Governor Carney and Legislators Announce Bill to Spur Investment in Innovative, Delaware-based Small Businesses
Bipartisan Angel Investor Job Creation and Innovation Act establishes 25 percent tax credit for investments in innovation DOVER, Del. – Governor John Carney and legislators in the Delaware House of Representatives on Friday announced new legislation – the Angel Investor Job Creation and Innovation Act – that would establish a refundable tax credit for qualified […]
Governor Jack Markell on Wednesday announced a statewide expansion of Delaware’s Downtown Development Districts program, significantly building on the state’s efforts to redevelop Delaware’s commercial business districts and drive private investment in towns and cities. Five new Downtown Development Districts were officially designated in Smyrna, Harrington, Milford, Georgetown and Laurel. Investors who make qualified improvements to residential, commercial, or industrial properties in those districts now may qualify for state and local development incentives, including 20 percent state grant rebates.
Governor Signs Legislation that Supports Delaware Entrepreneurs, Builds on Record-Setting Job Growth
Today at the coworking space The Mill in downtown Wilmington Governor Markell signed legislation that will give entrepreneurs across Delaware increased opportunities to access capital to grow their businesses. Sponsored by Representative Bryon Short (D-Highland Woods) and Senator Brian Bushweller (D-Dover), HB 327 permits the use of online crowdfunding platforms and allows Delaware residents to be investors in Delaware start-ups and small businesses, expanding the potential pool of investment capital while also giving Delawareans the chance to be early stage investors in these ventures. The measure enjoyed broad bi-partisan support and was passed unanimously in both houses of the General Assembly last month.
Governor Markell today joined hundreds of friends and family members who celebrated the graduation of 50 Delawareans who have recently completed the Generation USA Youth Employment Program, a partnership with the McKinsey Social initiative, and are on the path to securing employment in a variety of in-demand fields. This evening’s ceremony in the Clarion Hotel’s Belle Golden Ballroom recognized individuals who have completed training through the Certified Nursing Assistant (CNA) program and the new customer service program, which prepares participants for a range of customer-facing roles, including in hospitality and retail companies. Additionally, the CNA program is currently holding classes and Generation is recruiting 50 students to begin the customer service training program in May.
Special program to help small businesses immediately grow and create jobs