Ready In 6
A new independent analysis of Delaware’s permitting process finds that other states in the region, including Maryland and Pennsylvania, are able to achieve substantially faster permit approvals for businesses wishing to locate or expand in the state. As a result, Delaware is missing significant economic development opportunities in the competition for jobs, talent and investment.
The analysis, conducted by professional services firm KPMG, concludes that Delaware has an opportunity to be more competitive if its permitting processes were strengthened through streamlined communication between state agencies, greater transparency and cost predictability, and a fast-track approval program for high-priority projects, among other recommendations.
Click on the image to download the full analysis
The analysis was commissioned by the Ready In 6 Coalition, comprised of Delaware Business Roundtable, Delaware State Chamber, Kent Economic Partnership, Greater Kent Committee, Sussex County Economic Development Action Team, ACEC Delaware, the Committee of 100, the Central Delaware Chamber, the New Castle County Chamber, Delaware Contractors Association, the Delaware Chapter of Associated Builders and Contractors, and the Home Builders Association of Delaware.
The analysis finds, “With significant competition between states for jobs, talent and investment, an efficient permit process is critical to demonstrate a favorable business climate and provide a predictable outcome for businesses seeking to locate or expand in Delaware. Because prospective businesses target locations which can achieve permitting in as few as six months, those states with longer permit timeframes experience reduced interest and missed economic development opportunities.”
Delaware’s permitting process can stretch up to 24 months, placing the state at a distinct economic development disadvantage when it comes to attracting and growing businesses. “In the region, Delaware’s competitors, Maryland and Pennsylvania, are able to achieve substantially faster permit approvals. As a result, Delaware is missing significant economic development opportunities,” the analysis concludes.
The Roundtable and its partners have launched a “Ready in 6” initiative, designed to cut the permitting timeline from 24 months to six months to make Delaware more competitive with other states.
The report recommends state leaders improve in three key areas to streamline the permitting process in Delaware: Enhance communication, increase efficiency and reduce paperwork, and track and use data more effectively.
Click here to read the full analysis.