Delaware seeks to improve corporate relations after departures

businessinsider.com

Delaware is working to restore its reputation as a business-friendly state after Elon Musk moved Tesla and SpaceX out of the state last year. This decision followed a court ruling against Musk's compensation package. State lawmakers have introduced a bill to change corporate laws, aiming to keep businesses from leaving. The bill has passed the state Senate and will soon be considered by the House of Representatives. Musk's exit has prompted other companies, like Pershing Square and Dropbox, to also leave Delaware. Meta is reportedly considering a move as well, highlighting the challenges Delaware faces in retaining corporate clients.


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