36. Maryland (Tie)

Workers in the Old Line State run circles around the competition. But costs are high and infrastructure is poor.

Category
Score
2015 Rank
2014 Rank
Workforce 273 2 20
Cost of Doing Business 85 48 45
Infrastructure 110 45 39
Economy 149 35 24
Quality of Life 166 29 26
Technology & Innovation 178 7 7
Education 140 6 (Tie) 7
Business Friendliness 57 32 (Tie) 42
Cost of Living 17 40 41
Access to Capital 22 29 27
Overall 1197 36 (Tie) 35

Economic Profile

Governor: Larry Hogan, Republican

Population: 5,976,407

GDP growth: 0.8 percent

Unemployment rate (May 2015): 5.3 percent

Top corporate tax rate: 8.25 percent

Top individual income tax rate: 5.75 percent

Gasoline tax: 48 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Giant Food LLC.

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Maryland Dept of Business and Economic Development, Maryland FY 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

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