Zenbanx Creates Jobs in Delaware

Canadian online banking start-up Zenbanx, through a partnership with Delaware’s WSFS Bank, established its first commercial product in the U.S.: a mobile, multi-currency solution for people who live, work, or travel across borders. The partnership between Zenbanx and WSFS Bank will lead to the creation of up to 150 jobs in Delaware over the next 3 to 5 years. “In an increasingly global economy, innovative solutions like those being offered through Zenbanx allow for greater access and flexibility to customers worldwide,” said Delaware Governor Markell at the launch. “We’re thrilled they’ve chosen to call Delaware home.”

Creating Jobs Together

There are over 59 Canadian-owned companies operating in the State of Delaware and the numbers are growing year after year. These companies are responsible for over 6,500 jobs throughout the state. According to the Bureau of Labor Statistics data, the average salary in the state of Delaware is $49,520. This means that Canadian-owned businesses are directly responsible for over $323 million in salary dollars! Therefore, not only do Canadian companies pay their taxes locally, they also contribute to the local economy through these salary dollars. These companies employ Delawareans in every sector of the economy. Canadian companies are clearly major contributors to Delaware’s economy!

Delaware–Canada trade

  • Delaware exports to Canada: $580 million
  • Delaware imports from Canada: $780 million
  • Bilateral trade: $1.4 billion
  • Delaware services exports to Canada: $278 million

Delaware–Canada tourism

  • Delaware visits by Canadians: 59,700
  • Delaware vacation spending by Canadians: $33 million

Delaware’s top goods exports to Canada

  • Fruits & nuts: $182 million
  • Medicine, in dosage: $139 million
  • Plastics & plastic articles: $29 million
  • Fuel oil: $15 million
  • Heating, cooling & refrigeration equipment: $14 million

Delaware’s top goods imports from Canada

  • Crude petroleum: $304 million
  • Aircraft: $134 million
  • Plastics & plastic articles: $61 million
  • Inorganic chemicals: $25 million
  • Fuel oil: $24 million

Delaware exports to Canada by industry

  • Agriculture (36%)
  • Chemicals (29%)
  • Equipment & machinery (15%)
  • Minerals & metals (6%)
  • Plastics & rubbers (5%)
  • Energy (3%)
  • Other (7%)

Delaware imports from Canada by industry

  • Energy (43%)
  • Transportation (18%)
  • Plastics & rubbers (8%)
  • Minerals & metals (8%)
  • Chemicals (6%)
  • Equipment & machinery (5%)
  • Other (12%)

Delaware Jobs

  • 26,600 Delaware jobs depend on trade and investment with Canada

Delaware top services exports to Canada

  • Financial services: $145 million
  • Insurance services: $58 million
  • Travel: $28 million
  • Business, professional & technical services: $24 million
  • Royalties & license fees: $12 million


  • 26,600 jobs in Delaware depend on Canada–U.S. trade and investment
  • Total Canada–Delaware goods trade: $1.4 billion

Connect to our team

For more information on Delaware’s trade with Canada, please contact our trade team in New York.

September 2016
Unless otherwise mentioned, all figures are based on 2015 data in U.S. dollars. Statistics Canada: 2014 tourism, based on combined same-day and overnight travel (8/2016 release, US$1.00=C$1.1045). U.S. Census Bureau: goods trade, Canada’s export ranking (2/2016 release). U.S. Bureau of Economic Analysis: goods and services trade (3/2016 release). Trade Partnership: 2014 services trade (11/2015 release). Job numbers are from a study commissioned by the Government of Canada (11/2014 release, 2013 data). Figures may not add up due to rounding. Produced by the Embassy of Canada in Washington, D.C.