Delaware Business News: A Look at the State’s Top Industries and Their Growth
Delaware, a small state located on the east coast of the United States, has always been a hub of business activity. In recent years, the state has seen significant growth in some of its top industries, making Delaware a go-to destination for businesses looking to expand or relocate.
One of the top industries in Delaware is healthcare. The state has a strong network of hospitals and medical facilities, which have led to a boom in the healthcare industry. Delaware is home to Christiana Care Health System, which is the largest private employer in the state, with over 12,000 employees. The healthcare industry in Delaware is expected to grow significantly over the coming years, with an expected 13% increase in employment opportunities.
Another key industry in Delaware is finance. Delaware’s business-friendly policies and tax incentives have made it an attractive location for companies in the financial sector. Delaware is home to many financial institutions, including Wilmington Trust, Fidelity Investments, and Bank of America. Additionally, the state’s close proximity to major financial centers in New York and Philadelphia has also fueled growth in this industry.
Another significant industry in Delaware is pharmaceuticals. The state is home to a number of biotech companies and pharmaceutical manufacturers, including AstraZeneca and Incyte. The presence of these companies has led to the development of a vibrant research community, with partnerships between industry and academia fueling innovation and growth.
Delaware also has a significant manufacturing industry, with companies like DuPont and PPG Industries operating in the state. Manufacturing has been a significant contributor to Delaware’s economy for many years, and the state’s transportation infrastructure, including access to ports and a major airport, provides an ideal location for these businesses.
In conclusion, Delaware has seen tremendous growth in its top industries in recent years. Healthcare, finance, pharmaceuticals, and manufacturing have all seen significant expansion and are expected to continue to grow in the years to come. Businesses looking to relocate or expand would do well to consider Delaware, with its business-friendly policies, robust economy, and strong industry sectors.
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