Delaware Leaps Bounds on the Tech Ranking List

Posted by Jeff Pelliccio on Mar 27, 2019 9:00:00 AM

In ICS insights, Job Search Tips, IT, Candidate

If you’re looking to pursue a career in tech or move upward on the proverbial career ladder on your current STEM-related path, you might want to consider relocating to Delaware. Thanks to an emphasis placed on STEM initiatives by state policymakers and educators, Delaware recently received the distinction of landing at number seven on the Milken Institute’s list of states able to nurture tech companies and create high-paying jobs.

About the Milken Institute’s Index Report

The Milken Institute, a California-based think tank, publishes its tech ranking list every two years. To measure results and reach conclusions, the organization looks at five composites consisting of 107 individual indicators.

  • Research and development
  • Risk capital and entrepreneurial infrastructure
  • Technology and science workforce
  • Technology concentration and dynamism
  • Human capital investment

On the organization’s previous report, Delaware was tenth on the list. Candidates wanting to find meaningful and challenging work in STEM careers might want to consider looking at companies located in Delaware.

The population of tech professionals is growing in Delaware

In the Milken Institute’s “technology and science workforce” category, the state scored fifth place. Just a mere two years ago Delaware was ranked 12th, so landing at number five in this category is a huge improvement because it signals a solid proportion of the state’s population holds advanced degrees in STEM fields. Startup tech companies or those looking to expand are more apt to flock to regions populated with top STEM talent.

Delaware also attracting entrepreneurs

While the state’s rankings in itself are appealing, a notable metric was the fact that Delaware bumped up an impressive 14 positions to number 15 in the “risk capital and entrepreneurial infrastructure” category. According to the authors of the report, Delaware’s rise in position is due to “relative success” in its ability to attract deals and venture capital funding. Recent prominent deals include a $100 million investment in Wilmington’s Fair Square Financial and DowDuPont’s $200 million renovations to its Delaware Innovation Space at the DuPont Experimental Station.

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