Maryland Is 2023’s 4th Most Innovative State, According to Study

by MCS Staff

With the U.S. spending over $600 billion per year on R&D, the personal-finance website WalletHub today released its report on 2023’s Most & Least Innovative States, with Maryland coming in 4th in the nation. In order to give credit to the states that have contributed the most to America’s innovative success, WalletHub compared the 50 states and the District of Columbia across 22 key metrics. The data set ranges from share of STEM professionals to R&D spending per capita.

Innovation in Maryland (1=Most Innovative, 25=Avg.):

  • 3rd – Share of STEM Professionals
  • 1st – Projected STEM-Job Demand by 2030
  • 3rd – Share of Science & Engineering Graduates Aged 25+
  • 4th – Share of Technology Companies
  • 5th – R&D Spending per Capita
  • 21st – Venture-Capital Funding per Capita

For the full report, please visit:


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1 comment

Craig Washington March 23, 2023 - 9:02 am

Yet Annapolis and MoCo fail at capitalizing on these great stats, transforming them into high-paying jobs, AND attracting businesses to plant their HQs here. Need a primer on how to do that? Contact VA Gov Youngkin’s Economic Development Office or the Fairfax, Arlington and Loudoun county Exec offices.


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