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On February 4, 2026, Delaware Governor John Smith signed into law a series of new bills aimed at supporting small businesses in the state. The legislation, collectively known as the Small Business Empowerment Act, is set to go into effect on July 1, 2026, and includes provisions that will make it easier for small businesses to operate and grow within the state.One of the key components of the Small Business Empowerment Act is the establishment of a Small Business Assistance Program, which will provide financial grants and technical support to small businesses in need. This program is designed to help small businesses overcome the financial barriers that can often prevent them from reaching their full potential.In addition to the Small Business Assistance Program, the new legislation also includes measures to streamline the process of starting and operating a small business in Delaware. This includes simplifying licensing requirements, reducing red tape, and providing more resources and support for small business owners.Governor Smith spoke about the importance of supporting small businesses in Delaware, stating, "Small businesses are the backbone of our economy, and it is crucial that we provide them with the tools and resources they need to thrive. The Small Business Empowerment Act is a crucial step towards ensuring that small businesses in Delaware have the support they need to succeed."The new legislation has been met with widespread support from small business owners and advocates in the state. Mary Johnson, a small business owner in Wilmington, praised the new laws, saying, "This is a game-changer for small businesses like mine. The support and resources provided by the Small Business Empowerment Act will help us grow and create jobs in our community."Overall, the Small Business Empowerment Act represents a positive step forward for small businesses in Delaware. By providing financial assistance, streamlining regulations, and offering support and resources, the legislation aims to create a more favorable environment for small businesses to thrive and succeed in the state.