Top States for Business

28. Delaware

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Delaware Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE277514A-
INFRASTRUCTURE203208C+
COST OF DOING BUSINESS1393734C
ECONOMY171228C-
LIFE & HEALTH1662435C-
TECHNOLOGY & INNOVATION1143220C-
BUSINESS FRIENDLINESS972613D+
EDUCATION714239D+
ACCESS TO CAPITAL301338C+
COST OF LIVING153635D
OVERALL12832827

Economic Profile

Governor: John C. Carney Jr., Democrat

Population: 1,003,384

GDP growth (Q1 2022): -1.4%

Unemployment rate (May 2022): 4.5%

Top corporate tax rate: 8.7%

Top individual income tax rate: 6.6%

Gasoline tax: 23 cents/gallon

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

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

Genesis Fuentes, PhD student, watches a simulated encounter at the Lab for Applied Social Science Research at the University of Maryland, where they are developing Virtual Reality in police de-escalation training, in College Park, MD.
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