Maryland at a Crossroads: Will We Choose Competitiveness?

Last week, Maryland's foremost business leaders and policymakers gathered to chart the course for the state's future, engaging in discussions about economic competitiveness, initiatives to strengthen the state's business community and strategies to attract and retain businesses in Maryland. Key topics, including transportation, artificial intelligence and workforce development, took center stage at this impactful event.

During the gathering, the Maryland Chamber of Commerce unveiled its 2024 Competitiveness Redbook for Maryland. This comprehensive publication, analyzing over 50 metrics, provides insightful perspectives on the state's economic position compared to all other states in the nation. The data reveals areas of strength and concern for Maryland. Despite strengths in sectors like tech and manufacturing, our state lags in key indicators and faces challenges such as a declining population, stagnant job and economic growth, high business costs, elevated taxes and inadequate transportation and infrastructure — all posing threats to the state's future prosperity.

As Maryland Chamber President & CEO Mary Kane emphasized during the event, thriving businesses are essential for strong communities. Businesses serve as the fabric weaving our communities together, connecting people and turning ordinary places into destinations that generations call home. However, when a state loses its competitive edge, a chain reaction ensues — people and industries migrate, leaving behind vacant structures, declining communities, crumbling infrastructure and severe budgetary challenges. A thriving business community is not just a want; it is a need — and is the difference between a state that prevails and one that faces decline.

This legislative session brings opportunities for collaboration and progress to bolster our competitive position. With partnership and purpose, we can reinforce our state as a hub for business investment and growth.

The business community stands ready to contribute to solutions. However, progress requires active involvement from all stakeholders. If you believe in making Maryland stronger, join us and participate in these critical issues and initiatives.