CEO Guide to Site Selection

Maryland

NEW TECH IN THE OLD LINE STATE

Tech is thriving in Maryland. Between May 2021 and April 2022, the state’s tech workforce grew 8.42%, the highest rate of any state in the nation, according to a report by the Technology Councils of North America. High-tech companies continue to announce new expansions in Maryland. In May 2022, Greenland Technologies announced a manufacturing facility in Annapolis. The Port of Baltimore also continued to grow and is now the largest e-commerce port and one of the busiest ports in the country. In October 2022, Tradepoint Atlantic and Terminal Investment Limited announced a partnership to establish a 165-acre rail terminal at Coke Point.

“I’ve lived the challenges that so many Marylanders are facing. My administration is committed to building pathways for work, wages and wealth for all. We will leave no one behind.”
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

Partnership for Workforce Quality: Provides match- ing training grants and support services targeted to improve the competitive position of small and midsize manufacturing and technology companies.

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.

Small, Minority and Women-Owned Business Ac- count VLT (Video Lottery Terminal) Fund: Offers loans from the proceeds of video lottery terminals to assist small, minority and women-owned businesses across the state.

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, launched in August 2022, is a pilot program that provides funds to small and midsize manufacturers to modernize and stay competitive by investing in Industry 4.0 technologies, which focus on automation and digitization.

BIG DEALS

  • Hitachi Rail announced in March 2022 up to 460 new jobs at a $70 million railcar manufacturing facility in Washington County.
  • Miltenyi Biotec announced in March 2022 up to 130 new jobs in its expansion and location of its North American headquarters to Montgomery County.
  • Niagara Bottling announced in April 2022 a new manufacturing facility and 90 new jobs in Baltimore County.
  • Greenland Technologies announced in May 2022 a 50,000-square-foot manufacturing facility in Baltimore County.
  • Elite Comfort Solutions announced in June 2022 a new manufacturing facility and 225 new jobs in Havre de Grace in Harford County.

BIG COMPANIES

3 Fortune 500 headquarters in the state:

  • Lockheed Martin (Fortune 500 headquarters)
  • Marriott International (Fortune 500 headquarters)
  • Rowe Price (Fortune 500 headquarters)
  • Sinclair Broadcast Group
  • Under Armour
  • Ciena
  • Host Hotels & Resorts
  • McCormick
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.