Today at noon Jack Markell and DEDO Director Alan Levin will announce a new program to help provide working capital to small businesses.
Small businesses provide 50% of the jobs in the state and they don’t need to be constantly bribed with tax breaks to stay here. They are less likely to cut jobs to please “hot money” shareholders, and more likely to keep capital circulating in Delaware.
One of my biggest problems with the last administration was the myopic belief “economic development” meant chasing fortune 500 companies with tax breaks.