Are you ready to start – or expand – your business but are unsure of the ideal location to do it? Northern Delaware stands out as a wonderful location for businesses looking to thrive. With its strategic location, robust infrastructure, favorable tax climate, a talented workforce, and a wealth of commercial leasing opportunities, Northern Delaware offers an ideal setting for enterprises of all sizes.
Here are several reasons why you might consider locating your business in this bustling region:
Strategic Location and Infrastructure
Northern Delaware is situated in the heart of the Mid-Atlantic region, providing easy access to major cities like Philadelphia, New York City, and Washington, D.C. This prime location offers businesses unparalleled logistical advantages. Wilmington, Delaware is just 30 minutes from Philadelphia International Airport and has access to major highways like I-95 and I-495. The Port of Wilmington, one of the busiest ports on the East Coast, provides critical import and export capabilities for businesses engaged in international trade.
Newark also benefits from excellent transportation infrastructure by being a key stop on Amtrak’s Northeast Corridor, ensuring quick rail connections to major metropolitan areas. This connectivity makes Northern Delaware an attractive hub for businesses involved in manufacturing, distribution, and logistics.
Favorable Tax Climate and Business Incentivesentives
Delaware’s business-friendly tax environment is one of its most significant draws. The state has no sales tax, and corporate income taxes are comparatively low. Delaware is known for its Court of Chancery, which specializes in business law, providing a predictable legal environment that many corporations find advantageous. This legal framework is particularly beneficial for businesses, as it offers a high degree of certainty in resolving commercial disputes.
Finally, the Delaware Division of Small Business provides various incentives and programs to support new and existing businesses. Programs such as the Delaware Strategic Fund offer grants and low-interest loans to businesses which create jobs and invest in the state. These incentives make Northern Delaware not only a cost-effective choice but also a supportive one.
Leasing Lang Commercial Spaces
One of the standout features of Northern Delaware is the availability of high-quality commercial leasing opportunities. Lang Development Group offers a variety of commercial spaces that cater to different business needs. From prime office spaces in Wilmington to medical complexes in Bear, and versatile retail spaces in Newark, Lang’s properties are designed to support a wide range of business activities.
Leasing a Lang commercial space provides businesses with access to prime locations, state-of-the-art facilities, and exceptional property management services. These spaces are strategically located to maximize visibility and accessibility, ensuring that your business can attract and serve customers effectively.
Economic Data and Growth
Northern Delaware boasts a robust and diverse economy. Wilmington’s unemployment rate is below the national average, reflecting a healthy job market. The region is home to a mix of industries, including finance, healthcare, technology, and manufacturing. Wilmington, often referred to as the “Corporate Capital of the World,” hosts more than half of all publicly traded U.S. companies and nearly two-thirds of the Fortune 500 companies.
According to the Delaware Department of Labor, New Castle County’s median household income is approximately $74,000, which is higher than the national average. This indicates a relatively affluent population with disposable income which benefits businesses that rely on local consumer spending.
Northern Delaware presents a compelling case for businesses seeking a strategic, supportive, and vibrant location. With its favorable tax climate, robust infrastructure, skilled workforce, high quality of life, and exceptional commercial leasing opportunities, the region is well-equipped to support business growth and success. Whether you’re a startup looking to establish a foothold or an established company aiming to expand, Northern Delaware offers the resources and environment you need to thrive.
Investing in Northern Delaware is not just a smart business decision; it’s a strategic move towards sustained growth and prosperity.
lmk 2024
