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Maryland Ranked One of Worst to do Business

May 14th, 2013 by WCBC Radio

A report last week issued by CEO magazine ranked Maryland among the 10 worst states in which to do business. According to the report, Maryland ranked 41st among the states, slipping from 33rd place in 2010, to 37th in 2011 and 40th in 2012, putting it among the 10 worst states for the first time. The magazine said Maryland’s “development trend indicator” was ‘negative,’” having “passed major tax increases, (and) now may boost minimum wage and sick leave.” Allegany County Economic Development Director Matt Diaz said that while the state does have a number of tax incentive programs for new businesses in place that can prove beneficial to areas such as western Maryland- overall he concurs that there is good cause for the state’s poor ranking.

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