15 Major Employers in Maryland

Written By Nathan Jeon

Maryland's Power Players: A Look at Major Employers in the State

Maryland's economy thrives on a dynamic mix of industries, with several major employers driving its success. These companies not only provide essential products and services, but also create a wealth of job opportunities for Maryland residents. Let's explore some of the state's biggest names and their contributions:

1. Hospitality Leader: Marriott International

Photo by Michal Mrozek on Unsplash

Marriott International reigns supreme as Maryland's largest employer. This hospitality giant, headquartered in Bethesda, boasts a massive network of hotels and resorts under renowned brands like Marriott, Ritz-Carlton, and Courtyard by Marriott. Their global reach translates to a substantial workforce, making them a significant economic player in Maryland.

2. Defense Powerhouse: Lockheed Martin

Lockheed Martin Logo - website

  • Headquarters: Bethesda, Maryland

  • Employees: Approximately 50,000

  • Website: https://www.lockheedmartin.com/

  • Industry: Aerospace & Defense

  • Annual Revenue (2022): $66.5 billion

Another major employer with headquarters in Bethesda is Lockheed Martin. This world leader in aerospace and defense technology is known for its cutting-edge advancements and contributions to national security. With a workforce exceeding 50,000, Lockheed Martin significantly impacts Maryland's economy and technological development.

3. Healthcare Innovator: Johns Hopkins University and Johns Hopkins Hospital

Johns Hopkins University Homewood Campus

Photo by Colin Lloyd on Unsplash

  • Location: Baltimore, Maryland

  • Employees: Estimated at over 60,000 (combined)

  • Website (Johns Hopkins University): https://www.jhu.edu/

  • Website (Johns Hopkins Hospital): https://www.hopkinsmedicine.org/

  • Industry: Healthcare & Education

  • Johns Hopkins Hospital Revenue (2022): $8.9 billion (Johns Hopkins University financials not publicly available)

Johns Hopkins University and Johns Hopkins Hospital, located in Baltimore, Maryland, are a force to be reckoned with in the healthcare industry. This world-renowned institution not only provides exceptional patient care but also employs a vast number of individuals, including medical professionals, researchers, and administrative staff. Their combined workforce is estimated to be over 60,000, making them a major economic driver in Baltimore and a leader in medical advancements.

4. Financial Powerhouse: T. Rowe Price

Image from Getty Image

T. Rowe Price, a leading investment management firm, is another major Maryland employer with headquarters in Baltimore. Founded in 1937, they have grown into a global financial powerhouse, offering a wide range of investment services to individuals and institutions. Their presence strengthens Maryland's position in the financial services industry and provides valuable career opportunities for finance professionals.

5. Entrepreneurial Spirit: Under Armour

Under Armour Company

Photo by Henry & Co. on Unsplash

Under Armour, a Baltimore-based sportswear and footwear company, embodies Maryland's entrepreneurial spirit. This American success story, founded in 1996, has become a global brand known for its innovative athletic apparel. Their over 18,000 employees contribute to Maryland's manufacturing and retail sectors while inspiring future generations of entrepreneurs.

6. Tech Titan: Northrop Grumman Corporation

Image from Wikipedia

  • Headquarters: Falls Church, Virginia (Significant presence in Linthicum, Maryland)

  • Employees in Maryland: Over 20,000 (estimated)

  • Website: https://www.northropgrumman.com/

  • Industry: Aerospace & Defense

  • Annual Revenue (2022): $35.7 billion

While Northrop Grumman's headquarters are in Virginia, they have a massive footprint in Maryland, particularly in Linthicum. This leading aerospace and defense technology company employs over 20,000 people in the state, contributing significantly to Maryland's role in national security and technological innovation.

7. Logistics Giant: CEVA Logistics

  • Headquarters: Hoofddorp, Netherlands (North American Headquarters in Savage, Maryland)

  • Employees in Maryland: Over 10,000 (estimated)

  • Website: https://www.cevalogistics.com/en

  • Industry: Logistics & Supply Chain Management

  • Annual Revenue (2022): €17.9 billion (Approx. $19.2 billion)

CEVA Logistics, a global leader in supply chain management, has its North American headquarters in Savage, Maryland. They employ over 10,000 people in the state, playing a vital role in Maryland's logistics infrastructure and facilitating the movement of goods across the region and beyond.

