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Why Delaware?
Delaware is renowned for its pro-business climate, often referred to as the "corporate capital of the world," as more than 60% of Fortune 500 companies are incorporated in Delaware. Our national rankings offer a glimpse into why so many companies call Delaware their home.
Milken Institute - 2008 State Technology and Science Index:
- # 1 - IPO proceeds as a percentage of state GDP
- # 1 - Doctoral scientists per 100,000 population
- # 2 - Doctoral engineers
- # 4 - Recent PhD's
- # 7 - Technology and science workforce (up from 29th in 2004)
- # 10 - Human capital (up from 13th in 2004)
- # 12 - R&D inputs (up from 14th in 2004)
U.S. Chamber of Commerce - 2008 Best Legal Environment for Business:
- # 1 - Delaware (7th consecutive year)
CNBC - 2008 America's Top States for Business:
- # 1 - Business friendliness
Forbes magazine - 2008 Best States for Business Costs:
- # 3 - Delaware, based on cost of labor, energy, and taxes
Business Expansion magazine - 2008 Rankings Report:
- # 2 - Best sales tax climate for business
- # 6 - Highest employment concentration - research, testing, medical laboratories, drugs and pharmaceuticals (MSA)
- # 9 - Best overall tax climate for business
Tax Foundation - 2008 State Business Tax Climate Index:
- # 2 - State tax
- # 7 - Unemployment insurance tax
- # 9 - Overall tax climate
Moody's, S&P, Fitch Ratings - 2008 Bond Rating:
- AAA - Delaware (12th consecutive cycle)
Kauffman Foundation - 2007 State New Economy Index:
- # 1 - Industry R&D investment
- # 1 - High-wage traded service jobs
- # 2 - Globalization
- # 2 - Gazelle jobs
- # 4 - Innovation capacity
- # 7 - Overall transformation to a new economy
- # 8 - Knowledge jobs
Corporation for Enterprise Development - 2007 Development Report Card for the States:
- AAA - Performance, business vitality, development capacity (one of only 2 states to achieve this ranking)
- # 1 - Initial public offerings
2007 Michigan Entrepreneurship Scorecard:
- # 1 - University spinout business
- # 3 - Entrepreneurial programs
- # 3 - Small business research innovation funding rate
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New! Workers'
Compensation
Updates
In May 2007, Governor Ruth Ann Minner signed Senate Substitute 1 for Senate Bill 68 that amended workers' compensation insurance requirements for contractors, independent contractors' partners and sole proprietors. The measure gives Delaware a competitive advantage for businesses by lowering workers compensation insurance premiums. The reforms are designed to reduce premiums by 15 to 25 percent. The anticipated savings will come from the creation of a fee schedule for medical reimbursements and from the development of health care practice guidelines or medical protocols for the treatment of injuries. This was the first major overhaul of the state's workers compensation laws since benefits were first provided in the early 1900s.
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Last Updated: Thursday, 09-Oct-2008 15:27:57 EDT
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