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25. Maryland

High tech is a direct path to a great economy in the Old Line State, but high costs can knock things off course.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 325 11 10
Infrastructure 145 43 44 (Tie)
Cost of Doing Business 82 48 48
Economy 217 7 23
Quality of Life 156 26 27
Technology & Innovation 171 4 5
Education 111 25 16
Business Friendliness 61 33 26
Access to Capital 71 15 26 (Tie)
Cost of Living 7 44 38
Overall 1346 25 30

Economic Profile

Governor: Larry Hogan, Republican

Population: 6,016,447

GDP growth (Q4 2016): 1.5 percent

Unemployment rate (May 2017): 4.2 percent

Top corporate tax rate: 8.25 percent

Top individual income tax rate: 5.75 percent

Gasoline tax: 33.50 cents/gallon

Bond rating/outlook (Moody's, S&P): Aaa, 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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