CEO Guide to Site Selection

Maryland

NEW OPPORTUNITIES IN THE OLD LINE STATE

Maryland’s arts, entertainment, and recreation industry is now one of the fastest growing in the state and increased 17% between March 2022 and March 2023, adding 6,500 jobs. Manufacturing continues to grow, with new groundbreakings and expansions being announced monthly over the past year. Hitachi Rail announced in October 2022 a $70 million manufacturing facility and 450 jobs. Greenland Technologies is opening a 54,000-square-foot manufacturing facility in Baltimore County, and Home Chef is constructing a new manufacturing and distribution facility that will create500 jobs in Baltimore.

“We made the largest investment in public education by any governor in our state's history and introduced $200 million in targeted tax relief for children in poverty with the Family Prosperity Act and veterans in retirement with the Keep our Heroes home act. We put forward a plan to make Maryland the first state to end child poverty, and we kept 10% in the rainy day fund. Let's put an end to the belief that we cannot invest in the future today, while also preparing for the uncertainty of tomorrow. It's Just. Not. True.”
Wes Moore
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Advantage Maryland (formerly the MarylandEconomic Development Assistance Authority Fund(MEDAAF): Key financing program that offers grants, loans, and investments to support economic development initiatives.

Job Creation Tax Credit: Offers an income tax credit of up to $3,000 per new job to businesses that create at least 60 full-time jobs. Credit increases to $5,000 for location in a revitalization area.

Biotech/Cybersecurity Investment Incentive Tax Credit: Offers an income tax credit to investors who invest in a qualified Maryland biotechnology or cybersecuritycompany.

ExportMD Program: Offers up to $5,000 in reimbursement for expenses associated with international marketing projects for small and mid-sized businesses.

EDCs

Maryland Economic Development Commission
commerce.maryland.gov

Economic Alliance of Greater Baltimore
greaterbaltimore.org

Ann Arundel Economic Development Corporation
aaedc.org

Montgomery County Economic Development Corporation
thinkmoco.com

HIGHLIGHTED PROGRAM OR INITIATIVE

The Maryland Manufacturing 4.0 grant program provides grants to small and mid-sized Maryland manufacturers to invest in Industry 4.0-related technologies, machinery and robotics, and digital business practices in order to remain competitive and drive growth. Reserves 20% of funds for small manufacturers with 3 to 50 employees. Grants cover 75% of project costs for small manufacturers and 50% of project costs for midsized manufacturers. Maximum grant is $500,000 for projects that clearly demonstrate a tie to Industry 4.0, and along-term strategy for Industry 4.0 adoption.

BIG DEALS

  • MilliporeSigma announced in November 2022 a $286 million investment to expand its biosafety testing capacity in Montgomery County.
  • M&M Carnot announced in November 2022 an expansion in Caroline County that will create 100 new jobs in the next two years.
  • Kite, a Gilead Company, announced in January 2023 a $30 million expansion and up to 500 new jobs at its global cell therapy supply chain operations in Frederick County.
  • Home Chef announced in March 2023 a $25 million manufacturing and distribution center in Baltimore City that will create 500 new full-time jobs.
  • Floor & Decore announced in June 2023 it will construct a $74 million distribution facility and create 165 new jobs in Baltimore County.
  • Vegetable and Butcher announced in July 2023 the relocation of its headquarters from Washington, DC to Upper Marlboro.

BIG COMPANIES

Six Fortune 500 companies headquartered in state,including:

  • Lockheed Martin
  • Constellation Energy
  • Marriott International
  • T. Rowe Price
  • McCormick
  • Under Armor
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.