Maryland Department of Commerce
“Maryland has what you need — a highly skilled workforce, incredible assets, a culture of innovation, and a welcoming and diverse community. We’re not just a great place to do business — we’re a place to call home.”
– Kevin Anderson, Maryland Secretary of Commerce
TARGETED GROWTH SECTORS
Life Sciences: Maryland is home to two times more federal labs than any other state, renowned universities, a prepared scientific workforce, and initiatives designed to bolster innovation.
Cybersecurity & IT: Maryland has major military and federal assets (NSA, U.S. Cyber Command), as well as a density of skilled tech workers.
Cleantech & Renewable Energy: A growing hub for offshore wind, Maryland offers a well-prepared workforce, incentives, and a wealth of research and innovation.
TOP PROJECTS (CAPITAL INVESTMENT)
COMPANY | LOCATION | INVESTMENT |
MilliporeSigma | Montgomery County | $286 million |
Floor & Décor | Baltimore County | $74.3 million |
Kite | Frederick County | $30 million+ |
Home Chef | Baltimore City | $25.5 million |
Vegetable and Butcher | Upper Marlboro | $4 million |
FEATURED LOCATIONS
The Maryland Department of Transportation Port Administration stimulates the flow of waterborne commerce through the ports in the State of Maryland in a manner that provides economic benefit to the citizens of the state. Our vision is to: Capitalize on Port business opportunities; Promote competitive and secure state-of-the art terminals capable of efficiently handling diverse cargoes; and Leverage supportive public and private sectors.
FAST FACTS
Population (July 2022 est.): 6,164,660¹
Largest Cities (2020): Baltimore (583,132); Frederick (78,215); Gaithersburg (69,522); Rockville (67,357); Bowie (58,226)¹
Real GDP (2022): $3687 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
WORKFORCE DEVELOPMENT
The Maryland Manufacturing 4.0: The grant program provides grants to small and mid-sized Maryland manufacturers to invest in Industry 4.0-related technologies.
Advantage Maryland (formerly the Maryland Economic Development Assistance Authority Fund (MEDAAF): Maryland Commerce’s key financing program that funds grants, loans, and investments to support major economic development initiatives.
TOP BUSINESS FACILITIES RANKINGS
#1 Broadband Access | 2023 State Rankings |
#3 Life Sciences | 2023 State Rankings |
Top 5 Cybersecurity | 2023 State Rankings |
Top 5 Green Jobs | 2023 State Rankings |
Top 10 EV Charging Infrastructure | 2023 State Rankings |
Top 5 Tech Talent Leaders (Labor Pool 50K-125K): Baltimore | 2023 Metro Rankings |
Top 10 Life Sciences Growth: Baltimore | 2023 Metro Rankings |
LATEST NEWS
Blink Charging To Relocate Headquarters To Maryland
Blink Charging Co., a provider of EV charging equipment, will soon relocate its global headquarters to Prince George’s County, Maryland.
FAA Grants Nearly $1B For Building Better Airport Terminals
Under this funding from the Bipartisan Infrastructure Law, 114 airports across the U.S, spanning 44 states and three territories will improve service and performance.