Somewhere between the nation’s financial center (NYC) and the nation’s regulatory center (D.C.), there’s a sweet spot for financial services. Just a train ride away from these important cities; but a more cost-effective home base. A growing high-tech hub that invests in modern infrastructure. That place is Maryland. Take a look around.
Our Power Grid
A reliable power grid is a growing priority for financial services companies focused on security and performance. And those companies enjoy being connected to a robust, fiber-rich telecommunications network—on a separate power grid from the one that serves New York. And Maryland’s power grid, one of the best performing in the nation, according to the Department of Energy, is something Maryland continues to invest in to make it even more reliable and efficient.
“It was really refreshing moving here, to see how the community has really embraced investing in and creating a tech hub.”
Anders Jones CEO & Founder Facet Wealth
#1
Emerging venture capital investment
Source: Site Selection Magazine, Emerging Tech Hubs, Jan. 2023.
#1
Lowest share of state and local business taxes paid by business
Source: Ernst & Young, in conjunction with the Council on State Taxation and the State Tax Research Institute, 2024
#3
Highest median household income
Source: U.S. Department of Commerce, Bureau of the Census, American Community Survey; ranking excludes Washington D.C., 2024.
A Built-In Customer Base
One of the most innovative states, Maryland is a hotbed for high-tech industries. Maryland’s leading industries, like cybersecurity and life sciences, have increasingly technical (and capital-intensive) needs. Additionally, the highly educated and well paid professionals supporting these industries are in a natural position to support a wide range of financial services. Home to a workforce of more than 90,000 financial professionals generating over $20 billion in gross state product, consider it a built-in customer pool.
Get to know some of Maryland’s leading industries.
Cybersecurity & IT
Maryland leads the nation in cybersecurity and IT innovation, with NSA and several other tech-focused federal entities, along with a high density of cybersecurity & IT private companies calling the state home.
A quantum revolution is coming and the momentum for it is here in Maryland. You’ll find dedicated state programs and focused investors that are all-in on supporting local tech success.
