The prospects for starting a business in Maryland are not great. The state ranks among the 10 worst states in terms of business tax climate, the report says. “What’s more, a much lower rate of new entrepreneurs began their business due to opportunity versus necessity.
“On the plus side, venture capital money flows heavily in Maryland. In 2018, 131 companies were funded a total of $1.37 billion, just under $10.5 million per company, by venture capital deals. Unfortunately, only 48.7 percent of businesses formed five years ago remain in operation today.”