CEO Guide to Site Selection

Delaware

THE FIRST STATE DELIVERS ON FINANCES

While the First State may lack in size and population, it offers businesses and workers many financial advantages. Wallet Hub’s 2022 Tax Burden by State noted that Delaware has the third-lowest tax burden in the United States, in addition to a lower cost of living than most East Coast states. Another study also ranked it the sixth-lowest cost of living in the United States, with 75% of households owning their own home. Biosciences remains a hot sector and has now generated more than $2 billion in GDP and employs 11,000 residents, accord- ing to the Delaware Prosperity Partnership (DPP).

“Delaware has a long legacy of excellence in the financial services industry, and we remain committed to fostering an innovation ecosystem for businesses of all sizes. Our location in the heart of the Mid-Atlantic region, strong workforce and quality of life make Delaware a great place for companies to put down roots and create jobs.”
John Carney
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

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 2010 and 2020

KEY INCENTIVES

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

New Economy Jobs Tax Credit: Offers an annual tax credit of up to 40% of the withholding taxes collected for employers that 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 new jobs and invest at least $200,000.

Transportation Infrastructure Investment Fund: Allows 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

Launched in February 2021, the Science Inc. Accelerator Program brings together a cohort of 10 startups every year to grow their companies. Over the course of four months, companies participate in weekly programming, mentoring and coaching, culminating in the Science Inc. Demo Day, where each company can pitch to investors and partners.

BIG DEALS

  • Investor Cash Management announced in December 2021 a $15 million headquarters and customer service center in Wilmington that will create nearly 400 jobs.
  • Water quality testing instrumentation company LaMotte announced in February 2022 a $3.3 million expansion and 100 new jobs in Newark.
  • Agilent Technologies announced in May 2022 a $7 mil- lion upgrade and expansion of its facilities in Little Falls.
  • Green energy startup Versogen announced in June 2022 a $4.8 million expansion at a new facility at the FMC Stine Research Center in Newark, Delaware.
  • DuPont announced in August 2022 a $50 million expansion and 10 new jobs at its facility in Wilmington.

BIG COMPANIES

  • DuPont (Fortune 500 headquarters)
  • Coinbase Global (Fortune 500 headquarters)
  • Chemours
  • Enovis
  • Navient
  • Incyte
  • Ashland
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.