Delaware Small Businesses: Five Fast Facts

March 18, 2024

Delaney Sexton
Contributing Editor

Delaware Small Businesses: Five Fast Facts

In 2023, there were 98,256 small businesses in Delaware.
Small businesses employed 205,354 people or 48.7% of Delaware’s workforce.
Delaware small business employment grew by 32.8% between 1996 and 2020, exceeding the national small business employment growth rate.
New lending to businesses through loans of $1 million or less reached $1.1 billion in 2021.
$301.6 million in new loans were made to Delaware small businesses with revenues of $1 million or less.