Learn more about relocating or expanding to MarylandMaryland business climate, manufacturer incentives, and advantages of MD communities |
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Maryland Business Data*  Population: 5,699,478 Total Labor Force: 3,141,500 Unemployment Rate: 6.5% Number of Manufacturers: 4,314 Manufacturing Jobs: 155,617
Right to Work: No
Unemp. Ins. Tax: 2.2–13.5%
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Corporate Income Tax:
8.25%. Tax income liability for manufacturers is based on percentage of in-state sales. Sales Tax:
6%. No taxes levied by counties or municipalities. Exemptions include: Capital and noncapitalized manufacturing machinery and equipment; equipment used to move a product off production line; fuels used in manufacturing process. Property Tax:
No state tax on business property. Taxes levied by and vary by county except for Frederick,Garrett, Kent, Queen Ann, and Talbot counties. Leading Manufacturing Industries:
(by % of total manufacturing employment) 13% Printing and publishing 13% Electronic and other electric equipment 12% Industrial machinery and equipment 10% Food and kindred products 10% Chemicals and allied products Largest Manufacturing Establishments:
(by number of employees) Northrop Grumman Electronic Systems (Linthicum) - 6,400
RG Steel, LLC (Sparrows Point) - 2,530 BD Diagnostic Systems (Sparks) - 1,600 Volvo Group (Hagerstown) - 1,400 Hughes Network Systems, LLC (Germantown) - 1,310 |
Counties with the Most Manufacturing Jobs:
Independent - 34,391 Baltimore - 23,359 Anne Arundel - 23,298 Montgomery - 22,999 Prince Georges - 22,003 Cities with the Most Manufacturing Jobs:
Baltimore - 34,391 Columbia - 6,627 Linthicum - 6,499 Frederick - 6,441 Hunt Valley - 6,168 Manufacturing Related Business Incentives:
• R&D Tax Credit
• One Maryland Tax Credit • Enterprise Zone Tax Credit • Job Creation Tax Credit • Biotechnology Investment Tax Credit • Cellulosic Ethanol Technology Tax Credit; Job Creation and Recovery Tax Credit • Manufacturing Assistance Program • Maryland Industrial Development Financing Authority (MIDFA) • Maryland Venture Fund • Maryland Economic Development Assistant Authority and Fund (MEDAAF) • Maryland Small Business Development Financing Authority (MSBDFA) |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Maryland Department of Business & Economic Development
MDBED's mission is to create, attract and retain jobs, while promoting Maryland's vibrant cultural economies.
401 East Pratt Street, Baltimore, MD 21202 (Map & Aerial View)
(410) 767-6300
www.dbed.maryland.gov
Baltimore County Department of Economic Development
The Department can assist with site selection, financing, workforce, development and training. It can help businesses make the most of Enterprise Zones, tax credits and international trade opportunities.
105 Chesapeak Avenue, Suite 300, Towson, MD 21204 (Map & Aerial View)
(410) 887-8000
www.baltimorecountymd.gov/Agencies/economicdev
Baltimore Development Corporation
Its staff of experienced economic development professionals works confidentially with businesses to provide information and consultation to help them evaluate Baltimore as an expansion or relocation site.
36 South Charles Street, Suite 1600, Baltimore, MD 21201 (Map & Aerial View)
(410) 837-9305
www.baltimoredevelopment.com
Economic Alliance of Greater Baltimore
The Alliance is a partnership of industry, government and education, marketing Greater Baltimore as a world-class location for business, employment and investment.
1 East Pratt Street, Suite 200, Baltimore, MD 21202 (Map & Aerial View)
(410) 468-0100
www.greaterbaltimore.org
Montgomery County Department of Economic Development
This organiztion develops and advocates Chamber policies on economic development issues, and initiates Chamber programs aimed at supporting County and State economic development initiatives.
111 Rockville Pike, Suite 800, Rockville, MD 20850 (Map & Aerial View)
(240) 777-2000
www.montgomerycountychamber.com
Maryland Industrial News:
Maryland/D.C. Manufacturing Jobs Decline 2.3% Over Past Year (7/16/2012)
Maryland/D.C. Manufacturing Employment Remained Steady Over Past Year According To Industrial Directory (6/24/2011)
Industrial Directory Reports Maryland/Dc's Industrial Employment Declined 3.3% Over Past Year (6/23/2010)
Maryland Industrial Employment Declines 4.8% According To Manufacturers Directory (7/6/2009)
Maryland Manufacturers Directory Reports State Industrial Jobs Down Half Percent (7/11/2008)
State Manufacturers' Guide Reports Maryland Industrial Jobs Down 1.7%; Plants Down 2% (6/22/2007)
Manufacturers' Guide Reports Maryland/Dc Industrial Jobs Down 2% (6/19/2006)
Maryland/D.C. Manufacturing Jobs Decline 2.3% Over Past Year (7/16/2012)
Maryland/D.C. Manufacturing Employment Remained Steady Over Past Year According To Industrial Directory (6/24/2011)
Industrial Directory Reports Maryland/Dc's Industrial Employment Declined 3.3% Over Past Year (6/23/2010)
Maryland Industrial Employment Declines 4.8% According To Manufacturers Directory (7/6/2009)
Maryland Manufacturers Directory Reports State Industrial Jobs Down Half Percent (7/11/2008)
State Manufacturers' Guide Reports Maryland Industrial Jobs Down 1.7%; Plants Down 2% (6/22/2007)
Manufacturers' Guide Reports Maryland/Dc Industrial Jobs Down 2% (6/19/2006)
Looking to reach Maryland manufacturers? Access the Maryland Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/24/2013.
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