Looking to relocate or expand your headquarters, claims processing center, or other back-office or shared services center? Then it’s time to look at Maryland. We’re confident that the closer you look, the more you’ll like what Maryland has to offer:
Global Reach, Local Access

What’s the strategic advantage of a Maryland location? In a word, ACCESS . To customers. To competitors. To potential partners. And to the rest of the world.

Located roughly halfway between Boston and Atlanta, London and Los Angeles, Maryland’s mid-Atlantic location provides access and proximity to key domestic and international consumer and financial centers, as well as other access advantages, such as:

• High-speed train access to Philadelphia and New York, with travel time to New York City—downtown Baltimore to downtown Manhattan—just two and a half hours on the Acela
• Adjacent to Washington, D.C., with easy proximity to key industry regulators and national lobbying associations
• Three international airports within an hour’s drive and 7 regional airports throughout Maryland serving corporate needs

 
A Maryland location also provides access to a stable and secure business infrastructure:

• A separate power grid from New York, and thus an ideal spot for secure back-office operations
• Abundant accredited SCIF (Sensitive Compartmented Information Facility) real estate
• Redundant, fiber-rich communications network from Verizon valued at $5.5 billion, including SONET ring technology to ensure the integrity of sensitive communication

Strength and Numbers

They say success breeds success. Maybe that’s why Maryland, while already home to a number of insurance industry leaders, continues to attract established businesses and entrepreneurs to the area.

Take advantage of Maryland’s location to network with the industry’s leaders and innovators, and ultimately find new business, right in your own backyard—just like some of the insurance businesses that currently call Maryland home: Aegon USA, Baltimore Life, CareFirst, Coventry Health Care, GEICO, Kaiser Foundation Health Plan, Monumental Life, and ULLICO.


An Exceptional (and Growing) Workforce

Companies in Maryland can easily find "high-tech" talent; the state:

• First ranked among U.S. states in the percentage of professional and technical workers (25.7%)
  in the workforce
• First among the states in percentage of population 25 or older with a graduate or professional
  degree (15.7%).  
• Second among the states in percentage of population 25 or older with a bachelor's degree or
  higher (35.1%)
• 325,000 students enrolled in 61 accredited institutions of higher education statewide 
• In a ranking of MBA programs, the Robert H. Smith School of Business at the University of Maryland
  College Park ranks 17^th among top public institutions in the U.S., 17th among U.S. schools overall, and 30th worldwide.   It also ranks fifth in the world in research. (Source: The Financial Times)

A Business-Friendly Environment

Years of close coordination between the public and private sectors have helped Maryland formulate and execute a strategic plan to effectively support the formation, expansion and growth of insurance businesses.

Maryland’s business climate is business friendly—with a corporate rate that is lower than New Jersey, Pennsylvania, and Massachusetts—and is notable for the taxes companies do not pay:

• No gross receipts tax on businesses
• No corporate franchise tax
• No state inventory tax
• No separate school taxes or township taxes
• No tax on intangible property

Contact the MD Business Development team at 410-767-6870 to learn more about Maryland's confidential site selection services for growing businesses.