Best Business Environment
Delaware rank for overall corporate tax favorability for new firms
Delaware rank for overall corporate tax favorability for mature firms
Delaware is home to a highly attractive economic environment where today’s companies excel. Here, we merge an accessible and willing government with a low cost of doing business and powerful legal, governing, and corporate tax regulations that make Delaware one of the best place to incorporate your business and strategically position your company.
Thanks to Delaware’s strategic position at the center of business in the Northeast United States, our residents and employers aren’t limited to only one airport for business and personal use. In fact, Delaware commercial airline passengers are within proximity to several airports, including:
Covering just 1,982 square miles in total, Delaware has an effective network of highways and primary and secondary roads to make transport simple, including major thoroughfares:
Delaware also offers freight and commercial rail service to reach 50 million people with 250 miles, including:
Delaware’s Port of Wilmington is a full service, strategically located Mid-Atlantic deep-water port at the confluence of the Christina and Delaware rivers, serving more than 200 million North American consumers. Located just 63 miles from the Atlantic Ocean, it is North America’s leading fresh fruit port, with the largest dock-side refrigerated complex on the continent.
In 2018, Emirati port operator Gulftainer entered into an agreement with the State of Delaware to privately operate the Port of Wilmington under a 50-year lease. Gulftainer will invest approximately $600 million to quintuple the port’s capacity, including construction of a new container-handling terminal. With the goal of a 75 percent increase in traffic for non-containerized goods like liquids and automobiles, Gulftainer intends to establish Wilmington as the largest logistics facility on the Delaware River.
As the only state in the nation that surpasses the FCC’s 25 Mbps broadband threshold, Delaware offers businesses a robust connectivity network unparalleled by other U.S. states. In fact, 95 percent of our state has GT 4Mbps access and we’re one of only a few U.S. states to invest in a Carrier Hotel concept offering more than 200 miles of dark fiber and connections with nine dark fiber providers.
With one of the nation’s lowest total energy consumptions, Delaware is also a committed to providing highly-effective and sustainable energy resources to our businesses. In fact, solar energy and biomass are the primary renewable energy resources used to generate electric in the First State.
Foreign Trade Zones are sites that are outside U.S. Customs territory. Delaware provides companies with the option of becoming a Foreign Trade Zone with Alternative Site Framework, which allows individual businesses throughout the state to import, export, assemble, warehouse and distribute products using imported materials and reduce or eliminate customs duties and federal excise taxes.
Any company in the state can apply to be a Foreign Trade Subzone and obtain these benefits:
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