#13 Delaware


#13 in Taxation and Regulation

#20 in Workforce Quality

#25 in Living Environment

Right to Work?

Regional Profile – Northeast

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Connecticut
9
10
6
5
Delaware
11
11
3
2
Maine
3
5
5
9
Maryland
7
8
11
8
Massachusetts
8
9
1
6
New Hampshire
2
2
2
1
New Jersey
10
6
9
11
New York
11
11
8
10
Pennsylvania
4
3
4
4
Rhode Island
6
7
7
7
Vermont
5
4
10
3

Key Industries

Aerospace & Defense, Biotech, Clean Tech, Forestry, I.T., Maritime

Key Companies

AstraZeneca

Bank of America

Delphi Financial

Dupont

Household Finance Corp.

Purdue

Wilmington Trust

Advantages

A center pivot irrigation system is substantially improving Delaware’s farming output. Irrigated produce generates about $280 of extra income per acre, according to according to agriculture secretary Ed Kee.

Challenges

Peaches, a key product of the Delaware economy, suffered a severe frost, and the resulting downturn will hit the Delaware economy hard throughout the entire summer.

In a trade mission to Seoul, Korea, Delaware business leaders will meet with prospective buyers, agents and customers. The visit could create a new path to exports for Delaware companies.

Key Contacts

Economic Development Office

Bernice Whaley, Director
302-672-6809
99 Kings Highway,
Dover, DE 19901

http://dedo.delaware.gov/

CEO Comments

“Delaware is just a place to park your corporation because of its protective regulatory environment.”

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Delaware

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 8.70%
  • Highest Personal Income Tax Rate: 6.95%
Workforce Quality
  • % with High School diploma or more: 87.2
  • % with Bachelor’s degree or more: 27.5
  • % with Advanced degree or more: 10.8
  • Patents per 100K: 41.47
  • % of Employed Represented by Unions: 12.5
Quality of Life
  • Hopsitals per 10K: 0.071
  • Elementary/Secondary Schools per 1000 people: 0.243
  • Violent Crimes per 100K: 657.29
Key Companies
  • Dupont
  • Delphi Financial
  • Wilmington Trust
Other Highlights
  • Delaware fell to #16 from #12 in 2010 — the state took #12 in 2009
  • Delaware ranks 5th in state debt per capita with $6796

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education