As the state of Maryland’s primary economic development agency, the Department of Commerce stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to companies. The Department also promotes the state's many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism.
Maryland is the premier location for more than 1,800 life sciences businesses. Powering these businesses is one of the nation’s highest concentrations of PhDs and engineers, along with a healthy pipeline of professional and technical workers. Maryland offers proximity to a powerhouse supply of research and development— more than 74 federal laboratories—including the National Institutes of Health, National Institute of Standards and Technology and the Food and Drug Administration. Other major assets include more than 50 top universities, many with thriving university research parks, and 50+ incubators, accelerators and co-working spaces for Maryland innovators and international entrepreneurs.
Maryland is the premier location for more than 1,800 life sciences businesses. Powering these businesses is one of the nation’s highest concentrations of PhDs and engineers, along with a healthy pipeline of professional and technical workers. Maryland offers proximity to a powerhouse supply of research and development— more than 74 federal laboratories—including the National Institutes of Health, National Institute of Standards and Technology and the Food and Drug Administration. Other major assets include more than 50 top universities, many with thriving university research parks, and 50+ incubators, accelerators and co-working spaces for Maryland innovators and international entrepreneurs.
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