The commentary continues following Governor Moore’s “lazy Maryland economy” remarks from MACoCon last month. A recent op-ed in the Baltimore Sun plainly poses four areas where Annapolis can do better for Maryland’s economy. First and foremost, the need to improve the state’s business-enabling ranking. Leaders must adopt national best practices to lower the comparative transactional costs for entrepreneurs, reduce permitting and licensing times for small businesses and reel in the regulations. Other points referenced Maryland’s fundamental strengths, the fluidity of human capital and a call for economic focus beyond the Baltimore-Washington corridor.
Bottom line: Maryland’s economy is stagnant, but Marylanders are not afraid to work — and are not lazy. The economic stagnation plighting our state is a result of government policies and the changing needs of today’s businesses and workforce. More needs be done to make Maryland better for business and workers.