Accolades


Delaware Accolades and Recognition


What Sets Us Apart

With access to more than 60% of the U.S. consumers; one of the busiest passenger rail services in America and proximity to two international airports, Delaware’s enviable location along the U.S. northeast corridor makes it a top choice for businesses and job seekers who want to live on the East Coast. And there’s more: Delaware’s business law courts are considered the most expert and trusted business courts throughout the world and 607% of the Fortune 500 companies incorporate in Delaware.

With the 6th lowest property tax in the U.S. and no sales tax, Delaware is attracting more and more professionals and has the fastest growing population in the Northeast as well as the MidAtlantic. The Milken Institute, U.S. News & World Report, Forbes, and the Brookings Institute consistently highlight Delaware as a top state to work, live, and innovate.

See more of what Delaware has to offer

Delaware By the Numbers


#3 in U.S. for lowest tax burden
(Wallethub, 2022)

More Business Climate Accolades
  • 6th in U.S. for business environment (U.S. News and World Report, 2021)
  • 3rd in U.S. for lowest tax burden (Wallethub, 2022)
  • 5th in U.S. for lowest property tax burden (Wallethub, 2022)
  • 2nd in U.S. for lowest business costs (Forbes, 2021)
  • 2nd in U.S for overall business tax favorability for new firms (Tax Foundation/KPMG, Location Matters 2021)
  • 3rd in U.S for overall business tax favorability for mature firms (Tax Foundation/KPMG, Location Matters 2021)
  • 1st in U.S. for business tax favorability for new and mature capital-intensive manufacturing firms (Tax Foundation/KPMG, Location Matters, 2021)
  • 1st in U.S. for business tax favorability for mature labor-intensive manufacturing firms (Tax Foundation/KPMG, Location Matters, 2021)
  • 2nd in U.S. for business tax favorability for new labor-intensive manufacturing firms (Tax Foundation/KPMG, Location Matters, 2021)
  • Top 10 in U.S. for corporate tax favorability for new and mature research and development firms (Tax Foundation/KPMG, Location Matters, 2021)
  • 4th in U.S. for business tax favorability for new data center firms (Tax Foundation/KPMG, Location Matters, 2021)
  • 6th in U.S. for business tax favorability for new shared services firms (Tax Foundation/KPMG, Location Matters, 2021)

Why Delaware is Best for Business

Looking for a state that is tax friendly for businesses and consumers? Delaware is ranked consistently among the top for being business friendly.

Delaware ranks among the top three nationwide for business tax favorability, according to a new report by the Tax Foundation and KPMG. The report, Location Matters, assesses the corporate tax burden in two categories of cities – major and mid-sized – throughout all 50 states, accounting for the wide range of tax impacts faced by businesses such as property tax, income tax, sales tax and others. The comprehensive study compared the full tax burden faced by businesses in all 50 states.

Delaware outpaced its neighboring states in the Mid-Atlantic region for most sector types in both the new and mature business categories. The statewide study ranked each state and highlights each state’s tax favorability performance including their Tier 1 and Tier 2 cities. In Delaware, the two cities ranked in the Location Matters report are Wilmington in the Tier 1 major city category and Dover in the Tier 2 mid-sized city category.

Key findings from the nationwide survey reveal:

  • Delaware ranks #2 for overall corporate tax favorability for new firms.
  • Delaware ranks #3 for overall corporate tax favorability for mature firms.
  • Delaware ranks #1 nationwide for tax favorability in the manufacturing sector.

Delaware topped its neighboring states in the Mid-Atlantic region for most sector types in both the new and mature business categories. The statewide study ranked each state and highlights each state’s tax favorability performance including their Tier 1 and Tier 2 cities. In Delaware, the two cities ranked in the Location Matters report are Wilmington in the Tier 1 major city category and Dover in the Tier 2 mid-sized city category.


#5 in U.S. for most innovative environments (Wallethub, 2022)
More Innovation Accolades
  • Top 10 in U.S. on Milken Institute’s State Technology and Science Index (Milken Institute, 2020)
  • 3rd in U.S. for research and development inputs (Milken Institute, 2020)
  • Top 10 in U.S. for most innovative states (Wallethub, 2022)
  • 5th in U.S. for most innovative environments (Wallethub, 2022)

Why Delaware Leads in Innovation

Want to work and live where innovation is more than just a catchphrase? We do more than just talk innovation.

