There goes another one. Evonik Corporation will close its Maryland factory in Havre de Grace, and relocate its production of silica to South Carolina. The closure will eliminate 34 jobs, according to a filing the chemical firm submitted to the state on Wednesday. While the company explains its strategic move with buzzphrases like "economies of scale," there are several obvious reasons why the grass appears much greener in the Palmetto State if you are running a business enterprise.
Industrial electricity rates in South Carolina are 22% less than in Maryland. This is largely due to the forced closure of eight power plants by Maryland elected officials, who have also mandated the purchase of ever-increasing amounts of "clean power," such as solar or wind. In addition, the state has socked energy utility customers with an EmPOWER Maryland fee, that funds a Marxist program that subsidizes the purchase of energy efficient equipment by lower income customers. The end result is that Maryland now imports the majority of its electricity from out-of-state, naturally at greater cost than it had been provided from those shuttered in-state plants. Not to mention that Maryland ratepayers are now receiving record-high monthly power bills.
Maryland's corporate tax rate is 8.25%. South Carolina's is 5%. Doh!
Last year, Maryland Governor Wes Moore and the Democratic-controlled legislature established a 3% tech tax. By comparison, IT consulting, custom coding, and systems design are not taxed in South Carolina.
Finally, Maryland’s average annual pay for chemical engineers is approximately $121,012 to $140,708. In Charleston, the average is roughly $93,975 to $128,000, according to Indeed.com.
Heckuva job, Brownie!










