The Maryland Economic Development and Business Climate Commission, chaired by Norm Augustine, met in Hagerstown to discuss Maryland’s business climate with local business leaders from the Hagerstown-Washington County Chamber of Commerce. The panel included the Maryland Chamber’s incoming President and CEO Brien Poffenberger, who is currently President of the Hagerstown-Washington County Chamber, along with representatives from Jamison Door Company, High Rock and Volvo. There was a candid discussion about how the State’s regulatory climate and its costs, along with taxes, make Maryland an expensive place to do business, while also making it less attractive for businesses to stay or relocate to the State.
Members of the panel expressed their concerns about the State’s current workers compensation system, unemployment insurance costs and spoke to how the State seems to actively try to recruit businesses to the State and promote startups but lacks in providing tangible opportunities and incentives for existing Maryland businesses. The commission will review the State’s current workers compensation and unemployment systems and some state-to-state comparisons of those systems and incentives programs.
The Maryland Chamber will continue to follow the progress of the commission and engage the commission on the Chamber’s mission as well as the mission and vision of the Maryland Competitiveness Coalition.
Legislative Issues Tag: Competitiveness