#43 Maryland


#45 in Taxation and Regulation

#45 in Workforce Quality

#41 in Living Environment

Right to Work?

Regional Profile – Northeast

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Connecticut
9
10
6
5
Delaware
11
11
3
2
Maine
3
5
5
9
Maryland
7
8
11
8
Massachusetts
8
9
1
6
New Hampshire
2
2
2
1
New Jersey
10
6
9
11
New York
11
11
8
10
Pennsylvania
4
3
4
4
Rhode Island
6
7
7
7
Vermont
5
4
10
3

Key Industries

Aerospace, Biotech, Construction, Education, Energy, Environmental Tech, Finance & Insurance, Healthcare, Hospitality & Tourism, I.T., Logistics, Manufacturing,Retail

Key Companies

Altria

CapitalOne

Constellation Energy

General Dynamics

Lockheed Martin

Marriott

T. Rowe Price

Advantages

The life sciences industry is the backbone of the state’s economy, and the governor is planning to do more to attract companies in that sector.

Light City Baltimore has been such a boon for the area’s tourism that the government plans to make it a permanent annual event.

Challenges

Due to a new law, Maryland companies now have to pay disabled workers by the hour rather than by their productivity level.

Key Contacts

Dept. of Business and Economic Development

R. Michael. Gill, Secretary
410-767-6301
World Trade Center
401 East Pratt Street
Baltimore, MD 21202 

Mike.Gill@maryland.gov
http://commerce.maryland.gov/

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No 37: Maryland

No. 37

Maryland

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 8,25%
  • Highest Personal Income Tax Rate: 6.25%
Workforce Quality
  • % with High School diploma or more: 88.0
  • % with Bachelor’s degree or more: 35.2
  • % with Advanced degree or more: 15.4
  • Patents per 100K: 27.69
  • % of Employed Represented by Unions: 12.9
Quality of Life
  • Hopsitals per 10K: 0.091
  • Elementary/Secondary Schools per 1000 people: 0.251
  • Violent Crimes per 100K: 668.71
Key Companies
  • Lockhead Martin
  • Constellation Energy
  • Marriott
Other Highlights
  • Maryland fell to #37 from #33 in 2010 — the state took #31 in 2009
  • Maryland ranks 14th in state debt per capita with $4133

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education