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Skip Navigation LinksChoose Maryland > Facts & Stats

economy

Small Business in Maryland


Employment size of enterprise


Companies


Employees

Annual Payroll ($1,000)

All firms

106,613

2,104,022

101,300,769

Fewer than 5 employees

61,417

104,067

4,346,789

5 to 9 employees

18,063

118,594

4,467,144

10 to 19 employees

11,454

152,413

6,071,107

20 to 99 employees

10,314

385,371

17,132,816

100 to 499 employees

2,656

318,103

15,104,865

500 employees or more

2,709

1,025,474

54,178,048

Source: U.S. Census Bureau, 2011 County Business Patterns.

Employer Firms
Fewer than 500 employees (SBA definition of a small business):

·    In Maryland, small businesses comprise 97.5% of all employers and employ 51.3% of the private sector workforce. 
o   Of the 106,613 employer firms, 103,904 have fewer than 500 employees.
o   
These firms employ employ more than one million workers (1,078,548).
o   These firms have an annual payroll of approximately $47.1 billion, 46.5% of the total payroll of employer firms in the state.

Nonemployer Business
No paid employees, and receipts of $1,000 or more:

·     Most nonemployers are self-employed sole proprietors operating unincorporated businesses.
·     In 2011 Maryland had 432,590 establishments without employees, approximately 80% of all firms.
·     Maryland nonemployer firms had sales of over $18.6 billion in 2011.
·     Largest sectors are professional, scientific and technical services (17%), other services (14%), health care (12%), real estate (11%) and construction (9%).

Microenterprises
Five or fewer people and a net worth of no more than $100,000 (Many microenterprises are sole proprietorships):

·     88% of small businesses in Maryland are microenterprises.

Business Ownership by Ethnicity and Gender (Includes all business sizes.)

According to the 2007 Economic Census on Minority- and Women-Owned Businesses:

·    164,253 firms are owned by minorities and 172,221 are owned by women.

  • 18,231 women-owned firms with payroll, employing 165,348 workers.
  • These same firms had sales of over $18.3 billion and a payroll of $5.4 billion.

·     102,130 African American businesses with total sales of $6.8 billion.

  • 5,247 firms with paid employees, employing 46,103 workers, sales of $4.6 billion, and payroll of $1.6 billion.
  • 96,884 firms with no paid employees had sales of $2.1 billion.

·     25,746 Hispanic American businesses with total sales of $4.4 billion.

  • 3,191 firms with paid employees, employing 25,541 workers, sales of $3.5 billion and payroll of $1.0 billion.
  • 22,555 firms with no paid employees had sales of $886 million.

·     35,981 Asian American businesses with total sales of $11.4 billion. 

  • 9,539 firms with paid employees, employing 71,892 workers, sales of $10.4 billion and payroll of $2.3 billion.
  • 26,442 firms with no paid employees had sales of $1.1 billion.

Source: U.S. Census Bureau, 2007 Survey of Business Owners.

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