Small Business LIFT Program

Small Business LIFT Program

Program Name: Small Business LIFT Program

Resource Type: State

State: Delaware, Mid-Atlantic

Agency: Program Source: Loan

Description: The latest U.S. Small Business Administration data show that 93.5 percent of Delaware’s businesses are classified as small businesses, employing more than 48 percent of Delaware’s workforce. Additionally, the latest SBA profile notes that “Delaware’s small businesses created all of the state’s net new jobs…” Delaware’s small businesses remain the catalyst for our economic revitalization and the backbone of Delaware’s economy. We must build on new ideas, recognizing that if there is growth to be had, it will happen within small business.