Presentation is loading. Please wait.

Presentation is loading. Please wait.

Mid-Atlantic location borders Washington, D.C. Access to 12 major military bases, 50 federal agencies and 174 foreign embassies 50% of nation’s population.

Similar presentations

Presentation on theme: "Mid-Atlantic location borders Washington, D.C. Access to 12 major military bases, 50 federal agencies and 174 foreign embassies 50% of nation’s population."— Presentation transcript:



3 Mid-Atlantic location borders Washington, D.C. Access to 12 major military bases, 50 federal agencies and 174 foreign embassies 50% of nation’s population accessible within an overnight drive

4 60 colleges and universities 1 st in employed doctoral scientists and engineers 35% bachelor’s degree or higher

5 More than 400 bioscience companies 2 nd in federal R&D ($11.6 billion) 2 nd in the Milken Institute’s 2008 State Technology and Science Index

6 ECONOMIC SNAPSHOT GDP – $273 billion in 2008 Workforce size – 3 million Maryland leads the nation in job gain (highest since 1970) Maryland’s unemployment rate is approximately 25 percent below national rate Source: Bureau of Labor Statistics

7 FORTUNE 1000 COMPANIES HEADQUARTERED IN MARYLAND Catalyst Health SolutionsPharmacy benefit management services Constellation Energy GroupElectric and gas services Coventry Health CareHealth care services Discovery CommunicationsMedia and entertainment programming Host Hotels & ResortsLodging and hospitality services Legg MasonFinancial and investment services Lockheed MartinAerospace and electronic systems Marriott InternationalFood and lodging services McCormick & CompanyFood products and flavorings T. Rowe PriceFinancial and investment services W.R. GraceSpecialty chemicals

8 MARYLAND’S 10 LARGEST EMPLOYERS University System of MD 34,500 Fort George G. Meade 30,250 Johns Hopkins University 27,000 JHU Hospital & Health System 18,400 National Institutes of Health17,900 Wal-Mart17,700 Aberdeen Proving Ground16,950 MedStar Health14,800 University of Maryland Medical System14,800 Giant Food14,350

9 MARYLAND EMPLOYMENT SHARES BY SECTOR Source: Bureau of Labor Statistics.

10 MILITARY & FEDERAL FACILITIES Over 170,000 people employed 12 major military installations and 53 non-military federal facilities 4 th among states in federal procurement – # 5 in total DoD spending - # 1 in total spending for Departments of Commerce and Health & Human Services Military installations annual economic impact to Maryland in excess of $20 billion Non-defense federal impact on Maryland’s GDP = $17 billion (FY08) Key Agencies - NIH, NIST, NASA, NSA, FDA

11 SMALL & MINORITY BUSINESS 112,547 small businesses in 2006 – 97 percent 97.7 percent of all employers are small businesses 53.4 percent of private-sector employment Highest minority and women- owned business contracting goals – 25 percent Ranks first in the percentage of firms that are African American owned

12 Leading companies: BD Diagnostics Human Genome Sciences LifeBridge Health MedImmune Human Genome Sciences QIAGEN Otsuka America Pharmaceutical Lonza Walkersville 13,600 Businesses 340,000 Jobs 4 th largest cluster of biotechnology companies in the U.S. 50 acute care hospitals HEALTH & LIFE SCIENCE

13 Healthcare Information Technology – Med Assurant, Inc – Kaiser Permanente Information – Consumer Health Advisors Personalized Medicine – Right person, right drug, right dose Stem Cell Therapy – Lonza, largest commercial supplier HEALTH & LIFE SCIENCE TRENDS © Lonza Group Ltd, Basel

14 2,600 Businesses 9,100 Jobs 16 of America’s top 25 aerospace companies 70 of the top defense contractors AEROSPACE & DEFENSE Leading companies: AAI Textron Systems ARINC BAE Systems Booz Allen Hamilton General Dynamics Lockheed Martin Northrop Grumman SAIC Thales

15 BRAC – BASE REALIGNMENT & CLOSURE Largest economic growth since WWII MD recipient of the largest number of DoD civilian jobs in US Over 27,000 direct military civilian jobs relocating to MD Average salary $92k Large number of contractor jobs to follow(BAH, CACI, SAIC) Creation of thousands of skilled labor jobs

