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2018 Maryland State Fact Sheet


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   Quick Facts:
  • In 2018, there were over 615 thousand businesses in Maryland, of which more than 255 thousand were minority-owned firms.

  • Minority-owned firms in Maryland employed over 178 thousand people in 2018.

  • Minority-owned firms represented 42.9% of all firms located in the state.

  • The number of minorityowned firms in Maryland increased 5.0% between 2017 and 2018.