Delaware is the 23rd Best State for Business 2014

J.P. Donlon

J.P. Donlon

Geographically, Delaware is well-positioned for all types of commerce. There are many ways in which this small but mighty state could move forward, and it will be exciting to follow their growth strategy in the year ahead. The first state to ratify the constitution, Delaware is a favored state for incorporation while still remaining “small and personal,” Gov. Markell said.

Previous State: Missouri Next State: New Hampshire

No. 23 Delaware

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 1.6
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -2.3

Unemployment

  • Unemployment Rate Dec. 2013 %: 6.2
  • Comparison with Nat’l Rate (6.70%): -0.5

Domestic Migration

  • Domestic Net Migration 2013: 3,010
  • Rank: 18

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 6,932
  • State & Local Gov’t Employees per 10k Residents: 598.8

State-Local Tax Burden

  • Rate (%): 9.2%
  • Compared to Nat’l Avg. (9.9%): -0.66%
Key Companies
  • Dupont
  • Delphi Financial
  • Wilmington Trust
Development Trend Indicator: Positive
Job growth booms; regulatory reform offsets modest minimum-wage increase.


Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation


J.P. Donlon

J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.

MORE LIKE THIS

  • Get the CEO Briefing

    Sign up today to get weekly access to the latest issues affecting CEOs in every industry

    • upcoming events

    SUBSCRIBE TO THE CEO BRIEFING

    In our weekly newsletter, get insight into the biggest issues facing CEOs, along with strategic ideas, solutions, and interviews.

    GET IN TOUCH

    Facebook Twitter Linkedin
    Chief Executive Group

    Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.

    Publications

    Communities

    About