38. Delaware

The First State is among the worst when it comes to business costs. But it does boast a first-class workforce.

Rehoboth Beach boardwalk in Delaware.
Getty Images
Rehoboth Beach boardwalk in Delaware.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 256 14 15 B+
Infrastructure 189 35 36 C
Cost of Doing Business 122 41 40 D+
Economy 151 25 39 C
Quality of Life 123 39 37 (Tie) D-
Technology & Innovation 120 24 18 (Tie) C+
Education 101 26 36 C
Business Friendliness 72 28 22 C
Access to Capital 28 38 38 (Tie) D-
Cost of Living 16 35 33 D
Overall 1178 38 40 -

Economic Profile

Governor: John Carney, Democrat

Population: 961,939

GDP growth (Q4 2017): 0.2 percent

Unemployment rate (May 2018): 4.0 percent

Top corporate tax rate: 8.7 percent

Top individual income tax rate: 6.6 percent

Gasoline tax: 23 cents/gallon

Bond rating: (Moody's/S&P): Aaa, stable/AAA, stable

Major private employers: Christiana Care Health Systems, E.I. du Pont de Nemours and Company

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Top States Past Year Rankings

  • CNBC unveils its 11th annual America's Top States for Business ranking for 2017, scoring all 50 states on 10 key measures of competitiveness.

  • Top States promos Arm Wrestling

    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.

  • Top States 2015

    CNBC unveils its 9th annual America's Top States for Business. See where your state ranks.

Latest Special Reports

  • The Edge explores the limitless potential of innovation.

  • A look at 50 private companies set to reshape the business landscape.

  • Automation, AI and machine learning will radically influence the relationship between employers and their workforce.