Economic Incentives & Tax Credits
High impact incentives for small businesses in Delaware
Growing and supporting our businesses is one of our biggest priorities in the First State. Located less than 2 hours away from Philadelphia, Washington, DC, and New York City, Delaware is the prime location to locate and expand your business. Delaware is ideally suited for companies in the distribution, warehousing and logistics health care, financial and business services, and manufacturing sectors.Delaware offers a myriad of options for tax credits and incentives administered through the Delaware’s Division of Revenue and other administrative agencies. The various tax credits are available to use against the corporate and personal income taxes, gross receipts tax, public utility tax and many others.
Top tax incentive programs for small and medium-sized businesses in Delaware
Clean Energy Technology Device Manufacturers
This credit is for manufacturers of solar power devices, fuel cells, wind power devices, or geothermal power devices.
Delaware Strategic Fund
This discretionary program offers low-interest loans and grants to businesses for job creation, expansion, relocation, and brownfield redevelopment.
Encouraging Development Growth & Expansion (EDGE) Grant
The Division of Small Business awards EDGE Grants through a competitive selection process. Five STEM-based companies can each receive up to $100,000 for eligible expenses. Five Entrepreneur Class (non-STEM) businesses can each get up to $50,000.
New Business Facility Tax Credit
The credit program encourages startups and investments into new business facilities by providing credit per new job created.
New Economy Job Credits
The program is available to employers who add a minimum of 50 – 200 new jobs to the state within prescribed salary ranges and are available for up to 40% of withholding taxes collected and paid on behalf of the new employees.
Workforce Training Grant
The Workforce Training Grant is designed for Delaware employers who need to raise the skill levels of their existing workforce through customized training.
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Get the Tax Money You're Owed in Minutes
Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.