Why Delaware

Access to Capital

Capital resources are available from the State of Delaware.

Delaware STEP Grant

The State Trade Expansion Program (STEP) Grant offers eligible Delaware businesses assistance to help in expanding export business. The grant may reimburse Delaware businesses up to 50% of all pre-approved, eligible, export marketing expenses up to a maximum of $5,000 per fiscal year per company. Delaware companies may receive funding up to a maximum of three times per country market, in a five-year period. For more information, or contact Beth Pomper.


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STEP Grant Allowable Costs:


Unallowable Costs to STEP Award:


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Delaware Receives Trade and Export Promotion Award from the SBA


Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.





Additional Funding

Additional capital resources are available from the State of Delaware, the Federal Government and other organizations. Options range from tax credits to low interest loans and other financing plans. Search here to find the right fit for your business.


Export Financing

  • Name of Incentive: Export Express Loan Program
  • Issuing Organization: SBA
  • Details: Simplest loans offered by the SBA, granted to support export activity. Loan approval in 36 hours or less.
  • Contact: William Houck
  • Phone: 202-557-4063
  • Connect: email  website
  • Name of Incentive: Export Working Capital Program
  • Issuing Organization: SBA
  • Details: Loans to fund export transactions from purchase order to collections, with a low guaranty fee and quick processing time.
  • Contact: William Houck
  • Phone: 202-557-4063
  • Connect: email  website
  • Name of Incentive: International Trade Loan Program
  • Issuing Organization: SBA
  • Details: Loans available to small businesses in a position to expand existing export markets or develop new export markets, or that have been adversely affected by import competition and can demonstrate that the loan proceeds will improve their competitive position.
  • Contact: William Houck
  • Phone: 202-557-4063
  • Connect: email  website

Specialized Operations

  • Name of Incentive: BIRD Foundation
  • Issuing Organization: BIRD - Binational Industrial Research and Development Foundation
  • Details: Works to encourage cooperation between Israeli and American companies in various areas of technology, and provides free assistance in locating strategic partners from both countries for developing joint projects. Supports up to 50% of a projects budget, and does not demand that the investment be repaid if the project fails.
  • Contact: Andrea Yonah
  • Phone: 609-356-0305
  • Connect: email  website
  • Name of Incentive: Brownfield Assistance Program
  • Issuing Organization:DEDO
  • Details: Matching grants to land owners and developers who have obtained a Brownfield Certification through the Department of Natural Resources and Environmental Control.
  • Contact: Jeff Stone
  • Phone: 302-672-6849
  • Connect: email  website
  • Name of Incentive: Small State Business Credit Initiative (SSBCI)
  • Issuing Organization: DEDO
  • Details: Below-market rates and flexible terms on five-year term or less loans for businesses in Delaware with less than 750 employees.
  • Connect: email  website
  • Name of Incentive: Working Capital Financing
  • Issuing Organization: Export-Import Bank of the United States
  • Details: Provides a guarantee on working capital loans provided by commercial lenders to help extend short-term loans to small and medium-sized businesses for their export funding needs.
  • Phone: 202-565-3946
  • Connect: email  website
  • Name of Incentive: Small Business Innovation Research Program
  • Issuing Organization: NIST
  • Details: Solicits research and development proposals from small businesses that respond to specific technical needs that are described in the annual Solicitation.
  • Contact: Mary Clague
  • Phone: 301-975-4188
  • Connect: email  website
  • Name of Incentive: Export Guarantee Program
  • Issuing Organization: USDA
  • Details: Provides credit guarantees to lenders encouraging financing or commercial exports of U.S. agricultural products, while providing competitive credit terms to buyers.
  • Contact: Daniele Swain
  • Phone: 202-720-3277
  • Connect: email  website
  • Name of Incentive: Tax-Exempt Bond Financing for Manufacturers
  • Issuing Organization: MEDFAS
  • Details: This tax-exempt financing option offers significant savings to manufacturers and provides incentives for expansion, capital investment, new construction/equipment, renovations, and reshoring efforts.
  • Connect: email
  • Name of Incentive: Rural Development Business and Industry Guaranteed Loans
  • Issuing Organization: USDA
  • Details: B&I loans normally available in rural areas, which include all areas other than cities or towns of more than 50,000 people and the contiguous and adjacent urbanized areas.
  • Contact: Bill McGowan
  • Phone: (302)-857-3580
  • Connect: website
  • Name of Incentive: Delaware Rural Irrigation Program (DRIP)
  • Issuing Organization: DEDO and Delaware Department of Agriculture
  • Details: Revolving no-interest loan fund available to qualified Delaware farmers to add new irrigation systems.
  • Contact: Rachael Mears
  • Connect: email  website
  • Name of Incentive: Biorefinery Assistance
  • Issuing Organization: USDA
  • Details: Loans made to fund the development, construction, and retrofitting of commercial-scale biorefineries using eligible technology.
  • Contact: Todd Hubbell
  • Phone: 202-690-2516
  • Connect: email  website

