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America's Top States For Business 2012

#31 Maryland

Inner Harbor, Baltimore, Maryland
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Inner Harbor, Baltimore, Maryland
Category Score 2012 Rank 2011 Rank
Cost of Doing Business 96 42 39
Workforce 178 24 38
Quality of Life 178 29 30
Infrastructure & Transportation 104 43 39
Economy 154 24 12
Education 158 9 11
Technology & Innovation 162 10 10
Business Friendliness 98 24 18
Access to Capital 82 7 12
Cost of Living 8 43 44
OVERALL 1218 31 29

ECONOMIC PROFILE

Governor: Martin O'Malley (D)

Population: 5,828,289

GDP (per capita): $45,360

Number of S&P companies: 6

Top corporate tax rate: 8.25 percent

Top individual tax rate: 5.50 percent

Gasoline taxes/fees: 23.5 cents

Bond Rating/Outlook: Aaa/Negative

SAT scores (average): 1492/2400

Degree Granting Institutions (colleges/universities): 61

Sources: Census Bureau (2011), Standard & Poor's (2012), Tax Foundation (2012), American Petroleum Institute (2012), Bureau Labor Statistics (2011), National Center For Education Statistics (2011), Moody's (2012), CNBC

America's Top States For Business