Transcript Slide 1

• 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
• 60 colleges and universities
• 1st in employed doctoral scientists and engineers
• 35% bachelor’s degree or higher
• More than 400 bioscience companies
• 2nd in federal R&D ($11.6 billion)
• 2nd in the Milken Institute’s 2008 State Technology
and Science Index
ECONOMIC SNAPSHOT
Year-over-Year Job Growth
Maryland and U.S. Converging
• GDP – $273 billion in 2008
-0.8%
Maryland
-1.0%
-1.0%
U.S.
-2.0%
-3.0%
-4.0%
Source: Bureau of Labor Statistics
Apr/10
Feb/10
Dec/09
Oct/09
Aug/09
Jun/09
Apr/09
Feb/09
Dec/08
Oct/08
-5.0%
Aug/08
• Maryland’s unemployment rate
is approximately 25 percent below
national rate
0.0%
Jun/08
• Maryland leads the nation in job gain
(highest since 1970)
Not Seasonally Adjusted
Annual Job Growth
• Workforce size – 3 million
1.0%
FORTUNE 1000 COMPANIES
HEADQUARTERED IN MARYLAND
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Catalyst Health Solutions
Constellation Energy Group
Coventry Health Care
Discovery Communications
Host Hotels & Resorts
Legg Mason
Lockheed Martin
Marriott International
McCormick & Company
T. Rowe Price
W.R. Grace
Pharmacy benefit management services
Electric and gas services
Health care services
Media and entertainment programming
Lodging and hospitality services
Financial and investment services
Aerospace and electronic systems
Food and lodging services
Food products and flavorings
Financial and investment services
Specialty chemicals
MARYLAND’S 10 LARGEST EMPLOYERS
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University System of MD
Fort George G. Meade
Johns Hopkins University
JHU Hospital & Health System
National Institutes of Health
Wal-Mart
Aberdeen Proving Ground
MedStar Health
University of Maryland Medical System
Giant Food
34,500
30,250
27,000
18,400
17,900
17,700
16,950
14,800
14,800
14,350
MARYLAND EMPLOYMENT SHARES BY SECTOR
Source: Bureau of Labor Statistics.
MILITARY & FEDERAL FACILITIES
• Over 170,000 people employed
• 12 major military installations and
53 non-military federal facilities
• 4th 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
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 womenowned business contracting goals –
25 percent
• Ranks first in the percentage of
firms that are African American
owned
HEALTH & LIFE SCIENCE
• 13,600 Businesses
• 340,000 Jobs
• 4th largest cluster of
biotechnology companies
in the U.S.
• 50 acute care hospitals
Leading companies:
• BD Diagnostics
• Human Genome Sciences
• LifeBridge Health
• MedImmune
• Human Genome Sciences
• QIAGEN
• Otsuka America Pharmaceutical
• Lonza Walkersville
HEALTH & LIFE SCIENCE TRENDS
• 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
© Lonza Group Ltd, Basel
AEROSPACE & DEFENSE
• 2,600 Businesses
• 9,100 Jobs
• 16 of America’s top 25 aerospace
companies
• 70 of the top defense contractors
Leading companies:
• AAI Textron Systems
• ARINC
• BAE Systems
• Booz Allen Hamilton
• General Dynamics
• Lockheed Martin
• Northrop Grumman
• SAIC
• Thales
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
INFORMATION & TECHNOLOGY
• 10,000 Businesses
• 140,000 Jobs
• 10% of all workforce positions
are technology-related
Leading companies:
• BAE Systems
• Bechtel
• CSC
• General Dynamics
• IBM
• JHU Applied Physics Lab
• Lockheed Martin
• Northrop Grumman
• Verizon
CYBERSECURITY
Cybersecurity epicenter - nation’s largest cluster of industry leaders
Elite cybersecurity network:
• IARPA
• DISA
• NIST
• NSA
Ft. Meade – CyberCommand
Aberdeen - C4ISR
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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
MARYLAND’S GREEN GOALS
• 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
20 percent electricity from renewable
energy sources by 2022
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
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
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
SELECT RESEARCH CENTERS
Network of more than 350 federal and academic research centers
• Aberdeen Proving Ground
• Army Research Lab
• Food & Drug Administration
(FDA)
• National Aeronautics and
Space Administration (NASA)
• National Institutes of Health
(NIH)
• Johns Hopkins University
• National Institute of Standards
and Technology (NIST)
• University of Maryland, College Park
• University of Maryland, Baltimore
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
AMERICA’S GLOBAL GATEWAY
• Nearly 500 foreign owned
businesses from 30 countries
• International trade supports
600,000 jobs
• More than 14,000
international visitors study
here adding $400 million to
state’s economy
• NGOs impacting the world
include Jhpiego and Catholic
Relief Services –
headquartered in Baltimore
MARYLAND’S GLOBAL REACH
The state maintains 12 foreign offices in 13 countries
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.
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
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
STAY CONNECTED
• Visit choosemaryland.org for:
• Demographic and comparison data
• Business licensing information
• Business news and newsmakers
• Economic and employment status
• Centralized event calendar