Delaware New Business Facilities Credit
Guidance and support to help you identify, apply for, and maximize available Delaware tax credit opportunities.
Because growing your business shouldn’t mean growing your tax bill.
At Faw Casson, we don’t just prepare your taxes, we strategically plan them.
If your business is expanding or relocating to Delaware, the Delaware New Business Facilities Credit could be the tax advantage you’ve been missing. This powerful incentive—part of the state’s Blue Collar Tax Credit Program—rewards businesses for doing exactly what you’re already working toward: creating jobs, investing in facilities, and strengthening the local economy.
So why do so many businesses miss out?
Because navigating the paperwork, eligibility rules, and audit requirements can feel like a second full-time job.
That’s where we come in.
For over two decades, Faw Casson has helped businesses like yours qualify for millions in state tax savings. In just the last five years, our clients have secured over $10 million in approved credits—and more than $13 million overall. We handle the process from start to finish, so you can stay focused on growing your business while we make sure you don’t overpay.
Whether you’re:
- Opening a new facility in Delaware
- Expanding an existing one
- Hiring new employees
- Investing in your physical footprint
…this credit could significantly reduce your Delaware income tax liability.
Don’t let opportunity slip through the cracks. If you’re investing in Delaware, you should be rewarded for it.
NEED TO KNOW
Who may qualify for the Delaware New Business Facilities Credit?
The credit is designed for businesses that are expanding, relocating, or opening new operations within the state—rewarding job creation and investment in Delaware communities. But qualifying isn’t just about growth—it’s about meeting specific, detailed requirements.
To be eligible, your business must meet the definition of a “new business facility” under Delaware law. This typically means establishing a new physical location engaged in qualified business activities. Simply setting up a shell company or relocating a few desks isn’t enough—you need to be making a meaningful investment and creating real economic impact.
You’ll also need to:
- Meet minimum investment thresholds tied to your facility and operations
- Commit to creating a specific number of new full-time jobs
- Properly allocate expenses between eligible and non-eligible improvements
Timing matters. There are deadlines for applying, as well as pre-approval requirements and phase-in periods that dictate how and when the credit can be used. Once approved, the credit can be claimed over a 10-year period, and in some cases, businesses may qualify more than once.
It’s also important to take a broader view. How does this credit interact with other state or federal incentives? How will it appear on your Delaware gross receipts and income tax filings? Missteps here can lead to penalties or missed opportunities.
Bonus considerations:
- Carryforwards: Unused credits may roll into future tax years
- Carrybacks: May be available depending on the situation
- Stacking credits: Can be beneficial—but requires careful coordination
At Faw Casson, we’ve helped clients successfully navigate this process for decades. We understand the fine print, maximize the benefit, and ensure compliance every step of the way.
If you’re expanding in Delaware, we’ll make sure the state gives your business every dollar it deserves.
Who This Is For
- Construction Accounting – Project-based accounting, cost tracking, and contract management in a fast-moving environment
- Entrepreneurial Accounting Services – Supporting growing businesses with financial structure, planning, and day-to-day decision-making
- Manufacturing Accounting – Cost accounting, inventory control, and operational insight for production-driven businesses
- Professional Services Accounting – Supporting firms with partner structures, billing models, and performance tracking
- Real Estate Development Accounting – Managing projects, entities, and investments across complex real estate portfolios
- Wholesale and Distribution Accounting – Inventory, logistics, and margin management across high-volume distribution operations
Ready to Get Started?
Partner with Faw Casson for a peer review experience that is efficient, insightful, and focused on your success. Contact us today to schedule a consultation and take the next step toward strengthening your firm.
By choosing us, you’re choosing a partner who understands your challenges and is committed to helping your firm thrive.