Delaware Prosperity Partnership
Delaware Prosperity Partnership is a nonprofit public/private economic development organization, founded in 2017 and based in Wilmington, that attracts, grows, and retains businesses in Delaware by providing site selection, incentive facilitation, workforce development, and concierge-level support to enterprise, mid-market, and startup companies across multiple industries.
- Company typePrivate
- Founded2017
- HeadquartersWilmington, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Delaware Prosperity Partnership does
Delaware Prosperity Partnership (DPP) is the nonprofit public/private organization that leads Delaware's statewide economic development efforts, founded in 2017 and headquartered at The Mill in Wilmington. The organization works to attract, grow, and retain businesses in Delaware, build the state's entrepreneurial and innovation ecosystem, and support private employers in workforce identification, recruitment, and development. DPP does not sell a product; rather, it operates as a concierge-level account management organization that provides site selection support, customized proposals, regulatory and permitting navigation, workforce development assistance, and access to state incentive programs including Jobs Performance Grants, Capital Expenditure Grants, Graduated Lab Space Grants, Workforce Training Grants, EDGE Grants, and the MISI modernization program. The organization runs the Startup302 pitch competition for underrepresented founders and maintains an Economic Dashboard and Property Database as public-facing tools.
DPP's GTM is event-driven and enterprise-field-sales oriented: the organization engages directly with corporate executives, real estate teams, and site selectors; conducts international trade missions (e.g., the Governor's India trade mission); and coordinates with the Delaware Division of Small Business, Kent Economic Partnership, Sussex County Economic Development, World Trade Center Delaware, the University of Delaware, NIIMBL, and the Delaware Innovation Space. The customer base spans enterprise anchors (Incyte, Alstom, PepsiCo, Agilent Technologies, Hanover Foods), mid-market companies (Phase Sensitive Innovations), and startups (GradBridge, QPS Holdings, Synnovation Therapeutics, AirJoule, FFI Ionix, Versogen, Uvax Bio) across biopharmaceutical, life sciences, fintech, advanced manufacturing, clean energy, hydrogen, defense/semiconductor, and food and agriculture industries.
Funding is derived from a combination of state appropriations, federal economic development grants, and private sector partnerships, with no commercial pricing for services to companies. Since 2017, DPP has supported 76 location and expansion projects accounting for more than $2 billion in projected capital investment and more than 10,000 new and retained jobs. Leadership comprises Kurt Foreman (President and CEO), Becky Harrington (Interim President & CEO), Noah Olson (Vice President, Innovation, Enterprise and Expansion), and a small professional staff of approximately 10-20 personnel. DPP's core technology is limited to standard business intelligence, CRM, and economic modeling tools; it does not develop proprietary technology products.
Delaware Prosperity Partnership firmographics
Firmographics- Name
- Delaware Prosperity Partnership
- Legal name
- Delaware Prosperity Partnership
- Website
- https://choosedelaware.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Delaware Prosperity Partnership is a nonprofit public/private economic development organization, founded in 2017 and based in Wilmington, that attracts, grows, and retains businesses in Delaware by providing site selection, incentive facilitation, workforce development, and concierge-level support to enterprise, mid-market, and startup companies across multiple industries.
- Ownership category
- akta.pro rank
Delaware Prosperity Partnership industry classification
Industry- Product category
- Economic Development Services
- NAICS
- Religious, Grantmaking, Civic, Professional, and Similar Organizations (813), Civic and Social Organizations (813410)
- SIC
- Services-Membership Organizations (8600)
- akta.pro primary industry
- Development Finance & Blended Finance Facilities (BPADAOAD)
- akta.pro secondary industry
- SME & Entrepreneurship Development (Trade-Linked) (BPADAMAE)
Keywords
Where Delaware Prosperity Partnership is headquartered
LocationHeadquarters
- HQ city
- Wilmington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Delaware Prosperity Partnership business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Public Funding and Private Partnership: DPP operates as a nonprofit public/private organization funded through a combination of state appropriations, federal economic development grants, and private sector partnerships. Revenue is not generated through sales of products or services.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Delaware Prosperity Partnership product offering
Product offeringCore offering
Delaware Prosperity Partnership is the nonprofit public/private organization that leads Delaware's statewide economic development efforts to attract, grow, and retain businesses. It serves as a single point of contact for companies considering Delaware, providing site selection assistance, concierge-level account management, navigation of state incentive programs (Jobs Performance Grants, Capital Expenditure Grants, EDGE Grants, Workforce Training Grants, Graduated Lab Space Grants), workforce development resources, regulatory facilitation, and access to innovation ecosystem partners. DPP does not sell products or charge fees; its services are provided at no cost to businesses and funded through state appropriations, federal economic development grants, and private sector partnerships.
Product overview
Delaware Prosperity Partnership operates as an economic development organization rather than a software product company. Its offerings consist of business support programs and services including: economic development assistance for companies looking to locate or expand in Delaware; the Startup302 pitch competition providing nondilutive grants to tech startups with underrepresented founders; EDGE Grants for early-stage entrepreneurs; Graduated Lab Space Grants for companies expanding in Delaware; Workforce Training Grants; the Delaware Technical Innovation Program supporting SBIR/STTR recipients; the State Small Business Credit Initiative providing capital to small and diverse businesses; access to Delaware's Foreign Trade Zone program offering duty exemptions; an economic dashboard with state economic data; and a property database for site selection. These programs work together to attract, grow and retain businesses while building Delaware's entrepreneurial and innovation ecosystem.
Differentiator
Problem solved
Functional benefit
Brands
- Startup302: DPP-coordinated pitch competition supporting tech-enabled startups led by underrepresented founders.
