Incorporations Rebound to Pre-Recession Levels

Tuesday, Apr 2, 2013  |  Updated 9:54 AM EDT
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Incorporations Rebound to Pre-Recession Levels

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The number of companies incorporating in Delaware has rebounded to pre-recession levels as the economy improves.

The News Journal reports the Delaware Department of State released figures Monday showing there were 145,182 corporations in the state in 2012. That's up from 133,300 in 2011 and 117,833 in 2010.

The number of incorporations hit the lowest point in 2009 with 102,029 based in Delaware. The peak was 161,756 in 2007.

James Butkiewicz, the chairman of the economics department at the University of Delaware, says the rebound is an indication of increased economic activity. But it doesn't say much about Delaware's economy because so many out-of-state businesses choose to incorporate in Delaware.

“That’s got to indicate somebody’s doing something to spend money  to create these corporations,,” Butkiewicz told the News Journal.

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