Business Climate

Applying the criteria for favorable business climate to the profile of New Castle County reveals a close match in geographical location advantages, access to transportation infrastructure, labor force characteristics, cost of living, tax policy and business presence.

 

There are no sales and equipment taxes in Delaware, which brings down the cost of doing business in the state at 88% of the national average. Also, the state is ranked as having the third lowest levels of state and property tax levels combined.

In this context the reputation of Delaware as a leading domicile for U.S. and international corporations is not surprising. Over half a million business entities have made Delaware their legal home including 280,000 corporations and 400,000 alternative entities.  More than 50% of all publicly-traded companies in the United States, including 60% of the Fortune 500 have also chosen Delaware as their legal home.

 

The partnership between business and government has a long tradition built upon the Delaware General Corporation Law and the functioning of the Delaware Court of Chancery, a unique 210 year old business court that has written most of the modern U.S. corporation case law. 

State and local authorities have made a clear commitment to work with the businesses to facilitate their operations in the county and thus make possible for them to grow and expand.

The Commercial-Industrial Realty Council of New Castle County, Delaware

Site Selection Tool hosted by Delaware Office of Economic Development

Delaware Business Search

Business Images of New Castle County is an annual publication portraying developments in the county in all walks of life covering issues from transporation and technology, to health care and quality of life. It is available online and as a hard copy published by Journal Communications Inc.