There are 166 Mercantile Agency or Collections Agency business licenses set to expire in Delaware in 2022, according to the Delaware Division of Revenue.
With more than 11,944 minorities self-employed, diversity plays a significant part in Delaware’s small businesses. Small businesses make up more than 98.4 percent of Delaware businesses, with more than 46.7 percent of Delaware employees working for small businesses, as of 2020, according to the U.S. Small Business Administration.
A Civic Economics study found $100 spent at a locally-owned business puts $47 back into the local economy, whereas just $13 returns to non-local firms.
Licenses are set to lapse unless they are renewed before their expiration date.
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