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Division of Small Business

Delaware Department of Finance

Specific Need:  Market Development Access to Capital    |   Target Population:  Veteran  Low Income    |  Service Area(s):   New Castle  Kent  Sussex  Outside Delaware  Wilmington    |   Industry:   Telecom  Industrial  High-Tech    |  Business Stage:  Expanding  Established  Start-up   

About this Organization

The Department of Finance is an executive agency headed by a cabinet secretary appointed by the governor. The secretary is the state's chief financial officer and is responsible along with the rest of the department for promoting Delaware's fiscal health by generating, collecting, and accounting for funds used to fund all services provided by the state government. The DOF is the source of economic and fiscal policy and is responsible for managing the state's fiscal resources. The department, particularly the Division of Revenue, also administers several resources used to promote state-wide economic development efforts.


Programs

A tax credit that incentivizes companies in the telecommunication services industry to hire new employees
A credit designed to incentivize Delaware businesses to form relationships and partnerships with non-Delaware businesses and encourage their relocation or expansion to Delaware
Available for qualified industrial firms
A tax credit that incentivizes corporations to expand operations by establishing new facilities.
A credit available for small businesses with research and development expenses
An incentive in the form of a refundable credit to hire military veterans who served active duty after 2001. Can be applied against bank franchise tax, corporate or personal income tax, or insurance general premium tax
A credit designed to promote and assist people with moving from welfare to employment
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Contact this Organization

Primary Contact

Carol Thomas


Website

https://finance.delaware.gov/


Address

820 North French Street
Wilmington, DE
19801


Phone

302-577-8522


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