Businesses Flocking to New Castle County
Published Apr 16, 2008
AstraZeneca, DuPont, Hercules, W.L. Gore & Associates and a bevy of financial institutions – including Bank of America, Barclays, Chase Bank USA and Wilmington Trust – have headquarters or significant operations in New Castle County. So do numerous smaller companies.
What makes the area so attractive to business?
Businesses appreciate the proximity and easy access to New York City, Philadelphia, Baltimore and Washington, D.C., by road or rail. Many also take advantage of the Port of Wilmington, which handles 400 shipping vessels each year.
Favorable tax policy is another key reason. The corporate tax rate in Delaware is just 8.7 percent on net income, and there is no sales tax or equipment tax.
Overall, the cost of doing business here is 88 percent of the national average.
Current Weather Conditions In Newark, DE (19702)
Cloudy, and 39 ° F. For more details?
Click here...
