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Business

Wilmington's business climate, Delaware's tech talent pipeline highly rated in new report

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Delaware Prosperity Partnership
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The 17th annual Business Facilities Report is out.

The City of Wilmington’s business climate and Delaware’s tech talent pipeline earn top 10 spots in the latest 2021 Business Facilities Report.

The report - produced by Business Facilities Magazine - highlights area economic development and site selection news from around the world.

The publication’s 17th annual report analyzed locations and identified the best ones for key benchmarks for sustainable growth in the 21st century.

“It’s another brick in the wall, so to speak, or a thread in the fabric we’re weaving about Delaware," said Kurt Foreman,president and CEO of the Delaware Prosperity Partnership (DPP). "It’s another opportunity - one - for Delawareans, but also people out Delaware to also hear from an outside source how we stack up as a business community on certain criteria.”

 

The report from Business Facilities Magazine highlights city, state, and global leaders in 60 categories.

 

“I think how we rank is worthwhile, but it’s the fact that we’re getting selected to even be considered," Foreman said. "From a general business climate around innovation, Wilmington did quite well; it was based on size and so for smaller communities that are innovation-oriented, we were ranked among the best in the country.”

Foreman notes that the report rates Wilmington second nationwide for Best Business Climate for an under 200,000 population. And Delaware is ranked tenth for its Tech Talent Pipeline.

 

He says from August 2019 through July 2020, Delaware averaged more than 4,000 IT job postings and 474 hires per month.

 
The report also lists Wilmington seventh in the Large Healthcare Hub category and Delaware sixth for Electricity from Solar and ninth for Offshore Wind Power.

 

Wilmington was also recognized for the environment, hospitality and support it offers businesses in several areas, including infrastructure, taxes and education.