Delaware Gov. touts BFF program at national summit

In an effort to bring new businesses to the state, Delaware Governor Jack Markell (D) touted the new Business Finder’s Fee (BFF) tax credit program this morning during a round table discussion with other governor’s at the U.S. Chamber of Commerce in Washington, D.C.

In an effort to bring new businesses to the state, Delaware Governor Jack Markell (D) touted the new Business Finder’s Fee (BFF) tax credit program this morning during a round table discussion with other governor’s at the U.S. Chamber of Commerce in Washington, D.C.

The program, which was unveiled last month, will reward businesses in the First State for convincing their suppliers, customers, or partners to move to Delaware.  That reward will come in the form of  a $500 per job tax credit for both companies.  “It’s really a referral incentive system,” Markell told business leaders and fellow governors.  “It’s something that we all know about from our business community, because it’s like paying somebody based on a commission. “

The tax credits do not apply to certain companies including commercial landlords who are already in the business of recruiting new companies to the state.  The Delaware Economic Development Office will be in charge of tracking new business recruits.

Markell also highlighted the BFF program in his weekly address, which you can find on WHYY.org.