Business Development

  • Name of Incentive: The Delaware Strategic Fund (DSF)
  • Issuing Organization: DEDO
  • Details: Low-interest loans and grants to businesses that demonstrate the potential to create employment opportunities for Delawareans.
  • Contact: Bernice Whaley
  • Phone: 302-672-6811
  • Connect: email  website
  • Name of Incentive: Blue Collar Training Grant
  • Issuing Organization: DEDO
  • Details: Funding to help Delaware businesses provide training to upgrade and/or retain their employees and provide financial assistance to full time employees.
  • Contact: Sonia Aguilar
  • Phone: 302-672-6850
  • Connect: email  website
  • Name of Incentive: Business Finder's Fee Tax Credit
  • Issuing Organization: DEDO
  • Details: Incentivizes existing Delaware businesses to leverage their relationships with suppliers, customers, and other businesses to relocate to Delaware; both the Sponsor Firm and the New Business Firm receive a credit for each new full-time Delaware employee for the 3 years following the move.
  • Contact: Gary Smith
  • Phone: 302-672-6817
  • Connect: email  website
  • Name of Incentive: Delaware Capital Access Program (DCAP)
  • Issuing Organization: DEDO
  • Details: Facilitates the lending process between banks and Delaware businesses, providing lower-risk access to capital.
  • Contact: Rachael Mears
  • Phone: (302)-672-6838
  • Connect: email  website
  • Name of Incentive: Delaware Technical Innovation Program (DTIP)
  • Issuing Organization: DEDO
  • Details: Gives grants to businesses in the State of Delaware that have been awarded assistance from the federal SBIR/STTR program.
  • Connect: email  website
  • Name of Incentive: Small Business Innovation Research (SBIR) Bridge Grants
  • Issuing Organization: DEDO
  • Details: Funding to support business research that will bring innovative new products, jobs, and revenue to Delaware.
  • Contact: Gary Simon
  • Phone: (302)-831-0772
  • Connect: email  website
  • Name of Incentive: Tax-Exempt Bond Financing
  • Issuing Organization: DEDO
  • Details: Tax-exempt bonds to new or expanding businesses, governmental units, and certain organizations that are exempt from federal income taxation.
  • Contact: Rachel Mears
  • Phone: 302-672-6838
  • Connect: email  website
  • Name of Incentive: Small and Medium Enterprise Financing Program
  • Issuing Organization: OPIC - Overseas Private Investment Corporation
  • Details: Provides medium to long-term funding through direct loans and loan guarantees to eligible investment projects in developing countries and emerging markets.
  • Phone: 202-336-8400
  • Connect: email  website
  • Name of Incentive: New Jobs Creation
  • Issuing Organization: DEDO
  • Details: Tax credit awarded to any corporate taxpayer that makes a qualified investment ($200,000 or more) and that hires five or more qualified employees ($40,000 per employee).
  • Connect: email  website
  • Name of Incentive: New Economy Jobs Credit
  • Issuing Organization: DEDO
  • Details: Tax credit awarded to a new employer who adds at least 50 net new jobs with an annual salary of at least $100,000.
  • Connect: email
  • Name of Incentive: Veterans’ Opportunity Credit
  • Issuing Organization: DEDO
  • Details: Tax credit awarded to employers who hire veterans who fought in recent wars. Employers may claim a refundable credit against the bank franchise tax, corporate income tax, personal income tax, or insurance income tax equal to 10% of gross wages or $1,500, for each veteran they hire.
  • Contact: Stephen Seidel
  • Phone: 302-577-8662
  • Connect: email  website
  • Name of Incentive: Electricity Utility Tax Exemption
  • Issuing Organization: DEDO
  • Details: Public utility tax exemption on electrcity used by manufacturing operations for electrolytic or air separation processes.
  • Connect: email
  • Name of Incentive: Electricity Utility Rate Reduction
  • Issuing Organization: DEDO
  • Details: Lower public utility tax rate on electricity for all manufacturering, agribusiness and food processing firms who do not qualify for the Electricity Utility Tax Exemption.
  • Connect: email
  • Name of Incentive: Gas Utility Tax Exemption
  • Issuing Organization: DEDO
  • Details: Public utility tax exemption on gas used by automobile manufacturers for vehicle production.
  • Connect: email
  • Name of Incentive: Gas Utility Rate Reduction
  • Issuing Organization: DEDO
  • Details: Lower public utility tax rate on gas for all manufacturering, agribusiness and food processing firms who do not qualify for the Gas Utility Tax Exemption.
  • Connect: email
  • Name of Incentive: Bank Franchise Tax Credit
  • Issuing Organization: DEDO
  • Details: A credit equal to $1,250 for each new qualified employee above the number of employees employed by the banking organization or trust company in full-time employment during the base year.
  • Connect: email

