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Maryland Resources Page
Inward Investment Guides

When “Global” Becomes “Local” - And Why It’s a Good Thing

Nancy McLernon, President & CEO, Organization for International Investment (OFII) (Location USA 2014)
Examples abound of foreign firms that have “insourced” their operations to the U.S., helping their companies to prosper and the communities in which they locate to thrive. More

Maryland Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Maryland's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Sustainability: The “Invisible Hand” Shapes Next-Generation Location Selection

Don Schjeldahl, Founder, Don Schjeldahl Group (Q1 2014)
Companies that view their location strategies through a “sustainability filter” are more likely to achieve competitive advantage and long-term stakeholder value. More

A Look Back - and Ahead - at the 2013/2014 Legislative and Incentives Landscape

Jason Hickey, President, Hickey & Associates, LLC (Directory 2014)
From what we witnessed in 2013, we can only expect more dynamic developments in state incentive programs and a continued focus on additional transparency. More

Regional Report: Mid-Atlantic Region Drawing High-Tech Investment

Karen Thuermer (Directory 2014)
Some new and creative incentive programs are being provided in the Mid-Atlantic States to help drive the region’s high-tech and other industries. More

Criteria for Selecting a High-Tech Cluster

Amber Schiada, Research Manager, Markets, Jones Lang LaSalle (Q4 / Fall 2013)
Companies locating in “tech-friendly” communities can find the foundation for their success, while also helping the local economy to grow — a win-win situation all around. More

Automation Propels U.S. Manufacturing Forward

Beth Mattson-Teig (Q4 / Fall 2013)
Manufacturers are turning to automation as a means to improve quality, productivity, safety, speed, and competitiveness, while reducing costs. More

Leading Locations for 2013: The Mid-Atlantic MSAs

Area Development Magazine Special Presentation (Q2 / Spring 2013)
Encompassing Delaware, Maryland, New Jersey, New York, and Pennsylvania, the Mid-Atlantic region boasts a diverse industrial base that employs thousands at high-technology, life sciences, financial services, and agri-business firms. More

MARYLAND at a glance

POPULATION: 5,828,289 (2011)

LABOR FORCE: 3,072,246 (2011)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES: Manufacturing, transportation, agriculture, financial services, fishing, marine industries

EXPANDING INDUSTRIES: Biotechnology, information technology/cyber security, telecommunications, environmental industries, aerospace and defense, technology-driven manufacturing, healthcare, financial services, tourism, warehouse and distribution

COLLEGE GRADUATES: (Age 25 and over) 36.9%

BASIC BUSINESS TAXES:
Corporate Income Tax: 8.25 percent of the net income allocable to Maryland; no corporate franchise tax; no gross receipts tax on manufacturers; no tax on the Internet, e-commerce, or direct broadcast satellite services

Sales and Use Tax: 6 percent on the sale or use of tangible personal property, unless a specific exemption is provided

Property Tax: Real property taxed by the state, counties, Baltimore City, and incorporated towns; rates vary; Maryland imposes no state personal property tax; counties and municipalities may tax business personal property

BUSINESS INCENTIVES
Industrial development financing:
• Loan guarantees

• Taxable and tax-exempt bonds

• Trade financing

Seafood and aquaculture loans

Energy financing

Community financing:
• Loans to businesses or local governments

Small business development financing:
• Contract financing

• Equity Participation

Investment for franchises, technology-based businesses, and business acquisitions

• Surety bond guaranty or direct bonding

• Long-Term Guaranty Program Daycare financing:
• Direct loans and loan guarantees

Investment financing:
• Startups, first- and secondstage technology-driven companies

Maryland Econ. Dev. Assistance Authority Fund

International financing:
• Supplementary export financing

• Export development assistance

• Foreign-trade zones

TAX INCENTIVES:
• Job creation tax credits

• One Maryland tax credits

• Enterprise Zone tax credits

• Federal Empowerment Zones incentives

• Brownfields revitalization incentives

• Biotechnology Investment Tax Credit

• R&D Tax Credit

• Cellulosic Ethanol Technology R&D Tax Credit

Employee training

Recruitment assistance

Principal Manufacturing industries

  • Computer & Electronic Products
    18.1%
  • Food
    13.1%
  • Chemicals
    11.0%
  • Printing & Related Support Activities
    7.5%
  • Fabricated Metals Products
    7.3%
  • Transportation Equipment
    6.8%
  • Plastics & Rubber Products
    5.8%
  • Machinery
    5.6%
  • Nonmetallic Mineral Products
    3.1%
  • Paper
    3.0%
  • Other Manufacturing Industries
    18.7%