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Major Markets
Maryland Department of Commerce
Virginia Economic Development Partnership (VEDP)
Maryland Department of Commerce
Strong focus on specific growth industries like biotechnology and cybersecurity
proactive business incentive programs
strategic location with access to federal agencies.
Potential competition from neighboring states for businesses
reliance on specific industry sectors
perception of higher cost of living compared to some other regions.
Further development of tech and life sciences clusters
attracting more international businesses
leveraging federal funding for infrastructure and workforce development.
Economic downturns impacting business investment
changes in federal contracting policies
talent migration to other regions.
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