Wilmington, Delaware, has long been a hub for entrepreneurial activity, offering a range of resources and programs to support small businesses. Whether you’re launching a startup or looking to expand an existing enterprise, the city provides numerous avenues to foster growth and success.
Emerging Enterprise Center (EEC)
The Emerging Enterprise Center (EEC) serves as a business incubator and co-working space, offering affordable office solutions, mentorship, 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. Their programs include:
- Incubator & Accelerator Program: Provides startups with office space, mentorship, funding opportunities, and business education.
- Swim with the Sharks Pitch Competition: Offers entrepreneurs a chance to compete for funding and professional services to help grow their businesses.
Wilmington Alliance
The Wilmington Alliance collaborates with various partners to support entrepreneurs and small business owners. Key initiatives include:
- Wilmington Kitchen Collective: A commissary kitchen providing culinary entrepreneurs with low-cost, commercial kitchen space, training, and assistance with certifications.
- WilmingtonMADE: Assists local entrepreneurs through training, individualized coaching, business development, and backend support services.
Delaware Hispanic Chamber of Commerce
The Delaware Hispanic Chamber of Commerce offers programs tailored to support Hispanic entrepreneurs, such as:
- Bilingual Business Center (BBC): A one-stop resource center offering support in Spanish, including access to computers, Wi-Fi, and business consultants.
- Bilingual Kitchen Incubator (BIKI): Provides a professionally equipped commercial kitchen with full licensing and technical assistance for food service providers.
City of Wilmington’s Office of Economic Development
The city’s Office of Economic Development is dedicated to promoting a diversified local economy by supporting various industries and initiating programs to increase job opportunities. They assist small, minority, and women-owned businesses through training and technical assistance programs designed to facilitate greater access to the public and private marketplace.
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, aimed at helping young Delaware small businesses grow and scale, and the State Small Business Credit Initiative (SSBCI), providing access to capital for small and early-stage businesses, particularly in underserved areas.
By leveraging these resources, Wilmington’s entrepreneurs can access the support and tools necessary to navigate the challenges of business ownership and contribute to the city’s vibrant economic landscape.