Delaware in in position to attract Data Centers
Delaware is well positioned to capitalize on banks’ demand for data security and data storage technology workers, according to a new study.
Princeton, N.J.-based The Boyd Co., which advises banks and other financial service firms on where to locate offices and other facilities, found that Delaware and Wilmington, the state’s largest city, are in a good position to capitalize on the demand. And data security/data storage is one of the few niches within financial services that’s experiencing significant job growth, said John Boyd Jr.
But the First State is also facing competition for these high-paying data banking jobs from small, low-cost cities in the West and the South, such as Sioux Falls, S.D. and Winston-Salem, N.C.
There are about 41,000 people nationwide now working in financial services data security/storage, and that number is expected to grow by 19 percent annually over the next five years, according the firm’s projections. Jobs in the field generally pay between $50,000 and $100,000, according to the firm’s study.
If major banks decide to locate their data security/storage centers in Delaware, it could ultimately mean the addition of several hundred jobs here, Boyd estimated.