CEO Guide to Site Selection

Delaware

FINANCIAL ADVANTAGES IN THE FIRST STATE

While the First State may lack size and population, it offers businesses and workers many financial advantages. Last year, Wallet Hub noted that Delaware had the third-lowest consumer tax burden in the United States and a lower cost of living than most East Coast states. Several companies have announced expansions and locations here recently. Early-stage biopharmaceutical company UvaxBio is expanding and creating 63 jobs in Wilmington. DuPont Semiconductor Technologies is embarking on a $50 million expansion in Wilmington in response to industry demand. And protective case manufacturer CP Cases recently selected Frankford as the new site of its U.S. operations.
“I believe that our success as a state must start with building a strong and growing economy. We know that a good job solves a lot of problems—and that’s not just political rhetoric.”
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

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

Startup302 is the state’s funding competition for technology and tech-enabled startups led by underrepresented founders. The Program allows entrepreneurs from across the country to compete for non-dilutive funding, access to mentors and valuable connections. Finalists get to pitch in person and compete for grants of up to $20,000.

BIG DEALS

  • EtailFlow announced an expansion and 45 new jobs over the next three years in Wilmington.
  • Fisher’s Popcorn announced in April 2023 it will locate a $4.85 million facility in Frankford and add 20 new jobs.
  • Blindsight Delaware Enterprises announced in June 2023 a $2.3 million hub and 225 new jobs in Wilmington.
  • Agilent Technologies announced in June 2023 a $22 million investment to expand its Newport manufacturing facility.
  • Agile Cold Storage announced in August 2023 it will build a $170 million cold storage facility and create 130 jobs in Claymont.

BIG COMPANIES

  • DuPont (Fortune 500 headquarters)
  • Coinbase Global (Fortune 500 headquarters)
  • Chemours
  • Marvell Technology
  • Enovis
  • Navient
  • Incyte
  • SLM
  • 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.