As the 2025 legislative session begins, Maryland faces significant challenges. A growing budget deficit, a fiercely competitive economic landscape, and evolving regulatory demands put our state at a crossroads. These hurdles demand action. For too long, our economy has struggled to keep pace with neighboring states. Maryland’s economic growth has stagnated at a rate of just 3 percent, while other states around us are surging ahead. Our state faces concerning trends, including outmigration of residents, slow population growth, sluggish job creation, and high taxes. These factors contribute to a diminished sense of business friendliness, which affects our competitiveness in the national and global marketplaces.
Eye on competitiveness: The path forward requires a commitment to pro-growth policies that prioritize business success. This means lowering tax burdens, reducing unnecessary regulations, investing in workforce development and creating a welcoming environment for business expansion.
