State-Local Tax Burden

  • Rate (%): 10.01
  • Compared to Nat’l Avg. (9.8%): 0.21
Key Companies
  • Lockheed Martin
  • Constellation Energy
  • Marriott
Development Trend Indicator: Negative
Income-tax increases on “middle class” nick and frustrate business owners.

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

About ChiefExecutiveNet

Chief Executive magazine provides global economy coverage, business and technology news, information on upcoming events, and executive life.