Yesterday, I blogged about the O'Malley administration beginning to embrace the business community. Today, I will expand on areas where the state leads and where we lag related to our competitiveness. This information is based on a presentation to the Maryland Chamber of Commerce last week. Maryland leads other states in workforce quality, access to capital, quality of life, fiscal stability and economic performance. Where we lag would include high labor costs, a greater tax burden, commercial energy costs that are higher than most (Maryland ranks 40th), an unfriendly liability and regulatory environment, 50th in mean travel time to work and 44th in cost of living. Governor O'Malley's new focus on bringing and retaining businesses in Maryland is both welcomed and critical to our future.
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