CNBC has recently released their annual American’s Top States for Business. To rank each state, CNBC scores all 50 based upon 128 metrics across 10 broad categories of competitiveness. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. This year, Maryland 31st overall; scoring 47th in cost of doing business, but eighth in technology and innovation.
Our neighbors: Virginia took home first place overall as the best state for business in 2024. Pennsylvania also scored higher than Maryland, at 17th. Maryland’s continued poor showings in business competitiveness, especially compared to her neighbors, poses a real concern to future economic prosperity in our state.
