Businesses Indicate Overall Positive View of State’s Business Climate
Businesses were asked to rate Maryland’s overall business climate.
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Fifty-two percent of businesses rated Maryland’s overall business climate as either pro-business or business-friendly
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Thirty-four percent rated Maryland’s overall business climate as neutral
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Fourteen percent rated Maryland’s overall business climate as either unfriendly or anti-business
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Overall perceptions of Maryland’s business climate have generally improved over 2018, with the percentage of responding firms viewing Maryland’s business climate favorably increasing from 49 percent in the pilot period to 52 percent in the fourth quarter and the percentage of responding firms with a negative view falling from 17 percent to 14 percent over the same period.
Figure 8: Perceptions of Maryland's Business Climate Over Time
When analyzing the business climate regionally:
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Fifty-nine percent of firms in the Washington suburbs had a positive view of the business climate
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Forty-nine percent of firms in the Baltimore metropolitan area had a positive view of the business climate
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Fifty-one percent of firms in Baltimore City had a positive view of the business climate while 24 percent had a negative view of the business climate
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Fifty-one percent of firms in the rest of Maryland had a positive view of the business climate
Figure 9: Regional View of Business Climate
