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Workforce | Research & Development | Entrepreneurship | New Economy
Government & Business Support  | Education | Income & Wealth | Quality of Life 


  • Maryland has the highest concentration of employed doctoral scientists and engineers. The state ranks first in employed PhD scientists and engineers per 100,000 employed workers (1,215). Maryland also ranks first in mathematical sciences (73), first in biological sciences (432), first in health (77), and fourth in physical sciences (212) per 100,000 employed workers.1
  • Maryland ranks second in the percentage of professional and technical workers (27.7%) in the workforce.2
  • Maryland ranks fourth in the percentage of the population age 25 and above with a bachelor's degree or higher (36.9%) and second in the percentage with a graduate or professional degree (16.9%).3
  • Maryland ranks fourth in the concentration of technology jobs, which employ 86 of every 1,000 private sector workers. Further, the state ranks fourth by employment in measuring and control instruments manufacturing, fifth in computer systems design, and seventh in engineering services.4
  • Maryland ranks fourth in federal government employment, with 146,342 non-military federal jobs in 2012.  On a per capita basis, the state ranks second with 249 federal jobs per 10,000 residents.  Non-military federal jobs generate $13.4 billion in total wages in Maryland, ranking fourth among the states. Further, these jobs pay better in Maryland than in any other state, with an average annual wage of $91,816, which is 25% higher than the national average. 5

Research & Development

  • Johns Hopkins University ranks first among U.S. colleges and universities in total National Institutes of Health awards, including grants and contracts for research, development, training and fellowships ($575 million). 6
  • Maryland ranks first in National Institutes of Health research and development contract awards ($701 million). 7
  • Johns Hopkins University ranks first among academic institutions in the nation in research and development expenditures, totaling $2.11 billion in FY 2012. The university also ranks first in federally funded research ($1.86 billion).8
  • Maryland ranks second in federal obligations for research and development ($15.9 billion). On a per capita basis, Maryland ranks first among the states in federal R&D obligations.9
  • Maryland ranks second in research and development intensity, which is the ratio of R&D expenditures to gross domestic product (GDP) by state. Maryland ranks fourth in total R&D performance, first in federal intramural R&D, and fourth in R&D performed at universities and colleges. 10

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  • Maryland holds the following rankings for women and minority business ownership: 
    • First in the percentage of women-owned firms as a share of all firms (32.6%); and sixth in the percent of women-owned firms with employees (7.4%)
    • Second in the percentage of African American-owned firms as a share of all firms (19.3%); first in the percent of African American-owned firms with employees (2.1%); and seventh in the total number of African American owned firms (102,130) 
    • Seventh in the percentage of Asian-owned firms as a share of all firms (6.8%); and first in the percent of Asian-owned firms with employees (3.2%)
    • 12th in the percentage of Hispanic-owned firms as a share of all firms (4.9%); and 13th in the percent of Hispanic-owned firms with employees (1.1%) 11
  • Maryland ranks third per capita and fifth overall in Small Business Innovation Research Program (SBIR) awards.  Small businesses in Maryland received $97 million from the U.S. Small Business Administration in FY 2012 through the highly competitive SBIR Program (equating to $16.47 per capita).12
  • The Washington DC metro (which includes parts of Maryland) ranks second among metros with 327 companies on Inc. magazine’s list of the 5000 fastest growing private companies in the U.S. Among states, Maryland ranks ninth with 19 companies in the top 500, and 14th with 131 companies in the top 5000. Ranked by number of companies per capita, Maryland ranks second for the Inc. 500 and fifth for the Inc. 5000.13
  • The Baltimore metropolitan area ranks second among metro areas with a population of one million or more in Forbes' ranking of "Best Cities for Minority Entrepreneurs." The ranking is based on housing affordability, population and income growth, and entrepreneurship.14Top of page 

New Economy

  • Maryland has maintained its second place ranking in the Milken Institute’s biennial State Technology and Science Index for 2012.  According to study results, Maryland received high rankings in human capital investment, research and development inputs, technology and science workforce, and technology concentration and dynamism. The Index provides measurements of the technology and science assets for states, ranking them on their ability to foster and sustain a technology sector, which research has shown is a crucial factor in determining a region's future economic success. 15
  • Maryland ranks fifth in the 2014 State New Economy Index a measure of a state’s economy as knowledge-based, globalized, entrepreneurial, information technology-driven and innovation-based.16
  • Baltimore metro ranks tenth among U.S. metros in a Forbes ranking of cities creating the most technology jobs, based on the growth of tech industry employment and STEM occupation employment.17
  • Maryland ranks second among the states in the square footage of LEED-certified commercial and institutional green buildings per capita. By using less energy, LEED buildings save money for businesses and taxpayers; reduce greenhouse gas emissions; and contribute to a healthier environment for workers and the larger community .18
  • Maryland/Suburban Washington DC places fourth in a ranking of the top ten U.S. biopharma clusters based on criteria including patents, NIH grant funding, venture capital, lab space and number of jobs.19

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 Government & Business Support

