Foreign-Owned Firms
*Information regarding parent company countries is current as of 2006.
Examples of Recent Foreign Investments in Maryland:
- 13 new companies based across Europe and Asia have opened offices in Maryland since August 2008; this new investment is projected to create 150 jobs. Read more here.
- September 2007 - Deutsche Post (Germany) is investing $1.60 Mn in the city of Baltimore in the transportation sector in a logistics project, creating 30 jobs. DHL’s previous operations at the Baltimore/Washington International Airport have been enhanced with the opening of a new, $1.6 million on-airport facility. The new 18,663 sq.ft. facility will also handle additional routes and features additional load positions to accommodate more vehicles and volumes of freight.
- April 2007 - Intel-iguard (UK) is investing in the city of Rockville in the software & IT services sector in a sales, marketing & support project, creating 30 jobs.
- November 2006 - BP (UK) is investing $70 Mn in the city of Frederick in the alternative/renewable energy sector in a manufacturing project, creating 70 jobs.
In 2005, foreign-controlled companies employed 102,700 workers in Maryland. Major sources of Maryland's foreign investment in 2005 included the Netherlands, the United Kingdom, Germany, France, and Switzerland.
- Maryland is home to more than 550 foreign-owned firms.
- Investment by foreign-owned companies in Maryland is continuing to grow, climbing to $15 billion in 2007, up from $11.9 billion in 2005.
- An estimated 5.5 percent of the State’s private sector employment can be attributed to Maryland’s foreign-owned firms, ranking Maryland 17th in the nation in the number of those employed by U.S.subsidiaries, according to 2005 data.