This page is dedicated to the best resources for starting a business in Delaware.
Delaware is a beautiful state with one of the fastest growing economies in the US. The state also has lenient laws when it comes to the regulation of business taxation and business practice. These are just a few of the reasons why entrepreneurs are starting a business in Delaware faster than ever.
However starting any kind of business, no matter the state, can be challenging. You need all the help that you can get so you can start your business smoothly. In this resource roundup, I’m going to introduce you to the best resources for starting a business in Delaware. Enjoy!
Think of your business entity like the engine of a car. Depending on the kind of engine you have, you'll be able to go down different terrains and operate at different speeds. The business entity you choose will impact the legal protection you have, the taxes you pay and more. Choose wisely!
If you're wanting the most small business friendly structure with more flexibility and no double taxation, look into this guide.Learn More
If you're wanting a business structure more suited for bigger businesses and raising outside investment, look into this guide.Learn More
By learning about the journey of established business owners, the mistakes they’ve made and their best practices, you’ll be much better equipped to start a business.
You can create a free account with this business resource and seek free mentoring and coaching. SCORE will also provide you with helpful online workshops and a variety of business tools and templates to help you write a business plan and grow your startup.
DSBDC is an agency under the Office of Economic Innovation and Partnerships that aims to build and support entrepreneurship throughout Delaware. They conduct one-on-one consultations with clients to further grasp their needs and assist them as they start their business.
DEDO is a government agency that will assist you in starting, relocating, expanding and incorporating a business in Delaware. They also offer consultations and meetings for anybody aspiring to build their business in the state of Delaware. Some of their specific services include business evaluation, guidance, support and resources.
Small Business Alliance is the affiliate program of the Delaware State Chamber. Its main goal is to improve Delaware’s business industry by nurturing the growth and success of small businesses. It serves businesses with less than 150 employees, safeguarding their sustainability in Delaware’s dynamic economy. The program has the primary mission to provide programs, services and networking opportunities that will help Delaware’s small businesses.
The Delaware Small Business Chamber is an organization that aims to assist small to mid-sized business owners to start and maintain their business in the state of Delaware and other neighboring areas. Depending on the categories where you need help, the Delaware Small Business Chamber can provide you with resources and assistance in areas such as accounting, advertising, business coaching, social media consulting, web design and development and many others.
Named as the Mid-Atlantic Region’s first ever gender-focused small business development organization, the Women’s Business Development Center was established in July 1995 in partnership with the U.S. Small Business Administration’s Office of Women Business Ownership. The WBDC is commissioned to assist individuals who are starting a new business, or managing an existing one. Although the center was built to empower women, services are offered and available to individuals overall. They offer two important services, entrepreneurial training and business finance program.
The US Small Business Administration, Delaware District Office is one of the major provider of free services to anyone who wants to build a business in the state of Delaware. They will help you with the entire process of building your startup, from starting and managing it to looking for loans and grants and contracting. They also have a learning center where you can access hundreds of useful business resources; not to forget, they offer local assistance as well.
Delaware Small Business Grants is a website that helps you start and grow your small business through several grants which are applicable for women, minorities and veterans. Some grants under this program worth mentioning are the grants to Delaware residents, businesses, nonprofits, and state agencies for alternatively fueled vehicles, grants to Delaware businesses and municipalities for job creation and brownfields redevelopment and grants to Delaware businesses to defray the cost of skilled workforce training.
Delaware Grant Programs under the Delaware Economic Development Office is a great place to look for small business funding. Under this program there are grants which include the Delaware Strategic Fund (DSF), Delaware Technical Innovation Program (DTIP), Small Business Innovation Research (SBIR/STTR) Grant Application, Federal Research and Development Matching Grant Program and the Brownfield Assistance Program.
DCDC is a non-profit organization that lends small business owners long-term funding with low interest rates and reduced down payments. The organization has been helping small business owners since 1978, enabling them to purchase land, build new buildings, renovate existing ones and buy tools and machineries. DCDC partners with your local bank who will provide 50% of the funding, while the organization shoulders the remaining 40%. The 10% will be raised by you.
The Delaware County Economic Development’s competent staff are more than willing to assist you in looking for funding and capital for your Delaware small business. You have the opportunity to avail of the following financial resources: financing options for businesses relocating in Delaware, loans that are within $5,000 to $400,000, with loan term of 5 to 15 years, emergency financing needs, rebuilding of financing plan and federal funding sources.
SSBCI is a loan participation program administered by the Delaware Economic Development Office. The loan program is possible with the partnership of an individual lender and DEDO. It attracts lenders to invest money at a lower cost, enabling small businesses to gain private funding.
1313 innovation prides itself with a collaborative and interactive environment, that fosters connections to the business community and business leaders. It aims to change Wilmington into an innovative city through strategic alliance and education.
A program that offers project-based training, monthly events and office space. Supported by a $250,000 state grant to help quality startups grow and expand and develop a sustainable entrepreneurial environment in the state of Delaware.
One of the top consulting firms in Delaware, Delaware Consulting ensures operational excellence and business success even in a challenging economic climate. With a team of seasoned business experts, Delaware Consulting will make sure that your small business grows and expands even with the current economy.