Baltimore, Maryland
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Category Score 2013 Rank 2012 Rank
Cost of Doing Business1374142
Workforce1652024
Quality of Life1572529
Infrastructure & Transportation1014643
Economy2063324
Education10829
Technology & Innovation220910
Business Friendliness564524
Cost of Living94243
Access to Capital2197
Overall11804031

ECONOMIC PROFILE

Governor: Martin O'Malley (D) 

Population: 5,884,563

GDP growth: 2.4 percent

Unemployment rate (May 2013): 6.7 percent

Top corporate rate: 8.25 percent

Top individual tax rate: 5.75 percent

Gasoline tax: 23.5 cents/gallon

Bond rating/outlook: Aaa/Negative

Major private employers: University of Maryland, Northrop Grumman Electro Systems, BYK Gardner Inc., University of Maryland Medical Centers, CareFirst Blue Cross Blue Shield, Hydro Aluminum North America, Lockheed Martin, Clean Harbors Environmental, Johns Hopkins University, Cristal Arabia

Economic profile sources: American PetroleumInstitute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, TaxFoundation (2013), U.S. Census Bureau (2012 estimate)