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Mid Atlantic Real Estate Journal — Economic Development — January 27 - February 9, 2012 — 37A
E CONOMIC D EVELOPMENT
By Paul G. Clark, New Castle County office of Economic Development New Castle County: Ideally located for business – and no sales tax
N
E W C A S T L E COUNTY, DE — New Castle County
“Our location at the center of the Northeast Corridor is ideal for business,” said New Castle County Executive Paul G. Clark. “We are two hours from New York City or Washington by car or train. This is one reason the County is the corporate home to 63 percent of the nation’s Fortune 500 companies and why industry giants such as DuPont and W.L. Gore call New Castle County home.”
offers a great quality of life with an affordable cost of living. Our housing prices average $245,800, and our residents can expect to pay 16 percent less for basic living expenses than in surrounding jurisdictions. New Castle County’s vi- brant economy relies on stel- lar firms representing numer- ous sectors, from financial services and health services to biotechnology, clean energy and manufacturing. And with no sales tax or state-assessed property tax, your dollars go further while you enjoy all that New Castle County has to offer. “Our location at the center of the Northeast Corridor is ideal for business,” said New Castle County Executive Paul G. Clark. “We are two hours from New York City or Wash- ington by car or train. This is one reason the County is the corporate home to 63 percent of the nation’s Fortune 500 companies and why industry giants such as DuPont and W.L. Gore call New Castle County home.” Bank of Amer- ica, Capital One, Sallie Mae, AstraZeneca andAmazon also have significant operations in the county. Many small businesses have relocated to the area, while home-grown businesses continue to thrive. Compa- nies see great value in New Castle County’s quality of life and talented workforce. Delaware’s small size allows exceptional access to state and local officials who are in- vested in the success of local businesses. “Living and working here means having access to world-class healthcare facili- ties, a reliable transportation Accessing economic development . . . equipment, or restructure their mortgages and debt, among other financial maneuvers. Such clients have been able to make these moves despite the economy’s struggles and the recent spate of bank merg- ers, illustrating that there is no substitute for decades of financial expertise and positive results. Government assistance programs are out there, but businesses need guidance in continued from page 36A
network, crowd-pleasing din- ing and cultural outlets and beautiful recreational ar- eas,” County Executive Clark added. “We are also proud of
our many forward-thinking and high-achieving schools.” The University of Delaware and the Charter School of Wilmington (high school) are
each ranked among the top 100 educational institutions of their type in a national sur- vey by U.S. News and World Report. ■
Paul G. Clark
New Castle County, Delaware Your Business Destination!
No State Sales Tax Lowest Property Taxes in the Mid-Atlantic Region
First-Class Transportation Networks Chamber of Commerce State Rankings #1 - Economic Output per Job #5 - High-Speed Broadband Intensity #7 - STEM Job Creation
Paul G. Clark, County Executive
Contact the New Castle County Office of Economic Development for assistance with site selection, financing, and information.
nccde.org/development 302-395-5959 OED@nccde.org
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