By Nick Sohr, Managing Editor, MDbizMedia
New and expanding businesses in Maryland announced more than 10,000 new jobs and $3.3 billion in capital investment last year, according to figures compiled by the Department of Business and Economic Development.
The growth — 376 total projects across all 24 local jurisdictions — reflected the state’s traditional strengths in professional and technical services, health care and government.
Nearly a quarter of the growth came from professional services, with 84 projects. Almost half of those were announced by information technology firms, an area of emphasis for Maryland as the state works to capitalize on growth in cybersecurity driven by the National Security Agency in Anne Arundel County and the National Institute of Standards and Technology in Gaithersburg.
The health care sector saw 1,875 new jobs announced in 2011, with more than three-quarters of them part of the expansion of Holy Cross Hospital in Montgomery County.
The federal government was responsible for the largest new capital investment. Most of the $890 million in announced spending will go to the planned Social Security Administration project in Frederick.
There were more than 2,000 new jobs announced in the hospitality and recreation sector, according to the DBED figures. Most of those jobs are at the Maryland Live! Casino being built next to the Arundel Mills shopping mall and the new Four Seasons hotel in Baltimore.
Manufacturing, which has struggled in Maryland in recent years, added the second-most new businesses of any sector, with 11. Along with 53 expansions, manufacturing firms announced 1,477 new jobs and $212 million in capital investment in 2011.
Statewide and across all sectors, businesses new to Maryland accounted for 67 of the 376 announced projects and 2,964 jobs. The 309 expansions accounted for 7,408 jobs.
Projects were announced in all 23 counties and Baltimore City. Howard County led the way with 50 new and expanding projects. Anne Arundel led the state in new businesses announced, with 13 totaling 1,696 jobs.
While the report does not capture all of the employment growth in the state, DBED Secretary Christian Johansson said it is an “important barometer of where Maryland is creating jobs.”
According to the Department of Labor, Licensing and Regulation, Maryland added 30,300 jobs in 2011, with 25,600 of them coming from the private sector.
Top deals, according to DBED figures, include:
- Cordish/Maryland Live! at Arundel Mills (Anne Arundel County) – 1,500 new jobs, $320 million investment
- Social Security Administration (Frederick County) – 200 new jobs, $500 million investment
- EMD Sales (Baltimore City) – 70 new jobs, $1 million investment
- Evolve Composites (Washington County) – 60 new jobs, $3 million investment
- Under Armour (Anne Arundel County) – 225 new jobs
- Vocus (Prince George’s County) – 200 new jobs, $10 million investment
- Restoration Hardware (Cecil County) – 150 new jobs, $66 million investment
- Maricom Systems (Baltimore County) – 150 new jobs