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
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

Latest Special Reports

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    Coverage of the world's largest retail trade organization's annual conference.

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    In an era of rapid technological advances and demographic change, how do legacy companies adapt, innovate and evolve? CNBC Evolve features iconic global companies and executives who are embracing change and transforming for the future.

  • The personal and economic pain from the COVID-19 pandemic is being felt all over the world. As a result of this unprecedented disruption, businesses owners and employees are dealing with an immeasurable level of suffering and facing scenarios they never could have imagined. Through expert analysis and advice from proven business leaders, The Path Forward explores the extraordinary challenges businesses are facing and offers ideas to help owners navigate this global crisis and thrive once again.