Delaware’s Protected Coastal Zone To Be Opened for Large Industry Under This Bill

The Delaware Coastal Zone Act was signed into law by Governor Russell Peterson in an effort to “protect Delaware’s coastal area from the destructive impacts of heavy industrialization and offshore bulk product transfer facilities.” It has been 46 years since that act was created and now there is a new bill that is being considered by the Senate that will reopen the are to industrial development.

Delaware Coastal Zone Act

The Delaware Coastal Zone Act became a law on June 28, 1971. It was decided at the time that Delaware’s coastal areas were at risk due to heavy industrialization.

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PayPal Will Be Offering More Loans With Swift Financial Buy

Paypal To Acquire Swift Financial To Help Strengthen Small Business Lending

The global payment processing company Paypal recently announced that they plan to acquire Swift Financial, a company which offers owners of small businesses working capital to grow their companies. The terms of this deal have not been disclosed to the public. However, it is known that with Paypal acquiring Swift Financial, they will have more tools in their arsenal to expand on their already growing Working Capital product.

Who Is Paypal?

Paypal is an American company that operates worldwide as an online payment processing system. It supports the transfer of money between account holders and serves as a way to make and receive payments for businesses electronically.

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Delaware’s Unemployment Rate Continues To Climb

With the United States national unemployment rate hovering at or near historical lows, the statewide figures in the state of Delaware are showing continuing signs of breaking with national trends and continuing to rise. The national jobless rate is currently at 4.4%, which is one-tenth of a percent higher than the 16 year low of 4.3% which was first reached in May.
Despite the overall rosy numbers coming from the Federal Department of Labor, the local economy in Delaware has seen significantly different results.

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University of Delaware Participating in Student Loan Counseling Pilot Program

Pilot Program For Student Loan Counseling Being Tested At University Of Delaware

The United States Department of Education has chosen fifty-one American universities and colleges to participate in a pilot program to test student loan counseling. The program has been developed as an experiment to help students learn more about how to navigate the confusing and costly student loan systems.

What The Program Entails

The program is intended to help inform students about the ins and outs of the student loan system in America. Certain students who are loan borrowers at some of the participating universities will also be required to take part in extra counseling sessions before they will be adding more debt to their total debt during their sophomore, junior and senior years of college or university education.

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Small Business Natural Disaster Loans & Their Application Process

You have a thriving business, and it’s everything you’ve ever dreamed it would be. You get to be your own boss, choose what products you sell, and set your own hours. Your business is doing extremely well when disaster strikes. Your business becomes collateral damage to a natural disaster. You’re on the verge of losing everything you’ve worked so hard for, and you’re not sure where to turn next. This article will go over a few options for disaster loans tailored to small businesses, where to apply for them, and how to start the application process.

Business Physical Disaster Loans

You are eligible to apply for a Business Physical Disaster Loan if your business is located in an area that has officially been declared a disaster area. The Small Business Administration sets aside upwards of $2 million dollars for small businesses affected by a disaster.

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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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