Delaware is home to a highly attractive economic environment where today’s companies excel. Here, we merge an accessible and willing government with a low cost of doing business and powerful legal, governing, and corporate tax regulations that make Delaware one of the best places to incorporate your business and strategically position your company.
Thanks to Delaware’s strategic position at the center of business in the Northeast United States, our residents and employers aren’t limited to only one airport for business and personal use. In fact, Delaware commercial airline passengers are within proximity to several airports, including:
Covering just 1,982 square miles in total, Delaware has an effective network of highways and primary and secondary roads to make transport simple, including major thoroughfares:
Delaware also offers freight and commercial rail service to reach 50 million people with 250 miles, including:
Port Wilmington plays a key role in economic development and international trade for the state. As North America’s largest banana port and a major gateway for imports of fresh fruit and produce, Port Wilmington has one of the largest refrigerated warehouse terminals in the United States standing at over 20 million cubic feet. With connections to major highways that include I-495, I-95, I-295, NJ Turnpike and the Pennsylvania Turnpike, and direct access to Norfolk Southern rail lines, importers and exporters in Delaware can reach one third of the country’s population within a day’s drive. Port Wilmington is located within a Foreign Trade Zone, creating significant tax advantages for certain types of import and export activity.
Additionally, port operator Enstructure recently announced a $635 million investment in a new container terminal just north of Port Wilmington, considerably expanding Delaware’s port capacity and aligning with global trade trends favoring larger vessels and consolidated shipments. The new container terminal is designed to handle larger New Panamax ships up to 45-ft in depth. Enhanced port facilities will also streamline logistics and reduce transit times, making Delaware an even more attractive destination for importers and exporters. This increased trade activity will not only boost Delaware’s economy but also contribute to the economic vitality of the entire Mid-Atlantic region.
Foreign Trade Zones are sites that are outside U.S. Customs territory. Delaware provides companies with the option of becoming a Foreign Trade Zone with Alternative Site Framework, which allows individual businesses throughout the state to import, export, assemble, warehouse and distribute products using imported materials and reduce or eliminate customs duties and federal excise taxes.
Any company in the state can apply to be a Foreign Trade Subzone and obtain these benefits:
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