Delaware: where the world comes to do business
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Find out why corporations choose Delaware and discover other facts about the First State for business.
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Delaware: where the world comes to do business
- 1. Delaware: where the world comes to do business Global
- 2. Reasons why Delaware is the 1st State for Business 10top
- 3. 1st State for Business Friendliness 1 environment
- 4. Location and logistics 2 location 40% of the U.S. population is within one day’s drive
- 5. 3 access to decision makers Close-knit community with easy access to top government and elected officials
- 6. 2nd highest concentration of PhDs per capita 4 talent
- 7. 5 corporate preeminence 65% of the Fortune 500 companies are incorporated in Delaware
- 8. Alternative site framework reduces or eliminates tariffs on raw materials 6 free trade zone
- 9. 7 high-speed broadband Fastest internet in the U.S. and 3rd fastest in the world
- 10. 8 best to invest Ranked 1st in Foreign Direct Investment in the U.S.
- 11. 9 tax climate Best Business Tax Climate in the Mid- Atlantic, according to the Tax Foundation
- 12. 10 concierge team Businesses get up and running quickly and profitably with little red tape
- 13. Key Sectors
- 14. bio-science 80% of the U.S. Pharmaceutical Industry is located in the region.
- 15. information technology Delaware has the 3rd highest concentration of IT jobs in the nation, reflecting its technology-driven economy.
- 16. chemical manufacturing Pharmaceuticals, industrial chemicals, plastics and other synthetics are Delaware's primary manufactured products; the industry is among the State's top sectors for employment and revenue
- 17. energy & clean tech Delaware's energy policy of efficient, clean energy generation and renewable R&D is driving significant investment in the sector.
- 18. distribution & logistics Delaware is home to freight forwarders, distribution and fulfillment centers and logistics companies, as well as approximately 50 major warehouse facilities.
- 19. finance & insurance Some of the world's top banks, insurers and financial institutions have significant operations in Delaware, drawn by the pro-business environment, lower business costs and deep pool of industry experts with advanced degrees.
- 20. corporate & legal services Delaware is the undisputed leader in corporate and legal services in the U.S., due to the State's unique combination of corporate laws, court system, outstanding professional services and highly responsive Division of Corporations.
- 21. agribusiness Delaware's 2,500 farms account for 39 % of all land in the state. Agriculture's annual aggregate contribution to the state's economy is estimated at nearly $8 billion. The state ranks first nationally in the value of agricultural products sold per acre.
- 23. 80 regional and express trains and 3 commercial cargo railroads rail Located on the I-95 corridor with access to a fast, efficient, and far- reaching delivery network roads
- 24. Several cargo and passenger airports located in the State and 6 international airports in the region. The Port of Wilmington is North America's leading fresh fruit port, with the continent’s largest dock-side refrigerated complex. sea air
- 25. Delaware has the Best Business Tax Climate in the Mid-Atlantic, as ranked by the Tax Foundation 8.7% corporate tax 6.6% income tax NO VAT, sales or inventory tax corporate tax structure
- 26. Delaware New York Average rent for 750 sq ft office $14,175 $43,050 Average rent for 1000 sq ft warehouse $3,260 $11,050 Average Median Hourly Wage $17.94 $30.80 Average Admin Salary $35,880 $41,070 Significantly lower business expenses in Delaware compared to the surrounding region cost of doing business
- 27. From state parks to nightlife, colonial history to innovation, Delaware offers its residents a vibrant, active community in a beautiful setting quality of life Cost of Living Delaware New York Average Home Price $322,456 $1,359,270 Average Apartment Monthly Rent $1,017 $3,718 Average Cost Doctor Visit $79.38 $110.74 Cost of Living Index $1,000 $1,718
- 29. The global Delaware concierge team would love to welcome you! global@delaware.gov +1 302 577 8464 Visit!