Tags: US State Facts | industries | maryland | economy

Top 5 Industries in Maryland: Which Parts of the Economy Are Strongest?

By    |   Thursday, 09 Apr 2015 12:09 PM

Maryland is located near the nation’s capital and gives the state a strong federal job presence in industries like aerospace and defense and cyber security. The state features a diversified economy with the second highest concentration of professional and technical workers among the states.

More than 37 percent of Maryland’s population over 25 years old have a bachelor’s degree or higher. The strongest parts of the state’s economy include the following five industries:

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Aerospace and Defense

Space exploration, biodefense, avionics, cybersecurity, and weapons testing are all thriving activities in Maryland. There are 8,520 aerospace and defense businesses in Maryland, generating over $35 billion in economic activity annually.

Fishing Industry

Maryland features a busy fishing industry due to its geographical location along the Atlantic coast. The state is the largest producer of blue crabs in the country. Aquafarms are important to Maryland’s economy, and the state produces tilapia, striped bass, catfish, and shellfish.

Life Sciences

Maryland is a major recipient of National Institutes of Health research and development dollars, with Johns Hopkins University leading the way for total NIH awards. The 2,120 life sciences organizations in the state generate almost $17 billion in economic activity.

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Manufacturing

One of the top industries in Maryland is manufacturing. The first industries in the state were centered around the Baltimore shipyards in the early 1800s, starting with ironworks for sailing vessels and growing to include production of weather-measuring instruments. Maryland manufactures automobiles, parts and steel. The state’s manufacturing industry is currently led by printing and publishing, food, machinery, and chemical industries. About one third of manufacturing in Maryland takes place in Baltimore.

Cyber Security

Maryland is considered the nation’s center for cyber security. The state is home to 50 federal facilities and 12 military installations including the Army’s Communication and Electronics Command and the National Security Agency. There are more than 200,000 government employees and contractors focused on cyber security and technological innovations in all of the state’s security and technology facilities combined. Maryland has one of the highest concentrations of technology-related jobs in the country.

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Maryland is located near the nation's capital and gives the state a strong federal job presence in industries like aerospace and defense and cyber security. The state features a diversified economy with the second highest concentration of professional and technical workers.
industries, maryland, economy
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2015-09-09
Thursday, 09 Apr 2015 12:09 PM
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