38. Delaware

The First State offers the friendliest business climate in the nation, but Its limited infrastructure and heavily unionized workforce often spurs companies to base elsewhere.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 169 36 24
Workforce 131 34 30
Quality of Life 136 29 34
Infrastructure & Transportation 103 44 39
Economy 200 32 27
Education 83 24 34
Technology & Innovation 156 23 39
Business Friendliness 182 1 1
Cost of Living 15 36 37
Access to Capital 4 44 14
Overall 1179 38 31

Economic Profile

Governor: Jack Markell, Democrat

Population: 925,749

GDP growth: 1.6 percent

Unemployment rate (May 2014): 5.8 percent

Top corporate tax rate: 8.7 percent

Top individual income tax rate: 6.75 percent

Gasoline tax: 41 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Christiana Care Health Systems

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Delaware Book of Lists

  • Scott Cohn develops in-depth features, special reports and documentaries for CNBC and CNBC.com.

From the Governors

Latest Special Reports

  • Advisors say it's time to get serious about year-end financial plans, like taxes and portfolio re-balancing.

  • With the world becoming more interconnected, it’s getting harder to anticipate and manage global risks. We take a look at some of the biggest risks and ways to mitigate them.

  • From family-run companies to public companies with family ownership, we tackle challenges and rewards facing family businesses.