Global EIM leader in Gaithersburg

OpenText delivers cloud-based information management and AI advanced technologies to power smart businesses, helping to ensure data and knowledge is accurate, accessible, and secure to drive organizations forward. OpenText— Canada’s largest software company and one of the most successful software and services companies in the world — employs nearly 25,000 employees globally, including over 7,000 employees in the U.S. and 300 Marylanders in or around Gaithersburg. Gaithersburg is the hub for the OpenText U.S. Public Sector Group, as well as their cloud services hub, who help manage 125,000 customers worldwide, including 98 of the top 100 global companies, along with 1 million connected trading partners and 11 million public cloud users.

IKO expands in Western Maryland

IKO, a Toronto-based global roofing and building materials manufacturer, held the grand opening of its new, state-of-the-art production facility in Hagerstown in May 2022. The 500,000-square-foot facility is a combination manufacturing site and warehouse and is the company’s first Thermoplastic Polyolefin (TPO) manufacturing facility anywhere in North America, and its first new facility in the northeastern United States since IKO expanded to the U.S. in 1981. (IKO is also active in Texas, Washington, Illinois and Alabama.) IKO cited Maryland’s strategic location and proven workforce in the decision.

Canada invests in Maryland

Exports to Canada support 17,200 employees in Maryland in addition to the 9,500 employees at Canadian-owned businesses across the state. Maryland exports $3.5 billion in goods and services to Canada.

Canadian-owned companies, including Sunrise Senior Living, Carrols Corporation, American Hotel Income Properties and Airboss of America, are major contributors to Maryland’s economy. They employ residents in every sector and contribute to the local economy by paying salaries and local taxes and purchasing goods and services in their supply chain.

Maryland exports $2.2 billion in goods to Canada annually
Maryland exports to Canada by industry

• Agriculture: 6%
• Chemicals: 13%
• Equipment & machinery: 35%
• Forest products: 9%
• Minerals & metals: 11%
• Plastics & rubbers: 3%
• Transportation: 17%
• Other: 6%

Top Maryland goods exports to Canada

• Tractors: $221 million
• Books & printed material: $104 million
• Agricultural machinery: $83 million
• Aluminum & aluminum articles: $69 million
• Optical, medical & precision instruments: $67 million
• Hoists, derricks & lifting equipment: $61 million
• Pharmaceutical products: $60 million
• Plastics & plastic articles: $55 million
• Paper & paperboard: $53 million
• Furniture & bedding: $51 million

Maryland exports $1.3 billion in services to Canada annually
Top Maryland services exports to Canada

• Business services: $425 million
• Travel (including for education): $383 million
• Charges for the use of intellectual property: $318 million
• Financial services: $86 million
• Insurance services: $41 million

Maryland imports $2.8 billion in goods from Canada annually
Maryland imports from Canada by industry

• Agriculture: 18%
• Chemicals: 7%
• Energy: 3%
• Equipment & machinery: 16%
• Forest products: 12%
• Minerals & metals: 26%
• Plastics & rubbers: 6%
• Transportation: 4%
• Other: 8%

Top Maryland goods imports from Canada

• Aluminum & aluminum articles: $445 million
• Pasta, breads & cereal preparations: $123 million
• Softwood lumber: $117 million
• Wood & semi-finished wood products: $114 million
• Nickel & nickel articles: $106 million
• Plastics & plastic articles: $105 million
• Furniture & bedding: $103 million
• Heating, cooling & refrigeration equipment: $99 million
• Petroleum coke & bitumen: $80 million
• Vegetables: $74 million