Whatever size your business, whatever industry, whatever development stage, the state of Delaware may have an incentive or tax credit that can help you secure new capital or keep more revenue. Learn more below about the state’s various programs to grow the state’s economy through helping companies, like yours, succeed.
EDGE Grants provide matching grants to young Delaware small businesses through on-going rounds of a competitive selection process. STEM-based companies can receive up to $100,000 for eligible expenses, and other businesses can get up to $50,000.
Delaware’s State Small Business Credit Initiative-Funded Programs (SSBCI) is aimed at providing access to capital for small and early-stage businesses, particularly those in underserved areas. The Division will work with financial lending partners to distribute SSBCI funds through four programs – two of which support loans:
and two which support start up and early stage businesses:
Workforce Training Grant is a matching program that funds specialized training for companies of up to $100,000 per project. View the program Fact Sheet here, and the Grant Application here. Want to see how the grants are scored? View the evaluation rubric and scoring sheet here.
Delaware Strategic Fund is the Division’s primary funding source to support business retention and expansion through grants and low-interest loans to projects that grow the state’s economy in a significant way. Learn more about program requirements here in the Strategic Fund Fact Sheet.* All Strategic Fund requests must go before the State’s Council on Development Finance (CDF). DSB serves as the fund disbursement and monitoring arm of CDF.
The Delaware Economic Development Authority is the financing vehicle for the incentives programs administered through the Delaware Division of Small Business.
Transportation Infrastructure Investment Fund (TIIF) grants are available to new or expanding job-generating businesses in the state to help offset their transportation improvement costs. Grant funds are disbursed as reimbursement for completed transportation infrastructure work.
Click here for more information on applying for an incentive.
The Division of Revenue administers tax credits related to economic development (list below). Click here to contact Revenue for more information and here to apply for a credit.
Related Topics: angel investor, Angel Investor Job Creation and Innovation Act, Angel Investor Tax Credit, Incentive Programs, incentives, Opportunity Zones, programs