The Delaware Strategic Fund
The Strategic Fund represents the primary funding source used by the Delaware Economic Development Office (DEDO) to provide customized financial assistance to businesses. For businesses considering locating in the State of Delaware, financial assistance may be provided in the form of low-interest loans, convertible loans to grants, or other creative instruments to support the attraction of businesses hiring Delawareans. For more information, please view DEDO's website at dedo.delaware.gov or call 302-739-4271.

Gross Receipts Tax Reductions
In addition to corporate income tax credits, firms may qualify for a gross receipts tax exemption for the first five years, and will then have gross receipts taxes reduced on a declining scale for the next ten years, beginning with a 90% reduction on the sixth year and ending with a 5% reduction on the 15th year.

Tax Credits from New Economy Jobs Program
Eligible businesses receive an initial 25% rebate on withholding taxes. To qualify, the business must add at least 50 new jobs, of each which must have an annual salary of at least $100,000. Participating businesses may receive a maximum rebate of up to 40% after 250 qualifying employees have been hired and the business operates within targeted growth zones, incorporated municipalities or former brownfields. Qualifying firms are eligible for credits for a ten-year period.

Public Utility Tax Rebates
Tax Credits are available for a rebate of 50 percent of the public utilities tax imposed on new or increased consumption of gas and electricity for five years. The public utilities tax rate is 4.25 percent. The utility tax on the consumption of electric by licensed manufacturers and food or agribusiness processors is reduced to 2 percent. Additionally, electricity consumed in the manufacturing of automobiles is exempt from utility taxes.

Business Finder's Fee (BFF)
The Business Finders Fee (BFF) program is designed to incentivize existing Delaware businesses to leverage their relationships with suppliers, customers and other businesses to expand and relocate to Delaware, resulting in job creation and strengthened supply networks. If a Delaware business recruits a new company to the state, both will earn a $500 tax credit per year, for 3 years, for every new job created.