In Maryland, business boomed in ‘22

12/19/2022| Julie Miller

In Maryland, business boomed in ‘22

12/19/2022 | Julie Miller

Just ask Commerce’s business development representatives, and they’ll tell you: things have been busy around here. In 2022, our team landed life science deal after life science deal. We were constantly connecting manufacturing companies with new facilities to accommodate their complex needs. Throughout the year, Commerce calendars were full with ribbon cuttings, groundbreakings, and other celebrations for our business community. As we close out 2022, here are three themes we saw as we supported business growth in the state.

Continued Success in Life Sciences
Maryland is always strong in attracting life science companies (and for good reason). This year was no exception. The announcements just kept coming for our life sciences sector. Miltenyi Biotec announced it moved its headquarters from California to Montgomery County. Texcell announced its Maryland expansion in August, and MilliporeSigma announced major growth in November. Horizon Therapeutics, REGENEXBIO and Synexa were also among companies to commit to Maryland in 2022. And with 250,000 square feet dedicated to lab/office space under construction at the UM BioPark, expect the life sciences momentum to continue for years to come.

Corporate Leaders Reinvest in Maryland
In 2022, we saw some of the biggest names in business grow in Maryland. BMW doubled the size of its new distribution hub. Fanatics opened a new distribution center. We celebrated Total Wine & More’s recommitment to Maryland, and cut the ribbon at Northrop Grumman’s new Space Assembly and Test Hub. Two giants in the hotel industry also had big news—Marriott opened its new global headquarters, and Choice Hotels started construction on its new corporate home in Maryland.

Major Momentum in Manufacturing
It was a banner year for manufacturing in Maryland, too. Early in the year, electric industrial vehicle manufacturer Greenland Technologies announced that it selected Maryland, and shortly after, Hitachi Rail announced it would be making next-gen rail cars here. United Safety Technology and Niagara Bottling both committed to Tradepoint Atlantic. IKO, a global roofing and building materials company, opened the doors to a new facility in Washington County. Elite Comfort Solutions announced its first manufacturing facility in the state, while Hexagon Purus announced its relocation to a newly-expanded space. The Independent Can Company greatly expanded its operations, adding the only metal printer of its kind in the Western Hemisphere.

For a more complete look, download our 2022 Annual Report (Fiscal Year), and for a short overview, watch and share the video below.

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