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Starting Up: 5 Best States for Starting a Business

SmartMoney.com

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December 30, 2008
By Diana Ransom
(Page 4 of 6)

3) Maryland



Sharing the beltway with Washington, D.C., does more than tack a few extra minutes onto Marylanders' commutes. The state's proximity to the nation's capital also makes it a prime spot for such government agencies as the National Institutes of Health and the U.S. Food and Drug Administration. Employment opportunities in science and technology abound here — and so do the entrepreneurial possibilities. Many former government workers break away and start up businesses that cater to these larger organizations, says Kathy Snyder, president of the Maryland Chamber of Commerce. Another added bonus: Maryland's Technology Development Corporation provides incubation services and grant money for start-ups.


The State House of Annapolis, Md.


Next State: Delaware >>>

Last 5 Comments
Al Posted: 2:41 PM On June 20, 2009
I've been in the tax business over 20 years now, and recently one of my client's got nailed for $2 million in what amounts to extortion by NJ, I guess in keeping with it's mafia roots. The company had no physical presence there, but nevertheless, the state bullied them into a 'take it or leave it' proposition or face costly litigation. Great state to start a business, yeah right.
Chris Posted: 8:57 PM On December 30, 2008
Are you sure this list isn't inverted? The only state that makes sense is Washington. There is a great piece in the WSJ today pleading with Obama to look at New Jersey, and do exactly the opposite!
P.S. Virginia is far more business friendly and 'techie' than Maryland.
smmm Posted: 6:05 PM On December 30, 2008
I cannot believe there was any research for this article or any logical thought put into it. Why not talk about things that actually matter for start-ups such as low costs, low taxes, business-friendly environment, etc. I am a small business owner and while my home state of PA isn't particularly good, it is a better situation than any of the 'leaders'.
Cali Posted: 3:40 PM On December 30, 2008
Thanks for letting me know what states I should stay away from – did the dems put you up to this?
FairnessMan Posted: 3:05 PM On December 30, 2008
New Jersey? What the hell is this clown smoking. Highest property taxes, highest auto insurance, high income tax, 7% sales and the list goes on and on and on with no end in site. Ultra left wing, anti business governor, senators, most house members Also possibly the most Commie state with outrageous compensation for cops, teachers and other public parasites. Better to start a business in China.
what a laugh...you wish it were true Posted: 2:34 PM On December 30, 2008
not sure what it cost NJ or Maryland to get mentioned....great laugh for closing out the year....if one wants lots of government rules, hi taxes, and overall bureaucratic gridlock...I am sure these two can challenge California and NewYork for places to stay away from......wonder what the inbound busiess migration has been?....Must be all those folks moving up from sunbelt huh?
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