The 10 Best States To Do Business In

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No. 5: Maryland

Solution Provider 500 Companies: 23

Maryland is in the top five states despite being ranked No. 47 for its high labor and business costs, behind only Massachusetts, Rhode Island and New York. But then you're paying for a workforce that's ranked No. 2 for its level of education and experience. (It's second only to Massachusetts in the percentage of the adult population with a bachelor's degree or higher, and second only to Virginia for its information technology jobs rank.) Maryland also impresses with its scores for overall innovation and growth (No. 5) and overall business opportunity (No. 10). Its No. 29 rank for taxes and regulation is a bit unattractive -- but it's very competitive against states like Massachusetts and California. Interesting fact: Maryland has the highest median household income at $70,004

Maryland has five solution providers on CRN's Tech Elite 250, two on the Fast Growth 100 and 50 Up-And-Comers, and six on the Next-Gen 250 list.

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