(WILMINGTON, Del.) – Delaware is one of the few states maintaining equilibrium in its workforce as others struggle with hiring workers, according to a new survey released by WalletHub.
In the report “2022’s States Where Employers are Struggling the Most with Hiring,” Delaware ranks among those struggling the least in hiring workers. In the WalletHub study, Delaware ranks second among all the states with easier access to talent and recruitment.
To compile its report, WalletHub compared job openings for the month prior to the survey with the same metric for the previous year. In Delaware, 4.8% of jobs were open in the previous month, compared with 6.23% for 2021.
Much of Delaware’s success results from the exceptional diversity of Delaware’s workforce. Located along the I-95 corridor and convenient to New York City, Philadelphia, Baltimore and Washington, D.C., Delaware draws from more than 100 nearby universities, medical schools, community colleges and Ivy League institutions
Delaware’s progressive 1981 legislation, the Financial Center Development Act, has helped the state to become a financial services hub, attracting tech and IT talent as well as fintech companies. The state’s 200-plus-year history in chemistry, life sciences and innovation have supported some of the most familiar brand-name companies in science. Delaware has the fourth-highest concentration of employed science, engineering and health PhDs in the U.S.
More recent legislation encourages growing science and tech companies to take advantage of the opportunities offered by Delaware’s business-friendly environment. For example, the recently launched Delaware Lab Space Grant program allows the state to grow even more as a hub for lab-based manufacturing and R&D and the job opportunities they offer.
Delaware also rates high on the livability scale with one of the most affordable and centrally located places on the East Coast. The state also is investing in homegrown talent through state Department of Education career programming and a host of education, training, accreditation, and upskilling programs offered by its many academic and vocational institutions. As a result, Delaware is growing a skilled and highly educated workforce eager to take advantage of the jobs resulting from its growth as a center for science, tech and other business.
Delaware Prosperity Partnership leads Delaware’s economic development efforts to attract, grow and retain businesses; to build a stronger entrepreneurial and innovation ecosystem; and to support employers in place marketing Delaware to potential employees, highlighting Delaware as a great place to work, live and play through its LiveLoveDelaware website. In partnership with economic development partners throughout the state, the DPP team works with site selectors, executives and developers focused on where to locate or grow a business and helps with reviewing potential sites, cost-of-living analyses and funding opportunities, including available tax credits and incentives. DPP advances a culture of innovation in Delaware, working with innovators and startups to spotlight and celebrate successes and connect them with the resources they need to succeed. DPP and its partnerships throughout Delaware support and advance the missions of companies of all sizes and sectors.