MESSAGE FROM THE PRESIDENT


March 24, 2025

In the coming weeks, the State Chamber will release a document we commissioned from from Economic Leadership, a consulting group out of North Carolina. We asked them to explore who we are as our nation and state experience a "significant transformation—arguably the most profound since the 1960s."


The report is full of important data points, including who is moving here and from where, birthrates and their implications for education providers and employers, housing inventory and associated costs, and more. I must admit, however, one data point I never saw coming was this: "According to the American Community Survey, Delaware’s foreign-born population has grown from 72,531 in 2010 to 104,694 in 2023—an increase of 44%." Said differently, about one out of every 10 Delawareans was born somewhere other than the United States, and one in seven Delaware workers were immigrants.


The report will serve as a guide for our future research and policy priorities. Stay tuned to our emails and social media in the coming weeks for the full release of the report. We hope you will take the time to review it carefully and join us as we work collaboratively to solve some of the biggest challenges facing employers and their employees.

News You Can Use

This week's key economic data points kicks off tomorrow with an early look at consumer confidence for March and new home sales for February. Wednesday brings us durable goods orders for February, while on Thursday we’ll see revised Q4 GDP numbers, and retail inventories and pending home sales for February. We wrap up the week on Friday with personal income and personal spending data points from February and consumer sentiment for March. 

 

KB Home starts off the week of earnings calls today, and is joined by McCormick & Company, GameStop, Worthington Enterprises and others on Tuesday. Dollar Tree, Chewy, Cintas, Paychex, H.B.Fuller, and Steelcase are among the companies with calls on Wednesday. Lululemon Athletica, Winnebago, and others round out the week of calls.

Michael J. Quaranta

President

Delaware State Chamber of Commerce

Uniquely Delaware

Delaware Demographics: 16th for Net Domestic Migration

While Delaware benefits from positive in-migration (16th), particularly when compared to neighboring states like Pennsylvania, Maryland, New Jersey, and New York, much of that growth is attributed to retirees and our ranking as the 6th oldest state. This demographic shift will have profound implications for the state’s future workforce, education and health care systems, and public investment decisions. With skilled workers increasingly in shorter supply and the definition of qualified workers expanding, it becomes imperative to continue looking for ways to enhance, attract, and retain our workforce. More insights like this can be found in our Delaware Competitiveness Bluebook.


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AmeriHealth Caritas Delaware has been chosen as one of the Medicaid managed care plans for the Diamond State Health Plan and Diamond State Health Plan-Plus programs. Their goal and mission is to help people get care, stay well, and build healthy communities.

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Upcoming Events

Spring Manufacturing

& Policy Conference

Thursday, March 27

9:00 am - 1:00 pm

 

Delaware Tech

Terry Campus

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Wednesday, April 9

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The Mill Space

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Navigating Delaware Pathways Summit

Tuesday, April 29

8:00 am - 2:30 pm

 

Bally's Dover Casino Resort

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