Per the Prince William County Public Schools, the biggest industries in Virginia are IT and cybersecurity, and also food processing; automotive. More top Virginia industries are life sciences, aerospace, energy, and also data centers. Yet more Virginia top industries are plastics and advanced materials, and also distribution. Another top Virginia industry is corporate HQ, because Capital One and Motley Fool are headquartered there, among other companies.

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The state has sought to capitalize on existing industries and relationships that already work well for Delaware residents. Some of the lesser known industries include automotive manufacturing, biotechnology, chemistry, and the health sciences. However, for over twenty years, Delaware has been known for its banking, financial services, and insurance industries. This industry represents more than 1,000 employers and nearly 40,000 employees in the state of Delaware.

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If superlative characteristics are important to a business, then the business really has but one choice, and that’s to raise the high end of the salary range.

But they would likely have to do that anyway.

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West Virginia provides a credit on raw materials and also goods held in inventory by manufacturers. In addition, there is a High-Tech Manufacturing Credit. It can be used to offset up to 100% of a company’s tax obligation. But this is only if the company can meet job creation benchmarks.

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The federal government is working to offer business owners unique recession business funding opportunities for these unique times during the coronavirus pandemic. Some states are following suit. Do you know what’s available to you at both the federal and the state level?

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There are many steps to starting a business.  It is important to start on a firm foundation. Then, when the twists and turns come, you can be safely secured in your seat.  That means ensuring you have a name and EIN, and all the licenses and registrations necessary at each level of government. Also, make sure that you are legally incorporated.  

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Only you can decide if it is worth it to start a new business in Washington DC. And remember: the federal government and Amazon will be your competition when it comes to hiring.

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The Keystone State has 0.18% of its adults opening new companies in a given month.  The state also scores low for opportunity share of new business owners. This is as compared to the rest of the country. These issues give the state one of the worst startup activity scores listed.

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The “Invest Maryland” program is a tax credit program meant to fuel investment by offering insurance companies the chance to advance pay taxes at a discounted rate. This is in exchange for an investment in the program.

A minimum of 50% of these investments goes to the Maryland Venture Fund, for the purpose of supplying capital to businesses to create jobs and advance innovation.

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