Delaware

USA
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Overview

Delaware is a state located in the Mid-Atlantic or Northeastern regions of the United States.[a] It is bordered to the south and west by Maryland, to the northeast by New Jersey, and to the north by Pennsylvania. The state takes its name from Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia's first colonial governor.

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EDO Spotlight

Regional Marketplace Delaware (Coming Soon)
EDO Website Delaware Economic Development Office
SelectUSA Contact Fred Johnson

Companies

Projects

Incentives

Governor's Education Grant for Unemployed Workers Grants

This program aims to help qualified individuals with training costs to learn a new skill or upgrade a current skill, and is designed to help those who lost jobs due to the current economic climate.

Governor's Workforce Development Grant Grants

The Governor’s Workforce Development Grant for Working Adults is designed to assist working adult students who meet enrollment, employment, and income eligibility requirements. Working adult students who meet enrollment, employment and income eligibility requirements may be eligible for $2,000 for one academic year.

Brownfield Assistance Program Grants

The Brownfield Assistance Program encourages redevelopment of environmentally distressed sites within Delaware by helping reduce capital expenditures. The Program is funded through the Delaware Strategic Fund and offers up to $1 million annually in matching funds to assist with investigation and remediation of brownfield sites.

Federal Research and Development Matching Grant Program Grants

In the 2015 Fiscal Year Capital Appropriations Act, the Delaware General Assembly enacted the Federal Research and Development Matching Grant Program to support federal research and development programs to Delaware institutions. The purpose of the matching grant program is to support work that complements and extends an on-going federally funded project or assists with start-up costs.

Delaware New Jobs Infrastructure Fund Grants

The State may provide discretionary grants to businesses for infrastructure improvements that result in job creation and capital investment.

Delaware Technical Innovation Program (DTIP) Grants

Companies involved in small business innovation—including research-and-development firms looking for the next scientific and technological breakthroughs—can apply for Small Business Innovation Research (SBIR) grants and Small Business Technology Transfer (STTR) grants as a pathway to receiving DTIP grants.

Delaware Strategic Fund (DSF) Grants

Discretionary program offers low-interest loans and grants to businesses for job creation, expansion, relocation, and brownfield redevelopment.

Credit and Loans for Small Businesses Low Interest Financing

Any small business in Delaware with fewer than 750 employees is eligible to apply for capital and lower interest rates. This loan participation program is designed to enhance access to capital and lower interest rates. Loan proceeds can be used for any business expense — including payroll, inventory, machinery and equipment — and to supplement general working capital needs.

Research and Development Credit Tax Credits

Offers a non-refundable tax credit equal to either: (a) 10% of the excess of the taxpayer’s total qualified research and development over its base amount, or (b) 50% of Delaware’s apportioned share of the taxpayer’s federal research and development tax credits, with modifications.

New Business Facility Corporate Income Credit Tax Credits

Program provides an as-of-right tax credit to businesses that create at least 5 jobs and make a capital investment of at least $200,000 ($40,000 per employee). The credit is equal to $500 per job and an additional $500 for every $100,000 in capital investment.

Business Finder's Fee Tax Credit Tax Credits

To qualify for the refundable tax credit, both the existing business (called the Sponsor Firm) and the relocating business (called the New Business Firm) must jointly file an application and the New Business must create at least 3 full-time jobs. The Sponsor Firm and New Business are both able to claim an annual credit equal to $500 for each new full-time job created by the New Business.

Tax-Exempt Bond Financing Tax Exemptions

New or expanding businesses, governmental units and certain organizations exempt from federal income taxation can be eligible for statewide financial assistance in the form of tax-exempt bonds through the Delaware Economic Development Office.

Relevant Links

42

fdi rank

28,300

fdi jobs

7.6%

of total private employment from fdi

350

global employers

19.9%

5 year growth in fdi employment

3.6%

5 year growth in private sector employment

FDI Employment by Industry

FDI Employment by Country

3,887,534,299

exports ($)

5,013,405,443

imports ($)

16

state-local tax burden rank

Census Data

Population
Population estimates, July 1, 2016, (V2016)952,065
Population estimates base, April 1, 2010, (V2016)897,936
Population, percent change - April 1, 2010 (estimates base) to July 1, 2016, (V2016)6.00
Population, Census, April 1, 2010897,934
Age and Sex
Persons under 5 years, percent, April 1, 20106.20
Persons under 18 years, percent, April 1, 201022.90
Persons 65 years and over, percent, April 1, 201014.40
Female persons, percent, April 1, 201051.60
Race and Hispanic Origin
White alone, percent, April 1, 201068.90
Black or African American alone, percent, April 1, 201021.40
American Indian and Alaska Native alone, percent, April 1, 20100.50
Asian alone, percent, April 1, 20103.20
Native Hawaiian and Other Pacific Islander alone, percent, April 1, 2010
Two or More Races, percent, April 1, 20102.70
Hispanic or Latino, percent, April 1, 2010 (b)8.20
White alone, not Hispanic or Latino, percent, April 1, 201065.30
Population Characteristics
Veterans, 2011-201571,213
Foreign born persons, percent, 2011-20158.70
Housing
Housing units, April 1, 2010405,885
Owner-occupied housing unit rate, 2011-201571.20
Median value of owner-occupied housing units, 2011-2015231,500
Median selected monthly owner costs -with a mortgage, 2011-20151,537
Median selected monthly owner costs -without a mortgage, 2011-2015445
Median gross rent, 2011-20151,018
Families and Living Arrangements
Households, 2011-2015344,022
Persons per household, 2011-2015262.00
Living in same house 1 year ago, percent of persons age 1 year+, 2011-201586.60
Language other than English spoken at home, percent of persons age 5 years+, 2011-201512.90
Education
High school graduate or higher, percent of persons age 25 years+, 2011-201588.40
Bachelor's degree or higher, percent of persons age 25 years+, 2011-201530.00
Health
With a disability, under age 65 years, percent, 2011-20158.50
Persons without health insurance, under age 65 years, percent6.80
Economy
In civilian labor force, total, percent of population age 16 years+, 2011-201563.10
In civilian labor force, female, percent of population age 16 years+, 2011-201559.40
Total accommodation and food services sales, 2012 ($1,000) (c)2,148,437
Total health care and social assistance receipts/revenue, 2012 ($1,000) (c)7,003,251
Total manufacturers shipments, 2012 ($1,000) (c)22,597,384
Total merchant wholesaler sales, 2012 ($1,000) (c)5,628,914
Total retail sales, 2012 ($1,000) (c)14,456,001
Total retail sales per capita, 2012 (c)15,763
Transportation
Mean travel time to work (minutes), workers age 16 years+, 2011-201526
Income and Poverty
Median household income (in 2015 dollars), 2011-201560,509
Per capita income in past 12 months (in 2015 dollars), 2011-201530,554
Persons in poverty, percent12.40
Businesses
All firms, 201273,418
Men-owned firms, 201238,328
Women-owned firms, 201223,964
Minority-owned firms, 201214,440
Nonminority-owned firms, 201214,440
Veteran-owned firms, 20127,206
Nonveteran-owned firms, 201260,318
Geography
Population per square mile, 2010461
Land area in square miles, 20101,949