Wilmington, Delaware, has established itself as a nurturing ground for entrepreneurs and small businesses, offering a variety of resources designed to support business growth and sustainability.
Emerging Enterprise Center (EEC)
The EEC provides startups with affordable office and co-working spaces, fully equipped conference rooms, mentorship, business education, and access to a robust network of local businesses and resources. Since its inception, the EEC has supported over 85 companies, contributing to the creation of more than 1,000 jobs and generating over $187 million in revenue. Learn more about the EEC.
Wilmington Alliance Initiatives
The Wilmington Alliance collaborates with various partners to support entrepreneurs and small business owners. Notable programs include:
- Wilmington Kitchen Collective: A commissary kitchen providing culinary entrepreneurs with low-cost, commercial kitchen space, guidance through certifications, and access to training and financial support.
- WilmingtonMADE: An initiative offering training, individualized coaching, business development, and backend support services to local entrepreneurs, free of charge. Discover more about these programs.
City of Wilmington’s Office of Economic Development
The city’s Office of Economic Development is dedicated to fostering a diversified local economy by promoting various industries and initiating programs to increase job opportunities. The office assists small, minority, and women-owned businesses through training and technical assistance programs designed to facilitate greater access to the public and private marketplace. Explore the Office of Economic Development.
Grow Wilmington Fund
In partnership with the Grow America Fund, the Grow Wilmington Fund offers small and medium-sized companies longer loan terms and below-market interest rates, helping businesses stretch their cash flow and save through lower monthly payments. Find out more about the Grow Wilmington Fund.
Statewide Incentives and Credits
The Delaware Division of Small Business provides various incentives and tax credits to help businesses secure new capital or retain more revenue. Programs like the EDGE Grant Competition and the State Small Business Credit Initiative (SSBCI) are aimed at providing access to capital for small and early-stage businesses, particularly those in underserved areas. Learn about state incentives and credits.
With these comprehensive resources, Wilmington continues to foster a thriving environment for entrepreneurs and small businesses, contributing to the city’s economic vitality and community development.