KEY INDUSTRY
KEY INDUSTRY
STATS
HEALTHCARE & BIOSCIENCES
• With more than 900 research scientists and entrepreneurs, the UM BioPark conducts hundreds of research projects each year for more than 200 companies.
• Venture funding for Maryland life science companies increased more than 700 percent in 2018.
HIGHER EDUCATION
• The Baltimore region is home to seven community colleges and 16 four-year colleges and universities.
• Among Baltimore County workers older than 25, 38 percent have at least a bachelor’ s degree— higher than the national average of 30.3 percent. And 91 percent are high school graduates.
GOVERNMENT & DEFENSE CONTRACTING
• Maryland has 20 military facilities supporting chemical and biological defense R & D, military intelligence, cybersecurity and more. Nearby Fort George G. Meade is the state’ s biggest employer.
• Maryland is home to more than 9,000 aerospace and defense contractors, which generate more than $ 33 billion a year.
• Nearly one-fifth( 17 percent) of the state’ s total economic output is produced by the $ 57.4 billion military industry.
source: Maryland Department of Commerce; https:// open. maryland. gov / industries / military-federal
• Maryland has the highest proportion of employed PhD scientists, microbiologists and biological scientists in the nation. sources: Baltimore County, Economic Alliance of Greater Baltimore; https:// www. baltimorecountymd. gov / Agencies / economicdev / meet-baltimore-county / education /
https:// www. greaterbaltimore. org / our-region
• The healthcare industry supports over 100,000 jobs across Greater Baltimore.
• Eight of the nine highest-ranked hospitals in Maryland are located in Greater Baltimore, including Johns Hopkins and UM Medical Center.
sources: Economic Alliance of Greater Baltimore; https:// www. greaterbaltimore. org / sites / default / files / LifeSciences2019. pdf
https:// www. greaterbaltimore. org / sites / default / files / Healthcare2019. pdf
KEY INDUSTRIES
40 BALTIMORE. ORG