The 2023 Competitiveness Redbook is a data-driven snapshot of Maryland’s economic health, comparing the state to the rest of the nation in a variety of key indicators, including population change, employment growth, opening and closing rates of establishments, wages, taxation and economic, fiscal and regulatory freedom.
As you’ll see in the data, while there are areas of strength, our state and our businesses are struggling with issues including inflation, a crippling workforce shortage, high rates of taxation, and burdensome economic, fiscal and regulatory policies that are making it difficult to attract and retain businesses, support growth, and ensure Marylanders have plentiful opportunities to secure great jobs.
Some top insights from the data include:
We encourage you to use this data to understand the realities facing Maryland’s economy and business community. By working collaboratively to remove obstacles, update policies and create a pro-business atmosphere where both businesses and communities thrive, we can make Maryland a top competitor for business with an economy that leaves no one behind.
The 2023 Competitiveness Redbook is produced by the Maryland Chamber of Commerce, the leading voice for business in Maryland that advocates on behalf of more than 6,400 members and partner to develop strong public policy ensuring sustained economic growth for Maryland businesses, employees and families.
Economic Indicator Spotlight: Maryland’s Business Friendliness
EXPLORE THE BUSINESS CLIMATE DATA
Economic Indicator Spotlight: Maryland’s Population, Workforce & Employment
EXPLORE THE POPULATION & WORKFORCE DATA
Supporting Sponsors: Giant Food, Maryland Bankers Association, McCormick & Company
To order additional copies of the 2023 Redbook, contact the Maryland Chamber of Commerce at 410.269.0642 or email@example.com