New Businesses Making Waves In Maryland In 2020

MARYLAND — The state's business sector has been booming and enjoyed significant growth in 2019 with even more exciting prospects unfolding in 2020. For example, in 2019, businesses collectively added 27,600 jobs, according to the Maryland Department of Commerce: Northrop Grumman, an American global aerospace and defense technology company, added 175 new jobs; Smithfield Foods, a meat processing company based in Virginia, created more than 200 new jobs; and Stripe, Inc., a technology company, generated 200 new jobs.

Other economic initiatives rolled out in 2019 included Floor & Decor, a specialty retailer of hard surface flooring and related accessories, opening a distribution center, Volvo, a vehicle manufacturer, invested $43 million in its business and Amazon, an e-commerce mecca company, opened a fulfillment center. Phillips Foods, Inc., a seafood company, announced in September that it would begin producing soup once again in Maryland for the first time in seven years. The company shared that it also would begin producing grocery products at the Maryland site in Baltimore County.

"2019 brought tremendous job growth and Maryland's lowest unemployment rate in over a decade. We expect to build on this progress in 2020 and anticipate continued growth in key industry sectors such as cybersecurity, biotechnology, manufacturing and logistics," Daniel Leaderman with the state department of commerce told Patch.

Looking ahead to 2020, the Maryland Department of Commerce shared that even more initiatives are underway. Helm Services, an IT firm, will have a total of 200 jobs landing in Baltimore City. Kite Pharma, a biopharmaceutical company, plans to add hundreds of jobs in Frederick County.

GlaxoSmithKline, a multinational pharmaceutical company, plans a $139 million expansion and Kite Pharma, a subsidiary of Gilead Sciences, develops cancer immunotherapy products, and will be opening a manufacturing facility. Volkswagen will be building a manufacturing facility and Autolus, a leader in T cell programming technologies, has plans to open U.S. headquarters. Great Wolf Lodge, the resort with an indoor water park, has unveiled plans for a $200 million resort and Kaiser Permanente, an integrated managed care consortium, has indicated it will be investing $247 million back into the company.

See More:

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