Small Business

  • Name of Incentive: Certified Development Company 504 Loan Program
  • Issuing Organization: SBA
  • Details: Long-term, fixed-rate financing for major fixed assets, such as land and buildings for growing companies.
  • Connect: email  website
  • Name of Incentive: General Small Business Loans 7(a)
  • Issuing Organization: SBA
  • Details: Loans for starting, acquiring, and expanding a small business - SBA's most common loan program.
  • Connect: email  website
  • Name of Incentive: Microloan Program
  • Issuing Organization: SBA
  • Details: Provides small loans to start-up, newly established, or growing small business concerns.
  • Contact: Glenda Machia
  • Phone: 302-652-6774
  • Connect: email  website
  • Name of Incentive: State Small Business Credit Initiative (SSBCI)
  • Issuing Organization: DEDO
  • Details: A loan participation program where a portion of the loan made to a Delaware small business is purchased by DEDO directly from a private lending institution (typically about 25% but can go up to 49%).
  • Contact: Rachael Mears
  • Phone: (302)-672-6838
  • Connect: email  website

Green Energy/Efficiency

  • Name of Incentive: Delaware Green Energy Fund Program
  • Issuing Organization: DEDO
  • Details: Incentives for renewable energy solutions for energy users statewide.
  • Contact: Scott Lynch
  • Phone: 302-739-1530
  • Connect: email  website
  • Name of Incentive: Delaware Green Energy Research and Development Program
  • Issuing Organization: DEDO
  • Details: Incentives for projects that develop or improve renewable energy technology in Delaware.
  • Contact: Scott Lynch
  • Phone: 302-739-1530
  • Connect: email  website
  • Name of Incentive: Delaware Green Energy Technology and Demonstration Program
  • Issuing Organization: DEDO
  • Details: Incentives for projects that demonstrate the market potential for renewable technologies and accelerate the commercialization of these technologies in Delaware.
  • Contact: Scott Lynch
  • Phone: 302-739-1530
  • Connect: email  website
  • Name of Incentive: Green Industries Program
  • Issuing Organization: DEDO
  • Details: Incentives for businesses to use recycled materials in the manufacturing of new products or to collect and process such materials for use by other industries.
  • Contact: Gary Smith
  • Phone: 302-672-6817
  • Connect: email  website
  • Name of Incentive: Clean Energy Technology Device Manufacturing
  • Issuing Organization: DEDO
  • Details: Increased income tax credits awarded to clean energy technology device manufacturers qualifying for the New Job Creation Credit.
  • Connect: email  website
  • Name of Incentive: Small Business Energy and Facilities Revolving Fund
  • Issuing Organization: DEDO
  • Details: Loans at market to below-market interest rates offered to businesses that cannot otherwise obtain capital, provided those businesses will create or retain jobs in industries that promote energy efficiency and/or recycling.
  • Contact: Bernice Whaley
  • Phone: 302-672-6811
  • Connect: email  website

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