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Division of Small Business Director Damian DeStefano speaks at Latino Summit 2018.
Date Posted: Tuesday, October 30th, 2018

The state of Delaware spent $314.3 million in the last fiscal year on contracts with small and diverse businesses, including those owned by women, minorities and veterans. The large spending figure — a 9.4 percent increase from FY 2017 — presents a huge opportunity for small businesses. That was a key takeaway from a panel […]


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Technical.ly Delaware ranks the top Newark startups.
Date Posted: Monday, October 29th, 2018

Technical.ly Delaware recently ranked the top 10 startups based in Newark. Given Newark is home to the University of Delaware, it’s no surprise that many of these have some connection to UD, whether they were started by students or alumni or nurtured at UD’s Horn Entrepreneurship program. Solar energy company SHIO and medical device maker […]


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Damian speaks at Developing Delaware conference.
Date Posted: Tuesday, October 16th, 2018

Economic development officials and business leaders from across Delaware turned out Tuesday for the Delaware State Chamber of Commerce’s “Developing Delaware” conference in Dover. The speakers included Delaware Division of Small Business Director Damian DeStefano, who discussed the role of the new Division and how it works with the new Delaware Prosperity Partnership. The conference also included […]


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Date Posted: Wednesday, October 10th, 2018

High tech companies headquartered in Delaware will have a new source of funding starting Nov. 1. That’s the date Delaware’s new Angel Investor Tax Credit goes into effect. The Delaware Division of Small Business administers the tax credit which is aimed at helping companies raise the capital they need to start and grow and enable more […]


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Loan program expands to Wilmington's West Side.
Date Posted: Monday, October 8th, 2018

An expanded loan program will mean more opportunity for small businesses along Market Street in downtown Wilmington and on the city’s West Side. First State Community Loan Fund is expanding its program that offers forgivable loans to small business owners who open restaurants, retail shops and service businesses along the 10-block Market Street Corridor to include […]


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Delaware leads U.S. in wage growth
Date Posted: Tuesday, October 2nd, 2018

Wages grew at a faster pace in Delaware than in any other state between 2013 and 2018, says a new report from Atlanta-based site selection firm Garner Economics. The average hourly wage in Delaware climbed 11.2 percent, adjusted for inflation, to $25.81 per hour in August 2018 up from $23.20 in August 2013, according to […]


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Delaware a great place to start an IT solution business.
Date Posted: Tuesday, September 25th, 2018

Delaware is among the top 10 states in the U.S. as a location for starting an IT solution provider business, a new study finds. Delaware ranks No. 9 in the report by CRN magazine, which analyzed a variety of factors including: labor costs, workforce, taxes and regulation, cost of living, entrepreneurship and business climate. Delaware was […]


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4 taleaways on using technology in your small business
Date Posted: Tuesday, September 18th, 2018

Delaware Technical Community College held its 10th annual Kent County Economic Summit on Tuesday. The event included a panel discussion on “The Digital Transformation in Business.” Delaware Tourism Office Director Liz Keller was one of the panelists. The others were Sean Mace, vice president and chief operating officer, Eden Hill Medical Center; Don Chupp, CEO […]


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Apply by Sept. 19 for Delaware Startup Launchpad
Date Posted: Monday, September 17th, 2018

Have a new technology you want help in deciding whether it is worth bringing to market? Then you’ll want to sign up for Delaware Startup Launchpad, a four-session accelerator program offered by the Delaware Small Business Development Center, the Horn Entrepreneurship program at UD and the Delaware Founders Initiative. You’ll receive training and mentorship to […]


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Wilmington ranked a top 20 best small city to start a small business.
Date Posted: Saturday, September 15th, 2018

A new report from Verizon ranks Wilmington among the 20 best small cities in the U.S. to launch a business. The city ranked #17 in the study, which looked at 300 cities between 50,000 and 75,000 in population. The study looked at the following factors: the percentage of the population with a bachelor’s degree or […]


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