Products and services
- Startup302
- Delaware Economic Dashboard
- Property Database
- Foreign Trade Zone Program Advisory
- EDGE Grants Facilitation
- Small Business Development Center Partnership
Quantifiable outcome
- DPP has supported 76 location and expansion projects generating over $2 billion in projected capital investment and more than 10,000 new and retained jobs since 2017
- +4 more outcomes
Companies that use Delaware Prosperity Partnership
Customer profileNamed customers14 records
Ideal customer profiles3 records
Delaware Prosperity Partnership technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Delaware Prosperity Partnership partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered key, core and adjacent.
- Port of BlythkeyDPP signed a five-year memorandum of understanding with Port of Blyth, a leading offshore energy support base in North East England, to foster innovation, facilitate market expansion, and enhance workforce capabilities in both Delaware and Blyth. The partnership aims to drive mutual economic development through knowledge sharing, promotion, and consulting services, with particular focus on energy transition opportunities.
- PROPEL Tech Hub (Philadelphia)keyDelaware is a key member of the PROPEL Tech Hub, an EDA-designated regional technology hub anchored in Philadelphia and organized by Benjamin Franklin Technology Partners. The hub focuses on precision medicine, with Delaware contributing workforce development, biomanufacturing expertise through NIIMBL, and entrepreneurship support through Delaware Innovation Space.
- Kent Economic Partnership (KEP)coreDPP collaborates closely with Kent Economic Partnership on business retention and expansion efforts in Kent County. KEP serves as the county's economic development arm and works with DPP on MISI grant applications and supporting existing employers like Hanover Foods.
- University of DelawarecoreUD is a foundational partner for DPP, providing research capacity, talent pipeline, and innovation infrastructure. The partnership includes OEIP (Office of Economic Innovation and Partnerships), NIIMBL collaboration, and support for startups through Horn Entrepreneurship program.
- National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL)coreNIIMBL is a national-scale public-private partnership housed at UD focused on biopharmaceutical manufacturing innovation. DPP works with NIIMBL to attract companies to Delaware's biomanufacturing ecosystem and support workforce training programs.
- Delaware Innovation SpacecoreThe Innovation Space is a nationally recognized science accelerator that DPP partners with to support startup growth and company commercialization. Synnovation Therapeutics and other startups have grown at this facility with DPP support.
- Delaware Division of Small BusinesscoreDPP works closely with the Division of Small Business on programs including EDGE Grants, MISI funding, workforce training grants, and the STAR Fund student loan assistance program for STEM professionals.
- Startup302 Partners and SponsorskeyDPP coordinates the annual Startup302 competition with partners including Delaware Division of Small Business, Discover Bank, Chase, DuPont, FMC, Highmark Delaware, University of Delaware Horn Entrepreneurship, Delaware Biotechnology Institute, and The Mill. Sponsors provide funding, mentorship, and venue support.
- Port Wilmington (Enstructure)keyPort Wilmington is a key economic asset with operator Enstructure recently announcing a $635 million investment in a new container terminal. DPP promotes port access to companies considering Delaware for manufacturing and distribution operations.
- Baltimore Tech HubadjacentWhile not an official partner, Delaware's proximity to the EDA-designated Baltimore Tech Hub provides opportunities for Delaware companies and institutions to participate in predictive medicine initiatives and commercialization efforts.
- Mid-Atlantic Clean Hydrogen Hub (MACH2)keyDelaware participates in the federally-backed Mid-Atlantic Clean Hydrogen Hub, with companies like FFI Ionix playing key roles in the hydrogen economy. DPP attracts hydrogen technology companies to Delaware leveraging this regional initiative.
Scale indicators10 records
Recent moves8 records
Expansion highlights5 records
Delaware Prosperity Partnership competitors and assessment
Company assessmentMarket position
Strengths5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Delaware Prosperity Partnership social profiles
Digital presenceDelaware Prosperity Partnership financial estimates
Financial estimateRevenue estimate
Valuation estimate
Delaware Prosperity Partnership leadership team
Management profileNumber of profiles
Profiles7 records
Delaware Prosperity Partnership funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Delaware Prosperity Partnership M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Delaware Prosperity Partnership
What does Delaware Prosperity Partnership do?
Delaware Prosperity Partnership is the nonprofit public/private organization that leads Delaware's statewide economic development efforts to attract, grow, and retain businesses. It serves as a single point of contact for companies considering Delaware, providing site selection assistance, concierge-level account management, navigation of state incentive programs (Jobs Performance Grants, Capital Expenditure Grants, EDGE Grants, Workforce Training Grants, Graduated Lab Space Grants), workforce development resources, regulatory facilitation, and access to innovation ecosystem partners. DPP does not sell products or charge fees; its services are provided at no cost to businesses and funded through state appropriations, federal economic development grants, and private sector partnerships.
Is Delaware Prosperity Partnership a public or private company?
Delaware Prosperity Partnership is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Delaware Prosperity Partnership founded?
Delaware Prosperity Partnership was founded in 2017. It employs 11 to 50 people.
Where is Delaware Prosperity Partnership based?
Delaware Prosperity Partnership is headquartered in Wilmington, United States, in the North America region.
How does Delaware Prosperity Partnership make money?
One revenue line is on record: public Funding and Private Partnership.
Does Delaware Prosperity Partnership have an API?
No public API is recorded for Delaware Prosperity Partnership.
What industry is Delaware Prosperity Partnership in?
Delaware Prosperity Partnership's product category is Economic Development Services. Its primary akta.pro industry code is BPADAOAD, Development Finance & Blended Finance Facilities, with a secondary code of BPADAMAE, SME & Entrepreneurship Development (Trade-Linked). Its NAICS code is 813 and its SIC code is 8600.