Regional Economy
Economic System
The market of the Lower Eastern Shore remains rooted in the abundant natural resources that have sustained its people for centuries but a new wave of investment is reshaping the landscape and bringing the local economy fullspeed into the 21st Century.
SWOT Analysis
Performance Review
In pursuit of perfection we've performed an exhausting review of assets and opportunities, strengthening our strategic planning and growing economic opportunities.
- Natural Resources
- Cost of Living
- Proximity to Major Markets
- Cultural Events
- Community Involvement Programs
- Higher Education Offerings
- Regional Cooperation
- Agribusiness
- Quality‐of‐life
- Sense of Community
- Moderate Climate
- Innovative Healthcare
- Tourism
The Lower Eastern Shore CEDS was developed to address regional priorities and needs. Consideration was given to priorities at the state, county, and local level that impact the Lower Eastern Shore.
Industry Summaries
Sector Reviews
Entrenched in established business and yet, each year, the Lower Shore continues to grow increasingly diversified.
- Resource Based IndustriesAgriculture, Forestry, Fishing, & Hunting
- Utilities and Information TechnologyEnergy & Technology
- Heavy IndustriesConstruction, Manufacturing, Transportation, and Warehousing
- Tourism and LeisureAccommodation and Food Services, Arts, Entertainment, and Recreation
- FIREFinance, Insurance, Real Estate
- ServicesProfessional, Scientific and Technical services; Management of Companies and Enterprises; Administrative and Support Services; Waste Management and Remediation Services
- TradeWholesale and Retail
- Government and NonprofitEducation, Healthcare, and Social Assistance
Economic Clusters
Primary Drivers
Four established sectors serve as economic cornerstones upon which new, emerging, fields now grow.
Agriculture
Health Care
Manufacturing
TourismOpportunity Zones
Prioritized Growth
Incentivized investment in dedicated regions throughout the Lower Shore provide one-off business opportunities that strengthen communities and grows commerce.
- Strategically assigned census tracts launch investment with tax benefits thanks to massive government backing.
- Unique communities within qualified regions provide opportunities to tailor new investments.
- A number of approved investment vehicles facilitate growth that would otherwise be prohibitive.