Specific Need:Incubation/CoworkingBusiness PlanningSite SelectionOperationsMarket DevelopmentAccess to Capital | Target Population:WomenMinority | Service Area(s):New CastleWilmington | Industry:BankingConstructionFinancial ServicesTelecomIndustrialGreen EnergyBioscienceManufacturingChemistryHigh-TechRetailFood ServiceMain StreetSmall Business | Business Stage:ExpandingEstablishedStart-up
Wilmington (pop. 71,000) is Delaware's largest city. The city is synonymous with financial giants, like JPMorgan Chase, Barclays and Capital One, along with chemical companies, including Dow DuPont and Chemours. Employees at these business help provide a large customer base for a downtown packed with restaurants and other small businesses. Wilmington is part of the Downtown Delaware program and its downtown is designated a Downtown Development District.
A program geared towards increasing accessibility for minority and economically disadvantaged entrepreneurs and small business owners. The program aims to get minority and economically disadvantaged persons owned businesses more involved in the city's procurement process and awarding said businesses increased numbers of city contracts
Funded by the city's Strategic Economic Development Fund, the program offers financial assistance in the form of grants, advances, or loans for small businesses in the city that incur relocation or workforce development costs and prove to have a positive economic impact on the city
An 8-week business planning and management training course that includes one-on-one business plan counseling, open to all Delaware small businesses and to Wilmington based small businesses at a discounted rate
5 year abatement of employers head tax ($15 per month per employee) for new businesses granted they hire 50 new employees. For businesses with 25 or fewer employees the 5 year abatement requires the business to make a 5 year commitment or invest in a city location. 10 year abatement of city real estate tax for commercial construction, redevelopment, or renovation
The Delaware Division of Small Business, part of the Delaware Department of State, is a service-focused agency committed to supporting businesses starting and growing in Delaware. Small businesses can reach out to the Division for assistance in connecting to the resources and advice to succeed. The Division is a champion for Delaware small businesses and is here to help take companies to the next level.