Delaware state tax revenue has consistently hovered around 5.5% of gross state output. The bottom line is that citizens and businesses are creative and find ways to limit the total government takes out of their pockets.
Given two very different decades of performance, how do we expect employment in Delaware to perform in the coming years?
The significant drop in Delaware manufacturing jobs over recent decades is a result of competitive market forces in the face of which goverrnment subsidies would have had no lasting effect.
This is a poor time to experiment with new energy regulations such as the RPS (Renewable Energy Portfolio Standards). The stark reality is that Delaware’s economy is in very serious straits. Delaware has fewer jobs today than it did a decade ago. Over that decade unemployment has gone from 3.3...Read More
Despite absorbing some blows, manufacturing in Delaware has survived and it appears that better days are ahead. Over the past two decades Delaware manufacturing employment has plummeted from 48,000 to 26,000, an astounding decline of over 40%. Scanning the landscape, Delaware no longer has an autom...Read More
The most recent benchmarked data does little to evidence that state and local government is recognizing the true impact of the recent recession. As shown in the chart below, as private sector employment in the nation and the Delaware region dropped from 2007 through 2009, state and local government ...Read More
In CNBC’s recent ranking of the top states for business Delaware came in 42nd. Is there really any reason for concern? If so, what needs to be done to make Delaware more business competitive? CNBC scores the 50 states on 40 different measures of competitiveness grouped into ten aggreg...Read More
Highly skilled immigrants to the United States (“HSIs”) have helped catalyze American economic growth and advances in human welfare by generating knowledge and innovations that have spawned new products, services, systems, jobs, and wealth. A number of studies document that HSIs are ...Read More
The sales tax in Pennsylvania is a hefty 6%, while because of the gross receipts tax, the perception is that the sales tax in Delaware is zero. How much of an impact does this have on retail trade in Delaware? The chart within the full article compares retail sales per $1,000 of residenti...Read More
According to Gaming & Resort Development, national casino and racino revenue has emerged from the recession losses to post a modest 1% gain in 2010. Delaware’s racino revenue rose 1.5%. The combination of the recession and the growth in gaming revenue in Pennsylvania and Maryland has drop...Read More