In the News

2018 Is a Great Year For Capital Investments




2018 is poised to be a great year for business and the perfect time to invest in your company’s infrastructure. As businesses evolve, so does the need for maintaining and upgrading facilities – that’s where Broadpoint’s Capital Projects Division comes in, providing an in-house feel while acting as a trusted, outside consultant and project manager. Here are three reasons 2018 is a great year for capital investments:  

The Economy is Doing Well.

The Federal Reserve predicts economic growth, as measured by GDP, will rise, to 2.5 percent in 2018 and Delaware is poised to benefit from that. Delaware ranks #4 in Business Costs on Forbes’ Best States for Business list and saw a .8% increase in job growth last year.

People are Moving Here.

Delaware’s population inched closer to one million this year (971,180 as of January 2018), propelled by growth in Sussex County, according to the U.S. Census Bureau’s latest population estimates. It is transforming the once-secluded beach destination into a year-round community, especially in Rehoboth, where people are moving for jobs in the healthcare field.

Delaware is Tax-Friendly.

More than 50% of U.S. publicly traded companies are incorporated in Delaware because of its business-friendly corporate law. The state’s economic and industrial development is closely tied to the Du Pont family, which founded EI du Pont de Nemours, one of the world’s largest chemical companies. Business costs are 21% below the U.S. average per Moody’s and the lowest among states thanks to the lowest labor costs based on labor compensation relative to production.

Large companies must focus more than ever on their core business, paying attention to every detail and staffing to deal with a requiring regulatory environment. Starting with design and continuing through to project completion, Broadpoint works with mid-to-large scale corporations and organizations to streamline processes and deliver cost-effective results. Call us today (302-567-2100) to get started on upgrading your business in 2018.

Sources
https://www.delawareonline.com/story/money/business/2017/12/27/delawares-resident-futurist-forecasts-future-looks-ahead-2018/981289001/
http://www.nytimes.com/2012/07/01/business/how-delaware-thrives-as-a-corporate-tax-haven.html
http://www.delawarebusinesstimes.com/2018-economic-forecast-education/
https://www.forbes.com/places/de/
https://www.forbes.com/sites/alejandrochafuen/2018/01/01/the-u-s-economy-in-2018-north-korea-and-the-deep-state-two-wars-that-threaten-continued-growth/#2b6179fe1633