SHOCKER: Maryland Ranks Low on New Business Ranking
As sure as the sun rises in the east and sets in the west, Maryland fared poorly on another state business ranking.
Maryland earned two stars out of five for taxes and regulations, three stars for workforce quality, and three starts for living environment.
The report’s Development Trend Indicator rated Maryland negative citing the recent minimum wage increase and push for paid family leave.
The report also noted domestic migration data ranking Maryland 40th in the nation with a net out migration in 2013 of 8,525 people.
This comes on the heels of the Rich States Poor States report showing Maryland still lagging in key indicators of economic competitiveness.
The good news is Maryland did not fall in the rankings, remaining in the same spot as its 2013 ranking. So we got that going for us.