The federal government invests heavily in the Old Line State. Maryland has over 50 federal agencies and science facilities, including the Food and Drug Administration (FDA), National Institute of Standards and Technology (NIST), Johns Hopkins University, and many more.<\/p>\n\n\n\n
The Fort George Meade military installation is currently the largest federal employer in Maryland, with a total of 44,540 employees. Other large private employers include Lockheed Martin, Black and Decker, IBM, Northrop Grumman, General Motors, and Verizon.<\/p>\n\n\n\n
Most small businesses are also concentrated in the professional, science, and technology industries due to the proximity to government research agencies that offer grants and contract money for scientific research and studies. As such, there is very high competition between small and large businesses and the latter often win the prize.\u00a0<\/p>\n\n\n\n
Maryland\u2019s high per capita income offsets the expensive cost of living and high taxes. However, the labor market is quite robust, meaning strong enthusiasm among professionals and business owners for the days ahead.<\/p>\n\n\n\n
Here are some statistics about small businesses (SMBs) in Maryland:<\/p>\n\n\n\n