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Southern Delaware Details

Southern Delaware Details. Prepared for Bob Thornton By Julie Wheatley Sussex County Director of Economic Development. Location. 40,000,000 people live within a four hour drive Over 1/3 of the national population Land Area 938 sq. mi. (258.1 Water) . Climate – Four Seasons.

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Southern Delaware Details

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  1. Southern DelawareDetails Prepared for Bob Thornton By Julie Wheatley Sussex County Director of Economic Development

  2. Location • 40,000,000 people live within a four hour drive Over 1/3 of the national population • Land Area 938 sq. mi. (258.1 Water)

  3. Climate – Four Seasons • January’s average 36° • July’s average 77° • Annual Precipitation is 42” • Average Annual Snowfall 12”

  4. Population • Projected for 2009 187,000 • Growth from 1990-2000 38.34% • Density 167 per square mile • 19.6% over 65 • Homeownership rate 80.7%

  5. National Standings 2008 • Delaware ranks #1 • US Chamber of Commerce: Best Legal Environment for Business • CNBC: Business Friendliness • Delaware ranks #2 • Business Expansion Magazine: Best Sales Tax Climate for Business

  6. Delaware Tax Advantages • No State or Local General Sales tax • No personal property taxes • No inventory taxes

  7. Cost of Living Comparison • 87.3 Sussex County • 137.4 Washington DC • 132.3 Boston • 125.8 Philadelphia • 224.2 New York

  8. Low Local Taxes – Sussex County • County Taxes: Appraisal at 100%, assessed at 50% of 1974 Market Value. The County Tax rate for the year is 44.5 cents per $100 of assessed property value. This tax includes the County's cost for General Obligation Bonds, Libraries, Paramedics, and the general operation of the County Government. • City & Town Taxes: Municipal governments and school districts are financed in part through real property tax receipts. The total property tax burden depends on the tax rate, the property assessment, and the assessment ratio.

  9. Green Manufacturing Tax Credits • Waste Reductions Manufacturers that reduce their chemical waste, as reported under the Toxics Release Inventory, by 20% or their other wastes by 50% are granted a $650 corporate income tax credit for each 10% reduction. • Industry Credits Eligible firms include: (a) manufacturers whose production inputs are comprised of at least 25% recycled materials; (b) firms that engage in the processing of materials removed from Delaware’s solid waste stream for resale as input to manufacturers; and (c) firms that collect and distribute recycled materials, and/or materials removed from Delaware’s solid waste stream for the purpose of recycling.

  10. Transportation • Water: Port of Wilmington offers year round port service and is located at the mouth of the Christina River, approximately 65 miles from the Atlantic shipping lanes. • Air: Sussex County Airport offers the convenience of excellent transportation as well as prime industrial sites. • Rail: Delaware is served by two Class 1 railroads, Norfolk Southern and CSX. CSX’s main line serves New Castle County with connections to Norfolk Southern and the Port of Wilmington. Norfolk Southern’s main north‐south line extends to Pocomoke, Maryland and provides an alternative connection to Norfolk, Virginia and all southern destinations via the Eastern Shore Railroad’s car float operation at Cape Charles. This is particularly convenient for unusually wide or high loads that cannot be accommodated on other lines due to clearance limitations.

  11. Utilities Electric Gas

  12. Education • Delaware is one of the few states that provide related training for registered apprentices at no charge to the apprentice or the employer. • UD has 16,000 undergraduates and nearly 3,500 graduate students. • Del State 3,657 students who come from 38 states and 31 countries

  13. Quality of Life • Pristine beaches create the perfect setting for rest and relaxation, and each of the area’s five resort towns feature its own unique personality. • Chic shops, restaurants, water sports and family fun, can be enjoyed here year‐round. • Well‐preserved historic towns can be found throughout the region and many reflect Delaware’s rich nautical history. • For golfers, more than five courses have been constructed here recently.

  14. For bargain hunters, a plethora of antique shops, boutiques, and 140+ outlet shops make this a great place to enjoy Delaware’s tax‐free shopping. • At the western end of the region, visitors can explore the northernmost publicly owned stand of bald cypress trees, visit an antebellum‐era plantation, or take a ride across the Nanticoke River on a cable‐run ferry that is more than 200 years old.

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