Tag: Awards

Delaware top overall affordability in US

Delaware Tops in Overall Affordability

Delaware Among Top Places in U.S. For Overall Affordability

Delaware top overall affordability in US

WILMINGTON, Del. – Delaware, perhaps most well-known for having no statewide sales tax, continues to top the charts as one of the U.S.’s most affordable places to live. While most northeastern states rank among those with the highest property tax burdens, property taxes throughout Delaware remain among the lowest in the United States. Delaware is the sixth lowest, according to a 2021 report from WalletHub. These lower costs of homeownership result in 75% of the state’s households owning their own home.

Three-quarters of the state’s homeowners spend less than $2,000 a month on housing and about 85% of the state’s renters spend less than $1,500 a month on housing, according to Delaware Prosperity Partnership.

Over the last decade, Delaware also has the fastest-growing population along the nation’s northeast corridor. Delaware is located at the center of the U.S.’s largest consumer market. Its central geographic location and the presence of a diverse industrial base combine to create a wide variety of business and earning opportunities, contributing to a statewide median income of $68,287, based on the American Community Survey collected by the U.S. Census Bureau.

All of these attributes, combined with its business-friendly tax structure, make Delaware one of the most affordable choices for businesses looking to locate here and workers thinking of a move. 

“Since DPP began three years ago, we have closed 45 projects, which include businesses new to the Delaware market and Delaware-located businesses choosing to grow here,” explained DPP CEO and President Kurt Foreman. “Combined, these projects are expected to result in more than $1.39 billion in capital investment and nearly 5,000 new jobs in Delaware. These figures not only speak to the collaborative nature of the DPP model, but also underscore Delaware’s can’t-be-beat value proposition, from excellence in education and health care, easy access to one of the best coastlines in the U.S. and one of the most affordable places in the country.”

### 

About Delaware Prosperity Partnership

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 private employers in identifying and developing talent. 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.

Newsletter Sign Up

Stay Up To Date With Delaware

Continue reading

Fundraising and Communication Excellence FACE Awards

DPP Earns 3 Top Marketing Communications Excellence Awards

DPP Earns 3 Top Marketing Communications Excellence Awards From Association of Fundraising Professionals

Fundraising and Communication Excellence FACE Awards

November 17, 2021 –

Delaware Prosperity Partnership Work Honored by Afp – Brandywine in Annual Report, Electronic and Special Publication Categories


WILMINGTON, Del.  — Delaware Prosperity Partnership (DPP) – the nonprofit public-private economic development organization facilitating the important conversations that drive growth, increase investment and support the talent needs of Delaware employers – took top honors in three categories of the Association of Fundraising Professionals – Brandywine Chapter’s 2021 Fundraising and Communications Excellence (FACE) Awards.

DPP’s recognition includes top billing in the competition’s Annual Report, Electronic, and Special Publication categories.

The DPP 2020 Year in Review annual report shares major economic development announcements leading to new and retained job opportunities, as well as efforts to safely and responsibly reopen business in the midst of a pandemic. Of note are 26 located projects, $613 million in capital investment and more than 4,000 new and retained jobs supported by DPP since 2018. The winning publication also highlights collaborative and productive partnerships in the areas of attraction, innovation, growth and talent that promote Delaware’s competitive and attractive economy for business growth.

DPP’s LiveLoveDelaware video series, which is viewable on DPP’s YouTube channel, features Delaware business leaders — ranging from Dr. Kris Vaddi, founder of Prelude Therapeutics, to Katey Evans of The Frozen Farmer — sharing what makes Delaware a great state to live, work and play.

DPP’s Prosperity and Partnership Campaign 2021-2023: Advancing Prosperity special publication acknowledges the collaborative leadership of DPP’s Board of Directors — co-chaired by Governor John Carney and Rod Ward III, president and CEO of CSC — as well the 41 inaugural private-sector investors who play an essential role in shaping Delaware’s continued economic success. DPP also uses the piece to encourage more Delaware leaders to join the public-private partnership to help attract, grow and retain companies and bolster the state’s economy.

“It is always gratifying to have our work recognized by our peers, and it is especially gratifying to be recognized in our first year submitting entries to the FACE Awards competition,” said Michele A. Schiavoni, DPP director of External Relations and Marketing. “Both Delaware Prosperity Partnership and the Association of Fundraising Professionals value excellence, and this recognition reflects the DPP team’s commitment to excellence in our efforts to promote #ChooseDelaware to the local, regional, national and worldwide business community.”