Innovation in Delaware means more opportunities to innovate and more opportunities to thrive. Some of the most transformative advances in history got their start in Delaware and that tradition of embracing the power of creativity continues to thrive in Delaware today. During the past 50 years, Delaware innovators have been issued the most patents, per capita, in the United States.

Whether it’s precision agriculture, advanced materials and manufacturing, fintech, bioscience, pharma or sustainable chemistry, Delaware tops the charts for places that encourage innovation. According to the Milken Institute Science & Tech Index, Delaware ranks 9th overall in their state technology and science index. For research development inputs Delaware ranks 3 – this ranking factors in Federal R&D expenditures, industry R&D expenditures, academic R&D expenditures, National Science Foundation funding, and small business research funding.

  • Being the 8th most innovative state in the country per Bloomberg
  • Issuing the most patents in the country per capita
  • Being one of the first states to embrace blockchain
  • Having the nation’s 4th highest concentration of Ph. D’s employed in health, science and engineering
  • 5th most innovative environment
  • 4th highest share of technology companies
  • 4th fastest average internet speed
  • Tied for 1st for most venture capital per capita
  • 7th R&D Spending per Capita

Speed: Size matters when it comes to speed. Our small size provides more attention to businesses looking to grow quickly. With eager and accessible State leadership, you can influence change much more rapidly in Delaware than in larger states.

Access: An accessible government and business community paired with trusted and expert legal, governing, and corporate tax regulations make Delaware the preferred choice for incorporating businesses.


Fastest growing state in the Northeast and Mid-Atlantic regions
(2020 Census Data)

More Quality of Life Accolades
  • Fastest growing state in the Northeast and Mid-Atlantic regions (Analysis of 2020 Census Data)
  • Bethany Beach and Rehoboth Beach are among the top 21 East Coast beaches to visit (U.S. News and World Report, 2022)
  • National Gold Medal Award for Excellence in Park and Recreation Management for Delaware Division of Parks and Recreation (American Academy for Park and Recreation Administration and the National Recreation and Park Association, 2021)

Delaware Scores Top Grades on Livability Factors

Tax benefits aren’t just for businesses in Delaware; the state is known for its affordable cost of living.

Delaware has no sales tax, the 6th lowest property taxes in the country and a highly competitive cost-of-living which is why more and more professionals are choosing Delaware. Delaware has outpaced other Northeast corridor regions with the fastest growing population in in the Northeast and Mid-Atlantic regions in 10 years.

What’s more, Delaware’s commitment to preserving nature and the great outdoors means you can navigate the Greenway Trail to walk from one end of the state to another. Delaware features an unusual blend of residential choices, from city living to small-town America to beach life along some of the best sands on the Northeast corridor: Bethany Beach and Rehoboth Beach rank among the top 21 East Coast beaches to visit, according to U.S. News and World Report. When you really want to get away, you’re in the epicenter of the mid-Atlantic – an easy drive to Philadelphia, Baltimore, New York, and DC. Delaware is also known for its award-winning schools, nationally ranked healthcare systems, diverse range of recreation options and a welcoming “state of neighbors.” And there’s more:

  • 17 State Parks
  • 380 miles of shoreline
  • 60+ Activities on Delaware’s outdoor trails
  • 2nd Most Bicycle friendly state on the East Coast
  • 9th Most bicycle-friendly state in the nation
  • 34 Craft breweries & wineries
  • Events and festivals throughout the year including the internationally noted Firefly Music Festival each year

“Delaware has a world-class workforce, and a quality of life that is second to none.”

John Carney, Governor

What Others Are Saying

We are thrilled to share why Delaware is a great place to live and work.

Read what others have to say about Delaware.  Click on a tab below to learn more about the great reasons to live or work in Delaware.

Talent

“Delaware is small in size but big in spirit. It’s near Penn and Johns Hopkins. The talent is here.”

Hervé Hoppenot, CEO, Incyte

Scientific Talent

“There are a lot of ‘retired’ scientists in Delaware helping companies get things done. You won’t find that anywhere else.”

