A new study puts Maryland in the middle of the pack for breeding new business establishments.
The analysis by Economic Modeling Specialists and CareerBuilder says that Maryland had 3,122 net new business establishments from 2009 to 2012 (all new establishments minus all closed establishments). That puts the Old Line State at 18th in the nation for the number of net new business establishments, and 23rd for new establishments per capita.
Maryland added a net 5.3 business establishments per 10,000 residents during that time period, representing 2 percent growth in the number of business establishments. The study recorded 163,874 business establishments in Maryland in 2012.
According to the study, a business establishment is “a single physical location that produces some form of economic activity.”
This means that new locations of chain businesses are included in the count. It also means that states known for their high-performing startups were not necessarily a shoe-in.
California, for example, experienced a net loss of 2,530 establishments from 2009 to 2012. According to the report, it added a net 43,000 establishments from 2010 to 2011, but lost nearly 40,000 from 2011 to 2012.
North Dakota was the best performer per capita, gaining a net 53.4 establishments per 10,000 people. The study attributed this to a “tiny population and impressive oil boom.”
On the opposite end of the spectrum, Delaware lost a net 14.6 jobs per 10,000 residents, and Michigan 14.2.