DOING BUSINESS IN DELAWARE

Delaware Prosperity Partnership
302-576-6586
kforeman@choosedelaware.com
choosedelaware.com

Doing Business in Delaware

Delaware’s vibrant innovation ecosystem and cost-competitive business environment is supported by its status as ‘a state of neighbors.’ Decision-makers and influencers go out of their way to help here, and our prospects recognize this access as one of Delaware’s most attractive attributes.
— Kurt Foreman, President & CEO,
Delaware Prosperity Partnership
Delaware
Revamping two 1990s-era banking buildings in Wilmington will allow Incyte to double its Delaware footprint while growing its employee base. (Photo: Delaware Prosperity Partnership)

  TARGETED GROWTH SECTORS

Advanced Chemicals & Clean Technology:
Delaware is part of the federally funded Mid-Atlantic Clean Hydrogen Hub and has the highest concentration of U.S. chemical engineering jobs. Companies include Air Liquide, Chemours, and Bloom Energy.


Life Sciences: State-of-the-industry entities – including NIIMBL, the $165 million Biopharmaceutical Innovation Building and the $150 million SABRE Center – support Delaware’s life sciences boom. Companies include Incyte, Prelude Therapeutics, and AstraZeneca.


Manufacturing: Delaware – with nearly 64 million consumers within five hours – ranks #1 for U.S. corporate tax favorability for manufacturers (KPMG/The Tax Foundation). Companies include Agilent, DuPont, Hologic, and Siemens Healthineers.

  TOP PROJECTS

COMPANY
LOCATION
INVESTMENT
Incyte
Wilmington
$189 million
AirJoule
Wilmington/Newark
$15.3 million
FFI Ionix
Dover
$12.6 million
Phase Sensitive Innovations
Newark
$7.6 million
RiKarbon
Newark
$5 million

FEATURED LOCATIONS

Delaware Prosperity Partnership: Created in 2017, Delaware Prosperity Partnership is the nonprofit public/private organization leading Delaware’s statewide economic development efforts to attract, grow and retain businesses; build a stronger entrepreneurial and innovation ecosystem; and support private employers in identifying, recruiting, and developing talent..

  FAST FACTS

Population (2024 est.): 1,044,320¹
Largest Cities (2024): Wilmington (71,954); Dover (40,085); Newark (30,024); Middletown (25,567); Bear (23,686)¹
Real GDP (2023): $91.3 billion²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

STRATEGIC FUND

Delaware Strategic Fund: Job Performance Grants and Capital Expenditure Grants support projects impacting Delaware’s economy in a significant way while Graduated Lab Space Grants help science and technology companies with expenses specifically associated with building out wet lab space.

Delaware Strategic Fund Graduated Lab Space Grants help science and technology companies with expenses associated with building out wet lab space.

TOP BUSINESS FACILITIES RANKINGS

Top 10 Fastest Growing2024 State Rankings
Top 10 Tech Talent Pipeline2024 State Rankings
#3 Manufacturing Hubs (Large): Wilmington2024 Metro Rankings
From the July / August 2024 issue of Business Facilities

Latest News

Encompass Elements, Synnovation Therapeutics Expand In Delaware

Delaware
In New Castle County, the manufacturer added 21 jobs at its site, and life sciences firm Synnovation is creating 40 jobs with its expansion.

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