DOING BUSINESS IN MARYLAND
Maryland Department of Commerce
410-718-0084
Jayson.knott@Maryland.gov
Business.Maryland.Gov
“Maryland has it all — a thriving and competitive business community, incomparable federal military assets that help drive innovation, and a talented workforce driven by world-class research universities. Maryland is also a beautiful and fun place to live!”
– Kevin Anderson, Secretary, Maryland Department of Commerce
TARGETED GROWTH SECTORS
Life Sciences: Maryland offers two times more federal labs than any other state, renowned universities, an exceptional scientific workforce, and strong government support.
Cybersecurity & Quantum: Home to NSA, U.S. Cyber Command, and skilled and specialized tech workers, Maryland also leads in quantum development.
Aerospace & Aviation: Maryland’s assets in this sector include NASA Goddard, several military installations, and more than 9,000 private companies.
TOP PROJECTS (JOBS)
COMPANY | LOCATION | JOBS |
Conair LLC | Washington County | 700 |
EVAPCO, Inc. | Carroll County | 275 |
BlueHalo | Montgomery County | 200 |
AstraZeneca | Montgomery County | 150 |
Hellenic Cables Americas | Baltimore City | 120 |
FAST FACTS
Population (2024 est.): 6,196,520¹
Largest Cities (2024 est.): Baltimore (559,266); Columbia (107,764); Germantown (90,846); Frederick (88,270); Silver Spring (83,534)¹
Real GDP (2023): $422.8 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
WORKFORCE PROGRAMS
The Build Our Future Grant Program and Fund provides grants up to $2 million for innovation infrastructure projects intended to support eligible technology sectors, such as advanced manufacturing, aerospace, agriculture, artificial intelligence, biotechnology, blue technology, cybersecurity, defense, energy and sustainability, life sciences, quantum, and robotics.
TOP BUSINESS FACILITIES RANKINGS
| #3 Life Sciences Leaders | 2024 State Rankings |
| Top 5 AI Growth Hubs | 2024 State Rankings |
| Top 10 Cybersecurity | 2024 State Rankings |
| Top 3 Life Sciences Growth: Baltimore | 2024 Metro Rankings |
| Top 5 Tech Talent Leaders (50k-125k): Baltimore | 2024 Metro Rankings |
| Top 10 AI Growth Hubs: Baltimore | 2024 Metro Rankings |
