30. Maryland

The Old Line State is big on new technology, but aging infrastructure and high costs are barriers to growth.

Top States Maryland
Source: George Kavallines
Top States Maryland
Category
Score
2016 Rank
2015 Rank
Workforce 261 10 2
Cost of Doing Business 85 48 48
Infrastructure 125 44 (Tie) 45
Economy 185 23 35
Quality of Life 175 27 29
Technology & Innovation 190 5 7
Education 120 16 6 (Tie)
Business Friendliness 67 26 32 (Tie)
Cost of Living 20 38 40
Access to Capital 25 26 (Tie) 29
Overall 1253 30 36

Economic Profile

Governor: Larry Hogan, Republican

Population: 6,006,401

GDP growth: 1.5 percent

Unemployment rate (May 2016): 4.5 percent

Top corporate tax rate: 8.25 percent

Top individual income tax rate: 5.75 percent

Gasoline tax: 51 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Giant Food LLC., Lockheed Martin

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

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