America's Top States For Business 2013

#40 Maryland

Baltimore, Maryland
Greg Pease | Getty Images
Baltimore, Maryland
2013 Rank
2012 Rank
Cost of Doing Business 137 41 42
Workforce 165 20 24
Quality of Life 157 25 29
Infrastructure & Transportation 101 46 43
Economy 206 33 24
Education 108 2 9
Technology & Innovation 220 9 10
Business Friendliness 56 45 24
Cost of Living 9 42 43
Access to Capital 21 9 7
Overall 1180 40 31


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)

From the Governors


  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.