Senate to Approve Student Entrepreneur Fund That Could Turn Delaware into Tech Hub

Delaware legislators are considering passing a Student Entrepreneur Fund bill that might encourage young people to start technology-based companies in the state. Delaware Senate Bill 112 would call for the spending of $2 million per year over the next three year. Funds would come from the state’s $10 million Delaware Strategic Fund.

Why Senators Feel the Student Entrepreneur Fund Needs Passing

Bill sponsor Senator Harris B. McDowell of Dover, Delaware, hopes that more young people would be encouraged to stay in the state. Many people have left the state recently because of the closing of two auto plants and the drastic downsizing of Dupont after their merger with Dow.

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Here’s Why You Should Move Your Business to Delaware

Here is Why You Should Invest in Delaware

Are you interested in starting a new business or relocating to a better place? Delaware is the midpoint of the northeast corridor. At Delaware, you have access to the world’s biggest cities by air, interstate highways, and rail. Here is what makes Delaware an investment hub.

Tax System

Interestingly, Delaware has no sales tax. As such, its cost of living is lower than most of the neighboring states. Its local property taxes are also lower compared to most nearby states. Delaware’s low corporate taxes make it ideal for investment. In fact, Delaware is home to nearly 50% of U.S publicly traded companies.

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Gov. Carney Authorizes Banks and Credit Unions to Offer Prize-Related Savings Accounts

Governor John Carney recently signed House Bill 31, which authorizes prize-linked savings accounts in Delaware. These accounts will help people contribute more to their savings accounts and avoid financial trouble after unplanned expenses.

Prize-Linked Savings

Prize-linked savings programs, or PLS programs, make customers eligible for a cash prize when they make a deposit into their savings account. The more deposits an account holder makes, the greater their chance of winning. Like a raffle, each deposit of a specified amount earns the account holder one entry into the prize drawing.

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New Bill Proposes 25% Tax Credit for Angel Investors and What This Means For Small Businesses

The Angel Tax and Small Businesses

Recently, both terms of Angel Tax and Angel Investor have become more mainstream and popular. If you don’t have anything to do with business, this may be the first time you’re hearing these terms. This article will go over what an angel investor is, what the angel tax is, and what this means for small businesses and their owners.

What is an Angel Investor?

According to Investopedia.com, an angel investor is a person or financial entity that invests in either small businesses or entrepreneurs. These investors are usually the small business owner’s family or friends. The money can either be used to start a business or help a business through a rough financial spot.

The angel investor usually trades the monetary investment for a stake in the business. An angel investor can also invest in a business or startup through a crowdfunding platform, or through an angel investment network.

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