Delaware Intercorp Blog

Delaware Intercorp Blog

Friday, July 23, 2010

Global Trade Leads Bulletin- July edition

Are you interested in learning about global business leads that are received from World Trade Centers and other international agencies?

The World Trade Center Delaware publishes a list of leads that you may be interested in using as a resource to gain some exposure for your company or to source goods.

This month's leads include: Textile, Agricultural Products, Medical Products, Safety and Security Products, Food and Beverage, Equipment, Electronic Products, Computer Product, Machinery, Automotive, Apparel, Chemical, Energy, Office Products, Plastic, Food Products and Equipment, Wood, Paper, Metal, and Industrial.

Check out the current International Trade Leads Bulletin (PDF)


posted by Russell at 9:51 AM 0 Comments

Wednesday, July 21, 2010

2010 Delaware State Fair

A yearly event that many Delawareans look forward to is coming up again. Thursday July 22, 2010 is the opening day of the Delaware State Fair in Harrington, DE. This week long experience has mostly the same attractions that it has always had, which makes it a walk down memory lane for many. Children and adults alike will enjoy the offerings of the 4-H club and those infamous funnel cakes. The fair's stock is currently $400 a share, which may show how grand the fair really is.

posted by Angelica Endres at 1:28 PM 0 Comments

Friday, July 16, 2010

How Can Small Businesses Break into the Global Market? SBA Offers New Podcasts to Help.

The U. S. Small Business Administration is now offering a new set of three export-oriented podcasts offering valuable information on issues and challenges small business exporters may find when dealing with specific countries.

“U.S. small businesses looking to increase sales and profit should look beyond the U.S. borders. Nearly 96 of the world’s consumers live outside the U.S. and small business need to factor that in to their strategic planning,” said SBA Administrator Karen Mills. “We’re hoping these tools will help them do that, so they can grow and create jobs here at home.”


The podcasts are available online at http://www.sba.gov/tools/audiovideo/Podcasts/index.html and include transcripts. They provide valuable information on country infrastructure, types of U.S. products and services in demand, cultural tips on how to do business, and other relevant issues.



posted by Russell at 1:32 PM 0 Comments

Friday, July 02, 2010

Delaware Corporate Legislation Tracker

The Delaware General Assembly has has finished the legislative session, but you can stay on top of any current and pending legislation related to Delaware Corporate rules and regulations with the Delaware Corporate Legislation Tracker!

Here is what has been happening in Dover this past week:

The following Legislation affecting Title 30 - State Taxes, was acted upon by the General Assembly on 06/29/2010:

HB 495
Title: AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO GROSS RECEIPTS TAXES.



Synopsis:
This Act decreases certain business and occupational tax rates, known as gross receipt taxes, by 6.7% across the board. The reduction is funded by a reduction in the State workforce by 500 positions, through attrition, implemented on a rolling basis. The $13 million in savings resulting from workforce reduction covers the 6.7% Gross Receipts tax reduction, valued at $13 million. Additional State revenue is expected as a result of businesses having an additional $13 million to put back into the economy.

Bill History:

Jun 29, 2010 - Introduced in House and assigned to Revenue & Finance Committee

Jun 29, 2010 - Assigned to Revenue & Finance Committee in House



The following Legislation affecting Title 30 - State Taxes, Title 12 - Decedents' Estates and Fiduciary Relations, and Title 3 - Agriculture was acted upon by the General Assembly on 06/30/2010:


HB 497
Title: AN ACT TO AMEND THE LAWS OF DELAWARE RELATING TO THE ESTATE TAX.


Synopsis:
This bill amends House Bill No. 291, as amended by House Amendment Nos. 1 and 4 (Laws of Delaware, Volume 77, Chapter 85) relating to Estate Tax. It removes the Sunset date of July 1, 2013 and replaces that with a termination date of July 30, 2010, and makes the Act revert to certain statutes in Titles 3, 12, and 30 of this Act that were in place immediately before this Act was enacted on July 1, 2009.

Bill History:

Jun 30, 2010 - Introduced and Assigned to Revenue & Finance Committee in House







posted by Russell at 2:57 PM 0 Comments

Friday, July 02, 2010

Governor Signs New Budget for Delaware!

Delaware's Budget Fast Facts:

• Over $50M less than state budget passed in FY 2009

• 530 less positions than last year’s budget (1,026 positions less than budget two years ago)

• $48.9M in state agency operating cuts

• Demand for state services like education and healthcare up

• $6M increase in the education budget attributable to enrollment growth (111 new teachers)

• $104.2M increase in the Medicaid budget due to growing number of Delawareans eligible

• Budget balanced, despite $110.2M reduction in available federal stimulus funds in FY’11


You can read all about it here in the Governor's press release.

posted by Russell at 2:53 PM 0 Comments