A report released by the Delaware Workforce Development Board (DWDB) has identified both positive and negative aspects of Delaware's entrepreneurial ecosystem [fbd91ae6]. The report analyzed the state's resources for innovation and entrepreneurship, highlighting assets, gaps, and opportunities for improvement [fbd91ae6]. The study found that while there is a robust support system for entrepreneurs in the state, there are challenges related to redundancy and relevancy of services [fbd91ae6]. The report also noted that fewer resources are available in Kent and Sussex counties [fbd91ae6].
The data for the report was collected through surveys, interviews, focus groups, and events involving 165 entrepreneurs and representatives from organizations that support them [fbd91ae6]. One of the key findings was that although there is a growing number of financing options, many entrepreneurs still struggle to access capital [fbd91ae6]. The report recommends extending programs and services to Kent and Sussex counties, improving the accessibility and relevancy of services through culturally competent business coaches, and providing awareness and opportunities for entrepreneurs to seek micro-loans and grants [fbd91ae6]. It also suggests increasing the availability of subject matter experts such as tax and legal consultants for business startups [fbd91ae6].
The report is part of the multi-year Delaware Employment Equity Project led by the DWDB, which aims to analyze the needs of Delawareans and employers and develop strategies to increase access to equitable employment opportunities [fbd91ae6].