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Expand or Relocate to Maryland
      

Maryland Business Data

Relocate or Expand to Maryland

MD business climate, manufacturer incentives, and advantages of local communities

Business Data for Maryland


Population
5,699,478

Total Labor Force
3,172,937

Unemployment Rate
4.5%

# Manufacturers
3,901

Manufacturing Jobs
150,159

Right to Work
No

Unemp. Insurance Tax
2.2–13.5%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
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 Mfg. Industries
(by # of employees)
12% Chemicals and allied products
12% Printing and publishing
12% Electronic and other electric equipment
11% Industrial machinery and equipment
10% Food and kindred products

Largest Mfg. Employers
(by # of employees)
Northrop Grumman Corporation (Linthicum) - 6,800
Gore & Assocs., Inc., W. L. (Elkton) - 3,000
Constellation Energy Resources, LLC (Baltimore) - 2,100
Under Armour, Inc. (Baltimore) - 2,000
BD Diagnostic Systems (Sparks) - 1,600
Volvo Group (Hagerstown) - 1,600
 
Counties with the Most Mfg. Jobs
Independent - 33,484
Anne Arundel - 23,633
Montgomery - 22,871
Prince Georges - 21,733
Baltimore - 20,419

Cities with the Most Mfg. Jobs
Baltimore - 33,484
Columbia - 7,787
Linthicum - 6,915
Frederick - 6,186
Hagerstown - 5,915

Mfg. 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 & businesses available to assist with your relocation to or from Maryland

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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