Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew
Maryland Resources Page
Inward Investment Guides

Shale Oil & Gas Development Changing the Way the Nation Does Business

Charlotte Batson, Owner and Principal, Batson & Company (Q1 2015)
The development of oil and gas resources is driving infrastructure and manufacturing location decisions, while boosting U.S. competitiveness. More

Regional Report: Growth in Biomedicine, Energy, and Food Processing Helping Mid-Atlantic Prosperity

Mark Crawford (Directory 2015)
In general, the Mid-Atlantic’s strongest sectors are financial and business services, healthcare, biomedicine, food processing, and energy. It’s been an uneven year for the Mid-Atlantic, but there are plenty of bright spots to light the way. More

Revolutionary Advances in Life Sciences amid Industry Disruption and Uncertainty

Mark Crawford (Q4 2014)
Major economic, social, and regulatory factors are having big impacts on the life sciences and medical device industries, representing an opportunity for innovative companies to become new leaders and gain market share. More

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

MARYLAND at a glance

POPULATION: 5,928,814 (2013)

LABOR FORCE: 3,127,676 (2013)

RIGHT TO WORK: No

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

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

COLLEGE GRADUATES: (Age 25 and over) 37.4%

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
Energy financing

Community financing:
Loans or Grants 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
Maryland Economic Development Assistance Authority Fund for direct loans, grants, and investments

Investment financing:
Maryland Venture Fund for startup, seed and emerging high-technology business

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

Brownfields Revitalization Incentives

Research & Development Tax Credits

Biotechnology Investment Incentive Tax Credit

Cybersecurity Investment Incentive Tax Credit

Employer Security Clearances Costs Tax Credit

Cellulosic Ethanol Technology R&D Tax Credit

Maryland Wineries and Vineyards Tax Credit

RECRUITMENT AND TRAINING:
Employee training

Recruitment assistance

Principal Manufacturing industries

  • Computer & Electronic Products
    17.5%
  • Food
    13.5%
  • Chemicals
    11.2%
  • Fabricated Metal Products
    7.8%
  • Printing & Related Support Activities
    7.4%
  • Transportation Equipment
    6.7%
  • Machinery
    6.2%
  • Plastics & Rubber Products
    5.9%
  • Nonmetallic Mineral Products
    3.6%
  • Furniture & Related Products
    3.1%
  • Other Manufacturing Industries
    17.2%
Source: Maryland Department of Labor, Licensing and Regulation