16 10,000 Businesses 140,000 Jobs 10% of all workforce positions are technology-related INFORMATION & TECHNOLOGY Leading companies: BAE Systems Bechtel CSC General Dynamics IBM JHU Applied Physics Lab Lockheed Martin Northrop Grumman Verizon

17 CYBERSECURITY Elite cybersecurity network: IARPA DISA NIST NSA Ft. Meade – CyberCommand Aberdeen - C4ISR Cybersecurity epicenter - nation’s largest cluster of industry leaders

18 ENERGY & SUSTAINABILITY 1,300 Businesses 35,000 Jobs Nation’s first Clean Energy Center Leading companies: Baltimore Gas & Electric Calvert Cliffs Nuclear Power Plant Covanta Energy Columbia Gas Constellation Energy Mirant Sun Edison W.R. Grace & Company

19 Green Jobs – Create 100,000 new green jobs by 2015 Energy Reduction – Reduce per capita electricity consumption and peak demand 15 percent by 2015 Climate Action – Reduce greenhouse gas emissions 25 percent by 2020 Renewable Energy – Generate 30 percent electricity from renewable energy sources by 2022 MARYLAND’S GREEN GOALS

20 MANUFACTURING & PRODUCTION 4,700 Businesses 135,000 Jobs Overnight trucking access to one-third of nation Favorable tax climate for manufacturing Leading companies: Allen Family Foods BD Diagnostics GM Lockheed Martin McCormick & Company MedImmune Northrop Grumman Perdue Farms W.L. Gore

21 FINANCIAL & PROFESSIONAL SERVICES 42,000 Businesses 434,000 Jobs Largest industry sector in Maryland Leading companies: Bank of America Citi Care First PNC Financial Services Group Kaiser Foundation Health Plan T. Rowe Price Group M&T Bank Wells Fargo

22 RESEARCH & EDUCATION 5,700 Businesses 355,000 Jobs 20+ Incubators promoting technology transfer and commercialization Leading companies: University System of Maryland Johns Hopkins University Montgomery Community College Howard Community College Community College of Baltimore City Westat

23 SELECT RESEARCH CENTERS Aberdeen Proving Ground Army Research Lab Food & Drug Administration National Aeronautics and Space Administration National Institutes of Health NationaI Institute of Standards and Technology Network of more than 350 federal and academic research centers Johns Hopkins University University of Maryland, Baltimore University of Maryland, College Park

24 HOSPITALITY & RECREATION 15,000 Businesses 253,000 Jobs Popular convention destination Attracts 29 million visitors annually Leading companies: Choice Hotel Brands Gaylord Entertainment Host Hotels & Resorts Marriott International Pimlico Racing Six Flags Wisp Resort

25 AMERICA’S GLOBAL GATEWAY Nearly 500 foreign owned businesses from 30 countries More than 14,000 international visitors study here adding $400 million to state’s economy International trade supports 600,000 jobs NGOs impacting the world include Jhpiego and Catholic Relief Services – headquartered in Baltimore

26 MARYLAND’S GLOBAL REACH The state maintains 12 foreign offices in 13 countries

27 INFRASTRUCTURE Centrally located along the U.S. east coast with proximity to major cities Three international airports –Baltimore/Washington International Thurgood Marshall Airport –Dulles International Airport –Reagan National Airport Two Class I freight rail carriers and five short lines A deep-water, inland port Six interstate highways Overnight trucking access to one-third of the U.S.

28 A GREAT PLACE TO LIVE With great sports and entertainment, history and heritage, fine wine and dining and amazing parks and shorelines—Maryland is the perfect place to live, work and play. LIVE - Moderate climate and affordable housing WORK - Creative class and thriving arts community PLAY - Outdoor adventures – mountains and the beaches

29 RESOURCES Maryland Department of Business and Economic Development Services Include: Building and site location assistance Finance programs, tax credits and training grants Business advocacy and consulting Technology Transfer Foreign Direct Investment Export consulting and marketing Tradeshow and conference partnership

30 Visit Demographic and comparison data Business licensing information Business news and newsmakers Economic and employment status Centralized event calendar STAY CONNECTED


Download ppt "Mid-Atlantic location borders Washington, D.C. Access to 12 major military bases, 50 federal agencies and 174 foreign embassies 50% of nation’s population."

Similar presentations

Ads by Google