Location of Delaware

Delaware is a state in the Northeastern United States. Delaware's economy shifted to a manufacturing base in the late 19th century, led by the transformation of the DuPont Company.[1] Modern growth in the financial workforce has overtaken the manufacturing sector in the state's economy. The Delaware General Corporation Law provides a flexible and stable framework for national incorporation.[2] While they are seldom headquartered in the state, the management-friendly and mature legal system attracts many corporations; over 66% of the Fortune 500 are incorporated in Delaware.[3]

Largest firms

This list shows firms in the Fortune 500, which ranks firms by total revenues reported before January 31, 2018.[4] Only the top five firms (if available) are included as a sample.

Rank Name Revenues (USD $M) Employees Notes
451 Chemours 6,183 7,000 Wilmington-based commodity chemical manufacturer, spun off from DuPont in 2015. The firm produces Titanium dioxide, Fluoropolymers, and other reactive chemicals.
515 Navient Corporation 5,179 6,700 Financial services corporation providing asset management and financial administration support, specifically in the student loan sector.

Notable firms

This list includes notable companies with primary headquarters located in the state. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
     Active      State-owned      Defunct
Name Industry Sector Headquarters Founded Notes
21st Century Insurance Financials Property & casualty insurance Wilmington 1958 Auto insurance, part of Farmers Insurance Group
Aurora Bank Financials Banks Wilmington 1921 Bank
Bank of Wilmington and Brandywine Financials Banks Wilmington 1810 Bank
Chemours Basic materials Commodity chemicals Wilmington 2015 Chemicals, spun off from DuPont
Delaware Intercorp Industrials Business support services Newark 1996 Registry services
Del-One Financials Banks Dover 1960 Credit union
Dogfish Head Brewery Consumer goods Brewers Milton 1995 Brewery
DuPont Basic materials Commodity chemicals Wilmington 1802 Chemical conglomerate
Du Pont Motors Consumer goods Automobiles Wilmington 1919 Automobile manufacturer, defunct 1931
EDiS Company Industrials Heavy construction Wilmington 1908 Construction management
Fordham & Dominion Brewing Company Consumer goods Brewers Dover 2007 Brewery
Grant & Eisenhofer Industrials Business support services Wilmington 1997 Law firm
Happy Harry's Consumer services Broadline retailers Wilmington 1962 Drugstores, merged into Walgreens
Harlan and Hollingsworth Industrials Commercial vehicles & trucks Wilmington 1837 Ships and rail, defunct 1904
Hercules Inc. Basic materials Commodity chemicals Wilmington 1912 Gunpowder
House Industries Industrials Business support services Yorklyn 1990 Design studio
ILC Dover Industrials Aerospace Frederica 1932 Aerospace engineering
Incyte Health care Pharmaceuticals Wilmington 1991 Pharmaceuticals
Iron Hill Brewery & Restaurant Consumer goods Brewers Newark 1996 Brewery
Jackson and Sharp Company Industrials Commercial vehicles & trucks Wilmington 1863 Ships and rail
Jade Tree Consumer services Broadcasting & entertainment Wilmington 1990 Record label
Nassau Valley Vineyards Consumer goods Distillers & vintners Lewes 1993 Winery
National Bank of Delaware Financials Banks Wilmington 1795 Bank, defunct 1929
National Vulcanized Fiber Industrials Building materials & fixtures Yorklyn 1923 Material manufacturing
Navient Corporation Financials Consumer finance Wilmington 2014 Student loan services
P&L Transportation Industrials Railroads Wilmington 1995 Railway holdings
Pusey and Jones Industrials Commercial vehicles & trucks Wilmington 1848 Shipbuilder, defunct 1959
TMI Group of Companies Industrials Industrial machinery New Castle 1931 Testing equipment
Tritek Technology Software Wilmington 1984 Mailing software
Twin Lakes Brewing Company Consumer goods Brewers Newport 2006 Brewery
Union Bank of Delaware Financials Banks Wilmington 1839 Bank, acquired by Wilmington Trust in 1943
Victorine & Samuel Homsey Industrials Business support services Wilmington 1935 Architects, defunct 1979
W. L. Gore and Associates Basic materials Commodity chemicals Newark 1958 Fluoropolymers
Wilmington Trust Financials Asset managers Wilmington 1903 Financial services
Wingspan Bank Financials Banks Wilmington 1999 Online bank, defunct 2001
WSFS Bank Financials Banks Wilmington 1832 Bank and financial services
Young Conaway Stargatt & Taylor Industrials Business support services Wilmington 1959 Law firm

See also

References

  1. ↑ William W. Boyer; Edward C. Ratledge (9 December 2015). Growing Business in Delaware: The Politics of Job Creation in a Small State. University of Delaware Press. pp. 183–. ISBN 978-1-61149-595-9.
  2. ↑ Alan R. Palmiter (2009). Corporations. Aspen Publishers Online. ISBN 978-0-7355-7826-5.
  3. ↑ "About Agency". Delaware Division of Corporations.
  4. ↑ DeCarlo, Scott (15 July 2018). "The Fortune 2017 Global 500". Fortune.
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