Qualified investors and high-tech small businesses can make use of Delaware’s newest program aimed at encouraging job creation and innovation.
The Delaware Division of Small Business began accepting certification applications for the Angel Investor Tax Credit at business.delaware.gov/incentives.
Once a business or investor has submitted a certification application, the division will begin its review process. In January 2019, certified companies and investors will be able to submit credit allocation requests.
The AITC is a refundable tax credit worth up to 25 percent of the investment in a qualified, Delaware-based company. Those businesses must pay decent wages, employ fewer than 25 people and engage in innovation in one of several areas as its primary business activity. More information on investor and business qualifications is available at business.delaware.gov/incentives.