Maryland’s 9,000-plus aerospace and
defense contractors generate more than
$33 billion a year.
Government &
Defense Contracting
>
The state is home to 350 research
centers, 20 military facilities and
60+ federal agencies.
> Maryland ranks first in total federal
obligations per capita for research and
development, at $15.4 billion.
> Maryland’s 9,000-plus aerospace and
defense contractors generate more than
$33 billion a year.
SOURCE: Maryland Department of Commerce
IT & Cybersecurity
> Maryland ranks first in academic, federal
and computer science research and
development funds spent per capita.
> 5 companies on the “Hot 150
Cybersecurity Companies to Watch
in 2020” list are headquartered in
Greater Baltimore
> Nine Centers of Academic Excellence in
Cyber Defense are located in the region.
Four are at the associates’ degree level—
more than New York and the District of
Columbia combined.
> Greater Baltimore has the nation’s top
ranking for science and technology
workforce in the country, one of the
fastest internet speeds and the highest
density of computer science R&D dollars.
Financial Services
> The University of Maryland’s Master
of Finance programs are ranked #2
nationally by Financial Times.
> T. Rowe Price, Legg Mason and
CareFirst are all based in Greater
Baltimore—three of Maryland’s 8,380
financial services firms. Collectively,
they employ nearly 92,000 workers
and generate $20.7 billion.
> Baltimore County’s 2,300-plus financial
services businesses employ more than
20 percent of the state’s workers in
this industry.
SOURCES: Baltimore County Department
of Economic and Workforce Development,
Maryland Department of Commerce
SOURCE: Economic Alliance of Greater Baltimore
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