KEY INDUSTRIES
AT-A-GLANCE
Baltimore is home to thousands of institutions and businesses that foster an innovative spirit among locals and visitors alike. The city boasts world-class advancement across our key industries, continuing urban development and growth among local makers and creative entrepreneurs who are making waves both in our neighborhoods and across the nation.
HIGHER EDUCATION
Johns Hopkins University ranked second among top research medical schools, ninth overall among top national universities that offer doctoral degrees, and 16th when it comes to best value.
( Source: U. S. News and World Report’ s Best Colleges survey via Maryland Department of Commerce)
HEALTHCARE & BIOSCIENCE
Maryland is home to 2,700 life science firms and more than 500 biotech companies, with more than 20 percent of the world’ s top influencers in vaccine development located in Maryland. The state also has 75 federal laboratories— more than twice as many as any other state.
( Sources: Maryland Marketing Partnership and the Federal Laboratory Consortium for Technology Transfer via Maryland Department of Commerce)
SPORTS
Since 2008, more than 3,500 events have generated more than $ 1.5 billion in direct spending on Maryland’ s economy.
( Source: Sports Destination Management)
T E C H, CY B E R S E C U R I T Y & IT
Given decades of federal and private-sector investment, and Greater Baltimore’ s STEM talent pipeline, Baltimore is an East Coast hub for tech innovation and a leader in cybersecurity, information technology and more. Plus, Maryland ranks fourth among the states for cybersecurity growth potential, and it has a lower cost of doing business when compared to other techfocused states like California and New York.
( Sources: Economic Alliance of Greater Baltimore, Maryland Department of Commerce and Maryland Marketing Partnership)
DEFENSE
Maryland’ s 9,000-plus aerospace and defense contractors include leaders like Northrop Grumman, Lockheed Martin and Booz Allen Hamilton and generate more than $ 33 billion a year. Greater Baltimore also is home to the National Security Agency, the U. S. Cyber Command and more.
( Sources: Maryland Marketing Partnership and the Economic Alliance of Greater Baltimore)
FINANCIAL SERVICES
More than 8,300 financial services firms are located in the Greater Baltimore area, including powerhouses such as T. Rowe Price and Brown Advisory. Collectively, these firms employ nearly 92,000 workers and generate $ 20.7 billion in gross state product.
( Source: Maryland Marketing Partnership)
BALTIMORE. ORG 37