Page 18 - Innovation Delaware 2021

WHY DELAWARE?
WILMINGTON RIVERFRONT
“Though it’s too soon to know if the pandemic will have a lasting impact on business location decisions, we are intentional in leveraging Delaware’s many strategic and distinctive advantages,” says MICHELE A. SCHIAVONI, director of external relations and marketing for the Delaware Prosperity Partnership, the state's nonprofit economic development agency. “Delaware’s value proposition as a business-friendly state is getting more attention.”
BOB BEICHNER, economic development director for the New Castle County Chamber of Commerce, says Delaware’s
cost-of-living index:
DELAWARE IS A
GOOD DEAL
The cost-of-living index is a measure of affordability. It is calculated based on the cost of housing, food, utilities, transportation, health care and other common expenses.
The national average for cost of living is set at 100, so if a city has a cost-of-living index of 89, that means it is 11% more affordable than the national average.
Here’s how Wilmington’s cost-of- living index compares to other cities in the region.
• WILMINGTON: 89.9
• PHILADELPHIA: 101.2
• WASHINGTON, DC: 152.1 • NEW YORK: 187.2
16 DelawareBusinessTimes.com