Delaware Boasts the Highest Post-Recession Growth in the Northeast

Original article from Philly.com

Fifteen U.S. states have AAA credit ratings: allowing them to borrow money at a low interest rate from the U.S. Treasury.

Only one of the AAA states is run by Democrats. That’s Delaware, where Gov. Jack Markell, a onetime Nextel and Comcast manager, has spent the last eight years grappling with issues Donald Trump and Bernie Sanders raised in this year’s presidential race: the collapse of heavy industry and hometown corporations that used to pay solid family wages.

Delaware companies now employ 455,000, up from 429,000 on the eve of the 2008-09 recession, and 392,000 at its worst.

That’s the highest post-recession growth in the Northeast, notes Mark Turner, a Republican who heads WSFS Corp., the state’s biggest bank, and the Delaware Business Roundtable, a corporate lobbying group.

“Delaware’s in a great spot. And I give a ton of credit to the governor,” says Turner.

Markell says education programs will make the most long-term difference in keeping Delaware in business, like the three-year-old “Pathways to Prosperity,” which has put 6,000 high school kids in tech-college classes leading to manufacturing, bioscience, and other job-readiness certifications.

Markell also praised Zip Code Wilmington, the state-backed, corporate-funded coding bootcamp program that investor Ben du Pont and marketing guru Jim Stewart helped establish in Wilmington.

Investments in education, 21st century job skills, and low corporate tax rates. Is positioning the first state as pro-business and pro-jobs, which will drive the economic engine into the foreseeable future.

feature image: iStockPhoto/tkacchuk

Stay Up-to-Date on Business News
Sign Up For Our Weekly Newsletter!

  • Show Comments

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

Career Openings in Wilmington

The Buccini/Pollin Group, 1313 Innovation, and Technical.ly Delaware are hiring here in Wilmington. 1313 Innovation ...

TEDxWilmington Women @ The Queen

[caption id="attachment_2416" align="alignnone" width="400"] Image from Eventbright.com[/caption] When: Thursday Oct 27, 2016 8:00 AM-5:00 PM Where: World ...

WILMINGTON BLUE ROCKS TO AWARD PRIZES FOR DELAWARE CHARITY CHALLENGE

Innovincent and the Wilmington Blue Rocks are Pleased to Announce that the Blue Rocks ...

mill summit

The #MILLSUMMIT returns to the riverfront this August!

More than 1,000 of Millenials, individuals aged 22 up to 35, from dozens of ...

New High End Apartments & Shopping Coming To Market Street

From the Delaware State Chamber of Commerce Wilmington based real estate developer, Buccini/Pollin Group recently ...

300-101   400-101   300-320   300-070   300-206   200-310   300-135   300-208   810-403   400-050   640-916   642-997   300-209   400-201   200-355   352-001   642-999   350-080   MB2-712   400-051   C2150-606   1Z0-434   1Z0-146   C2090-919   C9560-655   642-64   100-101   CQE   CSSLP   200-125   210-060   210-065   210-260   220-801   220-802   220-901   220-902   2V0-620   2V0-621   2V0-621D   300-075   300-115   AWS-SYSOPS   640-692   640-911   1Z0-144   1z0-434   1Z0-803   1Z0-804   000-089   000-105   70-246   70-270   70-346   70-347   70-410  

Copyright © 2020 WilmToday.com
Designed and Developed in Partnership with
Tapp Network - Mission-driven Marketing & Technology
Located in Wilmington, DE