31. Maryland

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Category	Score	2019 Rank	2018 Rank	Grade
Workforce	313	6	6	A-
Economy	164	35	21	C-
Infrastructure	155	41	45	C-
Cost of Doing Business	89	46	45	D-
Quality of Life	165	27	26	C-
Education	96	23	20	C+
Technology & Innovation	130	5	10	A
Business Friendliness	78	31	35	C-
Access to Capital	56	14	16	B+
Cost of Living	5	46	44	F
Overall	1251	31	31	-

Economic Profile

Governor: Larry Hogan, Republican

Population: 6,042,718

GDP growth (Q4 2018): 1.2%

Unemployment rate (May 2019): 3.8%

Top corporate tax rate: 8.25%

Top individual income tax rate: 5.75%

Gasoline tax: 35.30 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/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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