Maryland
From Wikinvestor
Maryland is a state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia and the District of Columbia to the south and west, Pennsylvania to the north, and Delaware to the east. Historically it was part of the Chesapeake Colonies where planters cultivated tobacco as a cash crop dependent on slave labor. It is comparable in size to the European country of Belgium. According to the U.S. Census Bureau, Maryland has the highest median household income of any state at $68,080 in 2007, overtaking New Jersey in 2006.
It was the seventh state to ratify the United States Constitution and bears two nicknames, the Old Line State and the Free State. Its history as a border state has led it to exhibit characteristics of both the Northern and Southern regions of the United States. Generally, rural Western Maryland resembles West Virginia and Western Pennsylvania,[citation needed] the Southern and Eastern Shore regions of Maryland emulate a Southern culture, while densely-populated Central Maryland—radiating outward from Baltimore and the Washington Beltway—exhibits characteristics of the Northeast.
Maryland is a life sciences hub with over 350 biotechnology firms, making it the third-largest such cluster in the nation. Institutions and agencies located throughout Maryland include the University System of Maryland, The Johns Hopkins University, Howard Hughes Medical Institute, Celera Genomics, Human Genome Sciences (HGS), the J. Craig Venter Institute (JCVI), the Food and Drug Administration (FDA), MedImmune (recently purchased by AstraZeneca), the National Institutes of Health (NIH), and the National Institute of Standards and Technology (NIST).
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Geography
Maryland possesses a great variety of topography, hence its nickname, "America in Miniature."[11] It ranges from sandy dunes dotted with seagrass in the east, to low marshlands teeming with water snakes and large bald cypress near the bay, to gently rolling hills of oak forest in the Piedmont Region, and mountain pine groves in the west. Tidal wetlands of the Chesapeake Bay, largest freshwater estuary in the world and the largest physical feature in Maryland.
Maryland is bounded on the north by Pennsylvania, on the west by West Virginia, on the east by Delaware and the Atlantic Ocean, and on the south, across the Potomac River, by West Virginia and Virginia. The mid-portion of this border is interrupted on the Maryland side by Washington, DC, which sits on land that was originally part of Maryland. The Chesapeake Bay nearly bisects the state, and the counties east of the bay are known collectively as the Eastern Shore. Most of the state's waterways are part of the Chesapeake Bay watershed, with the exceptions of a portion of Garrett County (drained by the Youghiogheny River as part of the watershed of the Mississippi River), the eastern half of Worcester County (which drains into Maryland's Atlantic coastal bays), and a small portion of the state's northeast corner (which drains into the Delaware River watershed). So prominent is the Chesapeake in Maryland's geography and economic life that there has been periodic agitation to change the state's official nickname to the "Bay State," a name currently used by Massachusetts.
The highest point in Maryland is Hoye Crest on Backbone Mountain, in the southwest corner of Garrett County, near the border with West Virginia and near the headwaters of the North Branch of the Potomac River. Maryland's only ski area, Wisp, is located close to Backbone Mountain. Close to the small town of Hancock, in western Maryland, about two-thirds of the way across the state, the state is only about 1-mile (2 km) wide. This geographical curiosity makes Maryland the narrowest state, bordered by the Mason-Dixon Line to the north, and the north-arching Potomac River to the south. Maryland state welcome sign
Portions of Maryland are included in various official and unofficial geographic regions. For example, the Delmarva Peninsula comprises the Eastern Shore counties of Maryland, the entire State of Delaware, and the two counties that make up the Eastern Shore of Virginia, while the westernmost counties of Maryland are considered part of Appalachia. Much of the Baltimore–Washington corridor lies just south of the piedmont in the Coastal Plain, though it straddles the border between the two regions.
A quirk of Maryland's geography is that the state contains no natural lakes. During the last Ice Age, glaciers did not reach as far south as Maryland, and therefore did not carve out deep natural lakes as exist in northern states. There are numerous man-made lakes, the largest being Deep Creek Lake, a reservoir in Garrett County. The lack of glacial history also accounts for Maryland's soil, which is more sandy and muddy than the rocky soils of New England.
Climate
Maryland has wide array of climates for a state of its size. It depends on numerous variables, such as proximity to water, elevation, and protection from colder weather due to downslope winds.
