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.
#1 Industry R&D investment
#1 High-wage traded service jobs
#2 Globalization
#2 Gazelle jobs
#4 Innovation capacity
#4 Scientists and engineers
#7 Overall transformation to a New Economy
#8 Knowledge jobs Source: 2007 State New Economy Index,
Kauffman Foundation/Information Technology & Innovation Foundation
AAA Performance, business vitality, development capacity
#1 Initial public offerings #3 Private research & development
#5 PhD scientists and engineers Source: 2007 Development Report Card for the States, Corporation for Enterprise Development
#1 Best legal environment for business (6th consecutive year) U.S.Chamber of Commerce
#1 Job opportunities, job quality, and workplace fairness, Political Economy Research Institute, University of Massachusetts Amherst
#2 2007 Most Fair & Predictable Tax Environment CFO magazine
#4 2007 Most Tax-Friendly State for Taxpayers,
Tax Foundation
AAA bond rating (12th consecutive time), Moody's Investors Service, Standard & Poor's, Fitch Ratings
Wilmington, Delaware - 2007 Top 10 North American Cities of the Future, fDi magazine
Dover, Delaware - 23rd, Boomtowns of 2007, Inc. magazine
2007 Gold and Silver Horizon Interactive Awards
for www.visitdelaware.com
In Delaware, we continue to develop breakthrough, innovative approaches to help our companies remain competitive, ensure our citizens maintain the lifestyle they enjoy, and generate real results for our future.
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.