  • Maryland is one of only ten states with a “triple triple” general obligation bond rating from the three major bond rating houses—Maryland has the longest running Triple-A rating with a “stable” outlook from Standard & Poor’s, dating back to 1961.20
  • According to a study on business taxes by Ernst & Young, Maryland businesses pay the second lowest share of state and local taxes, with business taxes accounting for 30.5% of total taxes collected in the state, compared with 45.2% for the national average. Further, Maryland ranks ninth nationally in state and local business taxes as a share of private sector GSP. Maryland has a total effective business tax rate of 4.0% on economic activity compared with 4.8% for the U.S. as a whole.21
  • In the 2013 Business Facilities Ranking Report, Maryland ranks first overall among the states in education climate, fifth in per capita income and eighth in installed solar power capacity. In the logistics category, the Port of Baltimore ranks third among U.S. ports, and the Baltimore Foreign Trade Zone #74 ranks third among top FTZs in merchandise received.22
  • In the 2014 Enterprising States study which looks at how states are creating an environment in which the private sector can thrive, Maryland ranks first in “Technology and Entrepreneurship,” and third in the human capital "Talent Pipeline."23
  • Maryland ranks ninth in the 2013 State Energy Efficiency Scorecard compiled by the American Council for an Energy-Efficient Economy. The report ranks states on the adoption and implementation of policies to forge an energy efficient economy which reduces energy costs, spurs job growth and benefits the environment.24
  • According to fDi Intelligence, a division of the Financial Times, Baltimore ranks fourth among major cities for the quality of its infrastructure. 25

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  • According to Quality Counts, Education Week’s annual assessment of key indicators of student success, Maryland’s K-12 public school system ranks first overall based on the latest data in six graded categories. Maryland ranks second in the achievement category, and third in teaching as well as transitions and alignment.26
  • Maryland is home to 16 higher education institutions designated by the National Security Agency and Department of Homeland Security as National Centers of Academic Excellence in Information Assurance education and research, tied for first in the nation.27
  • For the eighth year in a row, Maryland ranks first in the percentage of public high school seniors who scored at the mastery level on Advanced Placement (AP) exams, with 29.6% earning a score of 3 or higher in 2013.  Maryland ranks second among the states in the percentage of graduates taking AP tests during high school at 47.4%. Further, Maryland ranks third among the states in the percentage of Black/African American graduates having success on the tests, comprising 11.7% of students receiving a grade of 3 or better during their high school career.28 
  • According to U.S. News and World Report’s Best Colleges survey, Johns Hopkins University holds the following rankings:
    o 12th overall among top national universities that offer doctoral degrees
    o third among top research medical schools

    first in both undergraduate and graduate biomedical engineering
    o first in nursing
    o first in graduate public health 
  • According to U.S. News and World Report’s Best Colleges survey, the University of Maryland, College Park holds the following rankings:
    o top ten rankings in undergraduate management information systems and supply chain management/logistics, and in graduate information systems
    o top ten in graduate atomic/molecular/optical physics, condensed matter, plasma physics and quantum physics
    o top ten in undergraduate aerospace engineering
    o first in graduate criminology30 
  • Other Maryland colleges/universities that rank highly in the U.S. News and World Report survey include:
    o The University of Maryland Baltimore County ranks first among up-and-coming national universities
    o The United States Naval Academy ranks first among top public liberal arts colleges in the nation
    o St. Mary's College of Maryland ranks fifth among top public liberal arts colleges in the nation31
  •  The University of Maryland, College Park places fifth in a Kiplinger ranking of the 100 best values among public college for 2013 based on a combination of academics and affordability. Four other Maryland public institutions also make the top 100, including St. Mary’s College, Salisbury University, University of Maryland, Baltimore County and Towson University. 32


Income & Wealth

  • Maryland has the highest median household income for 2012 at $71,122, which is 38% above the national median.33
  • Maryland has the third lowest poverty rate for 2012, with 10.3% of the population living in poverty, compared with 15.9% for the U.S. as a whole.34
  • Maryland is home to five of the top 20 large counties in the nation for median household income. Howard County ranks second ($108,844), Montgomery 11th ($94,965), Charles 15th ($90,880), Anne Arundel 18th ($89,179) and Calvert 19th ($87,449) among 800+ counties with a population of 65,000 or greater.35

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Quality of Life

  • Johns Hopkins Hospital ranks first in the U.S. News honor roll of best hospitals in the nation, demonstrating outstanding competence in fifteen specialties. Furthermore, Hopkins ranks tenth among children's hospitals, with excellence in three pediatric specialties.36
  • Maryland ranks fifth in active physicians per 100,000 population, with over 20,000 doctors statewide.37
  • Baltimore ranks first among "Top Cities for Hospital Care." HealthGrades identified hospitals performing in the top five percent nationwide across 26 different medical procedures and diagnoses, and then ranked cities by the highest percentage of distinguished hospitals for clinical excellence.38
  • Columbia/Ellicott City, Maryland is ranked eighth among America’s “Best Places to Live” in the CNN/Money magazine 2012 ranking of small cities. The area is cited for its diverse population, reasonable housing costs, good schools, and miles of hiking trails. Waldorf, Gaithersburg and Germantown, Maryland also placed in the top 25 in the ranking of small cities. 39


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