###

About Delaware Prosperity Partnership

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 private employers in identifying, recruiting and developing talent. 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.

Newsletter Sign Up

Stay Up To Date With Delaware

Continue reading

IDEC award for Delaware Summit 2020 event

DPP Wins Highest Honors in Annual IEDC Awards

Delaware Prosperity Partnership Wins Highest Honors in Annual International Economic Development Council Awards

IDEC award for Delaware Summit 2020 event

October 6, 2021 – 

WILMINGTON, Del. — Delaware Prosperity Partnership (DPP) received the highest honors in the International Economic Development Council’s 2021 Excellence in Economic Development Awards. With more than 500 entries from four countries, the IEDC awards are among the most competitive for excellence in economic development. The DPP team was recognized for Delaware Summit 2020: A Virtual Familiarization Tour in the Special Event category of the annual competition.

“The COVID-19 pandemic precluded most in-person activity last year, but the DPP team was determined to continue building relationships with site selectors,” explained DPP President and CEO Kurt Foreman. “So we created a virtual familiarization tour for site selectors interested in Delaware’s key industry sectors in Central and Southern Delaware.”

Delaware’s reputation as “a state of neighbors” is a key element of its value proposition, and this is easily experienced during a traditional familiarization tour when site selectors visit Delaware. In 2020, the DPP team and its statewide economic development partners invited site selectors to experience Delaware’s neighborly trademark virtually. Delaware Summit 2020 allowed site selectors from throughout the United States to “Zoom in” on why businesses should choose Delaware for successful location and expansion.

IEDC Awards for Delaware Summitt 2020: A Virtual Familiarization Tour


SoDel Concepts at Delaware Summit 2020Summit activities included workshops and networking sessions for national site selectors and Delaware economic developers along with interactive cooking events led by Rehoboth Beach-based SoDel Concepts that gave participants the opportunity to enjoy Delaware flavors, build rapport over a shared meal and hear from the owners of nationally renowned Delaware-based businesses – including Sam Calagione of Dogfish Head Brewery in Milton and Katey Evans of The Frozen Farmer in Bridgeville – why they chose Delaware. Delaware Summit 2020 also gave site selectors a rare opportunity to engage directly with a state’s governor – all while experiencing Delaware’s “state of neighbors” feeling for themselves.

“The winners of IEDC’s Excellence in Economic Development Awards represent the best of economic development and exemplify the leadership that our profession strives for every day,” said 2021 IEDC Board Chair and Invest Buffalo Niagara President and CEO Tom Kucharski. “We’re honored to recognize the more than 100 communities whose marketing submissions, projects and partnerships have improved regional quality of life.”

Delaware Summit 2020 established connections between site selectors specializing in the industry sectors prominent in Central and Southern Delaware and the Delaware representatives with communities to promote for business location and expansion. Site selectors were impressed by the sessions and content that focused on the benefits of choosing Delaware and agreed that the virtual event gave them a fresh look at a state some had known little about – and made them eager to learn more. Governor John Carney’s enthusiasm and assurance of Delaware’s commitment to economic development also resonated strongly with them.

###

About Delaware Prosperity Partnership

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 private employers in identifying, recruiting and developing talent. 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.

About the International Economic Development Council

The International Economic Development Council is a non-profit, non-partisan membership organization serving economic developers. With more than 5,000 members, IEDC is the largest organization of its kind. Economic developers promote economic well-being and quality of life for their communities by creating, retaining, and expanding jobs that facilitate growth, enhance wealth and provide a stable tax base. From public to private, rural to urban, and local to international, IEDC’s members engage in the full range of economic development experiences. Given the breadth of economic development work, our members are employed in various settings, including local, state, provincial, and federal governments, public-private partnerships, chambers of commerce, universities, and a variety of other institutions. When we succeed, our members create high-quality jobs, develop vibrant communities, and improve the quality of life in their regions.

Newsletter Sign Up

Stay Up To Date With Delaware

Continue reading

Cost of Living Index Calculator

Cost of Living Index Calculator


Cost of Living Index Calculator

Cost of Living Index Calculator

Cost of Living Index Calculator