Top States For Business

30. Maryland

Top States Maryland
Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce261102
Cost of Doing Business854848
Infrastructure12544 (Tie)45
Economy1852335
Quality of Life1752729
Technology & Innovation19057
Education120166 (Tie)
Business Friendliness672632 (Tie)
Cost of Living203840
Access to Capital2526 (Tie)29
Overall12533036

Economic Profile

Governor: Larry Hogan, Republican

Population: 6,006,401

GDP growth: 1.5 percent

Unemployment rate (May 2016): 4.5 percent

Top corporate tax rate: 8.25 percent

Top individual income tax rate: 5.75 percent

Gasoline tax: 51 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Giant Food LLC., Lockheed Martin

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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