Delaware
Delaware ranks as one of the top states for tech businesses, high-speed internet
Delaware’s top homes for sale by price as of July 15, 2024
See inside some of the most expensive houses for sale in Delaware as of July 15, 2024.
Delaware is one of the most lucrative states for tech companies and employees, according to two new studies.
The First State came in seventh in the U.S. for best state to start a tech business. And Delaware − home to 66% of Fortune 500 companies − invests the third most amount of money into venture capital, according to the studies conducted by software company Zibtek.
Massachusetts and California finished first and second, and Delaware was the only state in the Philadelphia metro to finish in the top 10. Maryland finished fifth in the nation with the highest percentage of people with tech-related degrees and the fastest internet speed in the country.
Delaware succeeds in venture capital investment and fast internet speeds, finishing third in the country in both. The study said there is a “strong pool of social and engineering workers.”
Delaware ranks so high because of the strong talent pool and proximity to Philadelphia and other major markets in the Northeastern U.S., said Joshua Berkow, director of operations at the Tech Council of Delaware. Delaware’s size and connectivity is also an advantage to the state’s tech industry, Berkow said.
“From that perspective, I think proximity to other regions, as much as Delaware is trying to carve out its own identity, place for tech, and I think we’re making strides against that, we can’t undersell the geographic positioning of the region either,” Berkow said.
The strong talent pool contributes to tech workers in Delaware making the ninth-highest salaries in the country. These high salaries have a lot to do with the presence of financial tech jobs. Technical.ly, a news service covering technology, reported there are over 3,800 tech firms in the state as of 2023 and over 21,000 jobs at these firms in total.
There is a diverse mix of employers for tech employees in the First State and plenty of opportunity.
JPMorgan Chase and Bank of America are some of the largest employers in the state’s tech industry, Berkow said. The State of Delaware employs the largest number of tech workers, and the University of Delaware, DuPont and healthcare companies also employ a large tech workforce.
The study also said Delaware had the third-fastest internet speeds in the country, which helped the tech industry grow. Berkow said internet connectivity creates more opportunity to hire from around the state.
“I think it means you can start a business from anywhere,” Berkow said, adding that fast internet speed opens up more opportunities for remote workers.
Delaware
All lanes open after I-69 closure in Delaware County
DELAWARE COUNTY, Ind. — All lanes closed on I-69 in the southbound direction in Delaware County on Friday morning.
Authorities with the Indiana State Police were dispatched to the 240.5 mile marker on a report of a crash involving a semi at approximately 8:08 a.m.
All lanes are now open.
Delaware
After devastating fire at historic Delaware church, a summer festival carries on
Delaware
From blueprint to breakthrough: Tackling affordable housing in Wilmington
Pennrose and JPMorganChase help neighborhoods – and residents – thrive.
Finding an affordable place to live continues to be a challenge for many as widespread housing shortages persist across the U.S. Rising home prices and high interest rates have made homeownership inaccessible for a large portion of the population. Meanwhile, as rental demand increases, the number of renters facing affordability challenges is also on the rise.
The State of the Nation’s Housing 2025 by Harvard University’s Joint Center for Housing Studies reveals that cost burdens for renters reached another record high in 2023. Similarly, the JPMorganChase Institute reports that renter affordability is declining and forcing people to devote more of their take-home pay to housing costs. There is a growing need for affordable housing across the U.S., and that rings true here in Wilmington.
To close that gap, it’s essential that all Wilmington residents share in its growth with housing options that accommodate a range of needs and budgets. For the Pennrose real estate firm, this meant delivering a concrete solution to the local community, resulting in housing for individuals and families who otherwise might not have been able to live in the area.
Reinvesting in Wilmington’s Riverside
In Wilmington, the Riverside redevelopment initiative is focused on neighborhood stability at a scale that can be felt across generations – bringing housing, education and community resources together so families can remain rooted and move forward. Imani Village, developed by Pennrose in partnership with the Wilmington Housing Authority and nonprofit community organization REACH Riverside and constructed with support from JPMorganChase, is part of this broader effort, which is expected to create more than 600 high-quality, mixed-income homes while also enhancing and expanding EastSide Charter School and Kingswood Community Center to help establish a “cradle to college/career readiness education pipeline.”
By tying new housing to strengthened local institutions, the redevelopment aims to reduce the pressure that forces families to relocate and instead keep children closer to school, neighbors closer to one another and residents connected to the services that help them thrive. In practical terms, Imani Village represents not just additional homes, but a commitment to building a neighborhood where opportunity is easier to access and easier to keep.
“We’re proud of the far-reaching impact this project will have. It reflects Pennrose’s mission to uplift our communities and expand the supply of high-quality, affordable homes,” said Brett Macleod, Community Development Banking, J.P. Morgan. “Every additional housing unit matters – and increasing the number that are affordable is critical.”
A broader commitment to Wilmington’s future
While Imani Village is foundational, the vibrancy of a community depends on much more. In Delaware, the firm provides banking services to 215,000 customers and works across sectors to expand economic opportunity. Over the last five years, JPMorganChase has invested more than $25 million in local nonprofit organizations, supported 25,000 small business clients and delivered financial health education to thousands of residents to broaden access to banking, financial health resources, homeownership and other wealth-building tools.
“As we work with local stakeholders to expand housing options, JPMorganChase’s goal is to create inclusive economic opportunity for all,” said Don Mell, Location Management, Americas East Region Lead and member of the Delaware & Philadelphia Market Leadership Team at JPMorganChase. “When our communities thrive, we all thrive.”
Learn more about affordable housing and community development at jpmorgan.com/commercial-real-estate.
Read more from Spotlight Delaware
-
Illinois2 minutes agoIllinois Tollway proposing increased tolls in 2027 to fund $26.5 billion in road construction
-
Indiana9 minutes agoJuneteenth event in Martinsville sparks conversation about city’s history
-
Iowa11 minutes ago
Iowa Lottery Mega Millions, Pick 3 Midday results for June 19, 2026
-
Kansas16 minutes ago1 man killed, 5 others wounded in mass shooting Friday night near East 19th and Vine streets in KCMO
-
Kentucky24 minutes agoOpinion – Caleb Franz: Cassiuis Marcellus Clay – Kentucky's original free speech champion
-
Louisiana27 minutes agoTalent, fitness honors awarded on Preliminary Night 2 of Miss Louisiana
-
Maine31 minutes agoLocal control is holding education back in Maine | Opinion
-
Maryland39 minutes agoMaryland Lottery Mega Millions, Pick 3 results for June 19, 2026