(a) The General Assembly finds and declares that the good order of the State depends upon the steady employment in useful occupations of the citizens of the State. Such steady and useful employment can be made available by encouraging the economic development of the State through the inducement of a full range of commercial, industrial, agricultural and other enterprises to locate, remain and expand in the State. Uncontrolled industrialization and expansion, however, may contribute to possible dangers to the public health and welfare through the pollution of the air, water and soil of the State. The reduction, abatement and prevention of the pollution of the State’s environment and the protection of its natural resources are important concerns to be considered in the process of encouraging the economic development of the State.

Terms Used In Delaware Code Title 29 Sec. 8701A

  • Division: means the Division of Small Business. See Delaware Code Title 29 Sec. 8702A
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • State: means the State of Delaware. See Delaware Code Title 29 Sec. 8702A

(b) The General Assembly further finds that promotion of the State as a destination for tourists and other travelers will help to enhance the State’s economy and provide employment and recreational opportunities for citizens of the State.

(c) The General Assembly further finds that promotion and assistance to small and minority-owned businesses is vital to the overall balance between large and small firms, and that it is in the State’s interest to insure a strong and diversified business community.

(d) The General Assembly further finds and declares that the creation of a Public/Private Partnership to attract large employers, innovative enterprises and international business opportunities while transferring duties formerly performed by the Delaware Economic Development Office to a division within the Department of State is in the best interest of the State to foster development in an increasingly competitive economy.

63 Del. Laws, c. 189, § ?2; 81 Del. Laws, c. 49, § ?1;