![]() Wilmington has made big investments in new parks, roads, infrastructure, downtown lofts and homes. New companies looking to relocate to Wilmington will find resources that help large and midsize businesses as well as existing business expansions, growth and problem solving that might include buying new equipment. Business owners regularly comment on the outstanding assistance provided by the city of Wilmington, along with the futuristic innovative way of thinking held by local leaders. Financial Assistance and Tax and Property Incentives are readily available. Wilmington provides customized support and creative business solutions in order to maintain retention and expansion. Wilmington is an attractive location for a company headquarters or for satellite offices for these and other corporations. Half of all American publicly traded companies and two-thirds of Fortune 500 companies are incorporated in the state. This, along with pro-business legislation, has made Delaware a top state to incorporate in. Delaware is home to the Chancery Court - the oldest business court in the country, known for reining in frivolous lawsuits. “Hands down, Delaware has some of the most competent and experienced judges and most stable legal system in the country,” said Harold Kim, chief operating officer of the U.S. Legal Benefitsĭelaware is the best legal climate for corporations according to the U.S. For example, Philadelphia is just 20 minutes away but Pennsylvania’s taxes are higher, having one of the highest corporate tax rates in the country according to the Tax Foundation. Lower Cost of Doing Businessīeing a suburb of Philadelphia, the city of Wilmington offers businesses the advantage of being near one of the east coast’s largest cities, but without the high price tag. In 2016, the regional GDP was 2.95 trillion and $400-billion of regional investment has been made in recent years - demonstrating how Wilmington’s location and assets have made it an ideal location for business attraction and growth. Other nearby airports include Harrisburg (MDT) (71.6 miles), Baltimore (BWI) (71.9 miles), Newark (EWR) (97.9 miles) and Reagan Washington (DCA) (101.6 miles). The nearest and most accessible airport is Philadelphia (PHL) Airport which is 18.2 miles away. Wilmington boasts many large and small businesses, is a suburb of Philadelphia yet holds a smaller urban infrastructure with several major highways and near 4 major international airports and 1 national airport. Industrialists and executives have chosen Wilmington since the turn of the century and the downtown’s early-20th century DuPont Building is a staple icon for this legacy of business success and wealth. Wilmington is in the middle of it all! Located on the Christina and Delaware rivers, Wilmington offers a beautiful backdrop for corporate headquarters.
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