AMP member communities — a compelling model for success
AMP’s public power member communities have been recognized time and time again for their successful business climate. AMP member communities are largely located within the top 15 states for business climate, according to Site Selection Magazine’s Top State Business Climate Rankings.
Rankings & accolades
Virginia: Consistently ranked as a top state for doing business. “Forbes has rated the business climates of the 50 states since 2006, with only North Carolina (three times), Utah (six times) and Virginia (five times) ever claiming the top spot.” Source
Delaware: #8 of Top 10 Best States for Business
Two-thirds of Fortune 500 companies are incorporated in Delaware.
Business birth rate: 3.5% | Tax burden: 6.6% of state personal income | Patent creation: 381 per million people Source
Maryland: #3 of top 10 Best States for Economic Opportunity
The highest state median household income in the nation.
Median household income: $80,776 | Poverty rate: 9.3% | Food-insecure households: 10.4% Source
By the numbers
Regional population: 2,293,511
Labor force: 1,175,558
Total number of business establishments: 105,204
Average household income: $65,807
Population holding a post-secondary degree or higher: 36%