Did you know: Maryland is business friendly for women
According to the U.S. Department of Commerce, the State ranks first in the percentage of women-owned firms as a share of all firms, 32.6 percent; and sixth in the percent of women-owned firms with employees, 7.4 percent.
These female business owners and entrepreneurs have several business resources available through the Maryland Department of Business and Economic Development. Among the most valuable is the Small, Minority and Women-Owned Business Loan Fund, funded with 1.5 percent of video lottery terminal revenue from Maryland casinos. Since it began operating in 2013, the program has approved 77 loans totaling $7.8 million.
A recent study also found that the number of women in board rooms across the State is growing. The Network 2000 Inc.’s 2014 Census of Women Board Directors in Maryland shows that women filled 86 board of director positions in 2013, up from 73 in 2012.
The study also found that the number of Maryland companies with women holding 20 percent or more of their board seats increased from 15 to 18 in 2013, including the following:
- Adams Express Company
- Chindex International
- CIENA Corp.
- Federal Realty Investment Trust
- First United Corporation
- Hamilton Bancorp, Inc.
- Hannon Armstrong Sustainable Infrastructure Capital, Inc.
- Host Hotels & Resorts, Inc.
- Lockheed Martin Corporation
- Medifast, Inc.
- Northwest Biotherapeutics, Inc.
- OBA Financial Services, Inc.
- Pebblebrook Hotel Trust
- Petroleum & Resources Corporation
- Sandy Spring Bancorp
- Sucampo Pharmaceuticals, Inc.
- Synutra International, Inc.
- W. R. Grace & Co.