Help Recruit Employers to Delaware and take advantage of the Delaware’s Business Finder’s Fee Tax Credit (BFF)
Kudos to DEDO & the Markell Administration.
I’d definitely put this in the win, win, win category!
Goal:
The Business Finder’s Fee Tax Credit is designed to incentivize existing
Delaware businesses to leverage their relationships with suppliers,
customers and other businesses to relocate to Delaware, resulting in job
creation, increased tax revenues and stronger supply networks.
Program Basics:
Both the existing Delaware business (Sponsor Firm) and new relocating
business (New Business Firm) shall be eligible for a tax credit equal to five
hundred dollars ($500) multiplied by the number of full-time Delaware
employees of the New Business Firm each tax year for three years following
the date in which the New Business Firm is certified in Delaware.
The Business Finder’s Fee Tax Credit will take effect on October 1, 2010.
You can download a PDF document with details such as the Sponsor Firm Requirements, New Business Firm Requirements, New Business Certification Process and the Tax Credit Application Process here.
For additional information, contact Gary Smith of the Delaware Economic Development Office at 302-672-6817.
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