Best Cities to Start a Business in Delaware
Delaware has a reputation for being one of the most business-friendly states in the U.S. The state’s tax laws are extremely forgiving, making it one of the top states for tech startups looking to incorporate. In fact, Delaware’s tax loopholes have allowed corporations to avoid paying over $9 billion dollars to other states.
Delaware also has huge advantages for those looking to start a new business. Even if you have no immediate plans to go public with your business, Delaware’s tax policy nevertheless provides benefits. The lack of a sales tax goes a long way in keeping costs down, as does the absence of a personal property tax.
The state is also a great place for those seeking investment in their young business, as interest on investments is not taxed, thereby increasing the incentive for venture capital firms to funnel into startups.
Additionally, Delaware is conveniently located near all of the major cities of the Northeastern United States, yet boasts a considerably lower cost of living. Further advantages are its well-educated talent pool from which to draw employees and a high productivity score.
Only cities with over 50,000 inhabitants are reported in the results. Some data had to be interpolated to the county level and extrapolated to all the cities in the county. We concentrated on the following metrics to obtain our ranking: Cost of living, Best state for business, Unemployment, Kauffman index, and Universities.
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