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  [...]

May 2 2012 by ChiefExecutive.net


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