An executive order was signed by Governor Moore two weeks ago in an effort to bump Maryland’s economic growth while state officials face a $3 billion budget shortfall. Moore signed the order, which establishes multiple initiatives seeking to make the state more friendly to business development. It came alongside a rosy November jobs report from the Bureau of Labor Statistics, with preliminary numbers released on Friday showing that Maryland’s total employment grew by about 7,100 jobs last month. It also came as Maryland lawmakers prepare for a session in which “everything is on the table” for addressing the budget deficit.
Our take: Maryland Chamber President & CEO Mary Kane says that the executive order is “an important step forward for Maryland’s businesses, communities and workforce.” In a September guest column for The Baltimore Sun, Kane called Maryland’s fall to 31st place in CNBC’s 2024 Top States for Business rankings “a glaring warning sign about our state’s economic competitiveness” that demanded “immediate attention and decisive action.”
