Delaware Maintains Highest GDP Growth Nationally

Finance and Insurance Industry Maintains Rapid Growth

Delaware officially has the fastest-growing economy in the United States.

The big growth story in Delaware has been its finance and insurance industry. Finance was a boost for every state, but Delaware’s finance and insurance industry has been on fire. In fact, 4.57 percentage points of Delaware’s 5.7% GDP growth came as a direct result of this leading industry, and Delaware’s official state website says that Delaware’s finance industry is expanding at nearly twice the national rate.

Access the full article here.

What Does This Mean For Wilmington?

For Wilmington specifically, the hub of the finance and insurance sectors, this is a testament to the amount of growth the city has already achieved and continues to work towards in the state. Wilmington continues to create jobs in those sectors and others such as technology, and healthcare. Wilmington is close to reaching it’s full potential and fostering much more economic growth and stability than it already has, it just needs the final tools to get there.

The Wilmington Leaders Alliance takes economic growth very seriously. As one of our four core areas, We believe that “Developing Wilmington’s position as a thriving and prosperous city in a 21st-century global economy requires excellence in workforce development. This requires intentional partnerships between employers, investors, training providers, and the government.” Taking the measures to enhance the economy and allow for prosperity will ensure the growth and wealth of this great city.

Latest News

Generation Pre-Apprentice Construction Course featured on 6 ABC

August 16, 2019
On July 17th, students in the Generation and ABC of Delaware Pre-Apprentice Construction program had an opportunity to experience their very own “Journey Day.” Thanks to the partnership with Williamson College of the Trades, students gained insight on the various trades in the construction industry and learned about the benefits of working in construction. The...

Wilmington Leaders Alliance Announces Partnership with Wilmington Renaissance Corp to Create the Wilmington Alliance

August 06, 2019
In June of 2019, at the Board of Directors meeting, the leadership of the Wilmington Leaders Alliance (WLA) approved a motion to partner with the Wilmington Renaissance Corporation (WRC) to create the Wilmington Alliance. A New Strategy for Ongoing Goals The newly created Wilmington Alliance will work with the business community and local nonprofits in...

Youth Opportunity Fair to Feature Workforce Development Programs.

July 29, 2019
The City of Wilmington will be holding a youth opportunity fair on July 30th. Many local companies and organizations will be participating including Wilmington Leaders Alliance partner, Generation USA.    At the fair, there will be 2-3 vendors per classroom with some organizations conducting on-site interviews. There will also be a quiet space available for...