CEO Guide to Site Selection

Delaware

MOVING UP IN THE FIRST STATE

According to the Delaware Investment Agenda, the state’s economy has logged an impressive growth rate of more than 8% over the past decade. While the state’s bedrock industries of finance, agriculture and healthcare remain strong, there’s been further growth in developing sectors like biopharmaceuticals, manufacturing, fintech and clean energy production. The First State is now investing more into workforce development to ensure it has the workers to support the growth. Initiatives like the Delaware Career Mobility app and the Delaware Equitable Hiring Initiative aim to better connect workers to training and job opportunities.

"Today I announced three appointments who will lead key roles in my administration and help deliver for Delawareans with efficiency on Day One.”
Matt Meyer
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2020 and 2023

KEY INCENTIVES

New Economy Jobs Tax Credit: Offers an annual tax credit of up to 40% of the withholding taxes collected for employers who add at least 200 new jobs with an annual salary of $70,000, or 50 new jobs with salaries of at least $120,000.

New Business Facility Tax Credits: Offers a credit of $500 per employee hired and $500 for every $100,000 in capital invested for companies that create five jobs and invest at least $200,000.

Delaware Strategic Fund: Offers grants and low-interest loans to promote job creation and capital investment.

Transportation Infrastructure Investment Fund: Al-lows companies to make funded roadmap infrastructure improvements to support job-creating projects.

Workforce Training Grants: Offers matching grants of up to $100,000 per project for workforce training and development.

EDCs

Delaware Division of Small Business
business.delaware.gov/delaware-economic-develop- ment-authority

Delaware Prosperity Partnership
choosedelaware.com/state-economic-development-agency

Mayor’s Office of Economic Development, Wilmington, Delaware
wilmingtonde.gov/government/city-departments/office-of-economic-development

City of Dover, Delaware – Economic Development
cityofdover.com/economic-development

HIGHLIGHTED PROGRAM OR INITIATIVE

Now entering its fifth year, Delaware’s Startup302 competition connects investors and venture funds with founders while providing an infusion of nondilutive cash. Since its launch, the program has awarded more than $700,000 in grants to dozens of out of state and local companies improving the state’s innovation ecosystem. 

BIG DEALS

  • Novo, a fintech platform for small businesses, announced in December 2023 an expansion in Wilmington.
  • Phase Sensitive Innovations announced in April 2024 an expansion of its operations in Newark.
  • Global biopharma company Incyte announced in May 2024 the acquisition of two buildings in downtown Wilmington for expansion. The company plans
    to relocate 300 jobs to the area and create more than 500 future positions.
  • Delmarva Corrugated Packaging opened in June 2024 a $90 million super plant and added 160 new jobs in Dover.
  • AirJoule, a joint venture between GE Vernova and Montana Technologies, announced in July 2024 that it will open facilities in the state.

BIG COMPANIES

  • Dupont (Fortune 500 headquarters)
  • Ashland
  • Chemours
  • Enovis
  • Incyte
  • Marvell Technology
  • Navient
  • SLM
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.