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
Life Sciences Industry Continues To Thrive
Locations attract biotech, pharmaceutical, and medical device companies by meeting their need for educated workers and access to resources.
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.