When MSA resolved to make the big leap into a new headquarters, it forced them to reexamine what being in Delaware meant to them. Doing their due diligence, they considered several other locations on the east coast. Ultimately, the state retained them for several different reasons, said Short.
“A big thing for us has been that our location helps us attract top talent,” he said. “When we’re trying to entice someone to relocate here, being near the beach communities has been helpful.”
A vibrant client base resides here as well.
“We’re an entertainment company and this is a resort area – they go hand in hand,” he said. “A lot of our customers are restaurants, bars or music venues. Anyone who’s putting on a live event or show in this area may be interested in working with us. Not every community is made up like that.”
A grant MSA recently obtained from the Delaware Division of Small Business also helped persuade them.
“We applied for a received a grant for just over $100,000 – mostly in strategic money, but some to help develop jobs,” said Short. “That made a big difference for us. We already feel like we’re swimming upstream in some ways because so much equipment is being sold online these days and everyone is moving away from brick and mortar.”
Given that the odds are being stacked against old-fashioned retail, Delaware’s lack of a sales tax makes it even more attractive.
“All the tax laws are changing for internet purchases, but Delaware is a great state for us to open a retail space in because of the tax-free shopping,” said Short. “If we can save a customer 5-7%, especially on a large purchase, it’s a great competitive advantage.”
However, one of the best benefits to staying in Delaware is a seemingly intangible one, notes Short: the business community’s dedication to supporting itself.
“Delaware is a small state, and I believe the state and the business community here goes out of its way to be friendly to local companies,” he said. “We support each other, and this state remains a pretty easy place to get things done.”
With their new headquarters on the horizon, MSA looks forward to another three decades of growth and evolution in the First State.
For more information about Mid South Audio, call (302) 856-6993 or visit midsouthaudio.com