In a move to attract more businesses to the state and stimulate economic growth, Delaware lawmakers have introduced a series of new business laws aimed at streamlining regulations and fostering a more business-friendly environment. The legislation, which was announced on February 19, 2026, includes changes to corporate governance laws, tax incentives for businesses, and measures to enhance the state's reputation as a corporate-friendly jurisdiction.One of the key provisions of the new legislation is an overhaul of Delaware's corporate governance laws, which are widely praised for their flexibility and predictability. The proposed changes aim to further enhance the state's reputation as a preferred destination for businesses looking to incorporate. Among the proposed changes are provisions that would allow corporations to hold virtual shareholder meetings, making it easier for companies to conduct business efficiently and cost-effectively.In addition to the changes to corporate governance laws, the new legislation also includes tax incentives for businesses that choose to locate or expand their operations in Delaware. These incentives include tax breaks for companies that create a certain number of new jobs in the state, as well as reduced corporate income tax rates for qualifying businesses. Lawmakers hope that these incentives will encourage more businesses to choose Delaware as their home base, bringing much-needed economic activity and job opportunities to the state.Furthermore, the new legislation includes measures to promote innovation and entrepreneurship in Delaware. Lawmakers have proposed the creation of a new fund to provide financial support to startups and small businesses in the state, as well as the establishment of a regulatory sandbox for emerging industries such as fintech and biotech. These initiatives are aimed at fostering a culture of innovation and attracting new businesses to Delaware's thriving startup ecosystem.Overall, the new business laws introduced by Delaware lawmakers on February 19, 2026, represent a bold and proactive approach to promoting economic growth and attracting businesses to the state. By streamlining regulations, offering tax incentives, and supporting innovation, lawmakers hope to position Delaware as a leading destination for businesses seeking a dynamic and supportive business environment. The proposed legislation is expected to undergo further review and debate before being enacted into law, but early indications suggest broad support for the measures among lawmakers and business leaders alike.