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The Next Generation Of Financial Firms Is Making Delaware Its Home


The Next Generation Of Financial Firms Is Making Delaware Its Home
Barclays Delaware headquarters.
In the last four decades, Delaware has established itself as the financial capital of the mid-Atlantic. The state’s business-friendly banking and tax codes have inspired some of the biggest names in the financial world to move to Delaware in droves, including JPMorgan Chase, Bank of America, Barclays and Capital One.
Delaware has the highest relative concentration of financial services jobs of any state in the U.S. Jobs in the financial services sector make up 9% of all the jobs in the state, which is nearly twice the national average. Wilmington serves as the hub of this massive financial sector, with nearly 170,000 financial services workers across the metro labor market. Now, the state has become a hotbed for the next generation of financial firms: financial technology, or fintech, companies. ....

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