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 industries in the state. Manufacturing continues to grow as well, with new groundbreakings and expansions being announced monthly over the past year. AstraZeneca
announced a $300 million facility and 150 new jobs in Rockville, EVAPCO is expanding its headquarters in Taneytown, and BlueHalo is embarking on an expansion that will create 200 jobs. In June 2024, the Maryland Department of Commerce received a $1 million federal grant to accelerate the development of smart manufacturing technologies

“Together, we will create pipelines to the jobs of the future, grow our economy and build new pathways to work, wages and wealth for all Marylanders—from the Western Mountains to the Eastern Shore.”
Wes Moore
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

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 2020 and 2023

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 $3,000 per new job to businesses that create a minimum of 60 full-time jobs. The credit increased
to $5,000 (minimum of 25 jobs) for businesses that locate 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 cybersecurity company.

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

EDCs

Maryland Department of Commerce
commerce.maryland.gov

Ann Arundel Economic Development Corporation
aaedc.org

Montgomery County Economic Development Corporation
thinkmoco.com

HIGHLIGHTED PROGRAM OR INITIATIVE

The Build Our Future Grant Pilot Program awarded 11 grants totaling $9 million in 2024. As part of the governor’s Innovation Economy Infrastructure Act of 2023, the program provides grants of up to $2 million to private companies, nonprofit entities, local governments and universities to help provide fresh ideas and innovative technologies.

BIG DEALS

  • EVAPCO announced in February 2024 an expansion of its headquarters and 275 new jobs in Taneytown.
  • AstraZeneca announced in February 2024 it is investing $300 million in a state-of-the-art facility and creating 150 jobs in Rockville.
  • Blink Charging announced in March 2024 it will establish its global headquarters in Prince George’s County.
  • BlueHalo announced in May 2024 it is expanding operations and creating 200 jobs in Montgomery, Anne Arundel and Howard counties.
  • Kingspan Roofing + Waterproofing announced in October 2024 it will establish a manufacturing facility and create 95 jobs in Cumberland.

BIG COMPANIES

Three Fortune 500 companies headquartered in the state:

  • Constellation Energy
  • Lockheed Martin
  • Marriott International
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.