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The State of Small Business: Maryland

Published December 21, 2021

Maryland's entrepreneurs might have to face high taxes and an elevated cost of living, but their sunny dispositions make clear that the Old Line State is home to plenty of opportunity. Many small businesses have been able to find success in Maryland due to its proximity to Washington, D.C., which adds another large market and the possibility of federal contracts to the list of benefits for entrepreneurs. Community support in the form of loyal customers, funding programs and grant opportunities is also substantial. 

Moreover, Maryland's high per capita personal income offsets the expensive cost of living in the state. Currently, the state's labor market looks particularly strong, meaning business owners are typically able to find the right person to fill their open positions. The small business owners and professionals who spoke with Business News Daily emphasized their enthusiasm for operating in Maryland. We took a closer look at why they're so optimistic.

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