The eastern half of Maryland lies on the Atlantic Coastal Plain, with very flat topography and very sandy or muddy soil. This region has a humid subtropical climate, with hot, humid summers and a short, mild to cool winter. This region includes the cities of Salisbury, Annapolis, Ocean City, and southern and eastern greater Baltimore. Sunset over a marsh at Cardinal Cove, on the Patuxent River.
Beyond this region lies the Piedmont which lies in the transition between the humid subtropical climate zone and the subtropical highland zone (Köppen Cfb), with hot, humid summers and cool winters where average annual snowfall exceeds 20 inches and temperatures below 10°F are annual occurrences. This region includes Frederick, Hagerstown, Westminster, Gaithersburg and northern and western greater Baltimore.
Extreme western Maryland, in the higher elevations of Allegany County and Garrett County lie completely in the subtropical highland (Köppen Cfb) due to elevation (more typical of the Appalachian mountain region) with milder summers and cool, often snowy winters.
Precipitation in the state is very generous, as it is on most of the East Coast. Annual rainfall ranges from 40 to 45 inches (1000 to 1150 mm) in virtually every part of the state, falling very evenly. Nearly every part of Maryland receives 3.5–4.5 inches (95–110 mm) per month of precipitation. Snowfall varies from 9 inches (23 cm) in the coastal areas to over 100 inches (250 cm) a winter in the western mountains of the state.
Because of its location near the Atlantic Coast, Maryland is somewhat vulnerable to tropical cyclones, although the Delmarva Peninsula, and the outer banks of North Carolina to the south provide a large buffer, such that a strike from a major hurricane (category 3 or above) is not very likely. More often, Maryland might get the remnants of a tropical system which has already come ashore and released most of its energy. Maryland averages around 30–40 days of thunderstorms a year, and averages around six tornado strikes annually.
Demographics
As of 2006, Maryland has an estimated population of 5,615,727, which is an increase of 26,128, or 0.5%, from the prior year and an increase of 319,221, or 6.0%, since the year 2000. This includes a natural increase since the last census of 189,158 people (that is 464,251 births minus 275,093 deaths) and an increase due to net migration of 116,713 people into the state. Immigration from outside the United States resulted in a net increase of 129,730 people, and migration within the country produced a net loss of 13,017 people. One of my friends recommended me to order custom writing on EssaysProfessors.Com. To tell you the truth, I have never regretted my decision. The writers are real professionals and know how to write impressive work full of knowledgeable information.
In 2006, 645,744 were counted as foreign born, which represents mainly people from Latin America and Asia. About 4.0% are undocumented (illegal) immigrants. Maryland also has a large Korean American population. In fact, 1.7% are Korean, while as a whole, almost 6.0% are Asian.
Most of the population of Maryland lives in the central region of the state, in the Baltimore Metropolitan Area and Washington Metropolitan Area, both of which are part of the Baltimore-Washington Metropolitan Area. The Eastern Shore is less populous and more rural, as are the counties of western and southern Maryland.
The two counties of Western Maryland, Allegany and Garrett, are mountainous and sparsely populated, resembling West Virginia more than they do the rest of Maryland.
The center of population of Maryland is located on the county line between Anne Arundel County and Howard County, in the unincorporated town of Jessup.
Economy
The Bureau of Economic Analysis estimates that Maryland's gross state product in 2006 was US$257 billion.[40] According to the U.S. Census Bureau, Maryland households are currently the wealthiest in the country, with a median household income of $68,080[2] which puts it ahead of New Jersey and Connecticut, which are second and third respectively. Two of Maryland's counties, Howard and Montgomery, are the third and seventh wealthiest counties in the nation respectively. Also, the state's poverty rate of 7.8% is the lowest in the country.[41][42][43] Per capita personal income in 2006 was US$43,500, 5th in the nation. Average household income in 2002 was US$53,043, also 5th in the nation.
Maryland's economic activity is strongly concentrated in the tertiary service sector, and this sector, in turn, is strongly influenced by location. One major service activity is transportation, centered around the Port of Baltimore and its related rail and trucking access. The port ranked 10th in the U.S. by tonnage in 2002 (Source: U.S. Army Corps of Engineers, "Waterborne Commerce Statistics"). Although the port handles a wide variety of products, the most typical imports are raw materials and bulk commodities, such as iron ore, petroleum, sugar, and fertilizers, often distributed to the relatively close manufacturing centers of the inland Midwest via good overland transportation. The port also receives several different brands of imported motor vehicles and is the number two auto port in the U.S.
