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 )
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