“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
Baltimore, Maryland is the state’s largest population at more than 580,000. (Photo: Adobe Stock/Sean Pavone Photo)
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.
Progress Labs at Center 85 in Frederick, Maryland is a five-building approximately 700,000 square foot development. Available for sale or lease, and a Build-to-Suit Opportunity. Permit ready.
Highlighting the life sciences industry’s evolution, JLL’s new 2024 Life Sciences Real Estate Perspective and Cluster Analysis introduces new rankings for talent and AI.
