A diversified economy with jobs ranging from technology, bioscience, manufacturing and international trade, Maryland’s gross state product reached $378.3 billion last year, according to the Maryland Department of Commerce. There are around 168,000 businesses in the state with more than 2.1 million employees, and an annual payroll of $119 billion. More than 90 percent of the businesses are small, having 99 or fewer employees — a total of 36 percent of the state’s private sector workforce. Companies with 100 to 499 employees make up 14 percent while those with 500 or more total 49 percent.
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