New Economy Jobs Tax Credit

Administered by Delaware Division of Revenue · Delaware

BENEFIT

40% credit

Deadline type: rolling

Eligibility Requirements

1Create minimum of 50-200 new jobs within designated salary ranges
2Refundable credit up to 40% of new employee withholding taxes
3Additional 25% for jobs in targeted growth zones or brownfield sites

Eligible Project Types

CommercialIndustrialSmall Business

STACKING POTENTIAL

New Economy Jobs Tax Credit is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the New Economy Jobs Tax Credit compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Delaware Division of Revenue official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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