Tax Advantages in Delaware
The State of Delaware has adopted a clear, bipartisan policy to attract new business and encourage the expansion of existing operations. Key tax features, which now make Delaware more competitive, include:
The following organizations can help you start or expand your business:
The Delaware Economic Development Office, through its financing subsidiaries, the Delaware Economic Development Authority and the Delaware Development Corporation, offers comprehensive assistance in loan "packaging" by utilizing existing State and federal programs. The Authority is skilled in generating financing options for the State's business community in conjunction with private financial institutions. By customizing a loan package for your firm, our professional staff is able to match development needs with available financial resources.
The Small Business Development Centers (DSBDC) will answer your questions about managing a small business and provide information about small business issues. The DSBDC provides information, training and free, one-on-one counseling for small business owners and those interested in starting a business. The SBDC can obtain a market feasibility study for your business. It contains data such as a detailed demographic profile of your market area and a great amount of other information.
The Delaware Manufacturing Extension Partnership (DEMEP) is a non-profit resource organization offering affordable, confidential technical and business solutions to the small and medium sized manufacturers of Delaware. DEMEP provides sound technical field agents and consultants who specialize in solving problems that are unique to manufacturers.
SCORE provides one on one counseling for small business people thinking about starting a small business and for current business owners from retired executive volunteers. The organization also offers low-cost business skills workshops throughout the state.
The Delaware Innovation Fund is a seed and early-stage venture capital firm established as a public/private sector initiative to assist Delaware companies in the critical pre-seed and early stages of formation. The fund provides financial and technical assistance to Delaware-area based businesses which have the potential to launch innovative products and processes into national markets, to create new jobs, and to make a significant contribution to the economic diversity and the technology base of Delaware’s communities.
The mission of the U.S. Small Business Administration Delaware District Office is to aid, counsel, assist and advocate the interests of the state’s small business community, utilizing various financial, investment, procurement, as well as business development programs and resources.