Maryland

Highlights

• #2 of 50: Innovation and patents
• #2 of 50: Talent
• #10 of 50: Startup formation

The seven inputs

Each input is a z-score against the other states: 0 is the average state, and each step is one standard deviation (capped at ±3). Ranks are among the 50 states.

• Venture capital +0.5 #13 of 50
• Startup formation +0.4 #10 of 50
• Scale-ups +0.1 #22 of 50
• Economic output and wealth +0.4 #17 of 50
• Innovation and patents +1.5 #2 of 50
• Talent +1.4 #2 of 50
• Momentum +0.4 #15 of 50

Top companies

The largest companies headquartered in Maryland, by latest annual revenue.

1. Constellation Energy Corporation CEG · Utilities · Baltimore, MD $25.5B
2. Allegis Group Private · Business Services & Supplies · Hanover · Baltimore, MD metro $14.2B
3. Whiting-Turner Contracting Private · Construction · Baltimore, MD $13.3B
4. T. Rowe Price Group Inc. TROW · Financials · Baltimore, MD $7.3B
5. McCormick & Company Incorporated MKC · Consumer Staples · Hunt Valley · Baltimore, MD metro $6.8B

Roots Density Data, All Companies (public: SEC filings; private: Forbes Top Private Companies 2025). Ranked by latest annual revenue.

Metros in Maryland

• Washington, DC-VA-MD #6 of 109 metros 72
• Baltimore, MD #26 of 109 metros 57
• Wilmington, DE-MD-NJ #33 of 109 metros 53