The main priority of the New Castle County Office of Economic Development is to provide new, developing, and existing businesses with the resources they need to grow, remain successful, and contribute to our vibrant local economy. We assist local and national companies with government regulations and the permitting process. In coordination with the Delaware Economic Development Office and other partnerships, we work to attract new businesses and existing ones through marketing and outreach. Because of our positive business climate, more than 60% of all Fortune 500 companies have incorporated in our state, such as DuPont, AstraZeneca, Bank of America, W.L. Gore, and many others. We have thriving business and great opportunities in the pharmaceutical, biotechnology, financial services, clean energy, and manufacturing sectors.
Property redevelopment is a key component of New Castle County's economic development and land-use plans. It helps to preserve open space, limit sprawl, provide reinvestment to older communities, and utilize already existing infrastructure and neighborhood amenities. New Castle County has worked to attract more investment in traditional neighborhood development through ordinances to waive impact fees for redevelopment projects, compressing the land-use approval process, and other incentives.