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Bryon Short

Former Representative
Wilmington, DE

Resource and Development Tax Credit

January 18, 2020/in Jobs and Entrepreneurship, Smart Government Growing The Economy For The Future Economic Development /by actualize

Problem

Historically, research and development incentives in Delaware have supported larger established companies. While these larger companies are vital to the state, smaller businesses and startups usually need more resources as they are starting out to remain competitive and expand their business efforts.

Solution

Rep. Short introduced legislation to reform the R&D Tax credit program in Delaware so that it will drive more of the resources to smaller start-up companies. By refocusing the credit toward smaller businesses and startups, this bill incentivizes innovation and growth in emerging industries that are critical to enhancing Delaware’s competitiveness and increasing the opportunity for job growth. If passed, the bill will improve the business climate for existing small businesses and attract new businesses to Delaware.

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https://newdealleaders.org/wp-content/uploads/2020/01/tile_economic_development.jpg 600 600 actualize https://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd-300x74.png actualize2020-01-18 13:48:062020-02-03 07:29:35Resource and Development Tax Credit

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