The First State may be small, but it is one of the best states to do business in.
Delaware is the second smallest state in the U.S., yet is one of the best states to start a business in.
The market opportunity share of new entrepreneurs is better than most states, as is the business tax climate. It’s the state’s high productivity score that really gets The First state attention though, as it has the fifth-highest per capita GDP in the nation. The state believes small business growth is important to the future, and in order to attract the attention of entrepreneurs, they offer several incentive programs. There are also programs available to help get a loan or grant, work tax credits to your advantage, prepare your workforce training and more. Delaware is also known for their tourism, which is one of their chief industries. This helps expand the consumer base outside of the residents. Delaware may be tiny, but it’s a great place to start a small business.