Wilmington, Delaware, has long been a hub for business and innovation. For aspiring entrepreneurs and small business owners, the city offers a wealth of resources designed to foster growth and success. This guide highlights some of the key organizations and programs available to support local businesses.
Emerging Enterprise Center (EEC)
The Emerging Enterprise Center, an initiative of the New Castle County Chamber of Commerce, 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, helping them generate more than $187 million in revenue and create over 1,000 jobs. The center offers flexible plans tailored to various business needs, including incubator and accelerator programs. Learn more about the EEC.
Wilmington Alliance
The Wilmington Alliance collaborates with multiple partners to support entrepreneurs and small business owners on their path to success. Notable initiatives include:
- Wilmington Kitchen Collective: Launched in January 2022, this commissary kitchen provides culinary entrepreneurs with low-cost, commercial kitchen space. Members receive guidance through certifications, training, workshops, and opportunities for financial support to expand their businesses.
- WilmingtonMADE: Originating as a “shop local” campaign in 2020, WilmingtonMADE has evolved to offer training, individualized coaching, business development, and backend support services to local entrepreneurs. Approved business owners are matched with vendors to provide these services free of charge. Discover more about Wilmington Alliance’s programs.
City of Wilmington’s Office of Economic Development
The Office of Economic Development (OED) is dedicated to ensuring a diversified local economy by promoting various industries and initiating programs to increase job opportunities for residents. The OED 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 OED’s offerings.
Grow Wilmington Fund
In partnership with the Grow America Fund, the City of Wilmington launched the Grow Wilmington Fund to help small and medium-sized companies expand their businesses. This program offers longer loan terms and below-market interest rates, enabling businesses to stretch their cash flow and save through lower monthly payments. Find out more about the Grow Wilmington Fund.
State Incentives and Credits
The Delaware Division of Small Business offers various incentives and tax credits to help businesses secure new capital or retain more revenue. Programs include the EDGE Grant Competition, which awards funds through a competitive selection process and pitch competition, and the State Small Business Credit Initiative (SSBCI), aimed at providing access to capital for small and early-stage businesses, particularly in underserved areas. Learn about state incentives and credits.
By leveraging these resources, Wilmington’s entrepreneurs can access the support and opportunities needed to thrive in today’s competitive business landscape.