The year-end job creation numbers from the United States Bureau of Labor Statistics are a total humiliation again for the state of Maryland, and Montgomery County. Our rival across the Potomac River, Virginia, created twice as many jobs as Maryland in 2024. Virginia added 76,900 jobs last year, while Maryland created a paltry 38,400 jobs by comparison. In the closing month of December 2024, Virginia added 4,900 new jobs, while Maryland added a laughable 200. That's a 2 with only two zeros after it.
“Virginia’s labor market continues to demonstrate resilience and growth, with a strong increase in nonfarm payrolls, a growing labor force, and low unemployment,” Virginia Governor Glenn Youngkin (R) said in a statement. “Our commitment to business-friendly policies, reducing costs, and fostering innovation has created an environment where both Virginia companies and Virginians can thrive.”
Virginia was named America's top state for business in 2024 by both
CNBC and
Business Facilities magazine. The latter is a professional journal covering the topic of corporate headquarters relocation. While the Old Dominion has added multiple major and Fortune 500 corporate HQs this century, Maryland was a loser in all of those competitions. Among those choosing Virginia over Maryland were Northrop Grumman, Nestle, Intelsat, Lidl, Gerber, Volkswagen, Amazon, and Hilton Hotels. Here in Montgomery County alone, our elected officials have failed to attract a single major corporate headquarters in over 25 years.
Who can forget the Montgomery County Council laser-focusing on a bill to ban circus animals on the very day that Discovery Communications was sealing the deal with two other states to move their HQ from MoCo to their cities? Or the Council canceling the biggest transportation project in White Flint on the very day that Amazon representatives were touring that area during their HQ2 search, which we lost to...Virginia? Scrapping your biggest transportation project the same day that a logistics-obsessed firm like Amazon is visiting: Sheer genius! Heckuva job, Brownie!
While Maryland Governor Wes Moore (D) is promising higher taxes and fees, and a 75-cent charge on every Amazon and food delivery order, Youngkin is asking the Virginia legislature to cut taxes on his constituents and businesses. Virginia has made major investments in new transportation infrastructure and site development, all while keeping taxes lower than Maryland.
Maryland elected officials, by contrast, have blocked every meaningful congestion relief project, and have directed Maryland State Highway Administration officials to
increase congestion by placing absurdly-low speed limits on major commuting state highways. They've even ordered MDSHA to
remove vehicle lanes from many of those highways, including Old Georgetown Road, Georgia Avenue, and University Boulevard in Montgomery County alone.
Rather than invest in site development for corporate campuses, and high-wage research and manufacturing facilities, MoCo and Maryland leaders have instead turned such valuable land over to their developer sugar daddies for new stack-and-pack residential housing. Taxes? Nobody in the region pays more than Montgomery County taxpayers.
Given the history of Virginia decimating Maryland in job creation this century, the only surprising thing about the 2024 numbers is that yet another historic drubbing of Montgomery County and Maryland officials is not being covered by the local media. Failure and incompetence are never brought to busy voters' attention. We can still enjoy the irony that Montgomery County's international business trips are - bizarrely - most often to Communist countries like China and Cuba, but that failures in policy and economic growth of the magnitude we find in Maryland often result in removal, or even jail, in those nations.
