Let me summarize some of its accomplishments: Since January 1,
1960, the Department of Economic Development has played a primary
or secondary role in attracting eight new manufacturing plants to Mary-
land. In so doing, it has created 2, 000 new jobs, representing new pay-
rolls of $7, 000, 000 annually. The capital investment of these plants ex-
ceeds $6, 800, 000. Secondary jobs, of a professional and service nature,
created by this increased employment and investment will probably
total 1, 500, with additional payrolls of more than $4, 500, 000 annually.
Now, these figures may not seem too impressive when compared with the
overall statistics on employment, investment and annual payroll. But I
would point out that our economic development program is new, in
fact, is just beginning to produce results. In this connection, I would
point out that Maryland was the last of 50 states to staff and organize
an agency for economic development.

Currently, the Department is working on ten prospective out-of-state
industrial investors, with reasonable expectations of success in bringing
at least some of them here. One of them I think I may say, is a manufac-
turer with a major nationwide reputation. It is the largest single em-
ployer with which the Agency has worked. It plans to build a $4 mil-
lion plant, employing within the next few years, 1, 000 persons. Quite
naturally, we are using all of our resources of persuasion to obtain this
plant and all the others which are searching for a location.

The impact of these new industries, particularly upon a smaller com-
munity suffering from economic adversity of one kind or another, can be
tremendous. For example, the story was told to me the other day that
a new small industry, establishing itself in one of our small cities, brought
in 26 executives with their families. In a single day, they purchased 26
houses. The entire community, you may be assured, felt this. Let us
think a bit about travel and tourism, which I think we all must confess
has been until recently a much neglected field of endeavor in our State.

Now, Americans are, as we know, by far the most travel-minded
people in the world. The American Automobile Association reported
recently that we are spending $25 billion annually for vacation travels
in this country. Tourism, thus, is by any reckoning one of the major
industries of the United States. It is estimated that tourism generates
more income than the combined receipts of agriculture, seafood and
forestry industries. The American Automobile Association estimated
that a couple traveling modestly spends $29 a day. And so, by attracting
only 250, 000 out-of-state tourists a year, our State stands to gain $7^4
million dollars of business. Since November 1, 1960, the Department of
Economic Development has printed approximately % million pieces of

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