Delaware Business Blog

Delaware Is Ranked Among Top Five States In Economic Transformation Report

According to the according to the 2008 State New Economy Index, released this week by the Ewing Marion Kauffman Foundation and and the Information Technology and Innovation Foundation, Delaware is ranked fourth among the list of states that are leading an economic transformation in adapting to an increasingly global, entrepreneurial, digital, and knowledge- and innovation-based New Economy. Delaware placed 7th in the same report a year ago.

What is the 2008 New Economy Index Report?

The changing economic landscape requires state economies to be innovative, globally-linked, entrepreneurial and dynamic, with an educated workforce and all sectors embracing the use of information technology. The 2008 State New Economy Index, which updates and expands on the State New Economy Index reports from 2002 and 2007, ranks the states accordingly. With these measures as a frame of reference, the report outlines the next generation of innovative state-level public policies needed to meet the challenges of the New Economy, improve state competitiveness and boost incomes of all Americans.

You can view the entire report in PDF format below:

  • The 2008 State New Economy Index: Benchmarking Economic Transformation in the States
  • From the DEDO press release:

    According to the Index, Delaware tops the ranking because of its high concentration of managers, professionals and college-educated residents working in “knowledge jobs.” Delaware’s companies are more geared toward global markets, both in terms of export orientation and the amount of foreign direct investments.

    Delaware is at the forefront of the information technology and Internet revolutions, with a large share of residents embracing the digital economy.

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