A recent report shows that the Maryland Department of Commerce finance and tax incentive programs supported tens of thousands of jobs in the last fiscal year.
The Consolidated Incentives Performance Report – an annual mandated report that reviews each of the department’s incentives and determines how it is meeting objectives – shows that the agency’s economic development programs helped create and retain 13,000 direct jobs from July 2024 – June 2025.
In total, the department’s programs contributed to 24,000 direct, indirect, and induced jobs throughout the state, with businesses investing nearly $434 million of private capital into the economy.
Manufacturing; retail; and professional, scientific, and technical services were the top three sectors for job creation, supporting nearly 10,300 jobs in Maryland.
The report’s findings were the highest since fiscal year 2021, which recapped the state’s impact during the peak of the COVID-19 pandemic.
