Delaware: Small In Size, Large In
The only U.S. state smaller than Delaware is Rhode Island. It was the first of
the 13 colonies to sign the U.S. Constitution which gave the state its nickname
of "The First State."
Despite its small size, Delaware ranks at number six in U.S. population
density. It has three counties; New Castle, Kent and Sussex. Kent and Sussex
are rural counties. New Castle county is urban and home of the E. I. Du Pont de
Nemours and Company, one of the largest chemical companies in the world.
Another major source of revenue for the state is franchise taxes, which account
for 20 percent of the state's revenues. The franchise tax is collected from the
companies that take advantage of the state's pro-business incorporation laws.
60 percent of the Fortune 500 companies incorporate here. The Tax Justice
Network lists Delaware as the world's number one tax haven.
Thanks to Du Pont's presence and the chemical and pharmaceutical companies it
attracts, Delaware ranks second in civilian scientists, engineers and patents
issued per 1,000 workers. This helped contribute to the low unemployment rate
of 8.5 percent effective January 2011 and $34,199.00 per capita income, ninth
in the nation.
Additional information can be found
regarding Delaware's economy and key employers by visiting Wikipedia: Delaware Economy.