Regional Review: Mid-Atlantic States’ New FDI Initiatives

Mali R. Schantz-Feld (Location USA / April 2013)

Educational and research institutions, state government’s willingness for change, and signature Mid-Atlantic tenacity provide the foundation for this region’s momentum heading into more promising economic times. More

Market Report: Life Sciences Site Selection Focused on Smaller Cities, Access to Innovation and Incentives

Richard McBlaine, International Director, Solutions Development & Chairman - Strategic Consulting, Jones Lang LaSalle, Jones Lang LaSalle (Q1 / Winter 2013)

North American life sciences companies are shuffling and right-sizing their footprints to maximize ROI in R&D and other corporate functions and, increasingly looking toward smaller metropolitan areas with rising industry influence. More

The Return of Technology Clusters to the List of “Best-Performing Cities”

Area Development Online Research Desk (February 2013)

Milken Study Highlights Metros Recovering Most Quickly from the Economic Recession and Growing Their Economies. More

LINK: Best-Performing Cities 2012: Where America's Jobs Are Created and Sustained - Milken Institute

Which States Lead in the “New Economy”?

Area Development Online Research Desk (December 2012)

It’s been more than three years since the Great Recession ended, and only six states have regained employment levels enjoyed prior to the recession, while 17 states are still more than 5 percent below their pre-recession employment levels. This is according to The 2012 State New Economy Index from the Information Technology and Innovation Foundation (ITIF). More

LINK: The 2012 State New Economy Index - ITIF

KPMG CompetitiveTax Structures Study Stacks Large and Small U.S. Cities against the Global Competition

Area Development Online Research Desk (October 2012)

Of the 55 large international cities highlighted in KPMG's 2012 Competitive Alternatives: Focus on Tax report, three U.S. cities rank among the top 20; Cincinnati (16th), Baltimore (17th), and Cleveland (18th). More

Regional Review: Mid-Atlantic States Focus on New Initiatives

Mali R. Schantz-Feld (August 2012)

As the Mid-Atlantic States slowly plod toward recovery, each state is concentrating efforts on differentiating from the pack. More

Colliers International: Will the United States Be Ready for Intermodalism?

Area Development Online Research Desk (August 2012)

Colliers International recently released its North American Port Analysis Report highlighting the rapid growth of "intermodalism" and the need for significant investment in U.S. ports post-Panamax. More

The Leading Mid-Atlantic and New England Metros for Economic and Workforce Growth

Steve Stackhouse (July 2012)

Area Development ranks the Top MSAs in New England and the Mid-Atlantic states for economic and workforce growth based on the overall results from our Leading Locations for 2012 study. 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