A second service activity takes advantage of the close location of the center of government in Washington, D.C. and emphasizes technical and administrative tasks for the defense/aerospace industry and bio-research laboratories, as well as staffing of satellite government headquarters in the suburban or exurban Baltimore/Washington area. In addition, many educational and medical research institutions are located in the state. In fact, the various components of Johns Hopkins University and its medical research facilities are now the largest single employer in the Baltimore area. Altogether, white collar technical and administrative workers comprise 25% of Maryland's labor force, one of the highest state percentages in the country.
Maryland has a large food-production sector. A large component of this is commercial fishing, centered in Chesapeake Bay, but also including activity off the short Atlantic seacoast. The largest catches by species are the blue crab, oysters, striped bass, and menhaden. The Bay also has uncounted millions of overwintering waterfowl in its many wildlife refuges. While not, strictly speaking, a commercial food resource, the waterfowl support a tourism sector of sportsmen. Agriculture is an important part of the state's economy.
Maryland has large areas of fertile agricultural land in its coastal and Piedmont zones, although this land use is being encroached upon by urbanization. Agriculture is oriented to dairying (especially in foothill and piedmont areas) for nearby large city milksheads plus specialty perishable horticulture crops, such as cucumbers, watermelons, sweet corn, tomatoes, muskmelons, squash, and peas (Source:USDA Crop Profiles). In addition, the southern counties of the western shoreline of Chesapeake Bay are warm enough to support a tobacco cash crop zone, which has existed since early Colonial times but declined greatly after a state government buyout in the 1990s. There is also a large automated chicken-farming sector in the state's southeastern part; Salisbury is home to Perdue Farms. Maryland's food-processing plants are the most significant type of manufacturing by value in the state.
Manufacturing, while large in dollar value, is highly diversified with no sub-sector contributing over 20% of the total. Typical forms of manufacturing include electronics, computer equipment, and chemicals. The once mighty primary metals sub-sector, which at one time included what was then the largest steel factory in the world at Sparrows Point, still exists, but is pressed with foreign competition, bankruptcies, and company mergers. During World War II the Glenn L. Martin Company (now part of Lockheed Martin) airplane factory near Essex, MD employed some 40,000 people.
Mining other than construction materials is virtually limited to coal, which is located in the mountainous western part of the state. The brownstone quarries in the east, which gave Baltimore and Washington much of their characteristic architecture in the mid-1800s, were once a predominant natural resource. Historically, there used to be small gold-mining operations in Maryland, some surprisingly near Washington, but these no longer exist.
Maryland imposes 5 income tax brackets, ranging from 2% to 6.25% of personal income. The city of Baltimore and Maryland's 23 counties levy local "piggyback" income taxes at rates between 1.25% and 3.2% of Maryland taxable income. Local officials set the rates and the revenue is returned to the local governments quarterly. The top income tax bracket of 9.45% is the fifth highest combined state and local income tax rates in the country, behind only New York City's 11.35%, California’s 10.3%, Rhode Island’s 9.9%, and Vermont’s 9.5%. Maryland's state sales tax is 6%. All real property in Maryland is subject to the property tax. Generally, properties that are owned and used by religious, charitable, or educational organizations or property owned by the federal, state or local governments are exempt. Property tax rates vary widely. No restrictions or limitations on property taxes are imposed by the state, meaning cities and counties can set tax rates at the level they deem necessary to fund governmental services. These rates can increase, decrease or remain the same from year to year. If the proposed tax rate increases the total property tax revenues, the governing body must advertise that fact and hold a public hearing on the new tax rate. This is called the Constant Yield Tax Rate process.
Baltimore City is the eighth largest port in the nation, and was at the center of the February 2006 controversy over the Dubai Ports World deal because it was considered to be of such strategic importance. The state as a whole is heavily industrialized, with a booming economy and influential technology centers. Its computer industries are some of the most sophisticated in the United States, and the federal government has invested heavily in the area. Maryland is home to several large military bases and scores of high level government jobs.
