FY 2017 Budget Highlights

COMMERCIAL GROWTH NEW BUSINESS GROWTH 6,369 Number of Businesses Business Growth: Over the last 5 years, business base has grown by 4.9% 6,400 6,350 6,337 Target Industries: Bioscience, Advanced 6,300 Technology, Manufacturing, Agriculture, 6,274 6,250 Renewable/Sustainable Industries 6,200 - Other Growth Industries: 6,150 6,161 Health 6,100 6,071 6,050 • Education • Hospitality & Tourism 6,000 5,950 5,900 2011 2012 2013 2014 2015 Source: Maryland Department of Labor, Licensing and Regulation, 2nd Quarter data; internal data collection 24

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