DOING BUSINESS IN MARYLAND

Maryland Department of Commerce
443-930-3682
Kavita.Verma@Maryland.gov
Business.Maryland.Gov

Doing Business in MarylandMaryland 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
Doing Business in Maryland
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

 

Maryland Port Administration/The Port of BaltimoreThe 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

From the July / August 2023 issue of Business Facilities

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