Maryland must reverse its competitive decline
Maryland’s alarming slide from 22nd to 31st place in CNBC’s 2024 Top States for Business rankings is more than a statistic — it’s a glaring warning sign about our state’s economic competitiveness.
Our fall is particularly concerning in three key areas: business friendliness (from 24th to 37th), infrastructure (from 15th to 37th) and a stagnant workforce ranking (28th). Most alarmingly, Maryland ranks 47th for the cost of doing business, making it the fourth-most-expensive state for businesses to operate in. These rankings matter. They influence business decisions on where to locate, expand or invest.