Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1955-04-07
Doubling of State Business Seen
By University Research Group

Sales by most Maryland indus
tries and businesses should at
least double by 1875 according to
estimates published on March "a,
by the Bureau of Business and
Economic Research of the Univer-
sity of Maryland.
Under title of Estimating
Maryland Government and Bust
ness Potentials," growth estimates
are made for each industry in the
State as part of the bureaus con
tinuing research on the structure
and growth of the Maryland econ
omy.
For example, making certain as
sumptions concerning public and
private consumer purchases the
bureau estimates that as the re-
suit of increased military and CT
william purchases of aircraft, the
aircraft industry will grow, by
more than 700 percent in Mary
land by 1875.
AS a result of unprecedented eX.
pansion in residential and govern
mental construction, the stone
clay, and glass products industries
will expand by slightly more than
700 percent during this period.
Most other Maryland industries
will share in the continuing
growth of the economy. Those
whose sales will probably more
than double within the twenty
year period include mining, chem
icals, steel, automotive products
textiles, apparel, furniture, paper.
printing, petroleum and coal prod
uctS, nonferrous metls, machin-
cry, other manufacturing, public
utilities, the service industries,
transportation, and real estate
The sale of food products probab-
ly will increase within the State
by only 20 percent.
Through the use of a compre-
hensive "interindustry" type OF
analysis, the bureau shows how
the impact of an accelerated de
tense program could affect every
industry whether it received prime
contracts or not. Assuming an in.
creased defense program of $S5
million with specified orders
placed in Maryland for ships, air
craft, and automotive products, it
is shown. that an increase of SIZE
million of steel would be required
from Maryland producers alone.
In a second example the Bureau
shows how the same approach
may be used by public utilities
and other businesses to forecast
demand for their services. Under
the consumption estimates for
1875, Maryland public utility sales
will rise from S1564 million in
1947 to $4S6.0 million in 1875.
In order to make these methods
of analysis available for business
forecasting, the publication in
cludes the basic tables and des
criptions of methods which should
permit business men, market ana
lysts,' and others to use this tech
nique directly in their own oper
ations.
The study indicates the specific
purchasers and suppliers upon
which each Maryland industry
and business is dependent for its
existance. The tables included in
the study indicate and measure
the Importance of these relation
ships for each industry in Mary
: land, showing both sales and pur-
chases patterns for every econom
ic sector.
Recognizing the desire for eco
nomic growth and development in
many areas of the State of Mary
land, the bureau makes sugges
tons for the organization of a
selective development program.
Some industries may be termed
parasitic in that they require more
from the state in terms of services
than they return in the form OF
taxes. Some industries pay wages
insufficient to permit their work
ers to afford the type of housing
which returns taxes high enough
TO pay for the new schools and
other facilities required. The bu
reau proposes a scientific ap
proach to the selection of new in
dustr1es, both for the state and for
individual communities.
Becomes MP
Army Pfc. Frederick D. Brandt,