Women in Maryland’s Economy: Why Progress Requires More Than Opportunity
Women are essential to Maryland’s economic future, but persistent barriers continue to limit their participation, advancement, and financial security. In this episode of the Executive Alliance Podcast, host Rebecca Snyder speaks with Maryland Comptroller Brooke Lierman and Dani DiPietro of the Comptroller’s Office about a new report examining women’s experiences in Maryland’s economy. Their conversation explores the realities behind the data, the challenges facing women entrepreneurs, and opportunities for policymakers and business leaders to create meaningful change.
Listen to the Executive Alliance Podcast on Spotify: https://open.spotify.com/show/033CPjpWSpbNiaBIlljxh1?si=56fdebfb23444ca2
Understanding the Economic Cost of Inequality
Women make up more than 51% of Maryland’s population. As Comptroller Brooke Lierman explains, the state cannot reach its full economic potential if women are unable to reach theirs. That understanding prompted the Comptroller’s Office to examine how women participate in Maryland’s economy and what continues to hold them back.
The report builds on earlier research into childcare, housing, immigration, and other factors shaping the state’s economic health. Rather than relying exclusively on statistics, the research team spoke with nearly 200 women through seven roundtable discussions across Maryland. For DiPietro, combining quantitative research with lived experience is essential: data identifies disparities, while conversations help explain why they persist.
The Participation Gap Is More Complicated Than It Appears
One central finding is an eight-percentage-point gap between men’s and women’s labor force participation in Maryland. That gap becomes much larger among certain groups: 32 percentage points among people with limited English proficiency, 23 among those without a high school diploma, and 21 among married adults with young children.
These differences suggest targeted responses rather than a single statewide solution. DiPietro highlighted English-language education, recognition of credentials earned abroad, career and technical education, flexible workplace policies, and paid family and medical leave. The goal is not to push every woman into the workforce; it is to remove barriers for women who want to work but cannot find opportunities that fit their circumstances.
When Entrepreneurship Becomes a Necessity
One of the conversation’s most revealing themes concerns women-owned businesses. Women have been starting businesses at a faster rate than men since the pandemic. On the surface, that sounds encouraging. But DiPietro cautions that the motivations deserve closer examination.
Some women pursue entrepreneurship because traditional workplaces have failed to provide advancement, flexibility, or stability. Others have experienced layoffs or discrimination. A roundtable participant described starting a business out of necessity because the workforce was not built for someone in her circumstances to get ahead.
Entrepreneurship can offer autonomy, but it also introduces risks. Women may sacrifice employer-sponsored health insurance, retirement benefits, and predictable income. Meanwhile, access to capital remains a substantial obstacle. DiPietro discussed evidence of lower loan approval rates and greater difficulty attracting investors, even among women with strong credit and repayment records.
These challenges influence the types of businesses women establish. Without adequate capital, women may be less able to enter capital-intensive industries with opportunities to scale. DiPietro noted that women are more likely to operate businesses without employees. Starting a business because an opportunity is compelling is different from starting one because other opportunities have disappeared.
Progress Requires Shared Responsibility
Despite the difficult findings, Lierman and DiPietro emphasized Maryland’s strengths. The state ranks among the top ten for women’s labor force participation and has one of the smaller gender wage gaps nationally. Yet those achievements do not eliminate the need for progress.
Lierman stressed that no single law can address every barrier. Government policy, public investment, corporate leadership, and individual action all have roles to play. She pointed to corporate board diversity reporting as an example of how transparency can encourage accountability, even when legislation does not directly determine who serves on boards.
For Executive Alliance, the conversation reinforces the importance of examining not only how women develop as leaders, but whether the systems surrounding them allow their leadership to flourish. Maryland has talented, educated, entrepreneurial women ready to contribute. The challenge is ensuring that economic structures support their ambitions rather than constrain their choices. The report provides a foundation; what happens next depends on leaders using its findings to turn understanding into action.
About the Guests
Brooke Lierman is Maryland’s Comptroller and the first woman elected to the position. She previously served in the Maryland General Assembly. In the podcast, she discusses the Comptroller’s Office’s efforts to use economic research to inform public policy and advance a more equitable, resilient, and prosperous Maryland. She also brings a personal perspective as a working mother and caregiver navigating many of the challenges discussed in the report.
Dani DiPietro helps lead policy research in the Maryland Comptroller’s Office, developing comprehensive reports about the state’s economic challenges and opportunities. Her work combines quantitative analysis with conversations involving Maryland residents and stakeholders. In the podcast, she describes research on housing, childcare, immigration, and women’s economic participation, emphasizing the value of connecting statewide data with lived experience to help policymakers understand barriers and identify possible solutions.
This blog post was written with the assistance of AI.
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