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Ground-based magnetometers used to measure magnetic fields on the Earth’s surface (B) have played a central role in the development of Heliophysics research for more than a century. These versatile instruments have been adapted to study everything from polar cap dynamics to the equatorial electrojet, from solar wind-magnetosphere-ionosphere coupling to real-time monitoring of space weather impacts on power grids. Due to their low costs and relatively straightforward operational procedures, these instruments have been deployed in large numbers in support of Heliophysics education and citizen science activities. They are also widely used in Heliophysics research internationally and more broadly in the geosciences, lending themselves to international and interdisciplinary collaborations; for example, ground-based electrometers collocated with magnetometers provide important information on the inductive coupling of external magnetic fields to the Earth’s interior through the induced electric field (E). The purpose of this white paper is to (1) summarize present ground-based magnetometer infrastructure, with a focus on US-based activities, (2) summarize research that is needed to improve our understanding of the causes and consequences of B variations, (3) describe the infrastructure and policies needed to support this research and improve space weather models and nowcasts/forecasts. We emphasize a strategic shift to proactively identify operational efficiencies and engage all stakeholders who need B and E to work together to intelligently design new coverage and instrumentation requirements.