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Window washers, St. Agnes Hospital, Catonsville, Maryland, April 2011. Photo by Diane F. Evartt.
In 2018, Maryland ranked third in the Milken Institute's State Technology and Science Index. The rankings are based on five categories: human capital investment; research and development inputs, risk capital and entrepreneurial infrastructure; technology and science workforce, and technology concentration and dynamism.
In 2017, Maryland ranked fifth nationally in concentration of technology industry jobs, which constituted 9.5% of the total workforce. In Maryland, the average annual wage for employees in this field is $109,964. Some 14,840 tech businesses were located in Maryland as of 2017.
Approximately 81.6% of those working in Maryland are employed by the private sector, while federal, State, county and municipal governments employ 18.4% of the workforce.
Domino Sugar plant and cargo ship, Baltimore, Maryland, April 2015. Photo by Sarah A. Hanks.
Financial services is a growing sector in the Maryland economy. Brokerage firms, insurers, and other financial companies maintain their home operations or a significant presence in the State.
In 2017, government employees in Maryland numbered 487,036. Of these, 146,707 were federal workers, 97,770 worked for State government, and 242,559 were employed by county and municipal governments.
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EMPLOYERS
Under Armour Global Headquarters (left), 1020 Hull St., Baltimore, Maryland, June 2019. Photo by Diane F. Evartt.
Under Armour Headquarters (right), 1020 Hull St., Baltimore, Maryland, April 2015. Photo by Sarah A. Hanks.
In 2018, the University System of Maryland was the largest private employer in Maryland. The System employs 39,900 faculty and staff. Other leading employers in the State include University of Maryland Medical System; The Johns Hopkins University; Johns Hopkins Hospital and Health System; MedStar Health; and Marriott International.
In 2017, Maryland had more than 168,000 businesses that employed over 2.1 million workers with an annual payroll of over $124 billion. Corporate headquarters of well-known businesses, such as McCormick, Lockheed Martin, Under Armour, DAP, Phillips Seafood, T. Rowe Price, and Goetze's Candy are located in Maryland.
DAP world headquarters, Baltimore, Maryland, May 2015. Photo by Sarah A. Hanks.
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e-mail: mdmanual@mdarchives.state.md.us