At Faw Casson, we don’t just prepare your taxes—we strategically plan them. Because growing your business shouldn't mean growing your tax bill.
If your business is expanding or relocating to Delaware, the Delaware New Business Facilities Credit could be the tax break 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 doing: creating jobs, investing in facilities, and contributing to the economic strength of our region.
So why do so many businesses miss out on it?
Because navigating the paperwork, eligibility rules, and audit requirements can feel like a second full-time job.
And 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 fact, just in the last five years alone, 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 never overpay the state.
Whether you're:
- Opening a new facility in Delaware
- Expanding an existing one
- Hiring new employees
- Or investing in your physical footprint
…this credit could dramatically reduce your Delaware income tax liability.
Don’t let opportunity slip through the cracks. If your business is investing in Delaware, you should be rewarded for it.
Contact Faw Casson today to find out if you qualify—and let’s make sure you get every tax dollar you’ve earned.
We know the rules. We’ve done the audits. We’ve saved businesses millions. Let’s do the same for you.
Need to Know
Q. Who May Qualify for the Delaware New Business Facilities Credit?
The Delaware New Business Facilities Credit is designed for businesses that are expanding, relocating, or opening new operations within the state—and rewarding them for bringing new jobs and investments to Delaware communities. But qualifying isn’t just about having big plans—it’s about meeting specific, detailed requirements.
To be eligible, your business must first meet the definition of a “new business facility” under Delaware law. This typically means establishing a new physical location engaged in qualified business activities within the state. Just setting up a shell company or moving a few desks won’t cut it—you need to be investing in infrastructure 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, not just part-time or temporary hires.
- Properly allocate your expenses to distinguish between eligible and non-eligible improvements—getting this wrong can cost you a significant chunk of your potential credit.
Timing matters too. There are deadlines for applying, possible pre-approval requirements, and phase-in periods that dictate when the credit can be used. Once approved, the credit can be claimed over a 10-year period, and yes—you can apply more than once if you keep qualifying.
It’s also essential to think big-picture. How will this credit interact with your other state or federal tax incentives? How will it show up on your Delaware gross receipts and income tax filings? Missteps here could lead to penalties or cash flow issues if you count on a benefit that isn’t immediately available.
Bonus:
- Carryforwards? Yes, unused credits can roll forward into future tax years until they’re used up.
- Carrybacks? Possibly—details vary, so review the fine print.
- Stacking credits? You bet. But before you mix and match tax strategies, call us.
At Faw Casson, we’ve helped clients successfully claim this credit for decades—and we know how to navigate the fine print, maximize benefits, and ensure compliance. If you're expanding in Delaware, we’ll make sure the state gives your business every dollar it deserves.
Want help decoding your eligibility? Let’s talk.
