House Bill 380, known as the Business Finder Fee legislation, is one tool that has been implemented by the General Assembly to help stimulate job growth. The bill, that I co-sponsored, creates a tax credit that creates incentives for existing business to partner with the state in an effort to create new employment opportunities for Delaware citizens.


House Bill 380, known as the Business Finder Fee legislation, is one tool that has been implemented by the General Assembly to help stimulate job growth. The bill, that I co-sponsored, creates a tax credit that creates incentives for existing business to partner with the state in an effort to create new employment opportunities for Delaware citizens.

A finder's fee, a tool used commonly by businesses, is an arrangement by which an intermediary finds, introduces, and brings together parties to a business opportunity. This legislation has created a tax credit program that would award each Delaware sponsor firm and each new business firm with a $500 annual tax credit per Delaware job created by the new business, with the tax credit being available for three years.

The program requires that the new business be brought to Delaware as a result of the efforts of the sponsor, and would specifically exclude those businesses, such as real estate agents, banks and commercial landlords, whom already have an incentive to bring out-of-state business to Delaware. An example would be if a company that is based in Delaware which has a vendor that they are buying products or supplies from, and that vendor is currently not located in Delaware, if the Delaware company convinces them to move to Delaware, then both companies would be rewarded with the tax credit. This tax credit is for every single new job that is created by the company moving to Delaware.

Right now, DEDO (Delaware Economic Development Office) is working hard to advertise our state as a place to be. This legislation expands the number of people who are trying to get new businesses to come to Delaware. The more people we have interacting with out of state companies, the more successful we will be in bringing new jobs to Delaware.

How can you help? Every person that works for a Delaware company and has interaction with individuals with companies that are currently not located within the state should mention this incentive program to them. Perhaps neither parties of the initial conversation are in a position to make the decisions to relocate an entire company; however, the conversation has to start somewhere. Your conversation and promotion of this incentive program will get out of state companies talking about options they have.
If you do have a company that is interested in looking into the advantages of moving to Delaware, please have them contact my office or DEDO. Each office will be glad to help them with the process of moving to Delaware and taking advantage of this program.
Help spread the word and let's make our district the first district that successfully recruits new jobs to Delaware utilizing the Business Finder Fee!

For more information, please call 302-739-4271 or email quinton.johnson@state.de.us.

State Rep. Quinn Johnson (D-Middletown) represents the 8th District which includes the Town of Clayton and southwestern New Castle County.