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Maryland Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 209 | 28 | 10 | C |
| INFRASTRUCTURE | 225 | 15 | 22 | B |
| ECONOMY | 169 | 31 | 31 | C- |
| LIFE, HEALTH & INCLUSION | 231 | 11 | 18 | B- |
| COST OF DOING BUSINESS | 81 | 47 | 44 | D- |
| TECHNOLOGY & INNOVATION | 201 | 7 | 14 | A- |
| BUSINESS FRIENDLINESS | 95 | 24 | 29 | C |
| EDUCATION | 72 | 21 | 18 | B |
| ACCESS TO CAPITAL | 33 | 13 | 13 | B- |
| COST OF LIVING | 24 | 27 | 44 | C |
| OVERALL | 1340 | 22 | 27 |
Economic Profile
Governor: Wes Moore, Democrat
Population: 6,164,660
GDP growth (Q1 2023): 0.70%
Unemployment rate (May 2023): 2.40%
Top corporate tax rate: 8.25%
Top individual income tax rate: 5.75%
Gasoline tax: 54.50 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
