Xometry Founder Randy Altschuler Launches Maryland Cost Fight After Building $1 Billion Company
Updated
Updated · citybiz · Jul 16
Xometry Founder Randy Altschuler Launches Maryland Cost Fight After Building $1 Billion Company
3 articles · Updated · citybiz · Jul 16
Summary
Randy Altschuler has launched the Maryland Affordability Project, a nonpartisan grassroots group targeting rising costs for residents, employers and small businesses across the state.
July 1 marked Altschuler’s step-down as Xometry CEO, and he said the new effort grew from fears that higher taxes, electricity bills, housing prices and business costs are hurting Maryland’s competitiveness.
MAP plans research-based scorecards comparing Maryland with other states, community forums and policy advocacy focused on electricity, taxes and housing affordability.
Altschuler said he has not seriously considered moving Xometry, but warned Maryland is at a tipping point as people and companies could leave if costs keep climbing.
Earlier reporting tied the push to a CNBC ranking that placed Maryland’s economy second worst nationally and to resident outflows of about 20,000 people last year.