8. Retail Leader: Giant Food

Photo by Tara Clark on Unsplash

  • Headquarters: Landover, Maryland

  • Employees: Over 20,000

  • Website: https://giantfood.com/

  • Industry: Retail (Grocery)

  • Annual Revenue (2022): Not publicly available (Privately Held Company)

Giant Food, a major grocery store chain in the Mid-Atlantic region, is headquartered in Landover, Maryland. They employ over 20,000 people in the state, providing essential goods and services to communities and contributing to Maryland's retail sector.

9. Biopharmaceutical Powerhouse: MedImmune

  • Headquarters: Gaithersburg, Maryland

  • Employees: Over 8,000

  • Website: https://www.astrazeneca.com/ (MedImmune is a subsidiary of AstraZeneca)

  • Industry: Pharmaceuticals & Biotechnology

  • Annual Revenue (2022): Not available (MedImmune financials not reported separately)

MedImmune, a global leader in biopharmaceutical development, is headquartered in Gaithersburg, Maryland. As a subsidiary of AstraZeneca, they play a vital role in Maryland's flourishing biotechnology industry and contribute to advancements in healthcare through research and development.

Maryland isn't just a hub for private businesses; it's also home to several crucial government agencies that play a significant role on the national stage. These agencies not only contribute to the state's economy but also have a profound impact on public health, safety, and scientific progress. Let's delve into some of Maryland's most prominent government employers:

10. Food and Drug Administration (FDA)

  • Location: Silver Spring, Maryland

  • Employees: Over 16,000

  • Website: https://www.fda.gov/

  • Industry: Government (Public Health)

The FDA is a household name, responsible for protecting public health by ensuring the safety and effectiveness of human and veterinary drugs, medical devices, food, cosmetics, and tobacco products. As the world's leading food and drug regulatory agency, the FDA employs over 16,000 people in Maryland, making it a significant economic driver and a center for scientific expertise.

11. National Institutes of Health (NIH)

  • Location: Bethesda, Maryland

  • Employees: Over 18,000

  • Website: https://www.nih.gov/

  • Industry: Government (Medical Research)

The NIH is at the forefront of medical research, conducting and supporting scientific studies that shape our understanding of disease and pave the way for new treatments. This world-renowned institution, located in Bethesda, Maryland, employs over 18,000 researchers, scientists, and support staff, making it a major contributor to Maryland's economy and a leader in medical advancements.

12. Centers for Medicare & Medicaid Services (CMS)

  • Location: Baltimore, Maryland

  • Employees: Over 5,300

  • Website: https://www.cms.gov/

  • Industry: Government (Healthcare)

The CMS plays a crucial role in the healthcare system, administering Medicare, Medicaid, and the Health Insurance Marketplaces. Located in Baltimore, Maryland, they employ over 5,300 individuals who work tirelessly to ensure millions of Americans have access to health insurance.

13. National Oceanic and Atmospheric Administration (NOAA)

  • Location: Multiple locations across Maryland (including Silver Spring)

  • Employees in Maryland: Over 4,000 (estimated)

  • Website: https://www.noaa.gov/

  • Industry: Government (Environmental Science)

NOAA, with a significant presence in Maryland, is a leading authority in environmental science. They monitor our oceans and atmosphere, conduct climate research, and provide weather forecasts. Their Maryland workforce, estimated at over 4,000, plays a vital role in protecting our environment and ensuring public safety.

14. National Security Agency (NSA)

  • Location: Fort Meade, Maryland

  • Employees: Exact numbers classified

  • Website: https://www.nsa.gov/

  • Industry: Government (National Security)

The NSA is a vital agency for national security, focusing on foreign intelligence and signals intelligence. Headquartered at Fort Meade, Maryland, the NSA employs a classified number of individuals who work to protect the nation from foreign threats.

15. Governmental Powerhouse: Social Security Administration (SSA)

  • Location: Multiple locations across Maryland

  • Employees: Over 30,000

  • Website: https://www.ssa.gov/

  • Industry: Government

  • Annual Budget (latest available): $1.1 trillion (The SSA doesn't generate revenue, but its budget reflects its economic impact)

The Social Security Administration, a vital government agency, plays a crucial role in Maryland's economy. With offices spread across the state, they employ over 30,000 people who ensure Americans receive their social security benefits. The SSA's presence contributes significantly to Maryland's economy and reflects the state's role in the federal government's infrastructure.

These are just a few examples of the many important government agencies that call Maryland home. The state's strong infrastructure and commitment to public service make it an ideal location for these agencies to fulfill their critical missions.

Maryland realtor Nathan Jeon. He can find your dreamed home in Maryland
Nathan Jeon
Previous

4 bedroom home for sale in Baltimore
Next

Owning Your Dream Home in Baltimore: When to Start House Hunting