Vance Kershner, CEO, LabWare

Proximity

“One of the things that really stood out to me was how close you are to Philadelphia International Airport. That was eye-opening and probably the number one item that stood out to me. It really gives you an opportunity to really sell yourself as in, ‘Delaware may not have its own international airport, but the state doesn’t have all of the expenses and liability that go with running an airport and you still get access to all of those ‘big city’ things.’ Even being in the southern part of Delaware, you’re still very, very close to the international airport. From anywhere in Delaware, you can get to the international airport and get around the world.”

Lindsey Cannon, Director/Site Selection Consultant, Quest Site Solutions

Proximity/Business Friendly

“Delaware has been a great location for us with its proximity to so many different areas
— being close to Washington D.C. when working with military contacts is critical. Delaware also has a very advantageous corporate structure and programs like Delaware Technology Innovation Program. And people are really friendly here.
Networking in Delaware is surprisingly well-connected and willing to connect you to others. There is only one degree of separation here. We have connectivity and warmth that you don’t get in other places.”

Doug Adams, Running Technology Entrepreneur

Proximity/Quality of Life

“It sounds crazy to say something on the coast is central. But when you think of where we are right now — we could get in a car and be in Philly in two hours, be in Baltimore or D.C. in two hours, and in less than three and a half hours, be in Manhattan. So it’s actually a great hub to distribute a high-end product from because you have the proximity to all these awesome cities. That and you get to live at the beach in a low-stress, beautiful, natural environment.”

Sam Calagione, Founder, Dogfish Head

Quality of Life

“I love the quality of life I get living and working here in Delaware. We can be at the beaches or the mountains in about an hour. I do a little bit of traveling for shoots, but most of my work is here in Delaware. Sure I could go to New York and hunt down some of the bigger agencies but I’m perfectly happy telling the stories of the people and brands in our state.”

Mike Pfeifer, Filmmaker, 1440 Film Co

Quality of Life

“Delaware had and continues to have everything I need to be successful and flourish in my profession including competitive salaries for educators and opportunities for continued education.”

Alexis Huttie, Second Grade Teacher, Spanish Immersion Program

Quality of Life

“Delaware is a great place to be able to make a difference. It’s a great place to experiment. Our success is really a testament to all of the libraries working together.”

Dr. Annie Norman, State Librarian and Director, Delaware Division of Libraries

Network

“In Delaware we have incredible access to our lawmakers, CEOs and the media. We can make incredible inroads in terms of communicating between all the stakeholders in business and the entrepreneurial ecosystem.”

Dr. Dan Young, Serial Entrepreneur and Professor

Talent/Business Friendly

“It’s more true than ever that Delaware has a world-class workforce, and a quality of life that is second to none. And these investments by FMC help reaffirm that our state is a great place for businesses of all sizes to put down roots, grow, and create good-paying jobs.”

John Carney, Governor

Innovation/Business Friendly

“Delaware is home to some of the nation’s most innovative small companies and now with this tax credit, science and high-tech entrepreneurs have even more incentive to choose Delaware to grow their businesses.”

Kurt Foreman, President and CEO, Delaware Prosperity Partnership

Scientific Talent/Proximity/Business Friendly

“Delaware has the fourth highest number of employed PhDs working in science, engineering and healthcare. Add to that its enviable location, low cost of doing business, and collaborative, business-friendly environment and you see why Delaware is becoming the go-to location for science and tech start-ups. Our 7th place ranking in the Milken Institute’s State Technology and Science Index underscored that Delaware is taking the lead in the bioscience field.”

Kurt Foreman, President and CEO, Delaware Prosperity Partnership

Scientific Talent/Fintech Talent/Proximity

“New Castle County has corporate and banking but it also has the richness and splendor of the DuPonts who were such awesome stewards of their wealth. Kent County has a richness of colonialism, the John Dickinson Mansion and the signing of the Constitution and The Green and the maypole dancing. Sussex County is like the little beach resort Riviera of the state, with its own culture and influx from all of the surrounding cities beyond Delaware. Throw in the cultural experiences we’ve had here, which we’ve always had in the north of the state, but now we also have in the Biggs Museum in Dover and the Freeman Stage in Selbyville.

It’s home, first and foremost. It’s accessible — you can find yourself at a red light next to the governor. I love that it’s a small state and that it’s the first state. I love that it’s a community, small enough that we can know each other.”

Drexel Davison

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