America's Top States For Business

35. Maryland

Category Score 2014 Rank 2013 Rank
Cost of Doing Business1044541
Workforce15820 (Tie)20
Quality of Life1492625
Infrastructure & Transportation1403946
Economy2292433
Education10372
Technology & Innovation24079
Business Friendliness5942 (Tie)45
Cost of Living104142
Access to Capital1227 (Tie)9
Overall12043540

Economic Profile

Governor: Martin O'Malley, Democrat

Population: 5,928,814

GDP growth: 0.0 percent

Unemployment rate (May 2014): 5.5 percent

Top corporate tax rate: 8.25 percent

Top individual income tax rate: 5.75 percent

Gasoline tax: 45 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Johns Hopkins

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Maryland Dept of Business and Economic Development

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