2019 Q2 Survey
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Business Performance Slightly Improves in Second Quarter
After improving steadily in the last two quarters of 2018, the number of firms reporting higher revenue and employment fell in the first two quarters of 2019.
Continued Optimism for Future Growth
Despite reporting worse revenue and employment performance, the Maryland businesses surveyed remain optimistic for future growth
Worker Shortages Remain a Problem
In the second quarter of 2019, half of firms reported experiencing worker shortages, above the 39% figure in the first quarter, but below levels in the prior year.
Impact of State and Local Taxes on Meeting Goals
63% of businesses reported taxes had some negative impact on their operations (little, moderate, or great impact).
Businesses Indicate Overall Positive View of State's Business Climate
48% of buesinesses rated Maryland's business climate as either pro-business or business-friendly.
Maryland's Comptetiveness Compared with Neighboring States
48% of buesinesses rated Maryland's business climate as either pro-business or business-friendly.
Maryland Business Climate Survey Methodology