Home » 2014 Best & Worst States » Maryland is the 41st Best State for Business 2013

Maryland is the 41st Best State for Business 2013

Previous State: Oregon Next State: Pennsylvania No. 41Maryland Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’10-’11: 0.9 % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.6 Unemployment Unemployment Rate Dec. 2012 %: 6.7 Comparison with Nat’l Rate (7.80%): -1.1 Domestic Migration Domestic Net Migration …

Previous State: Oregon Next State: Pennsylvania

No. 41Maryland

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 0.9
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.6

Unemployment

  • Unemployment Rate Dec. 2012 %: 6.7
  • Comparison with Nat’l Rate (7.80%): -1.1

Domestic Migration

  • Domestic Net Migration ’10-’11: -2,994
  • Rank: 34

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,250
  • State & Local Gov’t Employees per 10k Residents: 535.2

State-Local Tax Burden

  • Rate (%): 7.6
  • Compared to Nat’l Avg. (9.9%): -2.28
Key Companies
  • Lockheed Martin
  • Constellation Energy
  • Marriott
Development Trend Indicator: Negative
Passed major tax increases, now may boost minimum wage and sick leave.
CEO Comments
“VA, NC, MD, and TN all have strong business climates and excellent educational systems. They promote business. They want to and do help ongoing and new business.”

“California and Maryland have a ton to do to improve relations with business. They are driving businesses out of their states.”

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

Previous State: #40 Oregon Next State: #42 Pennsylvania

About JP Donlon

JP Donlon is the Editor-in-Chief of Chief Executive magazine.